The need for asset recovery arises when the purchase of assets are hidden or written out of a business’s books completely.
How do assets “disappear”?
Business owners may try to conceal the purchase of assets from their business partners for any number of reasons. Additionally, a spouse may be secreting assets to share with a new partner in the future.
Asset recovery from employee fraud is generally minimal, unless the amount taken is substantial. In the event that the “fraudster” owns property, it is possible to obtain a court order that establishes an interest in that property. This is particularly the case where the proceeds of the crime have been applied to, or have enabled the purchase of the property.
For advice about your particular circumstances, please call us at 0800 343 343.