Forensics are not just for television

SITUATION

The Alta Group’s legal services expert was engaged by a major bank captive equipment leasing company to assist in assessing responsibility for a multi-million-dollar fraudulent lease transaction. The client acquired the transaction from another major company and the lease fraud appeared to be a long-term scheme perpetrated by a skillful fraudster who could not be traced.

SOLUTION

Alta’s expert reviewed the lease documentation and related materials in detail and developed a specific outline of the transaction and how it was carried out by the perpetrator. While the responsibility to detect the failure and prevent the fraud was disputed, Alta’s analysis of the facts, documents, and circumstances contributed to the parties’ understanding of methods and practices. The client used Alta’s findings to negotiate a satisfactory settlement of the case and acceptable compensation for its loss.