An investigation into alleged embezzlement and concealment of assets, following a bankruptcy declaration, delivered clear evidence and a criminal referral at the United States Bankruptcy Court – Southern District of Texas, Houston Division 

In his ruling, Judge Jeffrey Norman praised the expert testimony delivered by HKA Partner Richard Peters, stating: “The testimony of Richard Peters with the firm of HKA Global, LLC was especially compelling as he provided services regarding the estate’s cryptocurrency assets… [said testimony] strongly indicate that [the debtor] embezzled concealed estate funds post-petition.”  

Peters undertook an in-depth investigation to untangle the flow of digital assets at the heart of the debtor’s alleged Ponzi scheme. He explained: “Leveraging on-chain analytics, we traced deposits and movements of debtor and victim deposits across many different digital assets, mapping each hop and their destination. Address clustering and common-spend analysis helped correlate blockchain evidence to help provide actionable leads for asset recovery.”  

With many millions of dollars of assets under investigation, Peters delivered some of HKA’s core digital forensic expert services regarding cryptocurrency, bankruptcy, and cybersecurity.   

Learn more about HKA’s Digital Forensics & Investigations and Cybersecurity services on our website: HKA.com. 

Media contact

Name	Andrew J. Katz, CPSM
Title	Marketing and Communications Director, Americas
Number	+1 215 962 1136
Email	andrewkatz@hka.com