NEW YORK, July 23, 2009 — Over the past few years, McCann Global investigators have heard that "we do our own backgrounds using Internet-based background services." The main reason: they are cheap. In an attempt to save a few hundred dollars on significant investments, these firms continue to utilize these services until they run into trouble. They unknowingly expose their firms, and their investments, to levels of risk that could be called into question at a later time.
What are the limits to most Internet-based background services? Let's discuss a few that can cause real risk.
1. Limited or No Civil Litigation Checks in County or District Courts: RED FLAG
Problem: The person being "checked" could have scores of civil cases pending or show a track record of material litigation. This research must be done manually, one case at a time, and can result in a "miss" in an online background check. The civil litigation search may show that cases which have criminal overtones, however, were simply not large enough for the local or federal attorneys to pursue. Examples of material issues include factoring fraud, banking fraud, or consumer fraud.
2. Undisclosed Officer of Corporations: RED FLAG
Problem: The person being "checked" may be involved in scores of other companies, some of which may be competitive to your interests. Involvement in other entities can pose a significant drain of the person's time. Even if you know some of the other companies they are involved in, it is good practice to disclose so other minority shareholders are kept fully informed. Internet-based background checks do not check Secretary of State and SEC databases because these checks are manual.
3. No Analysis of "Net Data Grab": RED FLAG
Problem: The Internet background services can grab a lot of information, much of it not relevant to the person being checked. This lack of analysis can cause the person looking at the pages of information to make errors in hiring.
With over 25 years of investigative practice, McCann Global combines former law enforcement with principals that have venture capital and private equity experience. Our principals, unlike most investigators, have years of experience in the capital raising and finance worlds. They understand the terms and language of your business and can be valued advisors if you are acquiring a business, closing a funding round, or looking to place debt. At McCann Global, we understand that all investments have risk; we simply believe that the more informed our clients are the better they are at evaluating the risk and the potential rewards of an investment.
Find out what makes McCann Global unique. Call us to discuss your due diligence or background of a potential investment. McCann Global stands ready to make you "informed and secure."
About McCann Global:
Our clients keep moving forward, growing, reaching into new areas.
We stand shoulder-to-shoulder with our clients as their trusted right hand. We combine decades of law enforcement experience and over 25 years of private sector experience. Our unique experience gives us a powerful insight on how to best serve our private sector clients.
McCann Global' s reach is extensive in the markets that we serve. For over four decades, our principals have held senior public and private sector positions in the security industry. McCann Global' s reach is also well beyond the regional areas of New York and Houston. McCann Global' s principals have worked directly with the national and international public and private sector and current and former law enforcement personnel. McCann Global has strong connections and relationships with former and current senior and local personnel in key cities around the world. McCann Global groups its services into two key deliverables: Informed and Secured. We call that service the McCann Global IS. Hiring the right corporate investigation firm is a serious decision. After all, it is the experience that matters.
Informed Services Include: Backgrounds, Investigations, Computer Forensics, and Due Diligence
Secured Services Include: Security and Risk Assessment, Technical Electronic Counter Measures, Video and GPS Monitoring, and Physical Protection
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