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 accessed data transmitted to the bank on the Company’s positive pay system, created forgeries of Company checks and cashed them with forged ID. We were subsequently engaged to conduct a review of the Company’s accounting and banking policies and made recommendations to tighten security and procedures.
Assets Deployed:Forensic Accounting, Related Party Interviews, Law Enforcement Cooperation and Financial Research