Seminar on Fraud and Asset Recovery at Allen & Gledhill LLP

We would like to thank Allen & Gledhill LLP for hosting a seminar on Fraud and Asset Recovery with Juval Aviv and Benjamin Kunde at their offices in Singapore. If you would like to learn more about our security and investigative services, or if you would like us to host a seminar at your firm , please call our office at 212-605-0375, or visit our website at https://lnkd.in/gHgTSYF

 

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Seminar on Fraud and Asset Recovery at Allen & Gledhill LLP

Seminar on Fraud and Asset Recovery at Howse Williams Bowers in Hong Kong

Last month, Juval Aviv and Co-Speaker Benjamin Kunde hosted a seminar on Fraud and Asset Recovery at Howse Williams Bowers in Hong Kong for the firm’s employees.

If you would like to learn more about our security and investigative services, or if you would like us to host a seminar at your firm , please call our office at 212-605-0375, or visit our website athttp://www.interforinternational.com/

Seminar on Fraud and Asset Recovery at Howse Williams Bowers in Hong Kong

Investigative firms can help banks stem fraud and money laundering

Bank fraud

There are 2 major reasons for a bank to use an outside investigation firm:

1) to comply with “Know-Your-Client” provisions

2) To ferret out and prevent bad loans

“Know-Your-Client” provisions while not mandated by law, are an essential way for banks to prevent themselves from being implicated in money laundering and approving bad loans.

Unfortunately, most banks cannot trace the source of funds that foreign investors want to deposit. Specialized investigation firms, however, have the resources and dedicated personnel to conduct advanced money tracking activities. Therefore, banks can use investigative services to ensure that they obtain thorough, accurate background information about their overseas clients, as well as about those in the United States.

As for bad loans, the services of an investigator are vital when an institution tries to collect its monies and is concerned about the debtor defaulting or when the bank has obtained a judgment for collection. The debtor may have filed for bankruptcy or may have threatened to do so, and hidden assets in an offshore “safe heaven”. Or he or she may have taken the loan with the premeditated idea of not repaying it. In either case, the ideal time to hire an investigator is during litigation, before the debtor has been able to move assets offshore.

If you would like to learn more about our security and investigative services, or if you have a specific matter you would like to discuss, please call our office at 212-605-0375, or visit our website at http://www.interforinternational.com/

Investigative firms can help banks stem fraud and money laundering

Due diligence of a prospective partner

joint-venture-with-a-privately-owned-financial-services-company

A major US corporation was considering a joint venture with a privately-owned financial services company. Interfor was retained to handle a due diligence investigation of the owners of the prospective JV partner. The investigation uncovered a 20-year history of litigation involving allegations of fraud, negligence, misrepresentation, breach of contract, unfair business practices, civil RICO violations, deceit, conspiracy and breach of fiduciary duty. Interfor provided the client with this long-term history of troubled relationships and clouded ethics, which induced the client to adjust the terms of the relationship to better serve its interests.

If you would like to learn more about our security and investigative services, or if you have a specific matter you would like to discuss, please call our office at 212-605-0375, or visit our website at http://www.interforinternational.com/

Due diligence of a prospective partner

White-Collar Crime

White-Collar Crime

Interfor was retained, prior to criminal proceedings, by a leading law firm representing a consortium of financial institutions, banks and insurance companies that were defrauded through a deliberate scheme perpetrated by executives of a company that resulted in losses of over 4 billion $. Interfor’s task was to proof that the fraud had occurred and to find the hidden assets that were siphoned out of the company by the executives. Through our team of fraud examiners, investigators and confidential sources, Interfor uncovered the trail of funds from the US through the Caribbean and Far East leading eventually to bank accounts in Europe.

Interfor was then able to link the executives to the fraud through intelligence gathering. The link was provided by monitoring the executives’ lifestyles and demonstrating that the executives were “in touch” with the suspect accounts in Europe. Using this intelligence, Interfor then orchestrated a comprehensive pretext operation that obtained an admission of the embezzlement scheme from one of the executives.

White-Collar Crime

The Big Bank Con-$4.6 Billion

Gold bars

In New York in 2013, two con men posing as gold traders from India conned a reputable law firm into representing them, and then using that connection, managed to secure a staggering $900,000,000 loan from JP Morgan with which to trade. But they didn’t stop there. They then hosted an exclusive event and issued a 30 day deadline to other investors who attended. Within that month, they had raised a staggering total of $4.6 Billion.
Then, they disappeared and the money vanished from the account.

Hired by the bank, Interfor tracked them to Dubai and set up a sting posing as a new potential investor. Through recorded conversations and using Interpol contacts to track the money, Interfor managed to identify $3 Billion – and the con men are now behind bars.

If you would like to learn more about our security and investigative services, or if you have a specific matter you would like to discuss, please call our office at 212-605-0375, or email us at info@interforinc.com

The Big Bank Con-$4.6 Billion

New Investor Scams

Investors are constantly under the threat of being taken in by fraud.  Whether it’s an internet related scam or a Madoff style Ponzi scheme, there are many ways that fraudsters are trying to get at your money.

Threats among the North American Securities Administrator’s Top 10 include:

Crowd funding and internet offers.  There is little to no regulation of this type of business and NASAA has noted more than 1600 new domain names related to crowd funding.

Bad advice from investment advisors.  Many advisory firms have come under state supervision recently and have been found wanting.  State actions against these firms has nearly doubled in the last year.

Self-directed IRAs.  You can use money from a self-directed IRA to invest in property or a small business.  There are a lot of scams going where investors are putting their money in plans that aren’t backed by real properties or legitimate businesses.

As always it is important to do due diligence before you invest.  You need to know the companies and the people that run them.

New Investor Scams