Venture Capital Firm Due Diligence

Outcome: Uncovered public relations firm officer drug trafficking history resulting in client venture capital firm declining financing.

A venture capital firm retained us to conduct a due diligence prior to making a substantial investment in a public relations firm. Our inquiry disclosed that an officer of the public relations firm had been convicted of drug possession and check fraud and two financial backers in the public relations firm had been convicted of drug trafficking. Client decided against financing.