World Wide Multi Million Pound Fraud Investigation

Asset Investigations and Recovery

World Wide Multi Million Pound Fraud Investigation

Challenge

A major European insurance company were subject to a multi million pound fraud by an individual in the US. The case was historic and the defendant had undeclared assets in a multitude of jurisdictions and under management by nominees.

Action

Our financial investigators were able to pierce the corporate veil and unravel a complex structure of hidden assets in various jurisdictions with strict privacy laws. The assets were not just simple tangible assets but also in foundations and trusts. We also identified previously undeclared properties, bank accounts and third party beneficiaries.

Result

Previously undeclared and significant assets were identified in support of the trustee in bankruptcy who was able to apply to extend the bankruptcy and commence realisation on behalf of the client.