Diverted $30M investor funds for personal expenses, Ponzi payments; charged November 2016
808 Renewable Energy Corp. · renewable energy
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
Bank credits vs books
Fund diversions to personal expenses and consulting fees would not match stated business purposes
Can mislead when: AA only sees the accounts the company links, so an undisclosed account stays invisible. Cash-heavy businesses and timing differences create false flags.
End-use tracing of funds
Actual use of invested capital would not align with represented renewable energy operations
Can mislead when: Kubr sees only the company's own accounts. Once money reaches a third party's bank, Kubr can flag the payee but cannot see the next hop without that party's consent.
Where Kubr services would have helped
Borrower monitor
Offered in India- C1 Fund diversions to personal expenses and consulting fees would not match stated business purposes
- C6 Actual use of invested capital would not align with represented renewable energy operations
Proceeds tracer
Offered in India- C1 Fund diversions to personal expenses and consulting fees would not match stated business purposes
- C6 Actual use of invested capital would not align with represented renewable energy operations
Financial diligence
Offered in India- C1 Fund diversions to personal expenses and consulting fees would not match stated business purposes
Model check
Offered in India- C1 Fund diversions to personal expenses and consulting fees would not match stated business purposes
Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.
Same pattern
A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.