Intellectual Property Infringement and Royalty Fraud

Intellectual Property Infringement and Royalty Fraud can have untold impacts on a company's revenues and profits, and in the worse case scenario result in the founding of new competitors undermining a company's USP

CASE STUDY 1: Intellectual Property infringement

A US based media company, asked us to review the accounting records of a distributor in the Far East. The management of the distributor were initially reluctant to give us access to carry out our work but eventually agreed. We identified  infringements in respect of the timing of payments, disclosure, and distribution agreements, in addition to understated royalties. 

case study 2: under-reported royalty fraud 

The Dutch entity of a multinational electronics company, asked us to carry out a forensic audit of the royalties declared by a licencee operating in Thailand and China. We undertook a review of the production and sales records of the licencee, and identified royalties had been significantly, and deliberately, understated by more than $250k. 

CASE STUDY 3 - INTELLECTUAL PROPERTY THEFT

A subsidiary of a NYSE listed company, wanted to assess the value of intellectual property infringement in Shanghai. We undertook covert investigations to counterfeit producers and sellers in Shanghai and provided a report to assess the potential impact on revenue to the client.