With Five-Fold Increase in Bank Failures, Applied Facts Adds New Services to Assist Financial Institutions

Jan 11, 2010, 22:13 ET from Applied Facts

LOS ANGELES, Jan. 11 /PRNewswire/ -- In the wake of the ongoing economic turmoil within financial institutions, Applied Facts, a global corporate investigations firm, announces the addition of new services to assist financial institutions with regulation compliance and risk mitigation. This coincides with the FDIC reporting 140 bank failures in 2009, compared to 26 in 2008.

The five-year-old firm, known for its corporate and entertainment specialties, recently augmented its service portfolio to offer options designed to assist financial institutions in executing their risk management strategy.  "Financial institutions of all sizes are under escalating scrutiny relative to the effectiveness of their risk management practices," states Henry Kupperman, Applied Facts' Executive Managing Director and General Counsel.  Kupperman, a former litigation partner at Brobeck, continues, "The financial institution consultation program developed by Applied Facts is designed to allow the institution's management to devote its time and attention to the day-to-day requirements of running the business while ensuring compliance with state and federal regulations and meeting its financial objectives."

A sample of the new service offerings that Applied Facts has customized specifically for financial institutions includes:

  • Senior Management Consulting
  • Forensic Accounting Investigative Services
  • Internal Controls and Compliance Monitoring
  • Special Assets
  • Asset Search and Recovery
  • Computer Forensics
  • Litigation Intelligence

John Sboto, Applied Facts' Senior Forensic Accountant, states, "Financial institutions face a daunting regulatory and economic environment today, which is resulting in instability and asset write-downs, as well as a loss of investor confidence.  Applied Facts has the experience and personnel to help financial institutions not only resolve these current concerns, but take advantage of this difficult market to increase growth as the economy recovers."  

Applied Facts recently announced the addition of John F. Woodhead, Senior Management Consultant, to the Applied Facts team.  Mr. Woodhead has over 35 years of experience in leading re-engineering, acquisition, merger, sale, and integration efforts for corporations and financial institutions.  He recently led the turnaround and transition of a troubled mortgage bank to a profitable commercial and retail institution. Mr. Woodhead, who holds a MBA from Harvard University, is expected to play a pivotal role in Applied Facts' financial institution consulting program.  

About Applied Facts

Applied Facts is a global corporate investigations and security consulting firm.  The firm performs a variety of investigations including internal corporate investigations, complex litigation support, intellectual property, white collar matters, fraud, employment, due diligence, forensic accounting and computer forensics. The firm's founder, Sergio Robleto, formerly ran the City of Los Angeles' Metropolitan Forgery Section.  According to Mr. Robleto, the Applied Facts team of trusted professionals has extensive experience gathering information in an ethical and discreet manner that preserves the integrity of the investigation and withstands legal scrutiny.

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Henry Kupperman


Sergio Robleto


SOURCE Applied Facts