Cases

Identification of an expert in the defense industry

ENG
Our client planned to sign a contract with an expert in the defense industry, and asked to find all the information about his business connections and financial health.

Using data from public sources, Molfar found the expert's connections with “pyramid schemes”. We found his partner was the founder of an investment fund, which offered income with an 8% annual return and a minimum deposit of $10,000. From 2004 to 2007, 155 investors put $8 million. In 2009, the Securities Commission ordered the fund to pay a fine of $4,5 million.

According to court records, the expert filed for bankruptcy in 2016. His debt was $624,000, and the estimated value of his property was $304,000. The subject of investigation was also listed as an executive of a company that had been on the sanctions list. The reason was the assistance with the procurement of speed boats and converting them to military use.

The client refused to cooperate with the expert and decided to get an internal sales and marketing team involved in defense market research as the consequence of investigation.