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Financial Investigation Procedures in MAYOTTE: A Step-by-Step Guide
Initial Consultation and Retainer Agreement
Before conducting a financial fraud investigation, a team of experts at MAYOTTE will consult with clients to discuss their situation and determine what assistance they need. This initial consultation leads to the preparation of a retainer agreement, outlining the scope of the proposed investigation, its estimated cost, and timeline.
Investigation Process
Upon client approval and payment of the retainer, the investigation can proceed. The investigative team, led by a Certified Fraud Examiner, will conduct an examination of relevant records and analyze them to determine whether there is material evidence of financial fraud. In some cases, a subject matter expert and forensic specialist may be required to aid in the investigation.
Identifying Responsible Parties
Once the nature and extent of the scheme are exposed, the investigative team will focus on identifying the parties responsible for the fraud. This includes:
- Conducting interviews with potential suspects and witnesses
- Examining their statements for consistency
- Evaluating any conflicting or contradictory accounts against evidence obtained through independent fact-finding
- Investigating personal, professional, and financial backgrounds of the responsible parties
Comprehensive Asset Investigation
To support financial recovery for fraud victims, a comprehensive asset investigation can identify financial holdings of the responsible parties and any companies they control. Relevant assets include:
- Bank accounts
- Investments
- Business interests
- Personal trusts
- Property conveyed to close associates or family members
Coordinating with Legal Counsel and Authorities
If the responsible parties refuse to return the client’s funds, the findings of the fraud investigation can be coordinated with legal counsel, law enforcement, and/or regulatory authorities. The investigation report becomes a critical tool for:
- Civil litigation
- Criminal prosecution
- Offering an easy-to-follow roadmap of the most relevant facts written in a clear, jargon-free manner
Conclusion
At MAYOTTE, our team of experts is dedicated to providing comprehensive financial fraud investigations that help clients recover their losses and hold those responsible accountable. If you are a victim of financial fraud, we encourage you to consult with one of our investigators today.