CRA’s Risk, Investigations & Analytics (RIA) team was retained by a law firm representing an Asia-based client caught up in an international trade fraud.
The client had paid over $21 million for goods that were never delivered by South American brokers living in the US.
CRA’s investigation uncovered dozens of shell entities in the US and South America, along with over $15 million in luxury vehicles and real estate purchases subsidized by the client’s payments. RIA’s forensic accountants examined the financial statements and bank account records provided in discovery, uncovering millions of dollars in fraudulent transfers to the suspects and related entities and individuals. This ultimately helped counsel secure a $25 million judgment.
To read a Q&A between Vice President Lisa Dane (from the Risk, Investigations & Analytics practice) and Troutman Pepper Locke partner Mike Wolak about the two firms’ recent collaboration on this case, click here.
Read more about CRA’s involvement on this case here.
