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Thomas Schehr Co-Authors Article on Use of Forensic Accounting in Trust Disputes

Scholarly Article Published by ABA Section of Litigation-Commercial and Business

June 4, 2013

Thomas M. Schehr, Detroit-based member and leader of Dykema’s Financial Services Litigation Practice Group, co-authored an article, “Using Forensic Accounting in Trust Disputes,” that appears in the Spring 2013 issue of the American Bar Association’s Commercial and Business Litigation newsletter. Schehr developed this piece with Michael N. Kahaian, managing director at Stout Risius Ross, a global financial advisory firm that specializes in dispute advisory and forensic services.

In their article, Schehr and Kahaian provide evidence that the number of fraud cases—large and small—tends to increase during recessionary times. Because most fraudulent schemes are based upon victims’ implicit belief and trust in the perpetrator, the need for forensic accounting has never been greater.

Among other things, Schehr and Kahaian carefully explain what fiduciary responsibility entails, and note that beneficiaries of a trust “should establish a high level of accountability with their trustees and know their options when there are indications of mismanagement.”

To read this article in its entirety, click here.