KW Economics prepares fraud and tracing analysis for fraud and embezzlement cases venued in Maryland: what the loss claim consists of, the records that drive it, and a present value built to Maryland damages rules and venues. Plaintiff and defense.
In a fraud or embezzlement matter the economist maps how the scheme worked from the records, identifies each transaction that fits it, and confirms the amounts against bank statements, check images, and third-party documents rather than the internal books alone. The diverted funds are traced forward through the accounts they passed through to the real estate, vehicles, investments, or other holdings they reached, and the loss is quantified by scheme, by year, and by account. The report separates amounts established from records, amounts estimated from patterns where records are missing, and amounts that could not be determined.
Forensic accounting for embezzlement, misappropriation, and financial statement irregularities. The work reconstructs the flow of funds through bank, ledger, and payment records, traces diverted assets to where they came to rest, quantifies the loss for each scheme identified, and documents the evidence trail so it can support a civil claim, an insurance recovery, or a referral to authorities.
The direct loss is usually the amount traced through the records, and its size depends on how long the scheme ran and how far back the records permit reconstruction. Consequential losses can exceed the direct loss when the diversion starved a business of working capital or caused a default. Where the funds were used to acquire assets, tracing to those assets can support recovery from the assets themselves, which changes the practical exposure. The analysis states the amounts by year and by method so that partial findings and limitations are visible.
Maryland courts now apply a reliability inquiry to all expert testimony: the trial judge asks whether the economist is qualified, whether the method is one the profession has tested and accepted, and whether it was reliably applied to the facts of the case. An economic damages report is written to that standard, with each rate and table traced to its source.
Highest court: Supreme Court of Maryland. Court system: courts.state.md.us.
Federal venues: District of Maryland.
Maryland retains contributory negligence, so in a negligence-based claim any fault on the plaintiff's part is a complete bar rather than a percentage reduction. Prejudgment interest is available as of right on a liquidated contract sum from the date it was due and generally not on unliquidated tort damages. A statutory limit applies to the noneconomic portion of most awards while economic damages are unlimited, so the economist's figure enters the case at its full present value, stated as of a fixed date.
We issue the final report and provide deposition and trial testimony, support for insurance or restitution claims, and rebuttal of opposing accounting analyses.
In a fraud or embezzlement matter the economist maps how the scheme worked from the records, identifies each transaction that fits it, and confirms the amounts against bank statements, check images, and third-party documents rather than the internal books alone. The diverted funds are traced forward through the accounts they passed through to the real estate, vehicles, investments, or other holdings they reached, and the loss is quantified by scheme, by year, and by account. The report separates amounts established from records, amounts estimated from patterns where records are missing, and amounts that could not be determined.
Maryland courts now apply a reliability inquiry to all expert testimony: the trial judge asks whether the economist is qualified, whether the method is one the profession has tested and accepted, and whether it was reliably applied to the facts of the case. An economic damages report is written to that standard, with each rate and table traced to its source. Fraud and Embezzlement cases venued in Maryland are heard in the Circuit Court (General jurisdiction; larger civil cases, felonies, equity, domestic relations), with final appeals to the Supreme Court of Maryland. Matters within federal jurisdiction proceed in the District of Maryland.
Maryland retains contributory negligence, so in a negligence-based claim any fault on the plaintiff's part is a complete bar rather than a percentage reduction. Prejudgment interest is available as of right on a liquidated contract sum from the date it was due and generally not on unliquidated tort damages. A statutory limit applies to the noneconomic portion of most awards while economic damages are unlimited, so the economist's figure enters the case at its full present value, stated as of a fixed date. The report presents past and future amounts separately, states every rate and table with its source, and shows the result under the alternatives the other side is likely to argue, so counsel can apply the Maryland rules to a documented figure.
Request a consultation on Fraud & Tracing or call (201) 343-0700. Plaintiff and defense counsel.