Members of the CRA team lead the investigation into an alleged fraud involving a $300m take-private transaction. As part of our assignment, we researched the counterparties held out by the acquisition target as providing millions of dollars in customer revenue. The investigation revealed that the names of the counterparties were fabricated, the locations were non-existent, thus proving that the management of the acquisition target created the transactions to artificially inflate the company’s value. Our findings were presented to the DOJ, SEC, and FBI who continue to investigate.
Data analytics, machine learning, and investment compliance
Financial institutions that employ investment advisers to manage client portfolios and regulatory authorities that monitor those advisers have not fully...