Effective Investigations: Precisely Analyze Corporate Networks with Palturai FraudTracer
Investigating authorities face the challenge of analyzing complex corporate structures. These networks - comprising subsidiaries, shareholdings, and joint ventures - often span multiple industries and jurisdictions. Identifying and assessing these connections requires a deep understanding of corporate landscapes and meticulous research. The vast amount of available data adds to the complexity, significantly increasing the time required for investigations. To accelerate this process and enhance investigative outcomes, efficient tools and technologies are essential.
How Does Palturai Support Investigations?
Innovative Solutions for Investigative Authorities
Palturai offers cutting-edge solutions tailored to meet the unique challenges faced by investigative authorities. With FraudTracer, investigators gain transparent insights into corporate relationships, powered by advanced artificial intelligence (AI) – a game-changer in fraud detection and risk assessment.
Early Warning System for Detecting Potential Fraud
The Fraud Prediction Index serves as a powerful early warning system, enabling investigators to quickly and efficiently identify potential fraud cases. By continuously monitoring and updating fraud probabilities, authorities can proactively detect suspicious activities and take the necessary steps to mitigate risks. The clear, percentage-based risk assessment helps prioritize urgent cases, ensuring optimal resource allocation and faster response times.
Detailed Network and Risk Assessments
The Distance to Trouble feature enhances the Fraud Prediction Index by providing an in-depth analysis of network structures and dynamics. This detailed risk assessment helps investigators understand hidden connections, track the spread of fraudulent activity, and pinpoint high-risk entities within complex networks. By identifying problematic nodes and the nature of their relationships, authorities can intervene strategically and prevent fraud more effectively.
Visualizing Corporate Networks
As an investigator, visualizing company networks enables you to quickly and effectively identify hidden connections.
Access to Public Data
Gain comprehensive access to an up-to-date database with information on companies and their networks for targeted investigations.
Fraud Prediction
Leverage AI-powered analytics to detect companies with a high likelihood of fraudulent activity and uncover potential tax fraud at an early stage.
Made in Germany
FraudTracer is developed and hosted in Germany - 100% made in Germany.
Real-World Example
A major tax evasion case involving gold transactions and missing millions centers around key figures from the Hells Angels. Following investigations by Hamburg tax authorities, four men were charged with evading €27 million in taxes. SPIEGEL examined the case and provided a detailed account of the suspected VAT fraud scheme.
According to the investigation, the accused transported precious metals worth €80 million from undisclosed sources to Berlin, disguising the origin through a shell company in Hamburg. However, it was later revealed that these transactions never actually took place.
One of the main defendants, Dirk Fähnrich, is a member and spokesperson for the Hells Angels, as well as the managing director of Beauregard GmbH. The company’s owner, Andre Stoßhoff—also on trial—has already been convicted of tax evasion. Investigators suspect Beauregard GmbH was part of a VAT carousel, in which new companies were repeatedly created and goods were moved back and forth to exploit tax loopholes.
FraudTracer: The Solution
Within the Palturai network, all companies and individuals mentioned in the case can be flagged under the “Hells Angels Mirror” category, making it easy for investigators to visualize their connections. With just a few clicks, prosecutors can uncover additional insights, such as hidden ties between Asageno GmbH and the defendants.
By identifying companies with a high fraud probability, our algorithms help authorities detect potential tax fraud at an early stage. With comprehensive access to continuously updated data, Palturai enables targeted and efficient investigations.
We would be happy to provide a detailed demo of this case.
