Fraud Investigation for Technology Company

  • Background
    A multinational technology company engaged Veracity to assess the validity of allegations of fraud by senior members of its Chinese staff.
  • Action
    Veracity reviewed the client’s principal sales agent and discovered that it had a limited operational capacity in the sector, inconsistent with the extensive services it claimed to provide. Veracity completed a review of the general risks of the sector and of the client’s key customers in China, identifying several irregularities, including one customer who acted as conduit for corrupt payments. Veracity assisted the client in formulating an overall strategy for its fraud investigation, providing active guidance and advice and participating in negotiations with Chinese counterparties and stakeholders.
  • Results
    Using the evidence gathered by Veracity, the client secured an admission of guilt from the parties involved and recovered the funds lost in the fraudulent scheme.
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