The client, an apparel manufacturer, commissioned an investigation to find out who was behind a spike in the short-selling of its shares and why. The investigation succeeded in identifying one hedge fund and, through a series of discreet contacts, uncovered that the hedge fund had been in contact with a finance executive whom the client had recently fired and who had turned over confidential financial data that he had removed from the company prior to his departure.
DOJ launches pilot program to enhance voluntary self-disclosure and combat white-collar crime
In April 2024, the US Department of Justice (DOJ) Criminal Division released its Pilot Program on Voluntary Self-Disclosures for Individuals to help detect and...