Beau Dietl Does Corporate Investment, Fraud, Embezzlement, Asset Recovery and Forensic Accounting

www.beaudietl.com

by John W. Cutter

Recently managers of a hedge fund found out the hard way that the old saying "this world needs ditch diggers too" wasn´t necessarily true. But the experts at Beau Dietl & Associates (BDA) were able to dig this hedge fund out of what looked like a $20 million hole and on the road to profitability through the innovative services of our Business Recovery & Turnaround Division.

Here´s how the story goes.

A hedge fund invested nearly $20 million in a company that specialized in obtaining government contracts for ditch digging projects only to watch as the mismanaged company quickly slipped into bankruptcy. The good news for the hedge fund was that they emerged from a long, drawn out bankruptcy proceeding as the principal owners of the ditch digging company. The bad news was that by the time they got the keys to place it was a ghost town.

The hedge fund was about to write it up as multi-million dollar loss when it turned to BDA (www.beaudietl.com) and our white collar sleuths in the Business Recovery & Turnaround Division. This cross-disciplined unit utilizes the experience and skills of highly successful businessmen, Wall Street veterans, Certified Fraud Examiners, Certified Public Accountants and former law enforcement investigators to evaluate and identify any possible fraud or malfeasance occurring within a wide array of businesses.

In this case, we found everything from desk top computers to the stationary had been removed by the previous owners. BDA´s forensic accounting professionals were able to recreate what had happened by salvaging documents and computer files that had been mistakenly left behind after our field investigators had conducted interviews of some key employees who were not part of the management staff. Through our analysis and investigation we found outright embezzlement, employee misconduct and a clearly defined criminal case. The action of the former owners has led to indictments. And though the ditch digging contracting company wasn´t salvageable, BDA´s investigators uncovered another business that the ditch diggers had a majority share in.

En masse the Business Recovery & Turnaround Division descended on this business, a company that specialized in placing medical personnel at government-run facilities. The company was one of only seven in the country specializing in these types of contracts. Though an equal share in this $800 million a year industry would have put the company´s earnings over the $100 million mark, this company was only handling $7 million in contracts annually. When the Business Recovery & Turnaround guys put the company under its investigative microscope they discovered the reason for this wasn´t fraud, like what was going on at the ditch digging company, but incompetence. The ditch digging executives had simply put inexperienced cronies in charge and they didn´t know anything about the business. After BDA presented its analysis and recommendations, the hedge fund managers brought in a new leadership team and in short order the company has tripled its annual market share. It now takes in more than $20 million a year.

As a series of big news hedge fund scandals can attest, we´ve found that many investors in recent years have apparently invested tens of millions of dollars or more into various enterprises without doing the necessary due diligence. Many of these funds are built to invest, make a quick profit and get out with their double-digit returns. But with the economy turning, some of those short-term investments are becoming unexpected long-term commitments to businesses that operationally they know very little about.

That´s where our dynamic team comes into play. From an alternative energy company to a staffing company to ditch diggers, we´ve seen it all. In every situation, we can parachute in a team leader who has had expertise in the specific field required for the job and understands how to make the company more efficient and prosperous. During our forensic analysis stage we look for corporate fraud of varying types from embezzlement, misuse of company credit cards to misappropriation of business assets. Having trained private investigators on staff allows us to immediately move the investigation to the next level once a problem has been identified. These former state and federal law enforcers bring with them a Rolodex of current police officers and prosecutors that enables us to quickly get your case the type of high-priority attention it deserves.

Throughout the process we work directly with the fund owners, maintaining constant communication and addressing all concerns, ensuring 100% client satisfaction.

If you are in need of this type of expertise feel free to contact us for a no cost consultation at 1-800-777-9366 or at www.beaudietl.com. It´s better than just throwing your money in a ditch.