At Strider, a financial crimes investigation is done collect evidence, to determine what has happened to the assets in question, and finally to help you get those assets back or support a lawsuit to do so.
Financial Crimes Investigation
If someone has committed a financial crime against you, they may have access to some of your personal information and communications.
Therefore, please contact us as discreetly as possible. Don’t tell anyone you are meeting with us unless there is a reason to do so.
We’ll make a plan together on how to address these and other issues.
Will / Inheritance Fraud
This is happening far more often than people realize. A caretaker, a family member, a lawyer or asset manager – all have opportunities to manipulate documents or people and direct financial benefits to themselves or others. If you believe you have been the victim of will or inheritance fraud, let us take a look at it for you. If it has happened, we can prove it and help you get those assets back.
Estate / Trust Malfeasance
Trustees and other professionals who have authority over the funds of another person are in position to manipulate transactions and steal without any kind of oversight. If you believe such a thing is happening, get your documents together and let us take a look. If it’s happening, we’ll figure out how and then help you get the best solution possible, whether that is to remove the trustee / estate guardian, build a case of financial fraud, or get those assets back.
Major Asset Theft / Loss
It can happen with a click or trick, where someone gets you to sign away an asset or by gaining some control of that asset, they send it somewhere else. Major asset theft is hard to detect until you happen to look at it. However it happened, don’t give up. Law enforcement will do what they can, but their specialty is not recovering lost or stolen assets. Call us as soon as possible and as discreetly as possible. We will get to work tracking down your assets.
When business owners trust others to manage their companies, they put incredible power in their hands. Even bookkeepers and administrative assistants can sometimes have the ability to steal or manipulate funds. To make matters worse, theft isn’t limited to taking cash. It can involve inventory, expense manipulation, even fake employees. We have been CEO’s and managers, so we understand how things work and can get to the bottom of whatever fraud or malfeasance is going on fast.
Business Transaction Fraud
Specific business transactions can represent enough fraud to damage or destroy a company. These transactions come in many forms such as M&A, major contracts, or even unnoticeable tiny transactions that eventually add up to millions. One advantage we have in this and in other types of fraud is that the numbers can’t lie. At the end of the day, A=L+E, for example, There is no getting around that. If you think you have been the victim of a business transaction fraud, call us and we’ll figure it out together.
Personal Transaction Fraud
Personal transaction fraud may be buying or selling stocks, bonds, a work of art, a property, or anything of significance. The number of cons and methods to trick or steal are countless. But the good news is that whatever assets you have lost have gone somewhere, and we just might be able to get them back. But it is necessary to contact us as soon as possible. Time is a major factor in recovery. On the other hand, if you are only concerned with proving a crime, sooner is better than later, but as long the documents are retained, we can still figure out what happened.
Here are some of the types of fraud that we investigate:
- Financial Statement Fraud
- Asset Misappropriation
- Intellectual Property Theft
- Financial Institution Fraud
- Check and Credit Card Fraud
- Insurance Fraud
- Health Care Fraud
- Bankruptcy Fraud
- Consumer Fraud
- Con Schemes
- Telemarketing Fraud
- Identity Theft
- Investment Fraud
- Affinity Fraud
- Ponzi Schemes
- Franchise Fraud
- Securities Fraud
- Money Laundering
- Tax Fraud
To Help you Better Understand What may be Happening, consider the 6 different types of financial predators
Which one are you encountering?
1) CON ARTIST – Con artists come in many forms and are as old as when humans first learned to speak. Some modern-day cons including using a relationship or the promise of a relationship to borrow money, selling a business service such as a roof with no intention of delivering, and raising money for “an investment” that is actually just the con artist’s personal bank account. Con artists are often smart about hiding their true identity, so they can “love ‘em and leave ‘em”.
2) GUARDIAN DECEIVER – Guardian Deceivers are people who play an official role in someone’s life and use that position of authority to steal. For example, in one case, the grandparents had set up a trust fund for their grandson’s education. The father made draws on the fund for “education” but used the money for his own enjoyment. Eventually the $100,000 trust was reduced to $5,000. Guardians do not have to be family members. They can be anyone entrusted with legal powers to watch out for a minor or someone who is incapacitated or elderly.
3) CARETAKER DECEIVER – These are non-family members who have a position of influence and sometimes near-total-power over the victim because they take care of them. Whether sick, injured, or old, anyone can end up dependent on someone who is non-family, even in a professional environment such as a hospital or senior living home. Caretaker Deceivers are more likely to use murder as a method than most of the other types. They also rewrite wills, steal jewelry and other assets, and take advantage of someone’s weakness or near death situation.
In one case a 45 year-old nursing home assistant modified the will of an 85 year-old client giving all of her client’s assets to herself. These assets were worth well over a million dollars.
4) FAMILY BETRAYER– Family members can be financial predators as well. These predators use other family members for their financial gain and take advantage of their unique position as family members.
They range from non-dangerous to very dangerous. For example in one family, after the death of a grandfather on a Texas ranch, several adult grand children went to the house and took paintings, dishes, jewelry and guns. They did this before probate began which made it difficult for the other family members to address it. Family Betrayers can also be violent. One 45 year-old man in Colorado murdered his grandparents to gain control of the family ranch. Sheriff detectives figured out what he did and arrested him, but how many times does it work and we just never know?
5) PRIVILEGED PROFESSIONAL PREDATORS (aka “Triple P’s”) – This type includes executors of wills, administrators of probate, trustees of trusts, and even professionals such as lawyers, doctors, judges, etc. Anyone who is in a privileged position whether permanent or temporary, has a unique opportunity to steal because of their access to funds and paperwork. They are especially dangerous from a financial standpoint because their crimes can be hidden and sometimes protected by official paperwork.
6) TRUSTED MANAGER/EXECUTIVE/WORKER (aka “MEW”) – While the amount of responsibility and trust may vary, this type works for the subject and because of that, they have access to money, assets, customers, accounts, information, and more that can be stolen, manipulated or mis-used. If the company is successful, it makes it harder to identify when this is happening, but it’s still do-able. Normally business owners become aware only when the business gets into trouble.
Knowing the six types of financial predators will help you understand what might be happening, what could happen, and what might have happened. And if you can’t figure it out or are unsure what to do, give us a call. We’ll deal with them for you.