An investor in Dallas, TX funded a business for over 3 years. As business performance slowly declined, the investor asked more detailed questions which exposed poor accounting practices. Unsatisfied, the investor turned to Bruce Flournoy, CPA/CFF/CFE to shed some light on the situation. As soon as the employee found out an outside professional had been hired, they quit and stole all the accounting records. Bruce had nothing to start with except thousands of pages of bank statements. Extracting the data is a tedious, error prone process taking hundreds of hours. The investor and attorney weren’t willing to pay for a comprehensive investigation until there was proof of wrongdoing, so Bruce called Valid8 Financial, Inc. with the intent to build a case for the attorney. Using data processed by Valid8 it became obvious that the perpetrator was consistently drawing down the funds by taking cash out in even number increments and writing checks to fraudulent companies. The investor and attorney agreed to aggressively pursue the case.