US tyre business loses >$5 million due to ‘widespread financial misconduct’
“Widespread financial misconduct” has been found within a “Latin American subsidiary of a U.S.-based tyre distributor” after a tyre firm called in FTI Consulting to conduct a “forensic investigation to identify and address the root causes of the issues…”. Writing in a case study, FTI Consulting reports that its forensic investigation “uncovered a scheme involving unauthorized vendor payments, kickbacks and inventory manipulation that had been concealed by employees for personal financial gain.”