Exiger’s financial investigators and forensic accountants have deep experience in the tracing and recovery of assets, borne of successful careers at some of the largest law enforcement agencies and consulting firms in the world. All financial frauds produce money trails, and Exiger’s professionals have made careers out of “following the money” and recovering significant proceeds from those frauds on behalf of victims. The ease with which funds can be moved around the world when coupled with the lack of transparency into the true beneficial owners of bank accounts creates unique challenges for each company that is defrauded.
Tracing assets in today’s world isn’t easy, but Exiger’s professionals have made careers out of “following the money” and recovering significant proceeds on behalf of victims of financial fraud.
But following the money in today’s world isn’t easy; it requires true expertise. Exiger’s financial investigators, who are experts in asset tracing, work with senior financial crime compliance experts who hail from some of the largest international financial institutions in the world. These experts have decades of exposure to money launderers who attempted to hide proceeds of crime and truly understand the use of complex, offshore shell companies designed to conceal ownership. Collaboration between Exiger’s worldwide financial investigators, compliance experts, and an unparalleled investigative team creates a uniquely efficient and effective approach to finding and recovering assets.
Exiger’s professionals also have deep experience working in foreign jurisdictions while fully complying with local regulations to identify and recover ill-gotten assets. Our skill set effectively lends itself to both public and private sector clients seeking to identify, freeze, and recover assets misappropriated and/or subject to forfeiture. We also have deep experience tracing assets for clients seeking to assess counterparties’ financial health before initiating potentially costly and time consuming litigation.
Our asset tracing efforts use the expertise of our capable research team, which includes more than 70 full-time researchers operating out of the U.S., UK, Hong Kong, and Singapore, who speak more than 25 languages at a native or fluent level. In fact, our public record expertise is a critical compliment to the asset-tracing assignments that our teams of financial investigators and forensic accountants tackle. Whether it’s mapping out the relevant connections of a subject’s social media network or establishing links through a complex network of overlapping entities, Exiger’s professionals use the latest visualization tools to assist with bringing clarity to these complex relationships.
In addition to research and financial investigation, asset tracing engagements often require insight or intelligence gathered from sources on the ground in jurisdictions around the world. Exiger regularly calls on its deep and diverse source network to help provide color and context to issues identified by financial investigators or through public record research.
Once we have identified hidden assets, we turn to the recovery phase. During this phase, we work with our experienced network of lawyers, investigators, and analysts throughout the world to ensure the necessary and legally sufficient steps are taken to freeze the funds, eventually returning them to the victims.
Asset Tracing and Recovery Case Studies
Medical Insurer's Missing Funds Recovered
An Exiger executive led an investigation on behalf of a private investment fund that had discovered assets missing from a recently acquired medical insurance company. The investigators traced the money using transaction information and intelligence gathered through public records research and interviews to uncover a large network of individuals involved in perpetrating the fraud.
Misappropriated Funds Traced in Libya
A client engaged an Exiger Managing Director to conduct an inquiry in response to the client’s mandate from the Libyan government to identify and recover assets misappropriated during the rule of Muammar Qaddafi. The executive spearheaded expansive research efforts encompassing the Middle East, Africa, Europe, the Caribbean, and Latin America to identify assets, relationships, and money flows. The project used visual analytics, coupled with state-of-the- art social media analytics, to uncover relevant networks.
Assets Found after Loan Default
An Exiger professional led an inquiry for a private investment fund that sought recourse in the U.S. courts to recover money related to an investment in a major foreign steel company that had defaulted on a loan and removed all personnel from the U.S. The investigators identified all of the steel company’s assets in the U.S. and other jurisdictions where recoverable assets were located, and assessed their value for potential seizure. The project involved the use of aerial photography, interviews, and research to identify a wide range of property, including real estate, industrial machinery, steel and other assets. The findings, which identified assets covering a substantial portion of the defaulted loan, played a key role in the court case.