- As part of its research on a potential short position for a hedge fund, DDC discovered an open criminal case for securities fraud and market manipulation abroad, that was not disclosed.
- Found that a hedge fund manager was convicted of sexual assault outside the USA. Video evidence shows him running down a hotel hallway in his underwear, chasing the victim.
- Discovered multiple material omissions and misrepresentations in the bio of the CEO of a public company with respect to a short position.
- Discovered multiple material misrepresentations in the bio of a public company CEO, on behalf of a hedge fund contemplating a proxy fight.
- Found misrepresentations in the bio of a senior executive at a public company that led to his resignation.
- On behalf of a major hedge fund, found the chairman of a public company claimed to have graduated from a university that he attended, but never graduated from.
- Found that a highly recommended senior analyst / PM currently employed by a major hedge fund lied about receiving an MBA from a renowned institution during the course of a pre-employment background check for a large hedge fund.
- Uncovered several irregularities in the bios of senior partners of a foreign company on behalf of a noted distressed investor.
- Despite a clean background check on a candidate from a large hedge fund recruiter, DDC found a felony conviction 3 yrs ago in state other than where the person currently lives and works.
- Assisted the principal of a major hedge fund in identifying a cyber stalker, and then assisted counsel in handling the matter discretely and without publicity.
- Researched a real estate development firm on behalf of a hedge fund contemplating a huge investment and found that the CEO did not have the degree he claimed to have, the CFO was not a CPA as claimed, and the predecessor company did not develop some of the projects claimed.
- Conducted due diligence on a pay day loans company and concluded that the firm’s principals were misleading potential investors
- Researched a collections company that claimed to have a proprietary method for yielding over 10x the industry rate, concluding that such returns were fraudulent and that the firm’s founder misrepresented his financial position
- Conducted due diligence on a truck leasing company and found that the firm’s partners went to great lengths to hide their relationships to each other, their financial position, and prior business and personal history
- Researched public company Sino-Forest (TRE.TO), identified several irregularities, and concluded it was likely a fraud more than two years before the company’s shares were suspended by the Ontario Securities Commission
- Engaged by a leading hedge fund to supplement their analyst’s own research on a private placement that they were considering, DDC found that the company was engaged in multiple lines of fraud, and that the principal had bribed one of the hedge fund’s analysts in return for a more favorable review
- Researched the use of a public company’s corporate aircraft and found that it was being used for the CEO’s personal use
- Identified and researched foreign companies in multiple foreign jurisdictions in order to link an investor with companies whose business activities led him to breach his contractual obligations
- Found that a payment services company may have engaged in fraud
- Found that a collection services firm may have engaged in fraud
- Researched and reviewed in numerous jurisdictions the public filings of a large regulated firm over the past 10 years and found that the company’s President’s information was materially incorrect
- Researched the liquor licenses held by a bar & restaurant group, partly owned by a prominent executive, and found that he failed to disclose a prior criminal matter in violation of the law in each jurisdiction
- Determined that the President of a large US asset manager was arrested twice for major art theft. He has no criminal record, due to the expiration of the statute of limitations
- Discovered that an employee of a bulge bracket firm was convicted of murder during the course of pre-employment due diligence for a major hedge fund
- Found numerous instances of assault and battery, domestic violence, employee theft, breach of confidentiality, drug and alcohol abuse, drug trafficking, prostitution, pornography, disparagement and more during pre-employment and investment due diligence
Due Diligence Consulting conducts investment research, executive background checks and private investigations for hedge funds, public companies, private equity firms, family offices, investor groups, law firms, and foundations.