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
After completing this case, you should be able to:
- 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).
- Prepare subpoena wording for attorneys to obtain additional bank documents.
- Review loan documents and determine whether the loan documents (credit applications and supporting documents) contain material misstatements.
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