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K2 Completes Work on Incident Response With Claims Conference

April 29, 2011

NEW YORK, April 29, 2011 /PRNewswire/ — K2 Global Consulting has
completed its assignment for the Conference on Jewish Material Claims Against
Germany (the “Claims Conference”) working on its immediate response to a
fraud carried out against the organization.

The Claims Conference, headquartered in New York with offices in
Frankfurt and Tel Aviv, is responsible for disbursing compensation to
Holocaust survivors on behalf of the German government. The Claims Conference
discovered that a group of individuals had defrauded the organization out of
more than $42 million by falsifying claim applications. The organization
worked extensively with federal law enforcement authorities at uncovering the
details of the fraud, which culminated in the arrest of 16 people in November
2010
.

The work undertaken by K2 Global Consulting with respect to the Claims
Conference’s immediate response to the arrests, including providing both
security and computer forensic services, was carried out between November
2010
and January 2011.

Jeremy Kroll, CEO and Co-Founder of K2 Global Consulting said: “K2 is
pleased to have worked with the Claims Conference in its response to the
fraud that was carried out against it and wishes the organization well in its
ongoing efforts to strengthen its claims process and internal controls.”

About K2 Global Consulting

K2 Global(TM) provides specialized risk services and solutions to
corporations, sovereign nations and individuals. Using our expertise in
transactional risk assessment, corruption and fraud investigation, due
diligence and asset recovery, we help clients navigate today’s increasingly
complex global business environment. K2 Global Partners, LLC, a privately
owned company, was founded in 2009 by Jules Kroll and Jeremy Kroll. K2 is
focused on new businesses in the risk management arena, including K2 Global
Consulting, and a new credit rating agency focused on structured financial
products, Kroll Bond Rating Agency, Inc.

    For more information: http://www.k2global.net

    Contact:

    Kate Tokar
    +1-212-694-7000
    ktokar@k2global.net

SOURCE K2 Global Consulting


Source: newswire



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