The DivorceLawyer.com Podcast recently featured NGH Group CEO Nicholas G. Himonidis, who shared his expertise in “Hidden Assets and Forensic Investigations.”
Himonidis explains how financial investigation, through digital forensics and other means, differs from forensic accounting. Specifically, forensic accountants examine financial accounts and transactions—the “known universe of financial information.” Their efforts may reveal gaps or other discrepancies, requiring additional information, but financial investigation through digital forensics and other means focuses on the unknown.
“A big part of our job,” says Himonidis, “at least in the financial due diligence that goes on in divorce cases, is to . . . see what else may be out there.” Over the years, the NGH Group has uncovered a wide range of undisclosed assets, from real estate holdings and offshore accounts to business enterprises and, increasingly, cryptocurrency.
In one divorce case, NGH Group crypto forensic experts identified a cryptocurrency account with a little-known exchange in the U.S. holding roughly $15 million in undisclosed cryptocurrency assets.
The episode highlights common red flags that could indicate hidden assets, as well as the challenges of cryptocurrency, which makes financial investigation through digital forensics increasingly critical in asset discovery.
Listen to this free, 33-minute podcast on the complexities of uncovering hidden assets in divorce cases.
