The Infortal Blog

Honeywell’s $160m+ Resolution (Part I)- Brazil and FCPA Failure

Bribery Schemes in Brazil to Win Exclusive Business Demonstrate Lack of Strong Due Diligence and Compliance Program. At the close of 2022, when some were paying for holiday celebrations, Honeywell International Inc., agreed to pay over $160 million to resolve violations of the Foreign Corrupt Practices Act (FCPA). This was part of a parallel enforcement […]

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

When preparing to acquire another company, hire an executive, form a partnership, or even hire a third party vendor, you need to conduct 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. Most companies do […]

George Santos and Political Due Diligence

Lessons from George Santos Background Misrepresentations The New York Times dropped a bombshell article purporting that representative-elect George Santos lied about his education, work history, family background, and animal charity organization. Other allegations include Santo’s omission of certain personal financial disclosures and alleged check fraud in Brazil. This news is scandalous for the candidate and […]

How M&A Due Diligence Can Protect the Outcome of Your Deal

Businesses merge together or outright acquire one another on a regular basis. Two companies that have enjoyed a partnership for several years may decide to fully merge so they can share resources more easily, or a company might find a smaller business that is highly innovative and purchase them to bring their new products or […]

The Sentencing of Theranos’ Elizabeth Holmes and Sunny Balwani

Elizabeth Holmes and Ramesh “Sunny Balwani” of Theranos fame, or infamy, were sentenced after receiving convictions earlier this year. Holmes, founder and ex-chief executive officer (CEO) of Theranos, the now defunct biotechnology company that was believed to have created a revolutionary blood testing device that could analyze blood with a few drops from the […]

What Every Executive Team Must Know About Sanctions and Supply Chain Due Diligence

One of the key parts of any business is its supply chain. A supply chain is made up of various vendors that supply raw materials and transport completed products to warehouses or directly to the customer. Supply chains typically include a variety of different vendors. Even companies that only offer services, such as medical offices, […]

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, […]

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