HISTORY
CARCO History
Founded in 1977, CARCO Group, Inc. and its three divisions (collectively, "CARCO"), is a
nationally recognized information services company that provides investigative, fraud detection,
and risk mitigation services to large corporations and business entities.
CARCO's Investigative & Security Consulting division and CARCO's Background Screening Services
division provide comprehensive background investigations on potential and current employees,
vendors, customers, and business partners, as well as drug testing through an alliance partner.
Our services include domestic and international due diligence, general and financial investigations,
litigation support, and physical security surveys. Our staff is comprised of former FBI Agents,
Certified Public Accountants, Certified Fraud Examiners, Forensic/Investigative Accountants,
former law enforcement investigators, research analysts, and other key staff needed to support
the various investigative programs offered by our firm.
CARCO's Inspection Services division provides insurance carriers with pre-insurance vehicle
inspection reports (underwriting reports) that significantly reduce auto insurance fraud.
This service is provided to more than 600 insurance companies through a network of more than
6,000 inspection sites. CARCO inspects more than 1.5 million motor vehicles each year.
We offer advanced direct data entry and tracking capability from electronic entry of forms
through the completion of the background investigation. Over 80% of background cases are
currently submitted to CARCO electronically via Internet entry or system-to-system interface.
Our valued clientele, which includes numerous Fortune 500 companies, relies on CARCO for the following:
- To prevent an employment or contractual situation with an individual and/or entity that, because of past conduct, could be a potential risk.
- To fulfill compliance (USA PATRIOT Act, Sarbanes-Oxley, Fair Credit Reporting Act (FCRA)) requirements, and/or contractual requirements from the government or prime contractor.
- In the case of a post-hiring/contractual event, to prepare the client to demonstrate that a significant degree of due diligence was completed - a reasonable and prudent effort to develop background information - by an independent third party.
CARCO maintains national and international capabilities, enabling us to provide unsurpassed detail
in the verification process. Our services are conducted in strict compliance with applicable laws.
CARCO currently conducts over 2,000,000 reports per year system-wide. This includes over 300,000
background investigations per year. CARCO currently stores electronically more than 30,000,000
documents and images for our clients. To assist with nationwide and international criminal history
record checks, CARCO directly accesses numerous court repositories using on-line capabilities.
Additionally, CARCO maintains a network of court researchers that are tested on a regular basis
for accuracy and comprehensiveness using known criminal offenses and known clear search requests.
CARCO's Strategy
CARCO provides innovative business information services to a diverse and rapidly expanding
client base. The business philosophy of CARCO is to select a single line of service and
concentrate all of its efforts on that particular service to achieve the highest level of
expertise and efficiency possible in the areas of time service, cost effectiveness, and quality.
Through this concept of specialization, CARCO's goals are to provide the Customer with unsurpassed
value-added service and to acquire a leadership position in each of the business sectors it serves.
Our services all have the same characteristics in that they are:
- high volume in nature,
- excellent platforms to provide the opportunity for long-term relationships with Customers,
- highly automated, and
- fraud detection and deterrent in nature.
CARCO continues to make significant advances in the employment screening industry. Recognized as
a national leader in quality of service, timely reporting, cost-effectiveness, state-of-the-art
technology programs, and legal expertise in employee screening, CARCO serves many of the country's
leading corporations. Through its technology, CARCO is able to quickly respond to changing customer needs.
