Kroll WorldWide Associates Inc.

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Kroll is a global risk consulting company headquartered in New York. Since its founding in 1972 by Jules B. Kroll, the company has expanded beyond private investigation and security services into all areas of corporate risk mitigation including background screening, business intelligence, forensic accounting, electronic discovery, and data recovery, among others. It is a subsidiary of Marsh & McLennan Companies.

History

In 2002, Kroll acquired Kelly McCann's firm Crucible Security Services. McCann is now Senior Vice President of Kroll's security services and training departments.

Kroll was itself acquired by professional services firm Marsh & McLennan Companies in July 2004. Lead on the Marsh side as chairman and CEO was Jeffrey W. Greenberg, the son of AIG CEO Maurice R. Greenberg, but he had to resign from his posts at Marsh on October 25, 2004 in favour of Michael G. Cherkasky, who was formerly with Kroll.

In March of 2004, Kroll hired co-founder of Defence Systems Limited, Alastair Morrison, to lead a new subsidiary, Kroll Security International Inc., based out of Kroll's Europe, Middle East & Africa (EMEA) regional headquarters in London. They will assume responsibility for overseeing the Iraq assignments, global kidnap for ransom, as well as the security services work conducted in Latin America and the Asia-Pacific. [1]

Kroll is a member of the Private Security Company Association of Iraq.

Notable Cases

Spying

In October 2004, police raided the Brazil offices of Kroll Inc. Federal police stated the raids were in connection with Kroll's investigation of dairy firm Parmalat. Kroll suggested the raids were related to its investigation into Telecom Italia on behalf of its client Brasil Telecom.[1] Telecom Italia offices in Brazil and Italy were raised as well and some members of its Tiger Team were arrested for international espionage in order to light about the counterintelligence performed against Kroll. Previously, Brazilian daily Folha de S. Paulo claimed Kroll spied on Presidential adviser Luiz Gushiken, a claim denied by the firm.


The Heroin Trail case

In 1987, in the prominent First Amendment case over The Heroin Trail stories in New York Newsday, attorney Floyd Abrams enlisted Kroll's help to find an eyewitness: "But was it conceivable that we could come up with an eyewitness who could be of help? I called Jules Kroll, the CEO of Kroll Associates, the nation's most acclaimed investigative firm, to ask him if he could inquire, through the extensive range of former law enforcement officials employed by him, whether Karaduman was known to be a drug trafficker in Istanbul."[2] Kroll came through: two weeks into the trial the firm produced Faraculah Arras, who was prepared to testify he was involved in one of Karaduman's drug deals. "I was stunned," recalled Abrams.

Abrams used Kroll again in 1998 to investigate claims by CNN's Newstand documentary that sarin nerve gas had been used in Vietnam in 1970 as part of Operation Tailwind.[3]

WTC & Sears Tower security

Kroll were responsible for revamping security at the World Trade Center after the 1993 World Trade Center bombing.[4] They also took on responsibility for security at Chicago's Sears Tower following the September 11, 2001 attacks.[5]

Other products - Identity Theft Shield

Kroll entered into a joint marketing agreement with legal service plan provider Pre-Paid Legal Services, Inc. in 2003, to distribute an identity theft product to consumers, called the Identity Theft Shield, the first time Kroll offered a service to individuals.[6] As of June 30, 2006, Kroll had over 560,000 customers, according to Pre-Paid Legal's quarterly report.[7] In addition to the Pre-Paid Legal subscribers, Kroll's Identity Theft Shield serves about 500,000 other consumers.

Similar Companies

People

Board of Directors / Executive Directors

  • Jules B. Kroll, Executive Chairman of the Board
  • Michael G. Cherkasky, President and Chief Executive Officer
  • Simon V. Freakley, President, Corporate Advisory & Restructuring Group and head of Kroll Ltd.
  • Michael D. Shmerling, Executive Vice President and President, Background Screening Group

Non-Executive Directors

Corporate Officers

  • Jules B. Kroll, Executive Chairman of the Board
  • Michael G. Cherkasky, President and Chief Executive Officer
  • Michael A. Beber, Executive Vice President, Strategic Development
  • James R. Bucknam, Executive Vice President, Operations and President, Security Services Group
  • Steven L. Ford, Executive Vice President and Chief Financial Officer
  • Sabrina H. Perel, Vice President, General Counsel and Secretary
  • Michael A. Petrullo, Executive Vice President and Chief Operating Officer
  • Alastair Morrison: Chairman and CEO of Kroll International Security

Others

Resources

Notes

  1. ↑ Police Raid Kroll Offices in Brazil Todd Benson October 28th, 2004 The New York Times
  2. ↑ Floyd Abrams Speaking Freely: Trials of the First Amendment, Viking Press | 2005 p.124-137 isbn = 0670033758
  3. ↑ CNN Retracts Report That U.S. Used Nerve Gas July 3rd, 1998 Robin Pogrenbin and Felicity Barringer The New York Times}}
  4. ↑ A Midlife Crisis at Kroll Associates Douglas Frantz September 1st, 1994 The New York Times}}
  5. ↑ About Us > History > Notable Cases www.kroll.com
  6. ↑ Pre-Paid Legal Services To Add Identity Theft Benefits Provided By Kroll Background America 2003 accessdate = 2008-04-03
  7. ↑ Commission File Number: 001-09293, PRE-PAID LEGAL SERVICES, INC. http://www.shareholder.com/ppd/EdgarDetail.cfm?CIK=311657&FID=311657-06-22&SID=06-00 2006 accessdate = 2007-07-04 | United States Securities and Exchange Commission
  8. ↑ Royal Society for the encouragement of Arts, Manufactures & Commerce (RSA), Dan Plesch (accessed 16 May 2008)
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