Tag: Due Diligence

Database Errors, Executive Background Check

The cost of inadequate background checks is higher than doing it right

An estimated 7 million felony conviction records — nearly 25 percent of all felony convictions — are missing from a key federal database that’s used to conduct background checks prior to gun sales, according to a recent Wall Street Journal report.

Due Diligence Consulting (DDC) executive background checks use proprietary research methods
Millions in missing felony records in key database shows importance of DDC’s proprietary background check methods.

Millions of missing records from the National Instant Criminal Background Check System (NICS) used by the FBI and gun retailers have resulted in thousands of firearm sales that should have been blocked, based on statistics compiled by the WSJ. Gaps in the database have occurred for a variety of reasons, including data matching problems and state and local jurisdictions that don’t share their data.

The WSJ story underscores what Due Diligence Consulting (DDC) has long known: criminal and other databases relied on by law enforcement, law firms and private investigators have gaps in coverage. DDC’s proprietary research process starts where our competitors finish. DDC uses multiple databases in its background investigations and researches a person or entity everywhere they have had a contact or connection, collecting data to the most original source level possible.

Recently, DDC discovered domestic violence charges at a local court house that were absent from commercial databases and used by law firms and private investigators. A research service used by law firms missed the information that DDC found for its client.

We call. We check in person. We submit written records requests. Our proprietary research methodology is based on decades of experience that generate differentiated results missed by others. We provide our clients with the critical information that they need to make decisions on investments and key executives.

Executive Background Check, Reputational Risks, Resume fraud, Resume Verification

The Harvard Lie

It’s only March and already DDC has discovered a public company CEO who has lied about having a Harvard degree.

man-review-his-resume

To most people, it seems absurd that someone would lie about having a Harvard degree and presume to get away with it. But every year for the past 10 years running, DDC has discovered at least one Harvard bluff during the course of a detailed executive background check. What’s more extraordinary is that these public company executives have invariably already been vetted by other background check firms, executive search firms, law firms and journalists. Repetition of the misrepresented Harvard degree adds to the credibility of the lie over time. Certainly, others have checked this out, the thinking goes.

At DDC, we check everything — every time. Public companies, investors and law firms hire DDC to conduct thorough executive background checks to mitigate reputational risks and protect credibility. A misrepresentation by a public company CEO or board member could leave a company vulnerable to an attack by an activist shareholder, market-moving adverse publicity and loss of investor confidence.

Our clients rely on our detailed, thorough checks to spot omissions and misrepresentations like a Harvard lie. And that’s the truth.

 

Investment Due Diligence, Mergers & Acquisitions, Press Release, Uncategorized

DDC lights up Times Square

DDC’s news made Times Square. Now others know what sophisticated clients of Due Diligence Consulting, LLC (DDC) already know: DDC is the worldwide leader in detailed executive background checks, mergers and acquisitions research, and other investment due diligence. DDC recently provided research support and due diligence as part of a foreign corporation’s $1.2 billion acquisition by one of the largest conglomerates in the United States. #DDCResults

20180112-ddcTimeSquare
DDC lights up Times Square on January 11, 2018: News of DDC’s M&A research for $1.2 billion acquisition made Times Square. #DDCResults
Mergers & Acquisitions, Press Release, Private Companies

Due Diligence Consulting LLC (DDC) provides research support for $1.2 billion acquisition

Naples, FL — Due Diligence Consulting, LLC (DDC) provided research support and due diligence as part of a foreign corporation’s $1.2 billion acquisition by one of the largest conglomerates in the United States.

DDC-Logo-Trademark-Square-300pxThe cross-border transaction was subject to approval by various government agencies, and a final order approving the previously announced plan of arrangement was issued in September. The deal closed in the fourth quarter.

“We were pleased to provide the target corporation and its legal team with research on the acquisition to assist them in preparing for review by various government agencies of this cross-border transaction,” said Peter Barakett, president of Due Diligence Consulting, LLC. “Our goal is to provide deep-dive, detailed research to assist our clients and help them navigate legal and business risks. In this instance, DDC’s research enabled the target and its counsel to proactively address any concerns that may be brought up in government review of this transaction.”

About Due Diligence Consulting, LLC — DDC’s clients include Fortune 500 companies, private companies, family offices, law firms, hedge funds, private equity funds, venture capital funds, foundations, and accounting firms. Founded by Peter Barakett, formerly General Counsel and COO for Atticus Capital LLC, DDC focuses on executive background checks and investment related research and provides due diligence for mergers and acquisitions, proxy contests, litigation and special situations. DDC has a global reach, with clients around the world and decades of experience in sophisticated, detailed research in the USA as well as in foreign jurisdictions. DDC has consistently discovered information that others have missed, including numerous instances of corporate and supply chain fraud, as well as CEOs, investment managers and public company board members misrepresenting their education or work experience. In addition, DDC has assisted its clients in avoiding Ponzi schemes and other fraudulent schemes. DDC Investigations LLC is a full service private investigation firm (License #A1300198) and an affiliate of Due Diligence Consulting, LLC.

Contact: Peter Barakett, President, (239) 434-8393 Email: info@DueDiligenceConsulting.com

Press Release

Due Diligence Consulting (DDC) announces promotion and new hire at firm specializing in executive background checks and investment due diligence

Naples, FL, June 20, 2017 (Globe Newswire) – Due Diligence Consulting (DDC), the national leader in executive background research for public companies, family offices, law firms, hedge funds and other investor groups, announces the promotion of Eric Strachan to Director of Research and welcomes national award-winning investigative reporter Gina Edwards to the firm.

Strachan, a former national award-winning journalist and the former Senior Managing Editor of the Naples Daily News, joined DDC in 2014 as a Managing Director.

“Eric’s research, editing and managerial skills are first rate,” said Peter Barakett, President of DDC. “As Director of Research, Eric is well positioned to help DDC continue to consistently deliver background checks and other research reports with a level of detail that exceeds industry standards.”

Strachan brings his background working in a fast-paced media environment to DDC where he understands the time-sensitive requirements of DDC clients who rely on fast and accurate research to meet their decision-making and risk management needs, without sacrificing research depth and accuracy. As an editor at the Naples Daily News, Strachan led the efforts of large teams and coordinated the research of diverse journalists on in-depth projects and breaking news, at times across media properties and platforms in the chain. He brings that logistical know-how to DDC where he is often called on to coordinate DDC background checks, due diligence and research efforts spanning multiple continents on a given assignment.

Edwards, a former national award-winning investigative reporter, specializes in securities fraud, public corruption and corporate crime. During her career, Edwards has uncovered fraud involving hundreds of millions of dollars related to securities, pump-and-dump market manipulation, mortgage fraud, land trusts, insurance, hedge funds, mortgage backed securities and Ponzi schemes.

“Gina’s reputation for research and investigatory excellence was well known to us,” said Peter Barakett, President of DDC. “Her experience and skills are a tremendous asset to DDC and ultimately, to our clients. We are excited to have Gina join the DDC team as a Managing Director.”

While working as a private investigator, Edwards developed key securities fraud evidence on behalf of investors involving Charles Schwab’s $1.3 billion bond mutual fund that ultimately resulted in a $119 million SEC fine and restitution order. Edwards located investor victims around the country and published key investigative stories ahead of indictments in Manhattan in a $100 million mob-on-Wall Street market manipulation case.

A public corruption investigation by Edwards at the Naples Daily News ultimately led to the appointment of a special prosecutor and the arrests of 10 local elected officials and developers. She has received more than three-dozen reporting awards including from Investigative Reporters & Editors, Scripps Howard Foundation, the Society of Professional Journalists and Florida state press organizations. The Florida Press Club honored her with a First Place Freedom of Information Award in 2015 for her reporting and litigation that challenged public records fees.

About Due Diligence Consulting, LLC

DDC’s clients include Fortune 500 companies, private companies, family offices, law firms, hedge funds, private equity funds, venture capital funds, foundations, and accounting firms. Founded by Peter Barakett, formerly General Counsel and COO for Atticus Capital LLC, DDC focuses on executive background checks and investment related research and provides due diligence for mergers and acquisitions, proxy contests, litigation and special situations. DDC has a global reach, with clients around the world and decades of experience in sophisticated, detailed research in the USA as well as in foreign jurisdictions. DDC has consistently discovered information that others have missed, including numerous instances of CEO’s, investment managers and public company board members misrepresenting their education or work experience. In addition, DDC has assisted its clients in avoiding Ponzi schemes and other fraudulent schemes. DDC Investigations LLC is a full service private investigation firm (License #A1300198) and an affiliate of Due Diligence Consulting, LLC.

DueDiligenceConsulting.com

Contact:  Peter Barakett, President, (239) 434-8393
Email:  info@DueDiligenceConsulting.com