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 this individual.
The investigation faced challenges due to the large volume of disordered and incomplete documentation provided by the client, 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 funds tracing exercise was conducted to track 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 compiled detailed summaries of key transactions, payments, and related parties, presented in reports, tables, and diagrams to aid the legal team in understanding the complex financial issues at hand. The findings also led to recommendations for further investigation into unusual accounting practices and bank transactions. The comprehensive reports and supporting documentation were subsequently submitted to the DOJ and FBI, providing critical insights into the financial irregularities associated with the case.