Secretariat conducts in-depth investigations into fraud and misconduct in large-scale construction projects, leveraging forensic accounting, data analytics, and industry expertise to help clients mitigate risk, recover costs, and enhance compliance.
Construction projects, with their significant capital requirements and complex network of constituents, are especially vulnerable to financial and reputational risks. From whistleblower allegations and internal fraud to regulatory inquiries and disputes, construction industry stakeholders must be prepared to effectively address indications of misconduct, including procurement irregularities, bribery and corruption, and conflicts of interest and misreporting.
Secretariat is a trusted by public and private owners, contractors, developers, investors, lenders, and their outside counsel to conduct sensitive and complex investigations into allegations of fraud, waste, and abuse in construction projects.
Our global Investigations & Disputes team brings expertise in forensic accounting, data analytics, compliance, forensic due diligence, business intelligence, and asset recovery. Often working with our global team of delay and quantum experts, engineers, project managers, architects, and other construction industry professionals, we conduct comprehensive investigations into allegations of fraud and misconduct regarding construction projects of all types and sizes. This includes investigating allegations of various bid rigging schemes, improper accounting of project costs, underreporting of estimated completion costs, revenue recognition issues and improper claims and change orders, false payment applications and fraudulent invoices, kickbacks, and misappropriation of materials or equipment from job sites.
We leverage comprehensive forensic accounting skills, advanced data analytics, and open-source and human intelligence sources to uncover the facts behind allegations enabling our clients to make informed decisions, take appropriate corrective actions, recover costs, navigate litigation, and strengthen compliance protocols. Every investigation is tailored to the specific allegations, delivering well-supported forensic analysis and expert testimony when required.
Our comprehensive Construction Fraud services include:
New York and California Step Forward as Federal Enforcement Retreats
As federal regulatory priorities narrow under the Trump administration, state attorneys general and financial regulators are preparing to take on a more active role in white collar and securities enforcement. With the DOJ and the SEC recalibrating their focus, states such as New York and California are asserting their authority to fill gaps in corporate oversight.
Policy News and Stock Market Volatility
When it comes to explaining stock market volatility, the story is rarely straightforward. In their article Policy News and Stock Market Volatility for the Journal of Financial Economics, Director Kyle Kost and coauthors Scott R. Baker, Nicholas Bloom, and Steven J. Davis revisit Robert Shiller’s 1981 finding that stock market fluctuations cannot be fully explained by realized future dividends.
This article focuses on the two main dispute mechanisms under the Premier League’s Rules: disciplinary proceedings under Rule W and arbitration under Rule X. The article also looks at the role of experts in both sets of proceedings.