Pursuing a financial fraud case in court typically involves review of a considerable number of documents and transactions. The details are often so complex that an expert witness with a high level of financial expertise can be used to put complicated topics into terms a judge or jury can understand. Therefore, you may dedicate some effort into locating an expert witness for financial fraud cases. Here are some pointers to help get you started.
Start Looking for a Financial Fraud Expert Witness Early
As soon as you become suspicious that you may be a victim of financial fraud, you may begin researching forensic specialists. The expert witness will need time to review documents and transactions in order to prepare for his or her role in litigation.
Decide What Type of Expert Witness You Need
Not all financial fraud expert witnesses are the same, so identify the reasons you need their services.
- Academic Expert Witness: If you need someone with experience in a particular financial methodology, consider an academic expert.
- Practitioner Expert Witness: These specialists are typically experts who have been practicing in a particular industry.
- Professional Consultant: Under certain circumstances, you might consider a professional consultant who specializes in providing expert testimony in court.
Review Potential Conflicts of Interest
There can be a lot of overlap among professionals in the same industry, so you may determine whether there are conflicts of interest regarding your expert for a financial fraud case.
Request a List of Former Clients and Experience
Just as you would check the references of a candidate for a job, you should obtain a resume or C.V. for a financial fraud expert witness. Talk to former clients to find out their experience with the professional and whether they were satisfied. Also, assess other factors:
- Testifying experience: You may want to find out how many times your forensic specialist has been in a courtroom as a witness, being examined and cross-examined by attorneys. This will give you an indication of how well they conduct themselves in a courtroom.
- Publications: Many expert witnesses are involved with publishing scholarly articles on their profession and courtroom experiences. Have a look at the publications of your candidate to gain some insight on their perspectives.
Discuss Compensation Matters
Of course, you’ll need to talk about payment for expert witness services to be provided. Usually, you may find that the person will quote you on an hourly basis or a flat fee for certain activities.
Considering the important role a financial fraud expert witness plays in a courtroom battle, it’s helpful if you do your homework. These tips should help you find an expert for a financial fraud case.
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Call Veriti Consulting now and ask about their expert witness services.
Contact us today at (877) 520-1280.
