 Managing Director+44 207 029 5153
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EC3R 5BU
United Kingdom | | Richard is head of Kroll’s London financial investigations practice. He has 12 years experience in forensic and financial investigations. Prior to joining Kroll he qualified as a Chartered Accountant with one of the Big Four and has worked on many large and high profile investigations, including the corporate collapses of Parmalat Spa and Barings Bank. He has extensive experience of managing complex international frauds, multi-jurisdiction asset tracing and large accounting investigations including a number of investigations into alleged breaches of the Foreign Corrupt Practices Act. Richard’s investigations have covered a number of different industries and he has given evidence in the Singapore Supreme Court in relation to complex trading commodity fraud.
Professional Experience- Investigation. Investigating the theft of €50 million from a high net worth family based in the Middle East. This involved investigating how the fraud was carried out, tracing assets through a number of jurisdictions and developing a civil and criminal strategy, in conjunction with lawyers to pursue and recover the stolen funds.
- Accounting Irregularities. Investigating significant accounting irregularities and fraudulent transactions by the General Manager of a Turkish subsidiary of an international advertising company. This included analysing a number of complicated loan transactions with entities related to the GM, investigating a number of fraudulent invoices that had been raised, and assisting lawyers in preparing a civil claim against the GM for recovery of losses.
- Breach of Foreign Corrupt Practices Act. Conducting a major investigation into alleged breaches of the Foreign Corrupt Practices Act by the Indian subsidiary of a major US multi-national corporate. The project involved conducting extensive interviews with employees in India, supported by a forensic accounting analysis, and examination of electronic data and e-mails.
- Misappropriation of Assets. Investigating the alleged misappropriation of assets following the collapse of Parmalat Spa. The investigation involved reviewing cash flows out of the business and tracing their ultimate destination. Many destinations were offshore and hidden by complex corporate veils that required uncovering. The assignment also involved tracing assets belonging to the family outside of the company, and assisting in the preparation of claims against third parties.
- Fraud Investigation. Investigating the alleged misappropriation of US$130 million in a complex commodity fraud in the Far East. This involved rogue traders within an organisation colluding with external parties to defraud the company via a series of commodity deals. The investigation involved tracing assets in a number of jurisdictions including Hong Kong, Singapore, Malaysia, Taiwan, Switzerland, Caribbean and the US, and appearing as a witness in the Singapore Supreme Court.
- Banking Collapse. Investigating the collapse of Barings bank. The investigation involved, preparing an overview of the trading operations in London and Singapore, identifying how cash was moved between accounts and countries together with understanding how the movements were accounted for and tracing the final destination of funds. Analysing all of the bank’s trades and understanding who benefited from their loss making transactions, and preparing litigation against various third parties.
Certification- Qualified Chartered Accountant 1994
- Qualified as a Certified Fraud Examiner 1998
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