CASE STUDY #1
Global Fraud & FCPA Investigation for a Fortune 100 Company
Through Special Counsel
The new CEO of the company decided to investigate all corruption, fraud and other similar issues throughout the organization. It hired special counsel to conduct an internal investigation looking into allegations of financial statement manipulation and misappropriation of assets.
Working on 4 continents, UHY Advisors had 100 consultants in the field over a 12 month period investigating the allegations of wrongdoing. We interviewed divisional, as well as corporate officers, analyzed transactions impacting net income, and investigated theft of assets by corporate officers. In addition, during the course of our investigation, we uncovered instances of suspect payments made to secure contracts.
UHY Advisors identified numerous instances of earnings manipulation, diversion of corporate assets for the personal benefit of corporate officers, and instances of improper payments being made to secure contracts. As a result of our investigation, a number of rogue employees were terminated and several of the corporate officers are currently serving substantial prison sentences.