Fraud Investigation

Fraud Investigation

Investigation is the science of uncovering the facts and determining the relay of events. It includes a series of steps from search conduction, detection, documentation, evidence collection, preservation followed by interrogation and interview. An investigator should be attentive to details and must be capable of interpreting the various evidences at the crime scene as physical evidences don’t err only the lack of skill leads to misinterpretation.

“No man can hope to find out the truth without investigation”- George F. Richards

services provided:

Theft Investigations: The term Theft Investigations, as you might have guessed, covers a huge category as well as many possible scenarios like theft of property, theft of time, theft of services and others.

Marital Investigations: Do not take chances with your health, finances or security. If you suspect a problem in your relationship, do the right thing and get help. Cheating spouses or lovers present a no-win situation for a relationship and often, the cost of infidelity goes far beyond simple heartbreak. Unfaithfulness ruins countless relationships. The investigations help people who suspect that their mate might be cheating on them, potentially compromising health, safety and future happiness, in the process.

IPR – Investigations: helping clients to value and enforce their intellectual property rights in a range of contexts – transactions, licensing, tax planning, financial reporting and regulatory reviews, as well as disputes. Our IP investigations team conducts royalty investigations on behalf of licensors to help assess the completeness of licensing income returns. We also work with licensees to help quantify their potential exposure or rebut allegations of royalty underpayments.

Pilferage Investigation: Insolvency of fraud is more dangerous than theft for the mere fact that at times it is not discernible. It is not only financial loss but also a mental agony that tends to lead to many other avoidable problems. This investigation involves breaches of trust, misappropriation of funds, inventory losses, employees' related thefts, illegal commissions, willful omissions and disclosures of classified information.

Supply chain Frauds: If Supply chains are bigger, and more complex, and present more opportunities for fraud. Businesses with complex supply chains employ more people than banks do, and it's a lot easier to get a job as a receiving clerk or a warehouse worker than it is to get a job as a hedge fund manager which requires degrees, certifications, and experience. Complex supply chains usually have lots of holes where fraud, if kept to a value that is small relative to the value of goods that flows through the chain (which often have a value in the hundreds of millions of dollars over the course of the year), can often be committed in a manner that will be undetected. There are lots of opportunities for repeat occurrences.
Our approach not only focuses on compliance with regulatory requirements and industry standards, but it also seeks ways to recover overpayments and other sources of profit leakage across your supply chain — money that can help improves profit margins and bottom-line performance. Traditional approaches often focus primarily on structured data analysis, such as transactional accounts payable information. However, we reach beyond that by leveraging advanced text analytics and data mining techniques to uncover a wealth of information in unstructured data sources, such as invoices, emails and other supporting documentation. By using an integrated dataset, including both structured and unstructured data, we can apply rules-based, inductive and visual techniques to help clients identify potential indications of schemes or scenarios and develop models that depict or describe historical events.

Organized financial frauds: One of the most unsavory aspects of globalization and a growing economy is the aspect of white-collar crime. These financial frauds include forgery, money laundering, bribery, conflict of interest and embezzlement.
Financial documents, conduct audits, examine ledgers, invoices, receipts, reports, are analyzed and recorded to identify discrepancies and/or identify areas in which standard accounting procedures have not been used, speak to customers to verify transactions, speak to employees to determine if other employees or the organization as a whole has taken part in fraudulent and/or questionable business activities, speak to employees to determine if there have been problems with an organization’s accounting or the way that the organization monitors its finances, and perform other similar tasks.

Kick-backs Investigation and related: Of all the different types of white-collar crimes, kickback schemes are among the toughest for forensics specialists to detect and investigate. One of the best ways to detect a potential kickback scheme is through data analysis.
Software can hunt down irregularities in pricing or quantities, and can analyze the frequency of purchasing from vendors. A higher than normal cost of raw materials from one or more vendors or an unusually high volume of purchases from one vendor can signal a problem. It is important to analyze trends in spending and look for explanations for increases and decreases. Look for irregularities in inventory accounts, including excessive write-offs, which may be used to cover up for overpayments.