Vendor Fraud

Situation:
Major health services client entered into purchase agreement for approximately $8 million of computer equipment and paid for the order in full upfront. After several weeks pass, client realized that the vendor in question had ceased business operations with no intention of returning client funds or fulfilling the order.

Approach:
Task Force deployed two consultants to multiple cities to investigate vendor operations, interview client and vendor employees, and track funds domestically and internationally.

Resolution:
After three days of interviews, it was determined that 98% of the funds were located in an offshore account. Task Force personnel coordinated investigative efforts with U.S. Federal Agents, client counsel, and foreign law enforcement and bank officials to effectively freeze the funds and document the situation for potential prosecution. Twelve days later a wire transfer returned 98% of the funds to client account.

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