Fraud Examination 5th Edition by Steve Albrecht,Chad Albrecht,Conan Albrecht, Mark Zimbelman

Exercise 66

Liz Clayton, supermodel and wife of Andrew Dyce, better known as Flash, lead guitarist and vocalist for the popular heavy metal band Flash Metal, is filing for divorce. Each cited that their careers kept them separated and that they have drifted apart over the 12 years of their marriage. The divorce settlement was quick, and both sides were pleased. Little did Liz know that Flash had been concealing assets from her over the past year. Liz didn't know much about Flash Metal, including who the current and past members were. Over the 20 years that Flash Metal has been a group, musicians have come and gone with only one original person still in the band, Flash.
When the marriage started to get rocky, Flash decided to hide some assets from Liz just in case of divorce. Over the past six months while Flash Metal was on its record-breaking world tour, Flash would take his concert profits and make a check out to a past band member to hide his income from Liz. After the divorce was settled, the checks were voided, and Flash had successfully hidden $1.2 million from his unsuspecting wife. What could Liz have done to avoid being swindled by her ex-husband