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Investigations of Alleged Embezzlement
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6月 18, 2024
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FTI Consulting assisted a French listed company with an investigation on alleged embezzlement and subsequent identification of misappropriated assets.
Our Impact
- Exposed the modus operandi of the subject of the investigation (an employee) and unraveled the hidden and complex patterns established to facilitate the embezzlement operation.
- Uncovered and identified assets held by the employee, subject of investigation and by his circle of influence (real estate assets, shares and holdings in companies, cryptocurrency operations)
- Identified >€50 million potentially embezzled through forgery of financial statements.
Our Role
- Drawing on over 2.5 million submitted documents from more than 10 employees, our experts preserved and collected close to 1.3 TB of electronic data (emails, data stored of corporate on premise servers and cloud, data recovered from corporate laptops, desktops and mobiles phones, instant messaging, server logs).
- Used eDiscovery platforms (Relativity and Brainspace) to analyse and review documents; applied forensic analysis of laptops, server logs and entry exit system logs to reconstruct illicit activities and map connections; and used analysis of financial data to trace embezzled funds.
- Employed expert business intelligence gathering from trusted field sources, with searches across a broad range of public databases and within specialized databases for possible exchanges with cryptocurrency sites and financial institutions
Situation
FTI Consulting’s Technology, Investigations and Compliance teams were appointed to a French listed company to conduct investigations pertaining to alleged embezzlement. The project was held in two stages. At first, the team conducted investigations on electronic data (emails, server logs and data repository, data recovered from corporate laptops, mobiles phones, etc) in conjunction with other financial information.
This preliminary investigation allowed team to establish evidence trail of potential misappropriation. At a later stage FTI Consulting was charged to undertake a search for misappropriated assets as a follow up of the fact-finding investigation, as a part of its business intelligence service. As part of this effort, FTI Consulting investigated on shared interests and connections between the alleged employee, his circle of influence and possible accomplices.
出版
6月 18, 2024
主な連絡先
Senior Managing Director, Leader of FTI Consulting France
Senior Managing Director, Head of France Investigations & Compliance
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