Think Results

Investigation Into Fraudulent Actions by a U.S. Subsidiary’s CEO

Representation of a publicly traded European telecommunications company and its U.S. subsidiary in an investigation into fraudulent actions by the subsidiary’s CEO. The investigation, undertaken on behalf of the Board of Directors, found that $38M had been directed to a company owned by the CEO, who then collected a percentage of those funds. Obtained an injunction, then attached and recovered the stolen funds held in U.S. banks.