Supporting litigation counsel in efforts to recover nearly $200 million in fraudulent transfers. Litigation is pending.
VOIP Guardian was a telecom factoring company, addressing the working capital needs of Tier 3 telecom carriers using VoIP technology. Specifically, the company provided trade finance and factoring services to small and mid-sized wholesale telecom carriers that had been awarded contracts to engage in the routing and termination of international calls and other communication services for large Tier 1 telecom carrier clients. The Trustee of VOIP Guardian seeks damages from certain former directors and officers of the company for breach of their fiduciary duty of care and loyalty, and avoidance of transfers to certain defendants, which directly led to the company’s demise and loss of over $200 million.
Force 10 was employed to make sense of the tens of thousands of financial transactions routed worldwide. Force 10 began with thousands of paper bank statement pages and mostly programmatically created a database that illustrates and provides litigation-ready sources and uses, funds flow and primary and secondary recipients.