Recovering Losses Under Fidelity Coverage

We have assisted clients in recovering losses caused by employee acts of dishonesty, acting as both an independent, third-party neutral between the Insured and the Carrier, as well as working directly on behalf of the Insured.

• Managed a team of forensic investigators looking into suspicions of embezzlement involving an employee at a domestic pipeline company. Identified approximately 12 vendors that participated in a range of billing schemes over several years, allowing the suspect employee to receive a substantial number of kickbacks from these vendors. Our investigation involved a review of substantial amounts of emails, financial data, and other relevant data sets. In addition, our work resulted in the company recovering several million dollars under its fidelity coverage.
• Investigated claims of self-dealing and embezzlement for a mining company with operations in South America.  Uncovered a pervasive multi-year scheme involving more than two dozen employees and 60+ ghost vendors that resulted in losses in excess of $10 million.  Prepared a report of findings and assisted the Company in recovering policy limits under its fidelity coverage.
• Conducted investigation concerning allegations of embezzlement involving the property manager for a 5,000 unit residential community. Investigation involved a review of substantial amounts of financial data and other relevant data sets. Prepared a report of findings and assisted the Company in recovering policy limits under its fidelity coverage.