Livent co-founders convicted of fraud and forgery over manipulated books
Livent Inc. · Live theatre production
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
Books edit log
Would have shown journal entries that moved costs between shows and periods.
Can mislead when: Logs can be disabled at database level (auditors qualified this in year one) or tampered with on export. Kubr needs the company to cooperate.
Bank credits vs books
Would have tested reported income against cash receipts.
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.
Governance signals
Would have flagged founder control of the finance function.
Can mislead when: Private companies file late, so these signals are lagging. Kubr uses them to support other flags, not to prove anything alone.
Regulatory & litigation records
Would have surfaced regulator and litigation records.
Can mislead when: Court records lag and name spellings vary. A clean record can mean the problem has not reached court yet.
Where Kubr services would have helped
Valuation context
Offered in India- C8 Would have surfaced regulator and litigation records.
- C11 Would have flagged founder control of the finance function.
Portfolio monitor
Offered in India- C1 Would have tested reported income against cash receipts.
- C8 Would have surfaced regulator and litigation records.
- C11 Would have flagged founder control of the finance function.
Borrower monitor
Offered in India- C1 Would have tested reported income against cash receipts.
- C8 Would have surfaced regulator and litigation records.
- C11 Would have flagged founder control of the finance function.
Verified Snapshot
Offered in India- C8 Would have surfaced regulator and litigation records.
- C11 Would have flagged founder control of the finance function.
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.