ORRICK, HERRINGTON BACKGROUND & SUTCLIFFE INTELLIGENCE, INC. - - PowerPoint PPT Presentation

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ORRICK, HERRINGTON BACKGROUND & SUTCLIFFE INTELLIGENCE, INC. - - PowerPoint PPT Presentation

Jan 01, 2024 273 likes •387 views

Early Warning Signs And Resources ORRICK, HERRINGTON BACKGROUND & SUTCLIFFE INTELLIGENCE, INC. 213/612-2204 213/243-0707 www.orrick.com www.backgroundintelligence.com INITIAL BRIEFING Start-up Surgery Center (not in operation)

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SLIDE 1

Early Warning Signs… And Resources

ORRICK, HERRINGTON & SUTCLIFFE 213/612-2204 www.orrick.com BACKGROUND INTELLIGENCE, INC. 213/243-0707 www.backgroundintelligence.com

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SLIDE 2

INITIAL BRIEFING

 Start-up Surgery Center (not in operation)  Two primary Partners (70% and 10%)  Five other investors  The consultant “Bob”  Pattern of financial funny business

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SLIDE 3

 Unsigned Agreement with Surgery Center

  • Marketing and management
  • Develop new physician contacts
  • Develop contracts with healthcare providers

 Actual role (without Partner oversight)

  • Managed all aspects of Surgery Center start-up
  • Assisted in real estate lease negotiation
  • Oversaw space build-out/construction
  • Leased or purchased medical equipment/furnishings
  • Hired staff
  • Managed all financial and billing activity
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SLIDE 4

OPEN HOUSE…celebrating grand opening of Surgery Center 01/17/14 Bob fired Bob emptied out Surgery Center office, leaving “trash” 01/20/14 BRIEFING FROM PARTNERS 01/14/14 OPEN HOUSE…celebrating grand opening of Surgery Center 01/17/14 Consultant fired Emptied out Surgery Center office, leaving “trash” 01/20/14 BRIEFING FROM PARTNERS

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SLIDE 5

Chaos

Computers, financial records and vendor information taken by consultant

Muddled records

Everyone under suspicion (including bank)

Secure office (restrict access, change locks)

Partners tapped out

  • Refinanced homes
  • Loans (SBA loan)

Corporate attorney involvement

Limited funds to pay investigators

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SLIDE 6

 Current assets  Identify business entities  Liens, judgments, or factors that may affect collections  Identify the parties: complicit relationships and

business interrelationships

 Document others scammed by consultant  Facts: benefit negotiations or influence collections

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SLIDE 7

 Proprietary databases  Public records

  • Court search in each jurisdiction
  • Recorder’s office

 Social networking sites  Title searches  Telephone interviews

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SLIDE 8

B (Bob’s dead dad) SLF (Bob’s former wife) RM JN Nurse LB AC JG R F. N T J. T LV KL

(aliases; Bob’s fiancée)

MR EKP

“BOB”

CFN (aliases; Bob’s wife) VP (multiple aliases) JO GS

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SLIDE 9

AAG AAA, PC MCA, LLC

SCSM, LLC

SCL, LLC

GA GFA A, LLC

NHM S SCPA

AAG AAA, PC MCA, LLC SCL, LLC NHM S SCPA EP AH CCAM SCSC ARB SSI SSM SSI KRN SCSM, LLC SCS, LLC SCMSC SCS TLM GA GFA SM A, LLC LBn, LLC

SSI, LLC

Bob’s Companies Tied to Surgery Center Bob’s Other Companies

LBn, LLC

EP AH

CCAM SCSC

BOB

TLM SCMSC SCS SM SCS, LLC ARB SSI KRN SSM

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SLIDE 10