advanced internet due diligence -...
TRANSCRIPT
April 2008 - ACAMS
Contact: [email protected] 1
Advanced Internet Due Diligence
Presented to
ACAMSApril 2008
Cynthia HetheringtonAon Consulting
Research Methods & Resources
1. Scenarios2. Google Primer3. Public Record Databases4. Private & Fee Based Sources5. Q&A with real examples
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Data Mining Scenarios1. LP: Locate goods, and intellectual property, being sold
through the web
2. CI: Locate the future marketing plan of your competitor.
3. Opp. Res: Where can I locate tax filings on the Internet?
4. Assets: Locate alternative sources of income for your divorcee, fraudster or terrorist.
5. DD: Conduct due diligence quickly and cheaply.
6. Crim: Trace cellphone, PO Box & elusive email.
Due Diligence: A 50,000 foot view
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Reasons for Due Diligence?
• Compliance laws require it• Reputations are at stake• Security for persons and facilities• Evading fraud• Avoiding financial loss• Avoiding espionage• Protecting your assets• Assessing potential for growth, scalability & advancement• Avoiding business interruption• Counter-intelligence through self due diligence
Case Example: Baker Hughes Inc.
• A coordinated civil (SEC) and criminal (DOJ) investigation revealed that, over a two year period, BH had paid more than $4M in bribes to Kazakh officials through a bogus consulting firm
• BH had previously been cited for FCPA violations
• April 2007 - BH agreed to pay $44M in civil and criminal penalties
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Case Example: Chiquita Brands
• March 2007 - Chiquita Brands Intl Inc. Fined $25M For “Terror Ties”
• A Chiquita Brands Columbian subsidiary paid about $1.7 million between 1997 and 2004 to the United Self-Defense Forces of Colombia (“AUC”)
• In April 2003, company officials and lawyers approached the Justice Department and advised prosecutors they had been making the payments
• The payments continued even months after disclosure
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www.barrywebne.com• In 1995, after serving as controller for a manufacturing company in
Cleveland, Ohio, he was convicted of bank fraud for embezzling more than $1 million dollars over a four year period. He then successfully completed a six-month federal prison sentence at the Intensive Confinement Center (ICC) in Lewisburg, PA, as part of the total 30-month sentence imposed upon him.
Since his release from prison in 1997, Mr. Webne has served as a consultant and lecturer. He advises and trains accountants, auditors, management professionals and business owners on the behavior, psychological traits and tendencies of the white-collar criminal. He believes that no organization, from the smallest of churches to the largest of corporations, is safe from the risk of financial fraud.(OR HIM!)
Due Diligence : Boots on the Ground
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Obtaining Relevant Public Source Information
• Litigation history• Media history• Business & personal
affiliations• SEC filings• Corporate records• Regulatory history• Property records• Academic records
• Financial records• Vendor & supplier
relationships• Board appointments• Liens, Judgments & UCCs• Subsidiaries & franchises• Physical assets• Intellectual property• Political & charitable causes
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The old timers
• Are we using them well?
Are you ready to get past Google.com?
• Have you increased your hit ratio per screen?
• Are you using your quotes?
• How is proximity searching working for you?
• Did you know you could search more than the web, such as Video, News, Maps, Blogs, Books and Patents!
• Better than?
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Google Operators
Google.com Proximity Searching
• Google.com
• Detroit within 15 words of Tigers
detroit * tigers
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How about the others?
Exalead.com• Proximity search• The NEAR operator finds documents where the query terms are
within 16 words of each other. The NEXT operator finds documents where the query terms are next to each other.
• movie star NEAR hollywood• Searches for documents where movie star appears in close proximity
to hollywood.• movie NEXT star• Searches for documents where movie and star appear next to each
other in that order.
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Find it Online with Web 2.0
Going beyond Google
• Myspace.com• Exalead.com• Technorati.com• Icerocket.com• Ebay.com• Flickr.com• Alltheweb.com• Blogs.com• lococitato.com• yoname.com• brbpub.com
• Archive.org• Zoominfo.com• Google.com• Guidestar.org• Facebook.com• Linkedin.com• Spoke.com
$$$$$$$$• Factiva.com• Accurint.com
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Myspace.com hits
• Navigant Consulting had 76 hits• Aon Consulting had 116• Deloitte had 5,730 hits
Please note, many hits are from job listings.
But not all!
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Arn’s an Accountant
• Major: Accounting/FinanceClubs: Courses in: intermediate accounting, auditing, cost accounting, federal taxation (individual & corporate), government & nonprofit accounting, information systems/telecommunications, financial management, preventing/detecting financial fraud
Arn’s Employers
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Map him to find out his connections
Lococitato.com
SOCIAL NETWORKS ARE NOT JUST FOR KIDS!
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Spoke.com
Technorati.com
Try searching “hate my job”
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Flickr.com
Try searching “at work” or for your company!
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Those funny boxes means there is a detailed description of what you are seeing.
Ebay
• Go to “Advanced Search” from the homepage, upper right hand corner
• Choose “Find a Member” from the left hand column.Type in the firsthalf of the person’s personal email address.For example:[email protected]
Type in “crazybird”
Check HR for the person’s resume for old email addresses.
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Ebay Con’t
• Multiple resultsto explore!
Zoominfo.com
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Non-Profit and Charities
• Guidestar.org– Search GuideStar's database of more than 700,000 U.S.
nonprofit organizations.
• Grantsmart.org– We have gathered data about private foundation activities
that may be of interest to grantseekers, philanthropic organizations, and individual donors. 60,000 non-profit organizations.
Guidestar.org
April 2008 - ACAMS
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NEWS IS FOREVER
Cynthia Hetherington Aon Consulting
Managing Director, Corporate Investigative & Security ServicesFinancial Advisory & Litigation Consulting Services Practice
Office: 973-463-6062Fax: 973-463-6135
THANK YOU