Investigative Business Solutions

Corporate Fraud

(Including Financial Crime Investigations & White Collar Crime Investigations)

Corporate Fraud cases investigated by IBS include the following:

• Falsification of financial information
• Self-dealing by corporate insiders
• Fraud in connection with otherwise legitimately operated mutual funds
• Obstruction of justice designed to conceal any of the above types of criminal conduct

Witness Location/ Recorded Statements

IBS locates interviews and records statements of witnesses upon request to be used in legal proceedings, etc.

Copyright/Trademark Infringement

IBS investigates improper and illegal use of a companies copyright or trademark.

Courthouse Research

IBS offers in person research at courthouses. The research includes civil suits, liens, judgments, bankruptcy filings, real estate transactions, asset searches, tax records, etc.

Pre-employment & Vendor Screening

Due to the cost associated with making poor hiring decisions, employees no longer feel secure in relying only on their instincts as a basis for hiring. There are many reasons for employees to screen potential and current employees.

• Negligent hiring lawsuits are on the rise.
• Current events have caused an increase in employee screening.
• Child abuse & child abductions in the news have resulted in almost every state requiring backgrounds for anyone who works with children.
• Terrorist Acts of September 11, 2001 have resulted in high tech security and identity verification of employees
• Corporate Scandals
• False or inflated information supplied by job applicants
• Regulatory requirements in certain industries demand backgrounds/due diligence are completed to ensure compliance with the law. Industries such as financial services, transportation, law enforcement, child and elderly care all have regulations demanding due diligence.

Health Care Fraud

IBS investigates fraud committed against health care institutions and fraud committed by employees of Health Care facilities. Through 2006, 2423 cases of health fraud investigated by the FBI resulted in 588 indictments and 534 convictions of Health care fraud criminals. Many cases are pending plea agreements and trials.

Health care Fraud 2006:

• $373 million in restitutions
• $1.6 billion in Recoveries
• $172.9 million in fines
• 24.3 million In seizures

Securities & Commodities Fraud

IBS investigates executives and employees who have misappropriated investors funds and assets. Investigations by IBS also include traders who manipulate the price of a commodity alone and or conspire with others to manipulate the price of a product.

Insurance Fraud

IBS investigates insurance fraud committed by individuals supplying false information on claims, applications, including policy holders, fraud committed by employees of insurance companies and vendors of insurance companies. Following Hurricane Katrina, the American Red Cross established a national call center in Bakersfield, California to process and disburses relief funds to victims. They noticed a large amount of disbursements in the Bakersfield area. It is estimated that $5,000,000.00 was lost due to fraud committed by workers at the call center. A total of 73 people have been indicted in the case, including 24 Red Cross contract employees.

Due Diligence

Background Investigations

Employee Theft

Asset Searches/Recovery

Foreclosure Fraud Investigations

IBS provides verification of the information submitted in the origination of the mortgage loan package. This investigation will expose fraudulent information such as no job, no income, fictitious names, numerous property sales, fraudulent social security numbers, and fraudulent appraisals, etc.

Appraisal Investigations

IBS will investigate the appraisal development and reporting for both compliance with the Uniform Standards of Professional Appraisal Practice and Credibility. These issues are critical to determining appraisal liability.

Mortgage Fraud Investigations

IBS provides a pre-mortgage verification of the information reported in the loan application to assist in preventing mortgage fraud.

Real Estate Sales Investigations

IBS will verify the information submitted in contracts and documents in the sales process, such as the of the authenticity of the buyer, seller, and financial statements.

Real Estate Title investigations

IBS will verify the information developed in the title search process.

Asset Location of Real Estate Judgements

Real estate Judgments are seldom pursued due to the debtor concealing assets. IBS is capable of asset location both nationally, internationally, and offshore.

Real Estate Fraud Investigations

Appraisal

- Use of the Uniform Standards of Professional Appraisal Practice and accepted appraisal methodology to determine the credibility of an appraisal report.

Mortgage

- Extensive research and verification of information provided to the originator and funding source within the loan process.

Real Estate Sales

- Extensive research and verification of the information surrounding the development of a real estate sale.

Title

- Extensive research and verification of information developed in real estate titles.

Commercial Construction Fraud

- Forensic accounting, extensive research and verification of information associated with development and construction as well as asset searches for judgment satisfaction.

Trial and Deposition Services

- We assist our clients in the development of deposition and trail strategies unique to the Real Estate Industry.