In the course of our regular investment due diligence on behalf of an investor client, DDC discovered that the CFO of a large hedge fund has a tax lien for approximately $2mm. The tax lien does not appear on the major federated databases used by most law firms and private investigators. It does show up as unsatisfied through a detailed court search. DDC then confirmed it remains unsatisfied (open). We believe many investors may not be aware of this tax lien because they don’t perform detailed background checks on the CFOs of their underlying investments, and/or the party performing the checks relies on a major federated database. DDC does not rely merely on one database and a google search. DDC checks everywhere a person has ever been, to the most original source level possible.
Peter Barakett, President
DDC – Due Diligence Consulting LLC
DDC Investigations LLC
