Serious Financial Fraud Investigations
Larsen AVR Group has been retained to investigate many serious financial fraud matters, several of which involved hundreds of millions of dollars in losses to victims and were the subject of national electronic and print news media coverage.

Select Serious Financial Fraud Assignments

• A fraudulent telemarketing scam victimizing elderly Americans. On behalf of a group of victims, Larsen AVR Group investigated the perpetrator behind the telemarketing organization that had encouraged them to invest in lotteries. When law enforcement finally caught up with him, Larsen AVR Group headed the investigation into his assets, which was discovered to include properties in Central and North America worth hundreds of millions of dollars. On the day he turned himself in, we sprang into action with a series of carefully choreographed moves and served dozens of search warrants aimed at seizing these illegally obtained properties. The case was featured on a segment of the CBS news series SIXTY MINUTES.
   
• A Nigerian scam artist who disappeared with $240 million. Working on behalf of a family with ownership interest in a South American bank, Larsen AVR Group was retained to investigate a Nigerian national who, claiming to be a government official, had secured a loan for $240 million for improvement of the airport at Lagos and then promptly disappeared with the money. We worked closely with the Nigerian authorities and the scam artist was eventually arrested and tried in Nigeria.
   
• Allegations of loan fraud after ownership of a company was transferred to a major bank in the Midwest. Larsen AVR Group was retained by a major bank in the Midwest to investigate the activities of a company that the bank had recently assumed control of as a result of an alleged loan fraud. Our investigations discovered that, upon notification of the company’s new ownership, the primary assets of the company (contracts to provide services) were transferred to other companies. The payments received by these other companies (resulting from the contracts legally owned by the client) were not paid to the client, and in fact were commingled in bank accounts with other funds. Additionally, no separate books and records relating to these assets were maintained. As a result of our investigation, our client was able to file a lawsuit against one of the business entities to recover the missing funds.
   
• Allegations of fraud in investment practices. An east coast securities firm retained Larsen AVR Group to investigate a company and an individual. Our client had placed several million dollars with this individual and his business to invest on behalf of our client’s customers. We discovered that this individual had been the subject of numerous lawsuits alleging conversion of funds, fraud and other related causes of action. It was also learned that this individual’s license had been suspended by the SEC for questionable investment practices. Our investigation enabled our client to initiate legal action against the investing company.

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