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Case Studies

When a European based internet gaming company learned that their client data had been compromised and the hackers were demanding a mid-six figure ransom. The company retained FRGi to assist in assessing and mitigating the damage. Over the period of five days we were able to negotiate with the hackers, identify the method used to hack the data and locate and retrieve or at least neutralize the data.

Assets Deployed: Computer For...

A client in the UK had entered into an agreement to acquire a company in the U.S. As part of the agreement the Client had made loans totaling $1,000,000 to the Company being acquired. Prior to completing the transaction the Client began to have concerns and engaged FRGi to investigate the Company. We initially visited the company under the cover of performing due diligence. We soon discovered that the Client concerns were well...

An east coast based mortgage lending business filed for Bankruptcy in 2003 listing in excess of $400 million in debt. FRGi was appointed by the Federal Court to assist the U. S. Trustee in the location and recovery of assets, investigation of the principals of the Company with respect to corporate governance issues and computer forensics issues. During the course of the 18 month investigation FRGi interviewed more than 100 wit...

A UK company engaged FRGi to conduct Due Diligence on their behalf to aid in the acquisition of a medical equipment manufacturer with operations in the US and abroad. During the course of the engagement we reviewed the target company's books and records, analyzed the market for its products and reviewed its products for compliance with US FDA regulations. During the review we discovered a number of supply contracts that were e...

A number of European and Asian clients regularly engage FRGi to conduct preliminary due diligence of US businesses and manufacturing facilities that are potential contract partners or acquisition targets. We regularly conduct reviews of the target business including legal, regulatory and financial background as well as identifying and profiling principals and customers.

Assets Deployed: Data Research and Services, Related Party...

We were recently referred to a U.S. based pharmaceutical company by their outside counsel. The Company became aware that a dozen company checks or reasonable facsimiles thereof had been cashed at different branches of their bank over a two day period. We responded to the Company offices within 24 hours, conducted interviews with employees and bank personnel, reviewed the checks in question and determined that someone had acces...

In early November 2015 we were engaged by a midwestern bank to assist in managing and recovering a failed $16.8 million loan that failed within 18 months of issue. We were referred to the Bank by one of their Board Members with whom we had recently conducted work for. Prior to that referral we had no knowledge of the Bank or them of us. Within two hours of our initial telephone conversation we were retained by outside counsel...

In early 2015 we were engaged by a UK based associate to assist in investigating a series of private investment research reports that caused the market cap of the Clients publically traded securities to drop by more than 40% in little more than a month. During the course of the engagement we traced the identity of the individuals behind the research firms, researched the global short positions in the securities and were able t...

In 2014 FRGi was appointed as Receiver, by the South Carolina Superior Court, in a failed $20 million resort development project. This matter is ongoing and FRGi is responsible for marshalling assets of the entity as well as those of three guarantors. This assignment includes reviewing tax filings, taking depositions and providing accounting services. This has proven to be a highly profitable, highly expandable segment of the...

In 2011 the minority shareholders a world renowned resort island on the east coast of the U.S. sought to enforce their minority shareholder rights. In addition to the resort property, the company operated a golf course in Europe, a marina in the Caribbean, and engaged in resort community development in multiple jurisdictions. FRGi was initially tasked with identifying the assets of the Company and their related debt, analyzing...

In 2014 a minority shareholder in a mega yacht marina project retained FRGi to act as their forensic accountant / litigation support consultant in the matter. This matter is ongoing and, thus far, we have provided research and human intelligence reports, participated in mediation and document production and have reviewed years of audits and tax filings in support of the Client's claims in this $50 million plus matter.

Assets De...

Between 2010 and 2014 FRGi was retained by a party (Defendant) in a $1.5 billion suit brought by a Sovereign Wealth Fund seeking to recover claimed losses from a number of defendants including several multi-national financial institutions. During the course of this engagement we conducted extensive background investigations of related parties, traced numerous off-shore business entities and transactions and conducted physical...

In 2014 FRGi was retained by a large U.S. based medical practice, at the suggestion of their auditors, to review and report on a suspicion that a former employee may have misappropriated in excess of $25,000. Our initial review of accounting systems and bank records revealed that the employee had in fact embezzled in excess of $260,000. We referred the matter to law enforcement and coordinated the investigation, resulting in t...

In 2010 FRGi was retained by a luxury brand car dealer with multiple locations to assist in the investigation into possible embezzlement by an employee. Working virtually around the clock for two days it was discovered that the suspected employee had indeed forged checks, altered business records, set up numerous d/b/a accounts and directed a significant portion of the embezzled funds to purchases from another dealer. Further...

In 2001 a major US Mortgage Bank found that it had been defrauded out of more than $8,000,000 by a group that included a former employee. The Bank engaged a major east coast Law Firm who in turn engaged FRGi to conduct the investigation. During the course of the investigation, which lasted some 14 months, we identified, located and interviewed witnesses, reviewed more than three hundred property transactions, conducted physica...

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