The client, an apparel manufacturer, commissioned an investigation to find out who was behind a spike in the short-selling of its shares and why. The investigation succeeded in identifying one hedge fund and, through a series of discreet contacts, uncovered that the hedge fund had been in contact with a finance executive whom the client had recently fired and who had turned over confidential financial data that he had removed from the company prior to his departure.
Compliance solutions for pandemic-related fraud risks
When the COVID-19 pandemic struck the US in March 2020, office environments, supply chains and traditional ways of doing business evaporated in mere weeks....