March 22, 2014

OGO investigates and identifies million-dollar embezzlement scheme by proprietary trading firm director

In March of 2014, O’Mara Gleason O’Callaghan investigated and identified embezzlement by a director of a proprietary trading firm and subsequently recovered $450,000 in stolen funds and real estate.

While our client initially suspected the director had stolen approximately $100,000 from the company, our investigation revealed the scope of the fraud to be much larger.

Within 24 hours of being retained, we conducted an on-site forensic investigation, obtained a signed confession from the embezzler, and located the stolen assets.

Within days we initiated a civil suit and obtained injunctive relief to freeze the assets of the former director and family members to whom he had transferred stolen funds.

He was subsequently arrested, charged with wire fraud, and sentenced to three years in prison.

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