Expert Discusses Allegedly Fraudulent Bank Transfer


Banking Expert Witness

This case involves an allegedly fraudulent transfer of funds made from a business account to those of a number of the business’s employees. The transfer was allegedly authorized by the business owner, however she had no recollection of signing the forms that authorized the transfers. Allegedly, the transfer was conducted via non-traditional means that should have raised red-flags at the bank that authorized the transfer. It was alleged that the adviser associated with the business account at the bank should not have allowed the transfer to go through.

Question(s) For Expert Witness

  • 1. Are you able to opine on bank protocol and guidelines as they pertain to transferring funds from an elderly individual?
  • 2. Have you ever served as an expert on a similar case? If so, please explain.
  • 3. Please briefly describe why you believe you would be a good fit on this case.

Expert Witness Response E-009316

Expert-ID: E-009316

I am a Certified Fraud Examiner specializing in bank fraud including mortgage and lending fraud, corporate governance including dereliction of duties by management, embezzlement, and other miss-allocation of assets. I have done these types of investigations on numerous occassions during my time as a federal bank examiner for the U.S. Treasury Department. The information provided does not indicate whether this fraud was committed by electronic means or whether it was done with funds originated by check, draft or other similar paper instrument; therefore it is impossible to give more detail on what should or could be done to help the client at this instance, but I will know more once I learn a bit more detail. I have served as a fact witness on 10-12 of these type of cases during my time with the Treasury. I am of the opinion that I would be a good fit due to my familiarity with U.S. Banking Laws and Regulations and my time as a federal examiner in which I was responsible for conducting as many as 20 consumer compliance examinations. The intent of these examination focused on how deposit accounts were structured and if they were in compliance with the myriad of federal consumer laws! I am a Certified Fraud Examiner with a specialty in banking fraud. I would find this case to be interesting and would welcome the opportunity to use my experience in helping your client.

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