Financial Crime World

Financial Crime Investigation Process Unveiled in Georgia: A Step-by-Step Guide

Georgia’s financial crime investigators have unveiled a comprehensive process for investigating financial fraud cases, providing a detailed look into the steps taken to uncover and prosecute fraudulent activities. This guide outlines the investigative process, from consultation with clients to legal action, to recover stolen funds and hold perpetrators accountable.

Step 1: Consultation with Clients

Before conducting an investigation, financial investigators consult with clients to discuss their situation and determine what assistance is needed. A retainer agreement is prepared outlining the scope of the proposed investigation, estimated cost, and timeline. Upon client approval and payment of the retainer, the investigation proceeds.

Step 2: Verification of Material Evidence

The investigative team, led by a Certified Fraud Examiner, begins by verifying whether there is material evidence of financial fraud. In some cases, subject matter experts and forensic specialists may be brought in to:

  • Trace cryptocurrency transactions
  • Analyze complex financial schemes
  • Gather and analyze relevant records

Step 3: Identification of Responsible Parties

Once the nature and extent of the scheme are exposed, investigators focus on positively identifying responsible parties. This involves:

  • Conducting interviews with potential suspects and witnesses
  • Examining statements for consistency
  • Evaluating conflicting accounts against evidence obtained through independent fact-finding, including considerations of:
    • Motive
    • Means
    • Opportunity

Step 4: Background Checks and Asset Discovery

The investigation also involves a thorough examination of the personal, professional, and financial backgrounds of responsible parties, including:

  • Any documented pattern of past involvement in other fraud schemes
  • Evidence of financial pressures:
    • Bankruptcies
    • Liens
    • Foreclosures
    • Evictions
    • Debt collections
    • Tax liabilities

To support financial recovery for fraud victims, investigators identify financial holdings of responsible parties and any companies they control. This includes:

  • Bank accounts
  • Investments
  • Business interests
  • Personal trusts
  • Property conveyed to associates or family members
  • Expenditures that grossly exceed legitimate income sources

If the responsible parties refuse to return stolen funds, the findings of the investigation can be coordinated with:

  • Legal counsel
  • Law enforcement
  • Regulatory authorities

The investigation report serves as a critical tool for civil litigation and criminal prosecution, providing an easy-to-follow roadmap of relevant facts and expert testimony from licensed investigators and fraud examiners.

What Georgia Residents Can Do

If you suspect financial fraud, consult with an investigator to discuss your situation and determine what assistance is needed. By understanding the investigative process, victims can take the first step towards recovering stolen funds and holding perpetrators accountable.