Hedge fund manager convicted of sexual assault

A recent DDC assignment for a very large investor group uncovered that a hedge fund manager was arrested outside the USA for sexual assault on a woman while at a hotel.  DDC was able to access the case files, and the video tape and still pictures of the HF manager show him chasing the woman down a hotel hallway in his underwear.  This criminal case went to trial, and the HF manager was convicted and incarcerated for approximately one year.  DDC believes most hedge fund investors are not aware of this incident because they, and the background check service providers they use, do not check a person everywhere there is a contact or connection, and/or under all name variations ever used.

Peter Barakett, President

DDC – Due Diligence Consulting LLC

DDC Investigations LLC

War criminal passes TSA background check

A Somali man accused of war crimes in a US court was found to be working for the TSA in Washington DC.  The firm engaged to do the background check missed the man’s open court case alleging him of war crimes. You can read the story from Fox News here.

Depth of research, level of employee training and a quality / sourcing review process are key considerations when evaluating a background check service provider.  Too often the government and companies focus on getting the lowest possible price and the result can be errors or omissions such as this one.

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Peter Barakett

President

DDC – Due Diligence Consulting LLC

DDC Investigations LLC