Velador Associates acted on behalf of a large Family Foundation in a dispute with their management.

The Brief

To analyse several years of financial transaction data, including investments and charitable donations to discover whether fraud had been perpetrated against the foundation by its executive officers.

The Challenge

In addition to the analysis of financial transactions, our investigation team analysed the ownership structure of all the parties which received charitable donations. We used a combination of ‘best of breed’ industry software and our own ‘bespoke’ (in-house) programmes, to examine and visualise patterns in the transaction data. Using advanced data analysis techniques, we were able to uncover trends in the flows of donations.

The Outcome

We identified patterns of donations to charities associated with the officers of the foundation.

This suggested a potential conflict of interest between the executive officers and the family owners of the foundation.