Financial investigations and forensic inquiry

Financial investigations

One of the most serious menaces that business faces today is corporate fraud. This factor long ago proved to be a considerable threat for any business. If such menaces are not timely revealed, fraud can undermine even the most sustainable business.

2009 activity of Stanford Financial Group cut off. Allen Stanford, Stanford Financial Group Chairman (in 2008 World Finance magazine still announced Allen Stanford “man of the year”) managed to misappropriate 8 bln. USD of his investors, selling to them securities with no insurance deposits, while persuading them of the contrary;

2009 collapse of the largest in history financial pyramid, Madoff Investment Securities. Its President, Bernard Madoff, a former chairman of the board of directors of the Nasdaq stock market, concealing the real situation in his company, managed to deceive his investors for around 50 bln USD;

2008 a major European bank, Societe Generale looses over 7 bln EUR because of fraudulent activities of its employee. Credit rating of the bank plummeted, shares price got cheaper sharply;

2006 fraudulent actions in terms of reporting, unconscientious transactions brought to insolvency Enron corporation, major USA energy company;

2005 management fraudulent activities resulted in insolvency procedure of Parmalat, leader in the field of production of food;

2002 fraudulent activities of manager caused insolvency of a major USA communication holding, Worldcom.

Corporate fraud is also used during raids. It is far not always favorable to engage law-enforcement agencies. Investigation of corporate fraud requires combination of confidentiality, professional proficiency, deep expertise in economics, law, and criminalistics.

These are the qualities specialists of Financial Investigations Group, run by Alexander Sotov, possess. We will help you handling complicated situations, we will timely reveal fraudsters, we will protect your business from takeover and corporate blackmail.

Services in the field of financial investigations

• >  Asset tracing.
• >  Search for evidence to be produced in court.
• >  Investigations into mala fides and other illegal acts committed by staff, counter-agents and other parties (fraud investigation).
• >  Protection from raids.
• >  Fraud prophylactic.
• >  Introduction of security systems in enterprises

We guarantee:

• >  Absolute confidentiality
• >  Application only of legal methods, which allow using of collected evidence in trial
• >  Use of modern technologies when investigating physical evidence

Help to officials in defense at criminal cases connected with economic activity and tax litigation

• >  Defense and representation of officials by FBK Legal lawyers during criminal investigations
• >  Preparation of expertise for criminal case records

Forensic Inquiry

Task of courts is to apply law norms on the basis of actual circumstances. If the parties to proceedings have disputes, and the court has some doubts regarding circumstances of the case, then there is a necessity for expertise.

Economic operations and economic conditions of subjects’ activity are researched within the limits of forensic inquiry.

Expert report is usually the main evidence for the case. Unprejudiced expert opinion provides fair and lawful court decision.

Procedural legislation allows FBK Legal engagement as an expert institution. FBK Legal employees may participate in legal procedures as experts, specialists and leading witnesses.

We have:

• >  Knowledge in the field of taxation, accounting reporting, valuation, international accounting reporting, audit, economic and financial law.
• >  Experience of participation in arbitrage, civil and criminal proceedings.
• >  Experience of expertise in arbitrage as well as criminal proceedings concerning economic crimes.
• >  Ability to collect necessary market information.

• >  Complete confidentiality when working with materials of the case.
• >  Prevention of conflict of interests of FBK clients.
• >  Maximum satisfaction of client’s requirements within limits of law.

Services in Forensic Inquiry:

Tax Litigation Services

Civil Litigation Services

Criminal Litigation Services

Examination and Interpretation of Regulatory Acts

For more information on our financial investigation services, please contact Alexander Sotov.

Financial Investigation Projects

Forensic Inquiry Projects