Asset Tracing and Recovery for a Family Office
Private Family Office
Finance and Real Estate
2024
The Challenge:
A client’s family member had been defrauded in a property deal worth £8 million, with the funds transferred through a series of complex international accounts to an unknown recipient. The client had exhausted conventional legal routes and approached Marengo to trace and recover the missing assets.
Our Approach:
We deployed our specialist financial investigators and used human intelligence sources in multiple jurisdictions. We identified shell companies involved in the transaction and uncovered the individuals behind the scheme. Collaborating with forensic accountants and legal teams, we provided a roadmap for asset recovery and identified leverage points for negotiations.
The Outcome:
Within six months, our intelligence led to the recovery of £6.5 million through legal action and an out-of-court settlement. The client praised our ability to navigate a complex cross-border case and described Marengo’s role as "indispensable" in achieving a favourable resolution.
