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.
DDC’s Results for Family Offices and Private Investors
Determined a prospective nanny had a criminal record.
Found that a nanny intentionally omitted disclosing two prior employers due to being terminated for neglecting a child.
On behalf of the Patriarch of a prominent family, DDC found that a family member was actively involved in the promotion of fraudulent investment scheme and was using family name to help raise capital.
Found that the CIO of a family office was having an inappropriate relationship with the CFO, leading to the misuse of funds.
A potential investment in a collectibles Ponzi scheme was averted based on DDC’s research.
Assisted in vetting several persons to very large family office’s Investment Committee.
Advised a family office on restructuring, including the creation of a Board of Directors and an Investment Committee.
Uncovered the alternative identity of prospective personal assistant to a billionaire’s spouse that included multiple names, collections, liens, and convictions as part of a pre-employment background check. This client had received an all clear on this candidate’s background check performed by the recruiter.
Found that the CFO of a family office did not have his CPA as claimed on his resume and in professional bios.
Discovered a potential co-invest partner had multiple convictions including fraud in various jurisdictions.
Researched and evaluated a security firm tasked with close protection and security for the family of a wealthy industrialist, ultimately concluding that the partners and firm had embellished their credentials. Further, DDC found one partner pled guilty to several counts of fraud many years prior
Found that a principal of a hedge fund administration firm was arrested for drug trafficking, had multiple liens and judgments, and had never graduated from college
Found that a well-known hedge fund with over $1b in assets under management had misrepresented that their counsel was a specific major US law firm, when in fact they had no outside counsel, and that their offshore fund was improperly formed
Identified, tracked, and served an individual who had been impersonating a family member of a celebrity for several years
Uncovered fraud at a technology company and assisted a European family office in getting their $80mm investment back
Discovered that a wealth advisor at a bulge bracket firm was arrested for multiple counts of fraud and was incarcerated in a state penitentiary
Discovered that a “Wealth Manager” to a $750 million Family Office was not registered with FINRA, was not employed by any broker, dealer or wealth management firm, had at one time been sanctioned for selling improper products to elderly persons (when he was registered), had been arrested 4 times for domestic battery and once for filing a false police report, and operated several fraudulent mail order businesses
In the course of extensive due diligence on a hedge fund with over $1 billion in AUM for an investor, we discovered that the Principal and sole Portfolio Manager falsified his resume, had committed credit card fraud, and was unable to discuss any position allegedly held in his fund’s portfolio with reasonable detail without the assistance of others
Found 2 different fund of hedge funds that were not performing any due diligence other than a review of documents despite claims to the contrary
Found that a private equity firm had falsified its returns in its marketing materials and that the principal and a key employee both misrepresented their work experience. The principal was twice arrested for battery. The executive was previously convicted for fraud (in another state)
Engaged by a prominent billionaire industrialist, DDC found that one household staff member was engaged in prostitution and unlicensed “massage” therapy, and one security staff member grossly misrepresented his military and law enforcement experience.