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Performance Bond Fraud

A local financial institution was the victim of significant performance bond fraud. Through various investigations, the company was still unable to secure any evidence or any way to properly obtain information on the suspected fraudster. This prevented the bank from determining how much had been stolen, or any way to freeze the stolen assets. It was then that the financial institution turned to CRI Group.

After investigating, the CRI Group team learned that the suspect had performed bond fraud on several occasions, with numerous companies over many years. CRI Group’s investigation led them to another victim of the fraudster, who had abandoned his claim. With this new evidence and additional investigative work, CRI Group made it possible to freeze the suspect’s assets. The team was then able to search two locations the suspect occupied in London where they found substantial documentation that supported the claim.

With this new evidence and documentation, CRI Group could then access the necessary information from third parties to support the bank’s claim that their suspect had, in fact, been the criminal behind the performance bond fraud.

CRI Group saved this financial institution from a huge potential loss with its team of Certified Fraud Examiners, corporate attorneys and chartered accountants.

Investigations of Misconduct / Malpractice

A large pharmaceutical company suspected that it was being victimized by employees of one of its business units. The claims ranged from false sales targets and misappropriation of company assets, to fake medicine samples for physicians and inappropriate compensation to chemists and stockists.

CRI Group was engaged to investigate these claims of misconduct and malpractice. With a team that consisted of a Certified Fraud Examiner, an investigative supervisor, additional investigators and the client’s regional head of security, the group conducted a series of investigative interviews, discreet investigations and asset-searching of the employees in question.

The ending result was that CRI Group and the company’s corporate security office worked hand-in-hand to eliminate the wrongdoings within the organization, ultimately saving the company from significant loss and any further employee malfeasance.

Fake Invoices and Purchase Fraud

A large United States pharmaceutical company was facing two significant fraud cases with one of its primary business units. The company: (1) suspected that the business unit was creating false billing of purchases on bogus invoices, and (2) that the business unit was fraudulently diverting its products.

A CRI Group team that included a Certified Fraud Examiner and a forensic accounting staff was engaged to begin a forensic audit of the business unit in question. Their research indicated that there had been a huge number of fake invoices and bills coming from the business unit. Further investigations and physical verifications revealed that these employees were purchasing costly gifts for doctors in an effort to promote the company’s products – unknowingly costing the company significant funds.

In addition, CRI Group sent an undercover agent to pinpoint locations where the company’s product stock was possibly being diverted and sold on the open market. The agent not only found the product’s location, but was able to seize a dramatic amount before it went to sale.

Pre-Employment Screening (Background Investigations)

CRI Group has been providing background investigations and pre-employment screenings worldwide since 2001. During that time, the company has carried out thousands of identity, criminal history, civil litigation, education and previous employment verifications.

It is not uncommon that CRI Group discovers applicants falsifying information on their resumes and job applications. During a recent pre-employment screening project by CRI Group, the company came upon a gentleman who claimed to be a college-educated, software engineer who previously worked for a public agency. Through further investigations by CRI Group, it was discovered that the applicant never attended college, had no such qualifications and, by no means, ever worked for a public agency.

Often times, the research found by CRI Group during pre-employment screenings can assist not just employers, but law enforcement as well. After performing a criminal history check for a Vietnamese company, CRI Group discovered that one of their applicants was more than just an impostor – he was a wanted fugitive. Furthermore, the information found on the applicant showed that he was apart of a terrorist group that was wanted in Thailand for a failed plot to bomb the Vietnamese embassy.

Investigative Due Diligence

CRI Group was hired to conduct a discreet investigation on ABC Holding, a company based out of the Kyrgyz Republic. The primary goal was to assert the existence, legal status and business reputation of the company. Additionally, CRI Group was charged with confirming ABC Holding’s experience and ability to perform construction projects in the field of water system buildup and repairs.

From the beginning, it became clear to CRI Group that information about ABC Holdings was difficult to find and not readily available.Telephone numbers in the Kyrgyz Republic are changed frequently, while communication lines are often not available. It became apparent that not even local authorities or government offices had information on the company. As a result, CRI Group pulled its resources and relied on remote research by employing the help of local assistance.

CRI Group investigators narrowed their search down to a local office of an international funding agency. Research revealed that not only was ABC Holding financed for more than a million U.S. dollars, but it was directly subordinated to the National Ministry of Agriculture and Water Resources.

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