Banking and Finance Expert Witness Articles
Banking and Finance Expert Witness Articles
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Decoding SWIFT, Fedwire & CHIPS Wire Transfer Messages for Banking Funds Transfer LitigationMany banking and financial lawsuits hinge on what is stated in Fedwire, SWIFT, and CHIPS wire transfer messages moving funds into and out of bank accounts.
Read more- Time Required to Obtain a Facility Security Clearance (FCL)
Various factors affect the amount of time it takes a company or organization to obtain a facility security clearance (FCL) . Taking these factors into consideration can enable a company to reduce or minimize the amount of time required for it to obtain a U.S. facility security clearance.
Read more - Expert Witnesses Testify Against Cyber Thieves on Online Banking Systems
Cyber terrorism and attacks on entities or a single person may lead to devastating consequences for the individual or company, and this is reason enough to sue the perpetrator for compensation. When the target is an online presence such as a banking system, an expert may need to explain how the attack happened and what to do to resolve the matter.
Read more - Finance Expert Witnesses in Securities Fraud Cases
Securities cases that involve fraud are complex and difficult to understand unless the individual has a background in these financial matters, so hiring a finance expert witness is often necessary to explain and detail the criminal aspect and why conviction or a legal remedy is important. Seeking either justice or compensation is one task of the finance professional.
Read more - Role of Expert Witnesses in Cryptocurrency Litigation
When cryptocurrency is part of a claim either for illegal activity or to when the plaintiff needs compensation for online transactions, an expert is necessary to explain what this type of online currency is and how it affects the case. The role of this expert witness often has a greater impact in clearing confusion about what and how cryptocurrency is and works.
Read more - Role of the Expert Witness in Stock Option Controversies
Stock option controversies often arise through the devaluation or tampering of the stock options given to the employees as a way to increase income over time as the company grows. However, it often takes an expert witness to explain these matters and demonstrate the problems that exist and that decrease the value so that stock options are nearly worthless.
Read more - Harm to Credit - The financial impact to someone’s credit profile after it has been harmed
Harmful information being reported to one’s credit profile can have significative financial consequences. Working with consumers and many attorneys over the past 30+ years it still strikes me how not more people have realized how prevalent this issue is.
Read more - The Basics of Film Finance
Financing of film projects often requires an elaborate patchwork of investors, banks, soft money tax credits and in-kind services, and some companies specialize in financing specific stages of production. One of the overall themes of the industry that can at times make obtaining financing hard is the risks involved in making films, many of which may have very little tangible value at the end of the process.
Read more - How Hard Is It to Beat the S&P 500?
The majority managers seeking to outperform the S&P 500 fail. However, there is a way to improve the odds tremendously.
Read more - Construction Lending Industry Standard Practices Applicable to Construction Loan Litigation
The author, and experienced lender and expert witness, explains the industry standard process of how construction loans and acquisition and development loans are originated and administered.
Read more - Letters of Credit, Bills of Lading & International Trade Finance Documentation Issues
The author explains from a banker’s and financial professional’s point of view factors that must be taken into account by attorneys handling litigation involving letters of credit, bills of lading, documentary collection, international trade finance documentation, offshore transactions, offshore finance, transfer pricing, international business entities, multinational business entities, and other related subjects.
Read more - Banking Litigation Involving Check Fraud, Bookkeeper Embezzlement, and Checking Account Issues
Every day, trusted bookkeepers of small and medium-sized businesses across this country embezzle millions of dollars from their employers. It is not unusual for these embezzlement schemes to last for fifteen years or so, and no one knows how many go completely undetected from beginning to end.
Read more - Bank Security Principles and Issues Important in Bank Robbery-Related Litigation
Bank robberies are traumatic for those involved and sometimes lead to litigation. The author, an experienced nationwide banking expert witness, explains some of the nationwide industry standard policies, procedures, practices, and considerations in bank security, as well as measures that can be implemented to improve bank security, including the employment of security guards that can be utilized to reduce the chances of a bank robbery occurring in the first place.
Read more - Banking & Mortgage Litigation Involving Missing Loan File Documents and Foreclosure Errors
A renowned nationwide mortgage banking expert witness explains that mistakes occur in banking, like all businesses. When a missing documentation or foreclosure error is found, it should be corrected as quickly and accurately as possible. Like other businesses, banks follow established industry standard procedures utilizing the universal economic principle of division of labor in correcting documentation problems, and follow up with a ratifying, authorizing signature on the foreclosure documents.
Read more - Mortgage Securitization and Foreclosures
One never knows what is going to come out of Congress, as not even Congress truly knows what is going to come out of Congress. Hence, it was a real surprise when Congress tried to extend the concept of home ownership to the lower levels of the overall income earning segment. Subprime lending, namely the granting of mortgage loans to households wherein their total incomes did not qualify for a “standard” or “prime” single family home loan, was clearly an American made “craze”.
Read more - A Banker's Guide to Effectively Managing and Marketing Bank Owned Foreclosed Real Estate Properties
A Banker's Guide to the Major Considerations in Handling OREO/REO. A discussion by former high-level banker, banking regulator, banking consultant to 60 banks, and experienced troubled bank rehabilitation manager.
Read more - Expert Witnesses and the Securities Fraud Case Certification
Fraud is often a very damaging crime to those affected. The theft of information or funds from a company tends to harm multiple persons, and it may lead to a continued problem for the business. When certain information is taken, it may be highly injurious based on who is involved and how much is stolen.
Read more - Expert Witnesses in Criminal Defense Financial Cases
Criminal defense cases often need an expert witness to verify facts, reconstruct a crime, explain how certain injuries were caused by the actions of the perpetrator and similar concerns. There is even the need when someone commits financial crimes such as fraud or theft. Some experts are forensic accountants, fraud investigators and professionals that have extensive experience in tax fraud, money laundering, bribes or corruption in financial markets, instances of embezzlement and investment concerns.
Read more - Financial Expert Witness Requirements for a Money Laundering Case
A financial expert witness in a money laundering case may provide the best details and explanation of accounting and financial books for the prosecution in convicting the defendant of these criminal acts. However, for an expert to remain within the case, he or she must possess certain requirements in his or her credentials that prove he or she is up to the case.
Read more - Introduction to Fiduciary Duty Expert Witness
Finding the right expert witness is important for cases that have a need for details, connections from evidence and even when the evidence supplied is confusing or is hard to associate with certain aspects of the claim.
Read more - Can Your Credit Score and Credit Reputation Be Recoverable Damages in a Divorce? Yes
Having the ability to quantify and put a dollar value on the impact to someone’s credit is essential. Being able to explain the methodologies and calculations in terms that would be easily understood is key.
Read more - Important Industry Standards in Financial Litigation Involving Renegotiating or Modifying a Credit
Renowned Nationwide Banking and Financial Expert Witness Don Coker explains some of the important nuances of credit agreement renegotiation and modification that can become important issues in financial litigation over the status of lender claims on first-lien collateral.
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