Fraud Investigation
Frauds are perpetrated in various ways and can seriously impact the financial health and status of a company or individual. The Oxford English dictionary definition of fraud is:
“A wrongful or criminal deception intended to result in financial or personal gain. A person intending or thing intended to deceive”.
Tort is defined in law as:
“A wrongful act or an infringement of a right (other than under contract) leading to legal liability”.
When frauds are committed by large organisations, rather than individuals, it is often referred to as corporate fraud. Frauds can be complex and protracted to investigate but are not inevitable and should not be tolerated.
Losses attributed to fraud vary widely but whether committed by employees or external entities can be identified, detected and prevented. At IPF we pride ourselves in our ability to conduct comprehensive and diligent investigations discreetly and professionally.
Whether by using technical, traditional or an amalgam of various techniques we can deliver the results that enable the victim to take the action they choose.
Asset tracing
Fraud and asset tracing enquiries often go hand in hand. Asset identification and location are essential elements in being able to recover losses suffered through fraudulent behaviour. Whether following a paper trail or developing intelligence led sources, preparing a full asset profile allowing for freezing, search and seize opportunities can lead to substantial recoveries for clients.
IPF has an impressive track record in asset tracing and has been involved in the discovery of multi million pound assets leading to the successful settlement of damages claims.
Due Diligence
There are various definitions of due diligence but all effectively include the requirement to undertake a process of investigation, into the details of a potential investment or acquisition, that should include an examination of operations and management and the verification of material facts.
Effective due diligence should provide the client with the assurance essential to proceed with confidence. Substandard enquiries can potentially expose the client to liabilities inflicting serious harm to finances and reputation.
IPF personnel have the knowledge, experience, expertise and skills to conduct your due diligence enquiries and provide the information enabling effective decision making.