Asset Trace Latvia | Lithuania | Estonia

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Asset trace in Latvia is different from the asset trace in Lithuania or assets trace in Estonia. Legal issues, national legislation, residential permits, EU green cards and other important patterns. Asset trace Latvia is performed by Investigative Agencies |  Law OfficesLawyers  | Private Detectives | indeed governmental agencies worldwide.

Assets trace Latvia

Assets trace Latvia winter

Skiptracing Latvia is a useful tool particularly for banking and financial institutions seeking the realizations of the contractual obligation. Corporate shares, real estate, vehicles etc. – are all vital parts of the assets. However, not always the assets are easily traceable. Baltic Security has established the algorithm for asset trace Latvia and other countries that we do cover.

At the initial stage of the asset trace, we recommend the clients to realize that successful skip tracing may consist of in-depth Background check in Latvia and may include wider geographical area and complex investigative events with a number of detective services.

Asset trace in Estonia. From our experience, Estonia due to its historical pattern is often used by the fraudsters from St. Petersburg, Russia and adjacent countries. Due to geolocation, Estonia asset trace has its own pattern that is different from Latvia or Lithuania. Debtor recovery Estonia may be effective in certain cases, such as grand theft perpetrated in the third country. Skip – trace Estonia is very complex when the fraudster is hiding after executing a multimillion fraud scheme in one of the countries that are excluded from the favorable list of Estonia.

Assets trace Tallinn, Estonia

Assets trace Tallinn

Asset trace in Lithuania is a professional method performed by Baltic Security along with our long – time reliable partners. Skip tracing by well-known banks, financial institutions, insurance and debt recovery agencies worldwide are examples of assets trace Lithuania. Debtor recovery Lithuania may have a pattern: parent company from France | Germany | UK is not happy with the activities of the daughter company in Lithuania and its performance with the national and international suppliers in particularly the performance on covering the accumulated debts. Considering the utilisations of the proper tools the asset trace with subsequent asset recovery can be ordered and executed. Skiptracing Lithuania is wise to execute having all the necessary basis info. Prior to expensive and time-consuming legal disputes we always recommend to research the assets and estimate if it worth further investments. Baltic Security is your reliable confidential provider of the asset trace research & investigations. Sometimes, assets trace starts with fugitive recovery (also skip tracing, or debtor) i.e. the process of locating a person’s whereabouts. A skip tracer is someone who performs this task, which may be the person’s primary occupation.

Assets Trace Lithuania winter

Assets Trace Lithuania

 

Lithuanian job: Fraud Investigation in Latvia

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International fraud

Fraud in Latvia by Lithuanian citizen

Man arraigned for $100M Google and Facebook scam.

Fraud Investigation in Latvia | Lithuania perpetrated by a lithuanian citizen. Evaldas Rimasauskas of Lithuania set up a company in Latvia, in the city of Daugavpils, registered company to a residential address, naming it after an Asian computer hardware company with which the two internet giants have accounts.  Rimasauskas then allegedly sent out phishing emails to Google and Facebook, who regularly had multimillion-dollar deals with the Asian company, saying they owed the fake company money. Other sources say these messages – phishing emails i.e. sent from false, but believable looking addresses contained instructions to pay for the supply of  Quanta Computer Inc to accounts already owned by the Latvian company Quanta Computer Inc SIA in Latvian and Cypriot banks.

Already at this stage a simple background check in Latvia and Lithuania might have identified the strong red flag pattern. We always suggest conducting due diligence or a background check before major transactions. Vendor background check | procurement review | investigation in Latvia | Lithuania | Estonia |Greece | Romania | Belarus | Ukraine cost reasonable money but may be very useful in the decision making process.

Background check with on site visit | corporate analysis | risk assessment | red flags identification |  conducted by professional investigators and fraud prevention specialists could have been a much easier solution in this case. Frankly, re-reading the article from various media including US Justice Department and local Latvian and Lithuania media makes us wonder, why no procurement review | why no KYC | why no check your vendor | why no common sense. The answer may be very simple: lack of communication, irresponsible attitude towards job duties and maybe even natural indifference – we call it Ostrich Approach.

When the money arrived in the bogus accounts, Rimasauskas dispersed the funds to other accounts in Latvia, Cyprus, Slovakia, Lithuania, Hungary and Hong Kong, prosecutors said. This went on for two years from 2013 to 2015 and Rimasauskas made $100 million in the process, prosecutors allege.

“At his arraignment Rimasauskas said through a Russian interpreter, “I am not guilty your honor,” but he did not seek bail and will remain in federal custody”.

In the result of  investigation, the 48-year-old is charged with wire fraud, money laundering and aggravated identity theft and faces up to 42 years in prison if convicted on all charges.

Outside of court Rimasauskas’ lawyer, Robert Peabody said, “We will follow the procedural run of the case and make sure he gets a good defense.”

A spokes man for Google said, “We detected this fraud against our vendor management team and promptly alerted the authorities. We recouped the funds and we’re pleased this matter is resolved.” Reps at Facebook declined to comment but they had previously stated they too had recovered the majority of the stolen funds.

Reference: www.nypost.com  www.theguardian.com  www.lsm.lv

Related services: background check | due diligence | risk assessment

 

Medical Insurance Fraud Investigation

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Case study # 2. Medical insurance fraud Investigation

The key point is universal -  to defraud the insurance company and hide back home.

Medical Insurance fraud investigation in Latvia | Lithuania | Estonia | Hungary | Greece |Worldwide

“From our experience in international Insurance Fraud investigations, the key point is universal –  to defraud the insurance company and settle back home for a while” – Baltic Security.

Baltic Security investigates full scope of insurance fraud in Latvia | Lithuania | Estonia. Medical fraud | Vehicle Accident fraud | Workplace injury fraud | Car theft fraud | Arson fraud are among the most popular insurance fraud investigations we have encountered.

“Not every accident is a fraud, but every insurance fraud is an accident”  – Baltic Security. 

Example of Medical Insurance Fraud Investigation in Latvia: Client – Investigative Company from the UK asked Baltic Security for assistance in unclear insurance investigation in Latvia and Lithuania. The objective was to trace the location and provide surveillance of the individual that was suspected to perpetrate a multimillion $ medical insurance fraud in the UK.  Our detectives conducted a background check with source inquiries. Shortly, the individual was allocated and assistance our fraud investigative team with physical surveillance was ordered.

Soon after Baltic Security surveillance unit arrived, a male with similar but not easily recognizable appearance was detected exiting the apartment building. Male was happily walking around and playing with the pet. Notwithstanding the insurance claim of total immobility, the subject’s behavior was different from the anticipation.  Further pieces of evidence of normal physical activity were detected and submitted to the client for further realization.

This case shortly describes a common usage of private investigators in Latvia | Lithuania | Estonia | UK | USA and around the world. Often, the cases are more complex and require in-depth information gathering with the visits to multiple locations. In such complex cases, it is important to follow the correct algorithm in order not to jeopardize the whole operation.

Vehicle accident insurance fraud

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Case study # 3. Vehicle accident insurance fraud  investigation

Baltic Security assisted the client from Ireland to conduct the insurance fraud investigation in Lithuania. The claim was rather standard: after the accident in the Ireland with the hired car, claimant lost physical abilities and sustained serious health injuries.

We have conducted background check and allocation of the individual who has moved back to Lithuania. Further, we have traced the driving records of the suspect. It was established that not only in the UK the suspect had more than average accidents but also had very constant records of accidents in Lithuania. Further, we have received the confirmation that in most accidents the victim and the suspect knew each other prior. Our findings were provided further for the client for the consideration.

Due to the massive wave of immigration to the UK, Germany, Ireland, other EU countries that followed  EU extensions and especially crisis that took place in the years 2008 – 2010 placed the grounds for insurance fraud perpetrated by the immigrants from Baltic Countries and Eastern Europe.

Western European large insurance payments became a lucrative field for organized crime groups, not to mention a lucrative venture for the migrants with the shady thoughts to bring the knowledge for the insurance fraud from Latvia | Lithuania | Estonia | Romania | Poland etc.

Baltic Security has extensive positive experience in complicated vehicle accident insurance fraud investigations Medical Insurance Fraud and other types of investigations. Baltic Security is the independent privately owned company and we always stay neutral and unbiased.

Related services:  Background check | Fraud investigations  |

 

Rule of Five W.E. – Elements of Success in Covert Surveillance Operations

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Covert surveillance is one of the ancient methods that is still widely used by private detectives | fraud investigators in Latvia | Lithuania | Estonia | Greece | Ukraine | Russia | Slovakia | Czech | Romania | Spain  etc. With the proper approach, it may be very effective tool in most types of investigations. Even nowadays, covert physical observation missions, including those a the international scale, may be very effective tool in various types of corporate fraud | internal advisory | insurance fraud investigations. From the most simple such as commonly known matrimonial investigations to sophisticated cases of commercial intelligence.

The mere surveillance, without diligently gathered and supplied to surveillance operator intelligence, from the highly effective may be downgraded to useless. There are no universal methods,  each case has its own peculiarities. Baltic Security decided to highlight the core principles that are crucial for successful covert surveillance in Baltics and Worldwide.

There are various strategies that are widely used in the market of private investigations not only in Latvia | Lithuania | Estonia but internationally. For example:

– Some companies utilize strategy that surveillance operation may be easily done by one person in the foreign country;
– Meantime, there are those that for a relatively easy task must deploy a dozen of agents, helicopter and airplane;
– Some clients influenced by spy movies are confident that there is nothing simpler than to enter secured private property and install a hidden cameras and microphones while group of people is having dinner in the next room.

Fortunately, there are detective agencies and clients who realistically view the difficulty level of the task and are able to provide the best level for the reasonable – although not cheap price. One of such, is detective agency Baltic Security that covers Riga | Vilnius | Tallinn | Worldwide.

Baltic Security team decides to invent the Rule of FIVE W.E. 

We have not invented the bicycle we simply summarized our observations – Baltic Security. 

Rule of 5 WE is designed to ease the understanding of the task and expectations of the client. It is aimed that only with the participation of both parties WE are able to achieve the results.

Client: “5 W”
– Who (detailed description);
– With whom (other known parties);
– Where (all known places);
– Why (job is needed);
– What (final objective).

Baltic Security: “5 E”
– Estimate (cost);
– Evaluate (possibility);
– Empower (sources);
– Ensure (quality);
– Execute (order).

Thus, WE achieve quality results. If any part is missing, the chances of success is close to nothing.

Related services: background check | process service | fraud investigations