CASE Study
Tracing Trust Account Funds
Sometimes those entrusted to act with fiduciary responsibility can be found at fault in their dealings. A court judgement against high profile trial lawyer ordered him to pay partners from a prior firm. He claimed he didn’t have the money, and the plaintiff suspected he was hiding it.
Scott Sims of Frank Sims Stolper, a California based national law firm, filed subpoenas for relevant banking activity from 35 different accounts.
Scott was representing the plaintiff and stayed up for hours each night trying to make heads or tails of the activity. Scott started to enter the transactions into a spreadsheet, but it was taking too long, and he didn’t have the budget to outsource the work so Scott reached out to Valid8.
Process
Outcome
Customer Testimonials
“We loaded up Valid8 with the documents and it was incredible. Within minutes we understood what was happening and identified new accounts to subpoena.”
“Defendant was emptying the bank accounts each month and moving the funds through a complex network of other accounts.”
Need to prepare evidence? Help your team follow the flow of funds faster.
