FLSS Global has an extensive checklist for due diligence. Below you’ll discover in detail their complete due diligence definition… This includes an exclusive international data-base and court database used in the search for court records that importantly reveals crucial background information for hedge funds, funds of funds list or list of funds of funds and fund managers; mergers and acquisitions, capital ventures and investors – Discover what you don’t know and why you need this protection?
FLSS Global evaluates the risk factors associated with doing business with entities you think you know everything about. They do this as part of, or in its entirety as part of their Advanced Due Diligence (ADD) process – Read on to discover benefits you won’t find anywhere else, and see a FLSS checklist for due diligence that’s an actual sample report…
Checklist For Due Diligence – Due Diligence Definition
International Data-Base, Litigation & Court Database:
Checklist For Due Diligence - Due Diligence Definition
FLSS Global maintains the world’s most updated, comprehensive and exclusive international data-base, litigation & court database to search for court records that are absolutely critical to its clients.
This ability in association with their associated legal research capabilities and investigation techniques allows FLSS Global to do real-time litigation searches. While they search for court records and perform complex corporate investigations, simultaneously in more than 80 countries world-wide…
That’s how FLSS Global commence their extensive checklist for due diligence.
FLSS Global understands that a crucial part of any checklist for due diligence, is in the litigation search or search for court records using their exclusive court database combined with their international data-base, followed by their background check, enhanced by their corporate and individual profiling.
FLSS Global believes establishing that a company or certain individual has been to court is one thing, but it’s simply NOT enough to complete any checklist for due diligence. That’s why FLSS recognizes the need to ascertain full transcripts and in-depth information to any relevant court case (using their litigation, court database & international data-base combined) where legally possible.
Checklist For Due Diligence – Due Diligence Definition
FLSS Global – Fast, Accurate Search of Court Records:
Click on the image below to see a full length checklist for due diligence sample report:
- Checklist For Due Diligence, Due Diligence Definition – Click here to view full size
FLSS Global understands that time is of the essence and that accuracy is essential to any search for court records.
While FLSS litigation and court database searches and reports aim to be the most reliable that their clients can depend on, they also acknowledge and warn that privacy laws differ in each country…
As such, various legal strategies need to be accessed and adopted prior to performing any litigation search, search for court records or corporate investigation.
FLSS Global also like to inform their clients that while they believe the information to be accurate and reliable, the possibility of human or mechanical error must always be considered in the evaluation.
No litigation or court database search, international data-base search or information provider anywhere in the world can offer a 100% guarantee. Anyone who claims that ability is grossly mistaken in their own ability.
Checklist For Due Diligence – Due Diligence Definition
FLSS Global Offers You Three Major Advantages:
You could say FLSS wrote the book on the ‘due diligence definition’, and unlike their competitors, FLSS has three major advantages in their service ability (un-matched anywhere).
- Checklist for due diligence – Due Diligence Definition
The first being that they don’t telephone or cold canvass information directly from their targeted subject(s), who often exaggerate their own worth and ability…
They conduct discreet behind the scenes investigations, collecting and profiling valuable intelligence necessary in any assessment.
Secondly, FLSS have an exclusive comprehensive contemporary legal and profile database, unlike any other search facility in the world. Their database list is compiled almost in its entirety from every court case list in specific countries and regions that complement their corporate and individual intelligence database(s) which are specific to target markets.
Thirdly, their staff are trained in the most advanced investigations methods, researching and profiling techniques. This allows FLSS clients to benefit from an extensive 30-year experience in legal research, investigations and background checks.
Checklist For Due Diligence – Due Diligence Definition
Costly Examples When Using NO Checklist For Due Diligence:
The following are a few examples in real life situations as to how FLSS can benefit, HEDGE FUNDS, FUNDS OF FUNDS AND FUND MANAGERS; MERGERS & ACQUISITIONS, CAPITAL VENTURERS AND INVESTORS or anyone else who has the need to access sensitive but critical information:
Mr.Ramón Báez Figueroa was the former president of Banco Intercontinental which was located in the Dominican Republic. He was responsible for being the mastermind in a banking fraud scandal, which accumulated losses of more than $ 2.2 billion US.
Figueroa was arrested May 15, 2003 with his co-accused Marcos Báez Cocco and Vivian Lubrano de Castillo, the secretary of the Board of Directors, Jesús M. Troncoso, and financer Luis Alvarez Renta. The charges included bank fraud, money laundering and concealing information from the government.
During the court hearing it was revealed that the fraud involved debt write-offs , sweetheart loans or other financial deals which favored leading politicians and various elite business entities.
Samuel Israel III DOB: 20th July 1959 was a hedge fund manager for the fraudulent Bayou Hedge Fund Group.
Checklist For Due Diligence – Due Diligence Definition
Exactly How FLSS Can Protect It’s Clients:
Nicholas (Nick) Leeson was a derivatives broker who specialized in fraudulent, unauthorized speculative trading. His actions and fraudulent activities were directly responsible for the collapse of Barings Bank.
Leeson had worked at private Courts and Morgan Stanley before he finished off Barings. Leeson had been General Manager of a new operation in futures markets on the Singapore International Monetary Exchange (SIMEX)…
Had FLSS performed a routine search on Leeson, as it does for many of its global clients, it would have been revealed that Leeson had been denied a broker’s license in the U.K.
Bernard (Bernie) Lawrence Madoff, the American stockbroker, investor, investment advisor and former non-executive chairman of the NASDAQ stock market was responsible for one of the largest discovered Ponzi schemes in the world. He started his scheme in the 1990’s which ran undiscovered for decades…
FLSS investigations would have revealed that Madoff’s affiliated companies were channeling massive amounts of money to Jeffry Picower, FLSS would have also discovered that payments for alleged fees and charges were being made to J.P. Morgan Chase to the tune of around 1 Billion US.
- Checklist for due diligence – Due Diligence Definition
Had a complete assessment been made on a regular basis of Madoff’s stock records with the Depository Trust Company, then Madoff’s Ponzie Scheme would have been discovered much earlier than it had.
FLSS believe that the close association and friendship of powerful individuals such as SEC Chairman Mary Schapiro and SEC Commissioner Elisse Walter should have been examined on a regular basis…
Not in effort to establish any culpability of members of the SEC, but rather whether Madoff was manipulating their position.
How could this have been discovered by FLSS? By assessing and establishing Madoff’s personal characteristics on how he interacted with others. Especially with those in positions of authority where there could have been a danger of him being discovered…
It’s a process FLSS specializes in and uses in their Advanced Due Diligence process. The profiling is very similar to that of profiling regular criminal activity, such as in profiling multiple killers for example. However in this situation it would have been tailored for a specific purpose, that being to discover possible white-collar fraud by Madoff.
Checklist For Due Diligence – Due Diligence Definition
Secure Your Future With FLSS Global Today:
FLSS will tackle the delicate, discreet background checks, the litigation, court database, international data-base search for court records, the assessments and profiling of associations between one party and another. It’s all part of an intricate component of their Advanced checklist for Due Diligence.
“An Investigation Is A Search For The Truth“
Due Diligence Definition
“Due diligence” is a term used for a number of concepts involving either an investigation of a business or person prior to signing a contract, or an act with a certain standard of care. It can be a legal obligation, but the term will more commonly apply to voluntary investigations. A common example of due diligence in various industries is the process through which a potential acquirer evaluates a target company or its assets for acquisition.
Reference: http://en.wikipedia.org/wiki/Due_diligence
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Christian P. W. Faust
Founder and CEO of Faust Legal Support Services and www.flssglobal.net. A graduate of Criminology, Terrorism, Safety & Security, Certificate III Investigations, Certificate in Due Diligence, Holder of Master CAPI License. Also a Member of Associate International Academy for Investigative Psychology. American, European, Australian & New Zealand Societies of Criminology and San Andres Volunteer Fire Brigade, Manila, Philippines. And a Special Consultant for Legal & Political Affairs - Manila City Council.
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