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June 10, 2020
$4.5 Million Discovery During COVID-19 Lockdown
We hope you and your family, friends and colleagues are healthy and safe. Our team fortu nately has dodged COVID-19 so far, and we are eager to resume normal business practices soon.

Please remain acutely aware of the likelihood for increased fraud among debtors and portfolio companies as a result of the extraordinary economic downturn.

  • Be circumspect of a non-essential business that was financially fragile before the quarantine but now appears healthy.
  • At a minimum, review debtors'/portfolio companies' current 13-week cash flow forecasts every 2 - 3 weeks to identify problems as early as possible.
We have completed some interesting engagements during the COVID-19 Lockdown, including a Preference and Fraudulent Conveyance Analysis for a law firm where we uncovered $4.5 million in preference payments.

"Brandlin skillfully distilled large quantities of financial information into concise conclusions. They worked quickly and delivered user-friendly summary reports with well-organized supporting analysis.”
Scott F. Gautier , Chair, Corporate Restructuring and Bankruptcy Group
Robins Kaplan, LLP 
Here are the Details of our Work
977
53
Analyzed 977 individual bank statements spanning 38 months
from 53 bank accounts.
  • Identified missing bank accounts and statements for counsel.
  • Effectively used software tools for expediency and accuracy.
  • Manually inspected certain documents.
Reviewed approximately 8,600 transactions aggregating $628mm ($285mm in cash receipts and $343mm in cash disbursements).
  • Stratified cash disbursements by size.
  • Categorized transactions by payment method and reconciled activity.
  • Organized payments by beneficiary and credit parties.
Identified related-party disbursements exceeding
$4.5 million - in just 2 weeks.
Secured Finance Network Webinar
We joined Mark Fagnani, Senior Managing Director – Clear Thinking Group, LLC, on April 21, 2020 to present a webinar on Fraud Detection to Secured Finance Network members and guests. Click the image to review the presentation.
Portfolio Management and Fraud Detection/Prevention in the Midst of COVID-19
Brandlin & Associates is an exclusive provider of financial workouts and restructurings, forensic accounting, financial due diligence and litigation support for senior lenders, mezzanine funds, private equity groups, attorneys and middle market companies.

We pride ourselves on offering superior technical expertise, years of practical experience and unparalleled service to decipher financial and operational performance metrics. As a result, our clients are able to make informed decisions in a timely manner.