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ADVANCED DYNAMIC SOURCES: CASH MANAGEMENT a.k.a. TREASURY MANAGEMENT SERVICES

FOLLOWING THE MONEY AND RECOVERY VIA BANK DISCOVERY

By: Joe H. Dickerson, CFE

I want to share with you three little-known advanced and dynamic sources that forensic experts can use to locate hidden assets, often anywhere in the world. The first is what’s called a “Treasury Management Report,” which the banks may create for their customers who have multiple accounts. If someone is doing business mostly with one bank and has multiple accounts- personal accounts, family business accounts, trust accounts, corporate accounts, LLC accounts, money market accounts- all of those different accounts (any accounts that the debtor signs on) can be combined into a monthly Treasury Management Report. This report has a massive amount of information and it identifies every banking relationship that the debtor has with that banking organization.

You can get this report by subpoena, just like you can get their monthly checking account information with subpoena. It’s not well known that these are available, but it’s a fabulous tool for doing financial forensic work and locating assets that are often missed by the average judgment enforcement process.

SUBPOENA TREASURY MANAGEMENT INFORMATION

Commercial banks and other financial institutions that focus on the needs of medium to large commercial customers may offer treasury management services. Treasury management products and services are also referred to as “Cash Management Services.” Treasury management and cash management have the same meaning and are used interchangeably throughout the financial industry.

For years, financial institutions had internal specialized software used to track an enterprise’s overall deposit relationships in an attempt to determine profitability or value- in other words, to analyze it. Initially, this specialized software was dedicated to analyzing account services charges of a depository relationship, as well as lending fees for a lending relationship. This specialized software was typically internally-generated proprietary software developed by that financial institution, as this specialized software had to interface with their deposit, lending, and many other systems.

Several years ago, treasury management services were offered exclusively at larger financial institutions and regional money center banks. Over time, however, access to industry-standard banking software has allowed smaller financial institutions to offer treasury management services on a limited scale.

Treasury management, also known as cash management, products, allow an enterprise to manage its liquidity and maximize its use of investable funds using specialized bank software. Treasury management products include real-time bank account data and information, electronic- and paper-based fraud systems, collection software, disbursement software, concentration software (nationally and internationally), investment/foreign exchange software, and funding with capital markets and equities.

Customer reporting from a treasury management system results in a completely separate set of documents than the traditional “bank statement” from a depository account or loan account. It is important to recognize that there is another completely separate set of signature cards (called the Treasury Management Agreement). There is another completely separate set of analysis statements, not only for each account, but for an enterprise’s overall relationship, called a Grouped or Consolidated Analysis Statement.

For forensic researchers, getting these treasury management statements reveals all the business or commercial accounts the client has with the financial institution. And in some cases, financial institutions even include personal accounts on the grouped analysis statement, showing every single account for the enterprise and the owners of the enterprise.

In addition, the analysis statements show all the treasury management services for that client. Things such as the overnight investment sweep or Eurodollar sweep account, electronic origination ACH (Automated Clearing House) for concentration/ wire originations by telephone, or by computer using a token.

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Financial Forensic Services, LLC is proud to staff Certified Fraud Examiners

Testimonial

“As an environmental law firm, we use Joe Dickerson to locate prior business owners and do corporate genealogies. He is persistent, that’s the key to a good investigator, and he has a knack for understanding how people move money and do business. That tells him what rocks to look under. Joe is vastly superior to other investigators in two ways: he lets you know what’s going on and he’s honest with you, because he tells you if there’s really anything there worth pursuing. He is unusually thorough and creative finding people. Joe has earned his fee every time.” “If the information is to be found, then I believe that they will find it. Their service enabled me to do a much better job for my client.”

Tim Gabelhouse
, Attorney at Law

2014-11-11T18:20:41+00:00

Tim Gabelhouse
, Attorney at Law

“As an environmental law firm, we use Joe Dickerson to locate prior business owners and do corporate genealogies. He is persistent, that’s the key to a good investigator, and he has a knack for understanding how people move money and do business. That tells him what rocks to look under. Joe is vastly superior to other investigators in two ways: he lets you know what’s going on and he’s honest with you, because he tells you if there’s really anything there worth pursuing. He is unusually thorough and creative finding people. Joe has earned his fee every time.” “If the information is to be found, then I believe that they will find it. Their service enabled me to do a much better job for my client.”

“They went overboard in providing excellent service. I was very pleased with what they provided for me as their end product. Financial Forensic Services really understands how a case needs to be put together in order to be presented to a jury. Their PowerPoint presentation tied everything together. It was thorough, it was concise, and it got the job done.”

Jim Thomas
, Prosecuting Attorney

2014-11-11T18:21:32+00:00

Jim Thomas
, Prosecuting Attorney

“They went overboard in providing excellent service. I was very pleased with what they provided for me as their end product. Financial Forensic Services really understands how a case needs to be put together in order to be presented to a jury. Their PowerPoint presentation tied everything together. It was thorough, it was concise, and it got the job done.”

“Joe spends the time to understand the problem from the client’s perspective and from the legal perspective. He is intelligent, tenacious, willing to work as hard as it takes, thorough, well-informed, and just awfully good at what he does.”

Thomas E. Root, 
Attorney

2014-11-11T18:20:05+00:00

Thomas E. Root, 
Attorney

“Joe spends the time to understand the problem from the client’s perspective and from the legal perspective. He is intelligent, tenacious, willing to work as hard as it takes, thorough, well-informed, and just awfully good at what he does.”

“Financial Forensic Services did an excellent job in the way they executed my case. They were very straightforward. They stated what they could do for us and they did it. And, from a personal standpoint, they are excellent. Both my wife and I felt very comfortable working with them.”

Michael Whalen, 
Businessman

2014-11-11T18:21:13+00:00

Michael Whalen, 
Businessman

“Financial Forensic Services did an excellent job in the way they executed my case. They were very straightforward. They stated what they could do for us and they did it. And, from a personal standpoint, they are excellent. Both my wife and I felt very comfortable working with them.”

“Joe is the most competent investigator I’ve ever found. He has rare ability to find hidden assets. Others claim it, Joe has it. He understands the Rules of Evidence, he knows how to talk to people to develop a fact pattern, and he has a sixth sense for fraud. Joe has unquestioned integrity and delivers value for his services.”

Andrew Quiat
, Attorney

2014-11-11T18:12:51+00:00

Andrew Quiat
, Attorney

“Joe is the most competent investigator I’ve ever found. He has rare ability to find hidden assets. Others claim it, Joe has it. He understands the Rules of Evidence, he knows how to talk to people to develop a fact pattern, and he has a sixth sense for fraud. Joe has unquestioned integrity and delivers value for his services.”

“When I was general counsel for First Interstate Bank, I used Joe Dickerson for locating assets, investigating behavior and asset discovery. He did excellent work and always got the information I needed without compromising the bank in any way. He’s more thorough and kept in better touch with me than other investigators. I’d give him a grade of 96 or 97 out of 100.”

Frank Brainerd, Retired
Banker/Attorney

2014-11-11T18:20:20+00:00

Frank Brainerd, Retired
Banker/Attorney

“When I was general counsel for First Interstate Bank, I used Joe Dickerson for locating assets, investigating behavior and asset discovery. He did excellent work and always got the information I needed without compromising the bank in any way. He’s more thorough and kept in better touch with me than other investigators. I’d give him a grade of 96 or 97 out of 100.”

” I was prepared to dismiss a federal case involving millions of dollars against a local individual who claimed to have no substantial assets. After your staff hit the records and delved into the transactions behind the transactions, you discovered the individual to actually be worth a few million dollars. We continued the case to conclusion. We were also very happy with the financial background examinations you conducted of the former directors of two failed national banks. The heart of any civil case is whether there is a pot at the end of the lawsuit. You were our lucky leprechaun in finding such pots.”

R. Michael Sentel
, Former Section Chief Legal Division, FDIC

2014-11-11T18:13:08+00:00

R. Michael Sentel
, Former Section Chief Legal Division, FDIC

” I was prepared to dismiss a federal case involving millions of dollars against a local individual who claimed to have no substantial assets. After your staff hit the records and delved into the transactions behind the transactions, you discovered the individual to actually be worth a few million dollars. We continued the case to conclusion. We were also very happy with the financial background examinations you conducted of the former directors of two failed national banks. The heart of any civil case is whether there is a pot at the end of the lawsuit. You were our lucky leprechaun in finding such pots.”

“Joe Dickerson is the industry standard. You can measure the rest by what he does, and I say that without equivocation. Joe has incredible insight into the dark world of fraud. He understands the devious ways in which people perpetrate white-collar crime.”

Jan Schlichtman
, Attorney at Law

2014-11-11T18:20:55+00:00

Jan Schlichtman
, Attorney at Law

“Joe Dickerson is the industry standard. You can measure the rest by what he does, and I say that without equivocation. Joe has incredible insight into the dark world of fraud. He understands the devious ways in which people perpetrate white-collar crime.”