Counsel for a publicly-traded company brought fraud claims alleging revenue misrepresentation at a division that was acquired by its client. Axium investigated allegations that due diligence materials intentionally misstated revenue categorization in order to conceal concentration concerns and falsely booked receivables in order to enhance performance. Our investigation involved extensive review and forensic analysis of accounting records which included analyzing audit trails in the accounting system. Our procedures identified and documented intentional misrepresentations in revenue items and deliberate manipulations of the accounting records. Axium also conducted extensive research of public records to identify and establish affiliations and relationships of customers and well as numerous interviews. Our work was vital in reaching a favorable settlement of the claims.