VERITY Forensic Case Builder
A signal is an argument that something is worth looking at. A claim is an assertion someone can be sued over. The case builder exists to keep the second from inheriting the confidence of the first.
Rebuild the number, then state the difference
The case builder does not interrogate the reported figure. It builds an independent figure from primary records and puts the two side by side, with the method note attached to the number rather than buried in an appendix.
- 01
Inputs are primary
Trust remittances, registry filings, borrowing bases, dockets and shipment records. Market data corroborates, it never forms a basis.
- 02
Method travels with the figure
Every reconstructed number carries the sources, the period and the arithmetic. A reviewer can rebuild it without asking the analyst.
- 03
Variance is stated, not implied
The product never says a figure is wrong. It says the reconstruction differs by a stated amount on a stated basis.
Calloway Brands: receivables pledged twice, collections rerouted
- Gross receivables, period endUSD millions214.6173.4
Reconstructed from trust remittances and two facility borrowing bases.
- Collections routed through affiliate servicerUSD millions088.1
Not disclosed as a related-party flow in any period.
- Receivables pledged under two facilitiesUSD millions041.2
Overlap derived from collateral descriptions and perfection dates.
- Days sales outstandingdays5891
Reconstructed using shipment records from two acquired subsidiaries.
A claim that has not survived an alternative explanation is not a claim
Before anything reaches counsel, the case builder generates the explanations that would make the finding innocent, tests each one against the record, and keeps the result whether it helps or not.
A receivables pool of approximately 41.2 million dollars secured two facilities at the same time without a subordination or release on file.
3 evidence items · 2 alternatives tested
The second filing is a defensive refiling after a lapsed continuation.
Continuation history pulled for the 2024 filing.
Rejected. The 2024 perfection remained active on the filing date.
The collateral descriptions cover different pools despite similar wording.
Description compared against the borrowing base schedules of both facilities.
Rejected. Both borrowing bases draw on the same distribution segment.
Cleared for the claim set. Quantified figure must carry the method note.
Claims are graded supported, partially supported, unsupported or refuted. A refuted claim stays in the matrix with its refutation, because the record of what failed is part of what makes the surviving claims credible.
Pattern analysis against a cohort, not against intuition
Every pattern reading is stated next to the benchmark it is being judged against, so a reviewer can argue with the benchmark instead of guessing at it.
| Pattern | Reading | Benchmark |
|---|---|---|
| Receivables to revenue divergence | 31 percent receivables growth against 4 percent revenue decline | Sector cohort: 6 percent growth on 3 percent revenue growth |
| Round-number clustering in adjusting entries | 26 percent of quarter-end adjustments end in three zeros | Expected range 6 to 9 percent |
| Perfection-to-amendment interval | Second perfection filed 8 days before the cash management amendment | No benign sequence observed in the comparison set |
| Confirmation response rate | 2 of 9 requested confirmations returned | Engagement standard is complete response |
Five gates, each with an owner and an inspectable state
Gates are not a checklist at the end. They hold the work that depends on them from the moment the case opens.
- 01
Evidence sufficiency
Analyst of record
Every numeric claim traces to at least two independent documents, and primary origin is counted separately from secondary.
- 02
Originality
Analyst of record
Original analysis is separated from public record. A finding that restates a published report is labeled as such and cannot carry the case.
- 03
Jurisdiction
Counsel
Where the registrant files, where the conduct occurred, and whether any element depends on foreign discovery.
- 04
Privilege screen
Counsel
Unsolicited material is quarantined at intake and excluded from every claim until counsel disposes of it.
- 05
Counsel review
Counsel
Claim by claim, with a disposition field only counsel writes. Returned claims name what is missing.
Readiness is not submission
A case carries a readiness percentage so a client can see how far a matter has come. VERITY never prepares, signs or transmits a submission to the Commission or any other regulator on its own initiative. There is no submission endpoint in the platform. Counsel clears the gate, the client instructs in writing, and the client or its counsel files.
See the radar run against your own credit book
A scoped pilot runs your obligor list through the four discovery layers for one quarter, with a named analyst and counsel review on every escalation.