About Enviro-Lynx Investigations

Enviro-Lynx investigations is a leading provider of background investigations, due diligence investigations, business backgrounds and corporate intelligence solutions. We also provide a full range of investigation, fraud and litigation support services. With over 20 years of experience in this industry, our pioneering efforts in the areas of due diligence and business background investigations began long before it was commonplace. As a boutique agency, we take pride in putting our clients first. With our hand on approach to investigations, our goal is to get the most accurate, up-to-date and affordable information possible into the hands of decision-makers so that they can reduce their risk exposure and improve their decision making process.

Ethereum Scam Database helps investors avoid cryptocurrency scammers

The Ethereum Scam Database is a useful tool that helps guide cryptocurrency investors away from scammers.  Since launching last year, they have identified a total of 2,627 scams including 246 active scams.  For more information on the scams identified visit https://etherscamdb.info/.

Due Diligence for Initial Coin Offerings

The cryptocurrency market is booming with hundreds of Initial Coin Offerings (ICO) looking for financial support from investors.  Not all of these ICO will be successful and all such investments are considered to be high-risk with the potential for high return.  So, how do you evaluate which ICOs are legitimate and which will have the best chance of being successful?   Through due diligence of course!

Here are some things to look at prior to making an investment:

  • Research and learn all you can about Initial Coin Offerings. An ICO is a crowdfunding event to raise money for a new cryptocurrency asset, company, or venture.  Unlike an Initial Public Offering (IPO), you don’t necessarily own shares of the company. Instead, you own tokens that can be traded on exchanges; the values of which will rise or fall depending on the success of the venture.  Currently, ICO are unregulated so they offer both greater risk and greater rewards for investor.
  • Evaluate the ICO venture.
  • Research the target market. Just like any other start-up, you want to understand who their target customer is, the size of the market and whether the market is likely to increase or decrease.
  • Research the competition. Look at what solutions other companies are providing.
  • Ask for a comprehensive business plan and financial plan. Understand how much the ICO is trying to raise and why.  Find out know they plan to spend the money raised and determine what their timeline is for product rollout?
  • Since there are no legal reporting requirements for ICOs to accurately reports key information to investors, an analysis of peer reviewed comments and positing may prove invaluable.  This information must also be taken with a grain of salt however as peer reviews have been known to be swayed or bought.
  • Evaluate the community support to determine if the ICO will be supported by reliable exchanges.
  • Evaluate the funding and distribution of coins. How many coins will be created and distributed?  Not all ICOs are distributing all of the circulating supply of tokens.
  • Evaluate the team behind the ICO. After all, you need a competent team to manage substantial funds.  A team with experience, integrity and an in-depth understanding of the community and the market is one of the most important criteria for success.

With a proper due diligence, investors can identify the pros and cons of each investment.  The ICO market is still in its infancy and will no doubt go through many ups and down.  Some ICOs may be more popular than other, trading up quickly.  But real questions must be asked to determine if there is something substantial behind the coin to support its continued growth and success.

Professional Tenants with Criminal History Exposed

‘Professional Tenant’ with Criminal History Exposed – The Investigators with Diane Swain. This great show provides a great overview of the risks facing landlords and tips on how to protect yourself.

http://www.cbc.ca/news/professional-tenant-with-criminal-history-exposed-the-investigators-with-diana-swain-1.4408571

Exposing Fake Degrees

Marketplace just aired a great program on the fake degree industry and the extent to which FAKE DEGREES have become so widespread.  Don’t just believe the words on a resume, LinkedIn profile or a nicely framed certificate hanging on the wall.  Always check and know who you are dealing with!

http://www.cbc.ca/marketplace/episodes/2015-2016/fake-degrees-exposing-canadians-with-phoney-credentials

Is Canada a haven for Shell Companies?

Most people do not think of Canada as being a haven for shell companies and corporate tax-abusers however an investigative article recently published by the CBC and the Toronto Star and based on information found in the Panama Papers, finds that Canada is in fact a growing fertile ground for shell companies.
 
Shell companies can be used for many purposes – both legitimate and illegitimate. They can also be used to provide a certain legitimacy to a company that may otherwise have none. From a due diligence perspective, this concerns us.
 
I have recently had several international clients tell me that they do not need to conduct a comprehensive due diligence investigation on a company, simply because it is headquartered in Canada. This is a misconception that can lead to expensive consequences. A due diligence investigation on any company you do business with is always a good idea … no matter where they are located or how good they look on paper.