Family disputes are common in financial disputes. Family disputes are embedded within disagreements over inheritances, asset division in a divorce, management of family-owned businesses, family financial support, and loans and gifts between family members.
Case background
One of our clients, who has been leveraging our expertise in financial disputes, was entangled in an extended family conflict that had been ongoing in the courts. This dispute involved the misappropriation of assets and funds by certain family members, which significantly impacted our client.
The client was concerned about finding a way to trace the flow of money across the accounts. They had been facing significant challenges with the extensive collection of bank statements relevant to the case and were initially pessimistic about how they would consolidate all these transactions.
In response, the client approached Sedra Solutions. They requested that we convert and upload the vast dataset of statements to our platform to trace the flow of money and potentially uncover conclusive evidence. With millions of transactions to analyze, the effort to process the data required a sophisticated solution.
The results
The Sedra Solutions platform saved our client months of work and found the connections that proved embezzlement.
- We quickly ingested 95,000 pages of bank statements that were in PDFs in various formats, saving our client months of work.
- The platform streamlined the data cleaning process by removing duplicate entries, standardizing party names, and highlighting potential issues for manual review.
- It highlighted the money flow between related parties and their businesses, which allowed our client to identify embezzlement of funds from the family businesses.
You can read the full case study here. Or just contact us to start a conversation about how we can help your firm streamline financial investigations.