Fraud Intelligence
Errors, biases and algorithms: how to interpret automated results
Alex Russell CFA is the director of institutional and complex litigation for Bates Group LLC (www.batesgroup.com), where he manages cases related to institutional disputes involving trust or banking entities, investment banking or sales and trading cases, as well as those involving ultra-high net worth individuals. Alex co-leads Bates’ Big Data Analytics segment, with a particular focus on the use of data analytics in market manipulation or fraud cases. He is based in Oregon, United States.
Does data lie? Misconstrued results may be deliberate distortion so it is important to consider carefully the underlying process.
Alex Russell of Bates Group LLC sets out some examples to help fraud examiners avoid the pitfalls of working with data.