Case Study: a public high school uncovers financial misuse with Valid8 Financial

Riverside County District Attorney's Office unravels not-for-profit deceit

The customer, a public high school in Riverside County, California, faced a challenge of financial mismanagement within a Not-For-Profit corporation controlling approximately $5.5 million in student club funds over four years. Following an investigation, the Riverside County District Attorney’s Office needed to effectively process thousands of transactions and authenticated evidence, including hand-written checks. They turned to vendor Valid8 Financial and its financial evidence analysis solution to undertake a full population data review.

Using Valid8’s solution, the DA’s office automatically reconciled check images with bank statements and utilized filtering capabilities to swiftly identify misused funds, a process that would have taken six weeks manually but was completed in just two. This enabled forensic accountants to inspect the entire data population, identify all wrongdoing, and obtain court orders for full restitution, while also freeing up valuable resources for other vital case work.