Investigations

Each year, U.S. organizations lose an estimated six percent* of annual revenues to fraud and occupational abuse. More often than not, it’s committed by their own employees and vendors.

It’s the cost of doing business . . . but does it have to be?

Left unaddressed, allegations of malfeasance and wasted resources undermine stakeholder confidence, workforce morale, and your organization’s strategic mission. At the Vander Weele Group, we draw on decades of experience to expertly sort through facts and report findings in objective and meticulously documented reports. Our work is augmented by a rich knowledge of forensic accounting and business. We investigate embezzlements, payroll fraud, insider dealing, kickbacks, diversion of product to the black market, product substitution, EEOC violations, and other matters involving employee and vendor misconduct.

* Association of Certified Fraud Examiners

Case Studies

  • VWG conducted on-site investigations into complex inventory fraud schemes in American manufacturing plants in Shanghai, China, and in Guadalajara, Mexico. After one investigation, six employees in the Mexican operation were dismissed. Data analysis identified discrepancies in the manufacturing and inventory records.

  • A client received a $1 million settlement offer based on a VWG investigation. The investigation entailed reconstruction of money flows and analysis of hundreds of documents.

  • An Accounting Analyst falsified entries of nearly $4 million for fixed assets in a corporation. After initially denying the allegation, she confessed to creating “plug” numbers in reconciliation reports because she was unable to reconcile the sub ledgers with the general ledger account balances.

  • VWG documented that a manager traveled on behalf of his own business while employed by a major corporation. He also partnered in outside business ventures with at least three vendors he engaged for his employer and he vacationed, boated and scuba-dived with one or more of these vendors. He formerly held a franchise with one vendor which, because of his efforts, received more than $1.5 million in contracts from the large corporation while paying the employee’s side business $15,695. The employee also solicited a “commission” from a vendor he managed and, when the vendor refused to pay, canceled or reduced that vendor’s work.

  • A Purchasing Manager with authority over a prototype project that had the potential to grow to $250 million in business accepted cash, loans, golf and casino trips from vendors vying for that and other projects. The manager, who solicited the cash through company email, admitted that he had a gambling problem, He also routinely gave “guidance” on pricing to a favored individual whose employer sought business from the Purchasing Manager.

  • As the outside Inspector General of the Public Building Commission of Chicago, an agency that manages hundreds of millions of dollars of construction on behalf of Chicago city and county agencies, VWG conducted fraud investigations with significant results.