Engagement
A Brazilian asset manager needed to investigate the assets of a prominent Brazilian real estate developer who had defaulted on a large loan to which the asset manager was a creditor.
Investigation
The developer was heavily in debt and appeared to have no assets. However, a closer look at his public profile, including a review of social media postings relevant to he and his family, uncovered links between the developer and real estate holdings in New York. Gryphon further identified a web of corporations that the developer had established in the U.S., Canada and Puerto Rico, which were actively involved in the purchase and sale of tens of millions of dollars of real estate.
Result
After presenting these findings to the civil court in Brazil, our client received authorization to seize all of the developer’s known assets in the U.S. The seized property was auctioned off in order to cover the amount of the unpaid loan and two decades of unpaid interest.
