Professional Services
FRP Advisory
Full Credential Description
we’s Forensic Services team was engaged to investigate serious allegations of bribery, corruption, money laundering, and fraud on behalf of a nation state. The case centered around a high-net-worth individual and his associates, including politically exposed persons in the Middle East, who were under scrutiny by the United States Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI). The state was particularly concerned about the potential dissipation of its investments due to high-value transactions involving these individuals.
The investigation faced the challenge of analyzing a large volume of disordered and incomplete documentation, which included emails, financial statements, loan agreements, invoices, wire transfers, and bank statements from key individuals and entities. To address this, we developed targeted keyword searches to sift through the documentation effectively. A critical component of the investigation was a funds tracing exercise that aimed to clarify the flow of money to related parties and between various bank accounts, revealing several money transfers that lacked a clear business purpose. Additionally, the review of emails and financial statements uncovered unusual balances and potential instances of false invoicing.
As a result of the investigation, we’s team produced detailed summaries of key transactions, payments, and related parties, presented in reports, tables, and diagrams. These materials were designed to enhance the legal team's understanding of the complex financial issues at play. Furthermore, the team identified additional areas for investigation based on the unusual accounting practices and bank transactions discovered during their analysis. The comprehensive reports and supporting documentation were subsequently provided to the DOJ and FBI, aiding in the ongoing legal proceedings.