Romesh Ratnesar:  You're the head of a private investigative firm, Quest Research and Investigations LLC, and have written a book on your industry, "The Modern Detective: How Corporate Intelligence Is Reshaping the World." One of the themes of the book is the role that private detectives play in keeping the global financial system solvent by exposing fraud. Based on your experience, are cases of financial and business fraud more prevalent than people are aware of?

Tyler Maroney:  Private detectives are hired by companies, sometimes through outside counsel, to conduct internal investigations. The advantage for companies to hire investigators themselves is that they can control the investigation, so to speak, as opposed to having to go directly to law enforcement. This doesn't mean that they're sweeping fraud under the rug. But it does mean that sometimes private detectives find evidence of wrongdoing that might not reach the level of reportable criminal behavior but is nonetheless important to know about.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.