The Risk, Investigations & Analytics team was retained to assist counsel and its food distributor client in litigation which alleged the brokers on the food purchases were misappropriating funds and operating a Ponzi scheme.
The team’s forensic analysis of accounting records and bank statement data identified multiple gaps, inconsistencies and movement of funds to related partiess, as well as the identification of over $8 million in unaccounted for funds. In tandem with the forensic review, our background investigation of the defendants identified numerous shell companies which held hard assets, including luxury vehicles and high-end real estate. Our work enabled counsel to obtain a multi-million dollar consent judgement against the brokers on behalf of the client.
