Latest news:

September 20, 2011
Deloitte appointed to UBS rogue trader probe

Read more ...

More info:

Global Forensics is wholly owned by JFW Media Limited, a private company set up eight years ago by the Group Editor, John Willcock.

JFW Media also publishes the market leading magazine Global Turnaround for international business rescue and insolvency specialists


- Global Turnaround


News from Global Forensics

Tuesday, September 20, 2011

Deloitte appointed to UBS rogue trader probe

See the latest issue for more on this.

Tuesday, December 14, 2010

Storms ahead for cloud computing if security concerns are ignored

The UK's Minister for communications Ed Vaizey stressed the importance of cloud computing at the third annual UK-China Internet Forum in London in November but also warned that data security issues must be addressed or the concept would never win the public's confidence. To read more you must log on...

Wednesday, June 30, 2010

Vantis goes through pre-pack Administration

Vantis goes through pre-pack Administration. For more information click on Resources

Thursday, May 27, 2010

Goldman case increases pressure for litigation

The programme of regulation that investment banks, hedge funds and private equity houses assumed was going to engulf them following the advent of the credit crunch two years ago but which failed to appear was suddenly jump-started into life on 16 April by the SEC's civil suit accusing Goldman Sachs of derivatives fraud. To read more you must log on...

Friday, March 05, 2010

Outsourcing boom will boost risk control work - and litigation

The credit crunch has prompted a new outsourcing boom, with legal and accountancy services now set to move east as well as manufacturing. The argument for transferring routine work to much lower cost countries like India and China is compelling. To read more you must log on...

Wednesday, August 05, 2009

TJ Maxx owner pays out over data thefts

TJ Maxx owner pays out over data thefts. Retails stores giant TJX has agreed to pay nearly US$10 million to 41 US states for one of the biggest data breaches in history that enabled the theft of informtaion on more than 94 million customers.

Thursday, May 21, 2009

The UK launches Bribery Bill

The UK Ministry of Justice published a Draft Bribery Bill on 22 April, following years of criticism from other countries, and bodies like the OECD, that it has been dragging its feet on the fight against crime.

Tuesday, April 21, 2009

Friday, November 14, 2008

Final two MBOS at Kroll Europe.

Senior partners at Kroll’s European restructuring and insolvency practice based in London have completed long-awaited MBOs from parent Marsh & McLennan Companies (MMC) to create two separate new boutiques, Talbot Hughes McKillop and Zolfo Cooper. The second MBO has been completed in tandem with New York based Kroll Zolfo Cooper, led by Joff Mitchell, to form two separate partnerships trading under the global brand of Zolfo Cooper. The New York deal was announced earlier this week. Zolfo Cooper will continue the practice’s partnerships and continued affiliations in Asia, Australia, and the Caribbean. Simon Freakley will act as chief executive of Zolfo Cooper Europe. The London-based practice also includes Simon Appell, Alastair Beveridge, Gary Squires and Peter Saville. Zolfo Cooper Europe is strong in insolvency work as well as restructuring. Talbot Hughes McKillop meanwhile is keen to emphasise that it is focussed on restructuring, and it will not be doing insolvency work. Paul Horn will act as managing partner of Talbot Hughes McKillop. The Talbot Hughes McKillop restructuring practice was bought by Kroll in 2005 and the business is reverting back to its original name. The original founders of the business, Chris Hughes, Murdoch McKillop and John Talbot, will continue their involvement with the business; Hughes and McKillop as partners and Talbot as special adviser. The firm will have 24 people initially, and is about to announce a clutch of junior hires. Other partners include Julian Gething and Dean Merritt. Paul Horn, managing partner, commented: “Our team has worked together for many years and we all share a passion for delivering outstanding services to our clients. We will continue to develop the business as the first choice provider of hands‑on solutions to complex restructuring issues. “Our independent status will also bring greater clarity to the market’s understanding of our proposition,” Horn said. Since its inception, the Talbot Hughes McKillop practice has handled some of the highest profile UK and European restructuring projects, including: Four Seasons Health Care, Johnson Service Group, Teesside Power, Danoptra, TMD Friction, Le Meridien Hotels and Marconi. Meanwhile Simon Freakley, chief executive of Zolfo Cooper Europe, said: "This is a very exciting development for our business and our people. We have enjoyed a strong year to date with our team of corporate advisory and restructuring experts being appointed on many high profile and complex assignments. “This excellent track-record and experience coupled with the continued close working relationships we will enjoy with our US colleagues and affiliates worldwide gives me great confidence for the long-term success of the newly independent Zolfo Cooper business,” said Freakley. In recent months, the Zolfo Cooper Europe team has worked on high profile assignments including the administration of XL Leisure Group plc, MFI Retail Ltd, The Laurel Pub Company, Celebrations Group Ltd, and the cross border restructuring of Sea Containers.

Thursday, October 02, 2008

TK Maxx hackers charged with 43 million thefts

While forensic professionals elsewhere may have enjoyed August sunning themselves on a beach, in the US all eyes were focused on the largest ever prosecution brought to court for identity theft and fraud. US prosecutors have charged 11 defendants with stealing the astonishing total of 43 million credit and debit card details.

Wednesday, July 30, 2008

De Grazia review into SFO

The long awaited De Grazia review of the UK's main fraud-busting agency, the Serious Fraud Office (SFO) was released in June, with a hard hitting indictment of the agency's effectiveness. For more see the July/August issue of Global Forensics.

Tuesday, April 01, 2008

FTI Consulting buys largest independent UK firm

The US-based firm FTI Consulting has bought Forensic Accounting LLP, one of the UK's leading independent forensic firms with strong links to the country's regulators and large law firms.

Tuesday, February 19, 2008

Litigation Funding Conference 12/13 March 2008 London

The market for litigation funding is growing and it is a new big sectors of interest for corporate clients, lawyers, corporates, insolvency practitioners and, crucially, funding institutions. For the first time, this conference brings together all of the key players in London in March 2008. As well as examining the legal and technical basis for the development of the the litigation funding market, this conference offers delegates an opportunity to understand the pace of change in the litigation funding space, as well as to meet and network among important players in the litigation funding market.For more information go to Event brochure

Friday, October 19, 2007

Subprime chaos prompts litigation boom

Litigation arising from the subprime meltdown in the US is already rising and set to provide work for lawyers and forensic accountants. A benchmark study on shareholder class action litigation detected cases due to the subprime chaos even though it only counted cases to the end of June.

Monday, October 01, 2007

London Fraud Forum's first conference on 4 October in London

A new London fraud forum has been launched with Alan Day, the senior audit and investigations manager from Transport for London (TfL) as its chair. The forum is a group of public and private sector organisations, drawn from accountancy and the law, that will work together to help develop practical ways to tackle fraud and provide assistance to small and medium sized businesses that do not have their own resources to concentrate on fraud. The forum’s first conference will be held on 4 October at the Barbican in London.

Monday, September 03, 2007

Credit panic stokes forensics boom

Forensic accountants and litigation lawyers around the world are preparing for a boom in work following panic in the international credit markets. Firms are anticipating more work involving claims of mis-selling, malfeasance and insurance claims, particularly for D&O (Directors and Officers) cover. There will also be more demand for valuation services and internal investigations.

Monday, August 27, 2007

US authorities launch BAE corruption probe

Europe's biggest weapons manufacturer BAE systems announced on 26 June that it was being investigated by the US Department of Justce (DOJ) in relation to anti-corruption laws, arguably the highest profile probe ever into a non-US company by the American authorities

Tuesday, June 05, 2007

Landmark ruling puts eBay under global scrutiny

For once, the term landmark ruling may be no idle hype eBay, the online auctioneer, has suffered what many perceive as a crippling blow in its efforts to fend off responsibility for the sale of fake goods on its site. The company has succeeded brilliantly in creating an entirely new global marketplace, writes Richard Phillips, yet efforts to police that marketplace remain a sore point, for much of the business community.....more

Tuesday, May 01, 2007

Record TJX hack prompts security fears

The record-breaking breach of TJK Company's computers, which involved one or more hackers unearthing, collecting and transmitting account data from at least 45.7 million credit and debit cards over a 17 month period, has prompted a worldwide re-evaluation of data security policies.

Sunday, April 01, 2007

US acts globally against online fraudsters

American authorities arrested foreign nationals overseas for the first time in March in connection with an online fraud scheme perpetrated in the US.

Thursday, March 01, 2007

KordaMentha launches forensic practice in Australia

Leading Australian insolvency boutique KordaMentha has launched a forensics practice in Sydney and Melbourne, with plans to open in other cities in Australia as well as Singapore.

Thursday, March 01, 2007

UK launches financial crime unit

The Financial Services Authority (FSA) has launched a new unit to tackle organised financial crime.

Wednesday, November 30, -0001

Vantis goes through pre-pack Administration

Vantis goes through pre-pack Administration. To read more click on Resources