Agroup of entrepreneurs contacted Intelex regarding a matter they believed to be fraud. An individual claiming to be able to buy foreign letters of credit at a sizable discount approached various entrepreneurs in need of financing. The entrepreneurs were told that if they put up $250,000 each, they would be able to see a 100 to 200 percent return on their investment. With nowhere else to turn for financing, the entrepreneurs mortgaged homes and borrowed from relatives until they had enough money to put into the scheme. Once the realized that they were not going to get any money back, they hired Intelex to investigate.
Intelex first built a dossier on the individual making the false claims and found him to be a convicted felon in Canada. Intelex immediately launched an asset investigation which brought its operators to the banking centers of Luxembourg and Liechtenstein.
By tracing assets in the United States, Canada, Luxembourg, and Liechtenstein, the clients were able to secure a judgement against those involved in the fraud. In addition, Intelex has worked with the Justice Department in its investigation and eventual prosecution of those involved in the scam.