A private investigator (often shortened to PI and informally called a private eye), a private detective or inquiry agent, is a person who can be hired by individuals or groups to undertake investigatory law services. Many work for insurance companies to investigate questionable claims. Before the advent of no-fault divorce, many a private investigator was hired to search evidence of adultery or other behavior within marriage to prove reason for a divorce. Despite the lack of legal requirement for such evidence in many jurisdictions, according to press reports assembling evidence of adultery or other "bad behaviour" by spouses and partners is still one of the most gainful activities investigators undertake, as the stakes being fought now are child custody, alimony, or marital property disputes. Private detectives/investigators frequently work for attorneys in civil cases. A handful of really adept private detectives/investigators work with defense attorneys on capital punishment and criminal defense cases.
Private investigators can likewise be employed to execute due diligence for an investor who may be considering investing money with an investment group, fund manager or some other high-risk business or investment venture. This could serve to assist the prospective investor avoid being the victim of a fraud or Ponzi scheme. By hiring a licensed and skilled investigator, they could unearth info that the investment is unsound and or that the investor has shady red flags in his or her background. This is known as investigative due diligence, and is becoming a good deal more prevalent in the twenty-first century with the public reports of large-scale Ponzi schemes and fallacious investment vehicles such as Madoff, Stanford, Petters, Rothstein and the hundreds of others reported by the SEC and other law-enforcement agencies.
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