For a $2.2 billion judgment collection, DBA provided extensive asset locate and financial research abilities in the case New World TMT v. Prediwave, which involved investment in mainland China cable TV technology. Our careful interviews and research uncovered massive insider executive fraud. That led to the client seizing control and then a $2.2 billion judgment collection effort which involved hunting worldwide for the civil fugitive and nearly $1 billion in embezzled liquid assets.
The reverse merger of Chinese corporations onto NASDAQ, over a period of seven years, resulted in most failing and then complex investor lawsuits. Our in-depth 2016 investigation clearly outlined the background of the trading, the short selling influences and corporate operations history in the USA and China. Several months after we finished our investigation, the center of it, Benjamin Wei, was arrested by the FBI and SEC, as detailed by a long article in the New York Times.
Pirated cargo ships heading to China became the topic of a DBA inquiry on behalf of attorneys representing mainland China. It seemed China was plagued with numerous missing freighters transporting scrap iron to their steel industry. DBA prepared a manual of all relevant institutions, databases and protocols for keeping track of high seas shipping. DBA then used that information, along with a study of scrap iron brokering, to prove the missing ships had not been pirated. Instead, in an apparent money laundering fraud, the ships had never existed and had never been loaded with the commodities listed in the fake manifests.
A private airline in Nairobi, Kenya, became involved in a local civil business litigation that threatened its very existence. This airline has major contracts with the UN and various NGOs to fly into some of the most difficult places in Africa, including Somalia and Sudan. Its operators previously flew into places like Kosovo and Kabul, including being the last plane on the ground in Kabul as the Taliban entered the city. In 2014 DBA was hired to provide research into the background of the plaintiffs, who had a substantial US existence. Research took DBA to Kenya, where we also testified in court to deliver the important evidence collected.
The reverse merger of Chinese corporations onto NASDAQ, over a period of seven years, resulted in most failing and then complex investor lawsuits. Our in-depth 2016 investigation clearly outlined the background of the trading, the short selling influences and corporate operations history in the USA and China. Several months after we finished our investigation, the center of it, Benjamin Wei, was arrested by the FBI and SEC, as detailed by a long article in the New York Times.
Pirated cargo ships heading to China became the topic of a DBA inquiry on behalf of attorneys representing mainland China. It seemed China was plagued with numerous missing freighters transporting scrap iron to their steel industry. DBA prepared a manual of all relevant institutions, databases and protocols for keeping track of high seas shipping. DBA then used that information, along with a study of scrap iron brokering, to prove the missing ships had not been pirated. Instead, in an apparent money laundering fraud, the ships had never existed and had never been loaded with the commodities listed in the fake manifests.
A private airline in Nairobi, Kenya, became involved in a local civil business litigation that threatened its very existence. This airline has major contracts with the UN and various NGOs to fly into some of the most difficult places in Africa, including Somalia and Sudan. Its operators previously flew into places like Kosovo and Kabul, including being the last plane on the ground in Kabul as the Taliban entered the city. In 2014 DBA was hired to provide research into the background of the plaintiffs, who had a substantial US existence. Research took DBA to Kenya, where we also testified in court to deliver the important evidence collected.
