The Hidden Costs of Fraud Investigations with Tod McDonald, Fraud Entrepreneur

Fraudish

This week on Fraudish, Kelly speaks with Tod McDonald of Valid8 Financial. Tod shares his journey from CPA to entrepreneur, driven by a need to streamline financial investigations. They discuss Valid8's approach to automating the extraction and reconciliation of financial data using machine learning, which aids forensic accountants, legal professionals, and government investigators. Todd recounts a notable case involving the fraudulent Meridian Mortgage Funds and the challenges faced during that investigation. They also explore the broader implications of AI in forensic accounting and the critical role of technology in solving complex financial crimes. The episode highlights the potential for AI to bring efficiency and precision to financial investigations.

Links:
Todd on LinkedIn: https://www.linkedin.com/in/todmcdonald/

Valid8 Financial: https://www.valid8financial.com/

https://www.valid8financial.com/client/county-da-unravels-nonprofit-deceit

https://cdn.prod.website-files.com/63053e3b38a04b696f88ace8/65dcc849b75579ae31ac90c5_Riverside%20DA%20-%20Not%20for%20Profit%20Deceit%20Case%20Study.pdf