The energy sector is a massive portion of the world’s economy, dealing mainly in petroleum – including upstream (exploration, development and production of crude oil or natural gas) and downstream (oil tankers, refiners, retailers and consumers) pipeline. As a raw material, petroleum is used for a number of chemical products, including pharmaceuticals, fertilisers, pesticides, solvents, and plastics.

With so much at stake in terms of money and resources, it should be no surprise that the oil and gas industry is also rife with fraud risks. Much of this criminal activity concerns investment scams. Whether limited partnerships, complex lease agreements, and general partnerships, fraudsters will seek to find vulnerable targets. Oil and gas investment schemes often use telemarketing boiler rooms and email promotions to find investors to dupe. They are con artists who use high-pressure sales techniques to squeeze hard earned dollars from unwary investors.

CRI Group’s commercial investigation agents know the red flags of oil and gas fraud schemes. Our team will conduct thorough due diligence for every investment opportunity so that investors will understand the true nature of the investment and go into a transaction with a full set of facts. Large, reputational oil and gas organisations are also at risk – from contractors, prospectors, and any fraudster looking to take advantage of vulnerabilities. Let our team of Certified Fraud Examiners (CFEs) conduct a full fraud risk assessment and implement necessary safeguards to help prevent fraud.

Learn more about our solutions for your business.


5 ways COVID-19 impacted background checks

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