Central Bank of Trinidad vs. CL Financial et al, a 10 Billion Dollar Bailout

Insurance, Financial Institution Management Fraud, Asset Search "Central Bank calls in Lindquist in CLICO probe" "…the Central Bank has retained the services of ace forensic investigator Robert Lindquist to sift through the tangled records of financially troubled insurance giant, CLICO, to determine whether it was a case of bad judgment or corporate malfeasance…tasked with the job of finding out what happened to cause the avalanche of financial troubles at the Lawrence Duprey-owned empire…Lindquist had no comment…'No disrespect to you but I am not talking to the press' was all he said. The investigation will be conducted within the context of... Read More...

Confidential Case, Chicago

Retail Financial Advisor Permanent Secrecy Counsel for the plaintiff in Chicago retained me with my involvement subject to a protective order. It had been agreed between Counsel for the plaintiff and the defendant that a forensic accountant, acting on behalf of the plaintiff would be granted access to the financial records of a company related to the defendant. The task was to determine if there was merit to the allegations through the examination of business transactions over a four year period and to report thereon. Upon completion and as instructed, I submitted my report to counsel for the defendant and... Read More...

National Hockey League Players’ Association, Toronto

Sports Entertainment Financial Advisor Collective Bargaining Agreement The Executive Director of the National Hockey League Players’ Association, Paul Kelly retained Lindquist as Financial Advisor in regard to the Collective Bargaining Agreement that had been negotiated between the players and the thirty team owners of the National Hockey League. The key issue was to ensure that all “Hockey Related Revenue” was being recorded properly by each of the teams, since the player’s compensation is based upon 57% of the total of such revenues. Lindquist worked closely with Executive Director Kelly over a period of nearly two years, including participating is several... Read More...

Desalcott, Trinidad

Construction Bid-Rigging, Money Laundering Procurement Process is Drained Dry The Desalination Company of Trinidad and Tobago is the largest operating desalination facility in the western hemisphere that was formed to sell desalinated seawater to a government owned agency from 2000 to 2024 on a build, own and operate basis. The Attorney General retained Lindquist to investigate allegations of bid-rigging in a process that lead to award of the plant construction to Hafeez Karamath Engineering Services Ltd and Ionics, Inc., based in the U.S. in August 1999 at a cost of US$121 million. Lindquist retained Paul Kelly and Tom Daly to... Read More...

Government of Antigua vs. Lester Bird et al in the ‘IHI’ Matter

Government Political Corruption Payments Guaranteed by Tax Revenue In March 2004, Baldwin Spencer was elected as Prime Minister of Antigua and Barbuda replacing the former Antigua Labour Party led by Lester Bird. In May 2004, the Attorney General retained Lindquist to investigate allegations of corruption regarding the former government. Lindquist called in Howard Williams and Ron Piers to assist with the mandate. In March 2006 the Attorney General filed a civil claim in the High Court of Antigua and Barbuda in the “IHI” matter that included Lester Bird, Asot Michael and Bruce Rappaport as defendants. In February 2009, the Attorney... Read More...

Piarco International Airport, Trinidad

Construction Bid-Rigging, Money Laundering A Flight into the Procurement Process In September 2000, the Attorney General of the Republic of Trinidad & Tobago retained Lindquist to conduct an investigation into allegations of corruption and procurement fraud regarding the construction of the country’s Piarco international airport at a cost of some US$110 million. Lindquist called in Hans Marschdorf and Rod Stamler to assist with the mandate. Our interim report was issued within two months on the Friday prior to the country’s general election held in early December 2000. The AG’s political party won the election, but the investigation did not continue.... Read More...

LISA vs. Juan Jose Gutierrez Mayorga, et al, Defendants, Guatemala

Manufacturing Financial Advisor Egg Hunt The first LISA, S.A. lawsuit was dated February 1998 and filed in Miami which touched off litigation between the parties in ten different jurisdictions over a ten year period. Some cases do need staying power. After the events in 1998 and 1999, Counsel required the assistance of a forensic accountant to assist their client in defending the various allegations of financial impropriety and in particular to critique the other side’s expert report. The plaintiff, a family member and a minority shareholder, alleged various claims against his fellow family members and majority shareholders. Each allegation was... Read More...

Shanghai Centre, China

Construction Financial Advisor Cost Overruns and Wrongful Termination Shanghai Centre is the first mixed-use project in Shanghai that includes 472 apartments and a 605 room Ritz-Carlton hotel. The dispute resulted in one party seeking recovery of lost fees and an undetermined amount connected to the alleged wrongful termination. Counsel required the assistance of a forensic accountant to critique the other side’s expert report that alleged a $70 million fraud in the overseeing of the renovations and management of the property. Each allegation was investigated and a response prepared to assist counsel with the action. Read “Portman seeks fees from partners... Read More...

Petroleo Brasileiro SA, Brazil et al vs. U. S. Fidelity et al

Oil and Gas Surety Claim, Financial Advisor Surviving a Bankrupt Contractor Petrobras, the national oil company of Brazil, filed a claim under its surety bond with two U.S. insurance carriers, US Fidelity and Guaranty Company and American Home Assurance Company who had provided coverage to Brazilian contractors for the construction of two naval oil rigs known as P-19 and P-31 at a coverage amount of $110 million and $168 million respectively. P-19 was the conversion of a platform formerly used for oil and gas exploration into a semisubmersible oil and gas production platform. P-31 was the conversion of an oil... Read More...