Tracing invoice finance fraud for a major financial institution
KordaMentha supported a major financial institution in Supreme Court proceedings involving invoice finance fraud. Our forensic analysis traced $3.6 billion in transactions, uncovering $15 million in misappropriated funds.
Related Industries
Financial ServicesKordaMentha was engaged by a leading financial institution to assist in legal proceedings before the Supreme Court of New South Wales.
The case centred on allegations of falsified revenues, profits, and invoices used to misappropriate funds through an invoice financing facility.
Our forensic team conducted a comprehensive review of more than 90 bank accounts spanning a five-year period. Using advanced data analytics and funds tracing methodologies, we analysed $3.6 billion in transactions to identify the flow and use of misappropriated funds.
How we helped
We applied forensic accounting expertise to uncover the scale and mechanics of the fraud. Our team traced transactions across multiple entities and accounts, identifying the misappropriation of approximately $15 million and its ultimate use.
Our findings were presented in Court and accepted in full, contributing to a favourable ruling for our client.
- Reviewed 90+ bank accounts over five years
- Applied data analytics and funds tracing techniques
- Analysed $3.6 billion in transactions
- Identified $15 million in misappropriated funds
- Traced the end use of misappropriated funds
- Provided expert evidence accepted by the Court
Outcomes acheived
- Fraud uncovered: $15 million misappropriated
- Transaction tracing: $3.6 billion analysed
- Court acceptance: Findings upheld in full
- Legal success: Ruling in favour of client
- Forensic depth: 90+ accounts reviewed
- Timeframe covered: Five-year period
- Methodology applied: Data analytics and tracing
