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Podcast: Finding Evidence of Financial Motive in Fraud Cases

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How to establish financial motive and the steps investigators should take to build a strong case. By Michael Schulstad
 

Establishing motive in financial fraud cases is an essential part of any investigation but can be difficult to prove, especially to a jury.

Among the items to be considered in such cases are:

  • What documentation and other online information should be obtained
  • Who should be interviewed and under what circumstances
  • The value of metadata
  • The importance of the National Insurance Crime Bureau (NICB)
  • The use of software and IT experts to track audit trails and detect any computer system deletions
  • The growing role of cryptocurrency
  • How to look for inconsistencies between documents and statements that show knowledge and intent
  • The importance of creating a timeline of events that will provide a compelling picture of the financial motive behind the fraud in a way that a jury can comprehend

In this podcast, J.S. Held consultant Michael Schulstad speaks with Karen Karabinos of Drew, Eckl & Farnham about how to prove the intention of those who allegedly committed insurance fraud and other financial fraud in civil and criminal litigation.

Based on his extensive investigative experience, Michael outlines the red flags that every investigator should recognize; identify various triggering events that show the financial position of the person who allegedly engaged in fraudulent activity; and explain why the fraud occurred.

LISTEN NOW

Click here to listen on deflaw.com


More About J.S. Held's Contributor

Michael Schulstad is a Managing Director in J.S. Held’s Global Investigations Practice. His investigative expertise includes contract fraud, insurance fraud, government and procurement fraud, bank fraud and bank failure, corporate fraud, bankruptcy fraud, health care fraud, anti-money laundering and asset forfeiture, and asset recovery.

Michael can be reached at [email protected] or +1 973 528 7039.

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This publication is for educational and general information purposes only. It may contain errors and is provided as is. It is not intended as specific advice, legal, or otherwise. Opinions and views are not necessarily those of J.S. Held or its affiliates and it should not be presumed that J.S. Held subscribes to any particular method, interpretation, or analysis merely because it appears in this publication. We disclaim any representation and/or warranty regarding the accuracy, timeliness, quality, or applicability of any of the contents. You should not act, or fail to act, in reliance on this publication and we disclaim all liability in respect to such actions or failure to act. We assume no responsibility for information contained in this publication and disclaim all liability and damages in respect to such information. This publication is not a substitute for competent legal advice. The content herein may be updated or otherwise modified without notice.

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