Case Studies

Fraud Investigation

Brief

De Vere Intellica was approached by a leading firm of International Lawyers on behalf of their client, a UK based Funder. The funder had had a relationship that had gone into Administration and they were faced with a significant shortfall on the collect out of the ledger.

Work Undertaken

Having been tasked with putting the pieces together and having received information from the Insolvency Practitioners, ledger collection team & Lawyers involved in the case we were able to quickly put together a narrative which indicated that prior to insolvency the company in question had been ‘taken over’ by two or possibly three known fraudsters. Each of the fraudsters having previously featured on UK national television, served time in jail and likely to be the subjects of ongoing Police investigations. With their involvement it was calculated that in excess of £500,000 of stock had been stolen and delivered to addresses connected to the fraudsters.

Outcome

It appeared that the Directors had knowingly allowed the company to be taken over and as such were to be pursued by the Funder for the shortfall in collections from the sales ledger