Month: February 2015

Interesting Findings..., Investment Due Diligence, Private Companies

Best Reference Ever…

“[Jim’s] the man. [Jim] is the best board member I have ever had. He flew out to the west coast the day before every board meeting, and joined me for dinner the night before. He had always read the board package in detail, and had many comments, questions, and helpful suggestions, including contacts who he followed up on. [Jim] did cave in to the other VCs on the board in the end, which ended up destroying our company and losing his entire investment (and ours), but while things were working, before the other VCs pulled out their [Bain] play books, he was great – I just wish he’d stuck to his principles.”

Peter Barakett, President

Due Diligence Consulting LLC

DDC Investigations LLC

Hedge Funds, Interesting Findings..., Public Companies

Director arrested for domestic violence

DDC was engaged to conduct a thorough review of the directors of a company targeted by a hedge fund client.  DDC found a director was arrested for domestic violence in 2008 in a state that he was not easily connected to.  DDC believes other firms may have missed this arrest by focusing on the current and most recent jurisdictions for employment and residence, rather than all jurisdictions he has ever had a contact or connection with.

Peter Barakett, President

DDC – Due Diligence Consulting LLC

DDC Investigations LLC

Hedge Funds, Public Companies, Resume fraud

Public Company Director misrepresented bio in court documents

DDC was engaged to thoroughly review a Director of a public company.  DDC found that the director misrepresented having a CPA, as well as other certifications and memberships, in substantially all associated bios, SEC filings and certain court documents. The later declarations were made under penalty of perjury.

 

Peter Barakett

DDC – Due Diligence Consulting LLC

DDC Investigations LLC