ABSTRACT
Each stage of the investigation should be documented and interim and final reports prepared, addressed to the company's legal advisers. The report should be professionally written and indexed. It should be supported by copies of all exhibits, statements and detailed schedules. The pages of the report should be numbered, and they should be bound in one or more folders. Each page should be marked: confidential. The various theories or opinions of how and why the fraud or loss occurred may be discussed, but opinions should be clearly distinguished from evidence. A list of all criminal or civil actions brought against the perpetrators and their accomplices should be provided. In major cases, a lawyer who has not been involved in the investigation should review the report and the supporting evidence in detail, and consider, if he were asked to defend the suspects or the fidelity insurance company, what line he would take and which evidence he would attack.
