Private Intelligence Firm Exposes CEO Fraud, Saving Construction Company Half a Million Dollars

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In a striking case of corporate fraud, Black Tangent, a private intelligence and investigative firm, uncovered extensive embezzlement and misconduct by the CEO of a mid-sized construction company, ultimately saving the company nearly $500,000 in diverted funds.

Authorized by the company’s ownership, Black Tangent conducted a comprehensive investigation, monitoring corporate networks, company-owned devices, and banking activity, as well as accessing accounting records and sales agreements. Their investigation combined advanced forensic analysis with on-the-ground interviews of subcontractors and suppliers.

Through these meticulous investigative practices, Black Tangent discovered that the CEO had been manipulating subcontractor invoices, directing subcontractors to perform work as personal favors for himself and his family, doctoring sales contracts, and opening bank accounts to divert company funds. Additionally, the CEO was found to have systematically undermined ownership control by manipulating subordinates.

The investigative findings revealed nearly $500,000 in unauthorized transactions, prompting the company to immediately oust the CEO. Black Tangent collaborated closely with state attorneys, the FBI, and civil legal counsel to ensure proper legal action was taken.

The fallout from the investigation allowed the construction company to implement stronger internal controls, update policies, and bolster security measures. Company leadership reports that these reforms have led to a significant financial turnaround and a renewed period of growth and success.

“This case highlights the importance of vigilance and expert oversight in corporate governance,” said a company spokesperson. “Thanks to Black Tangent, we were able to uncover wrongdoing that might have otherwise gone undetected, protect our business, and strengthen our operations for the future.”