The Infortal Blog

How to Conduct a Risk Assessment to Avoid the Consequences of Money Laundering

When preparing to hire an executive, form a partnership, acquire another company, or even hire a vendor, you need to do a full risk assessment so you know what potential dangers your company faces. This allows you to make an informed decision about whether the rewards are worth the risks. Make no mistake: while some […]

What is the Difference Between Basic and Deep Dive Due Diligence?

Imagine hiring a new executive only to find out that they were involved in a serious crime, have a major conflict of interest, or have a history of suing the companies they work for. Once the ink is dry on their contract, it’s too late to easily change your mind without some type of cost […]

The Importance of Due Diligence in Executive Search

When an executive leaves a company, it creates a vacuum. Often, an entire division of the company is left without executive leadership. The CEO or board has lost a trusted expert to provide advice and guide the company’s operations, finances, HR, technology, or other area. However, the company should never rush the search for a […]

Identifying the Three Main Levels of Due Diligence

On May 9, 2022, Jorge Gomez joined Moderna, maker of the COVID-19 vaccine, as their new CFO. Gomez was fired just one day later when it was found out that he was the subject of an internal investigation by his prior employer Dentsply Sirona. Gomez’ brief stint at Moderna cost $700,000 in severance pay to […]

The Most Significant Consequences of Insufficient Executive Due Diligence

According to common practice, a strong compliance program focuses on policies, employee training, books and records and internal controls, onboarding questionnaires and risk ranking of third parties, with a little investigative due diligence at the end. Company compliance programs are primarily driven by paperwork and training programs. Overall, the emphasis is on financial controls with […]

The Psychology of the Con

Underscoring the Need for Enhanced Due Diligence Investigations Cassie Chadwick the “Queen of Ohio” in 1897 started an audacious, highly lucrative, and extremely successful con. At a time when women could neither vote, nor take out a bank loan, she led banking institutions to believe she was the daughter and heir of steel-magnate Andrew Carnegie, […]

FCPA Recidivists and Due Diligence Investigations

According to FCPA tracker data, there are around 100 Foreign Corrupt Practices Act (FCPA) investigations ongoing as of August 2022, with 20 new investigations disclosed since the beginning of 2020. A recent report on FCPA Blog, notes that of these 20 newly-disclosed investigations, three of the companies, or 15%, were involved in prior FCPA enforcement […]

Protecting the Board

Board Risks and How to Mitigate Them The board of directors play a critical role in a company. They represent the company and have a fiduciary duty to its shareholders and assets. While they do not participate in the day-to-day activities and decisions of a business, they do oversee strategic planning and company operations, set […]

“Heroes and Monsters”

An Artistic Dive into Due Diligence Through the Brush of Art Fraud Art. The word has spawned the question: “What is art?” It is a fairly modern question. As Sir Roger Scruton says in his documentary Why Beauty Matters, “At any time between 1750 and 1930, if you'd asked educated people to describe the aim […]

Uber: A Legacy of Reputational Damage

Showcasing the Need for Due Diligence Investigations Reputation is critical in business. Warren Buffet once said, “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” With the advent of social media, the turnaround for good or ill is even faster. Now, […]

Assessing Character: The Indispensable CEO Quality

A number of interesting C Suite “characters” have been in the spotlight in recent years in the area of business corruption, fraud, and other acts of misconduct. These “bad actors” engaged in a multitude of bad actions and questionable behaviors, sometimes criminal activities, ranging from fraud, embezzlement, bribery, and money laundering, leading to serious reputation […]

Spotlight on FCPA Violations – Q2 2022

Foreign Corrupt Practice Act (FCPA) enforcements so far in 2022 total $112.3 million in settlements with three companies: South Korea’s KT Corporation, Stericycle, Inc. headquartered in Illinois, and in June, Luxembourg steel pipe manufacturer Tenaris. Stericycle numbers climbed to over $82 million in combination with settling parallel criminal and civil charges to the US and […]

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