Case Study – Source of Funds and Reputation Due Diligence for Potential Owner

  • Andrew Whelan Andrew Whelan

A football governing body asked Kroll to conduct an urgent source and scale of funds-focused review on a potential new owner of one of its top tier football clubs. The regulator wanted Kroll to focus on the subject’s source and sustainability of wealth and their reputation.

The subject had a limited public profile, but we discovered that he had ties to multiple jurisdictions around the world. In a limited timeframe, Kroll analyzed public records in local languages and discreetly spoke to sources in several jurisdictions, enabling us to develop a picture of the subject’s background and commercial track record.

Our research uncovered fraudulent investment schemes linked to offshore entities, extensive litigation against the subject and falsified financial statements. We also ascertained that the subject had significantly exaggerated his wealth.

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