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 Offices |  Lawyers  | 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

 

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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

 

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