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KNEF Consults Connect
KNEF Consults Connect (KCC) is a branch of KNEF, a registered not- for profit federal corporation in Canada. It seeks to solve the fraud issues associated with companies transacting businesses in African countries, including Ghana. KCC concerns itself with individuals or groups defrauding companies, and African companies duping international organizations, and vice versa.
It is committed to coordinating all aspects of third-party risk management, including due diligence services. It also uses its expertise to manage regulatory, reputational, and other risks involving suppliers and customers, that organizations are exposed to, especially in this fast-paced global business environment, and streamline modalities to mitigate those threats. The approach of strict regulatory compliance and the enhanced due diligence ethos that KCC has been committed to, and carries out, have saved millions of dollars for African companies and their Western counterparts, on daily basis.
We consider it not only as a tragedy, but also an emergency, should a company, whether African or Western, scams its counterpart, be it a supplier or a customer, and individuals defraud companies as brokers or agents. KCC’s objective is to avert such occurrences and to reclaim monies or proceeds from such illegalities.
" Through our private investigative mechanism, equipped with well-trained cybersecurity investigators. These experts can track and locate where illegal communications occur, for instance, for remedial actions. "
Accordingly, KNEF is willing to invest its untapped resources into enhancing compliance standards at all levels. Aside from corporation and corporation scams, KNEF also deals with individuals who seek to bankrupt the few entrepreneurs who desire to change African business image from that of a rudimentary to a sophisticated one. It has come to our attention, for example, that our partners in education, farming and mining businesses in Africa are getting hoodwinked by fundraisers and online scammers from Western countries. Hence, the KNEF team of paralegals and lawyers are dedicated to assisting, through enhanced conduct of due diligence for our partners back in Africa to escape the risk of losing processing fees before scammers’ promised funding is granted.
" KNEF, the parent of KCC, is a multi-national corporation federally registered, not-for-profit organization dedicated to dealing with scammers in the West, and those hiding behind expertise in IT to scam potential investors."
Our hard-working entrepreneurs in Africa are connecting to the West for business partnerships. Unfortunately, however, Africans are getting conned by the so-called financial groups. This not an allegation to all; those who have experienced this scam are too many to count. If you have ever looked for funding and ended up being hoodwinked, or have not heard of the investor, then we are talking to you. “Expansion needs funding” said Mr. Godwin, an economist at York University. We cannot impede considering funding in conditions where we want to expand. Recently, several companies back in Africa were defrauded by foreign investors. They charged them for services, and after getting paid, they cut off all ties with them.
African entrepreneurs tell horrific stories about how they constantly lose money to investors abroad. We currently investigated an Ontario-based corporation with a Bay Street address, only to find out that it does not exist. It is a ‘dummy’ corporation. It only exists online, and as expected, the scammers refuse to meet in person. To further hide their identity, those behind the scam, are unwilling to have virtual meetings with clients with transactions involving over a 10,000,000-dollar business deal! While the scammers, representing the dummy corporation declined to have virtual meetings with me about the potential deal, they expected our client to pay about USD 30,000 for their investment and fundraising service.
"We are prepared to offer our services to any individual and/or corporation that is willing to support industries in Ghana with our team of experienced investigators, lawyers, and paralegals in Canada."
As of now, our success rate stands at 90%, with successful clients recovering about 100% of the funds lost to them. This record positions KNEF as highly committed to creating a better environment where business could be done without trepidation.
How does KCC do it?
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We perform preliminary checks to ascertain that there is a case to answer and whether the case is worth the attention.
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We run in-depth checks of relevant pieces of information to aid in bringing the case forward.
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We use the evidence acquired to force scammers, and the banks that hold the stolen funds, to release the money to their victims.
Why should you work with KNEF?
The short answer is that we have been there. We worked on our corporation when we become a victim of a fake company. That is why we are wholly blatant in our evaluation of each situation. We’ll never take a case that we can’t win; if it can’t be fixed, we’ll tell you so. But if we feel there is a case, we get to work right away!!
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To recover losses, fraud victims, often, must pay hefty legal fees. However, it is costlier to the victim if no recovery is made. Even with recovery, the victim may still have lost a significant amount which may affect business operations. Therefore, victims should first consider what they hope to achieve before entering expensive retainer agreements with lawyers to recover monies lost to fraud. That is where KNEF comes in.
KNEF has the expertise to tackle the recovery process effectively. We do not encourage companies to engage in recovery agreements without a premium on due diligence. Recovery of assets is KNEF’s first and foremost important objective. While fees paid by fraud victims for recovery purposes should not be greater than the recovered amount itself, discovery may be equally tough to achieve. For instance, it may be difficult to estimate legal fees associated with litigating a fraud case, as the fraudster’s response is unknown. For this reason, KNEF considers three possible scenarios while dealing with fraud issues. These considerations are:
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If the fraudster chooses to fight, getting to trial and obtaining a judgment often comes at an extremely high cost to the victim.
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If the fraudster chooses to leave the jurisdiction, obtaining a judgment may not be very expensive, however, recovery may cost more than the amount of the judgment.
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If the fraudster chooses to surrender, this often leads to a settlement process and the legal fees should not be an obstacle to recovery.
All these uncertainties could be avoided by consulting our team to assist you in dealing with foreign investors, especially investments among African and Canadian companies. On a cautionary note, KNEF encourages its partners and everyone reading this to exercise due diligence in dealing with foreign investors. We are here to mitigate the risk of financial loss to clients in both Africa and Canada, through the exercise of due diligence.
If it becomes necessary to go to court for recovery, upon consultation, will.
Find the right fraud recovery lawyer for youself!
Like most areas of law, fraud recovery law is an area of expertise that should be engaged in by lawyers with requisite skills and experience In Canada, for instance, we have access to many firms that employ fraud experts. Also, we work with boutique law firms that specialize solely in fraud recovery.
For KNEF, finding the right lawyer or law firm for you is important. In doing this, we consider:
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The expertise and experience of the lawyer,
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If you feel comfortable with their advice and their plan for your case,
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The rate the lawyer charges, and
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The type of retainer (the way they will be paid) the lawyer is willing to agree to.
Lawyer’s fees – types of retainers
Traditional fee-for-service retainers
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Provide no guarantee of recovery. The fraud victim is charged fees, often on a monthly, or task or event basis, and the victim carries all the risk of the litigation and recovery.
Blended fee-for-service retainers
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Both the fraud victim and the lawyer share the risk of litigation and recovery in blended fee-for-service retainers. A lawyer will work for a percentage of their hourly rate, such as 50%, plus payment of his or her disbursements. In this situation, the other half of their fees are either paid or negotiated, from the money recovered.
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Deferred fee-for-service retainers
The lawyer carries all the risk of recovery because they are only paid from funds that are recovered, with the victim getting any excess amounts from recovery.
These types of retainers usually carry conditions, such as:
· the client pays for disbursements,
· the client pays any adverse cost awards, and/or
· the lawyer alone decides the settlement and litigation strategy, and the client must cooperate with the litigation process.
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Deferred fee-for-service retainers are common in cases where the fraud victim cannot afford to litigate.
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Contingency retainers
They are more often used in personal injury cases rather than fraud recovery cases. In a personal injury case, lawyers can recover assets from an insurance company or other debtor who is obligated to pay if the defendant is found liable. Recovery amounts in fraud recovery cases are often not sufficient to satisfy a contingency retainer.
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But this could be avoided. As a client, KNEF connects you with investors without a third party. We deal directly with investors in various areas of business. KNEF is more interested in recovery that favors avoidance of litigious processes. Hence, we urge victims of fraud to contact us. We are ready to help you.
We share in the Canadian government’s vision of combating scammers and encourage you to become a real-life superhero by arming yourself with the information you need to fight fraud and keep yourself, your family, and your money safe.
"Our team of dedicated professionals combines forensic accounting skills, financial experience, fraud investigation, and practical expertise, informed by great care, attention, and expediency to help our clients."
Fraudulent activities deprive our future and should not be encouraged in our communities. For this reason, KNEF has been fighting fraud for the past 14 years as a not-for-profit corporation.
GET YOUR MONEY BACK!
If you lost money to scammers, contact us now and we’ll work with you to get your money back!
to scammers, contact us now and we’ll work with you to get your money back!