Fraudulent Scheme

The client was in possession of a very significant judgment against an individual and a target company (both Romanian), and needed to identify any tangible and recoverable assets, including bank accounts, and understand their value.

Due to the nature of the enforcement orders, the areas of focus for the client’s recovery efforts were physical assets in Romania, and financial products and bank accounts in USA and Europe. A thorough search of limited access databases quickly revealed several small companies of significant value, along with several other tangible assets of value, including real estate in Europe. Following this, Infoprimus Global Security performed an initial mapping of all relevant entities and companies, and identified several new companies within the subject’s company structure.

Infoprimus also created a short-list of companies that the subject was believed to hold significant numbers of shares in, but that do not release any information regarding shareholders. Furthermore, Infoprimus identified several individuals that were well positioned to provide information on the subject’s financial holdings. Using our proprietary combination of deep-web intelligence collection, human intelligence, and social engineering techniques, Infoprimus established that the subject held significant numbers of shares in two previously unknown companies with value in the tens of millions.

Using the previously created map of key players, and intelligence gained from the individuals identified by Infoprimus as having knowledge of the subject’s financial holdings, Infoprimus constructed an intelligence dossier sufficient to obtain Intermediary Bank Discovery subpoenas against 23 target companies. Infoprimus managed the discovery process from beginning to end, processing and analyzing all data received – which was well over 700 separate bank transactions. As a result, over 20 new bank accounts were discovered, and the movement of over 200M Euros was tracked.

Further to this, several new companies that were eligible for recovery efforts were identified. Infoprimus also revealed fraudulent transactions that provided the basis for piercing the corporate veil in Romanian courts, allowing for the addition of further defendants to the judgment.