CHAPTER 5Case 5: Tracing Data Analytics Red Flags Back to Source Documents Using Subpoenas

5-1 ANDERSON INTERNAL MEDICINE AND LARSEN CONVENIENCE STORE (CONSPIRACY AND LOAN FRAUD): TRACE TRANSACTIONS DISCOVERED DURING DATA ANALYTICS BACK TO SOURCE DOCUMENTS USING SUBPOENAS

Learning Objective

After completing this case, you should be able to:

  1. Take red flags detected from using data analytics (i.e., suspicious deposit and related disbursements) and trace those transactions back to the source documents (loan documents in this case).
  2. Prepare subpoena wording for attorneys to obtain additional bank documents.
  3. Review loan documents and determine whether the loan documents (credit applications and supporting documents) contain material misstatements.

 

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