METHODS OF DETERRING FRAUD AND OTHER IMPROPER BEHAVIORS WITHIN AN ORGANIZATION

• US 20080015977A1
• Filed: 06/14/2006
• Published: 01/17/2008
• Est. Priority Date: 06/14/2006
• Status: Abandoned Application

• Current Assignee: Edith L. Curry, Frank Hailstones, Laurie S. Holtz, Michael A. Dement
• Original Assignee: Edith L. Curry, Frank Hailstones, Laurie S. Holtz, Michael A. Dement
• Inventors: Curry, Edith L., Holtz, Laurie S., Dement, Michael A., Hailstones, Frank
• Application Number:
  US11/424,086
• Publication Number:
  US 20080015977A1
• Time in Patent Office: Days
• US Class Current: 705/38
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/08 Insurance
• CPC Class Codes: G06Q 99/00 Subject matter not provided for in other groups of this subclass

Abstract

A cooperative arrangement and method to help deter fraud and other improper behaviors by an individual in an organization are disclosed. A personal financial disclosure statement, personal financial records, and other relevant financial data associated with an individual who is associated with, or to be associated with, the organization are obtained. Information is extracted from the personal financial disclosure statement, the personal financial records, and the other relevant financial data and input into a risk assessment algorithm. The risk assessment algorithm operates on the input information and generates risk assessment data. The risk assessment data is evaluated to make a determination of risk certification with respect to the individual. A decision to certify means that the risk associated with the individual, with respect to committing fraud or some other improper act with respect to the organization, is acceptable. Risk assessment data on a plurality of key individuals within the organization may be generated and evaluated to make a determination of risk certification with respect to the organization as a whole.

Claims

1. A method to help deter fraud within an organization, said method comprising:

obtaining a personal financial disclosure statement of an individual person associated with or potentially to be associated with said organization;

obtaining personal financial records and other relevant financial data of said individual person;

inputting first information from said personal financial disclosure statement, said personal financial records, and said other relevant financial data into a risk assessment algorithm;

said risk assessment algorithm operating on said first input information and thereby generating first risk assessment data; and

evaluating said first risk assessment data and thereby making a first determination of risk certification with respect to said individual person.

2. The method of claim 1 further comprising certifying said individual person if said determination of risk certification is to certify.

3. The method of claim 2 further comprising underwriting said individual person if said determination of risk certification is to certify.

4. The method of claim 1 further comprising documenting reasons for not certifying said individual person if said determination of risk certification is not to certify.

5. The method of claim 4 further comprising investigating said reasons for not certifying said individual person and thereby generating investigative results.

6. The method of claim 5 further comprising inputting second information from said investigative results, said personal financial disclosure statement, said personal financial records, and said other relevant financial data into said risk assessment algorithm.

7. The method of claim 6 further comprising:

said risk assessment algorithm operating on said second input information and thereby generating second risk assessment data; and

evaluating said second risk assessment data and thereby making an updated determination of risk certification with respect to said individual person.

8-26. -26. (canceled)

27. A method to help deter fraud within an organization, said method comprising:

obtaining a personal financial disclosure statement of each of a plurality of individual persons associated with said organization;

obtaining personal financial records and other relevant financial data of each of said individual persons;

inputting first information from each of said personal financial disclosure statements, each of said personal financial records, and each of said other relevant financial data into a risk assessment algorithm;

said risk assessment algorithm operating on said first input information and thereby generating first risk assessment data; and

evaluating said first risk assessment data and thereby making a first determination of risk certification with respect to said organization.

29. The method of claim 27 further comprising underwriting said organization if said determination of risk certification is to certify.

30. The method of claim 27 further comprising documenting reasons for not certifying said organization if said determination of risk certification is not to certify.

31. The method of claim 30 further comprising investigating said reasons for not certifying said organization and thereby generating investigative results.

32. The method of claim 31 further comprising inputting second information from said investigative results, said personal financial disclosure statements, said personal financial records, and said other relevant financial data into said risk assessment algorithm.

33. The method of claim 32 further comprising:

said risk assessment algorithm operating on said second input information and thereby generating second risk assessment data; and

evaluating said second risk assessment data and thereby making an updated determination of risk certification with respect to said organization.

28. The method of claim 28 further comprising certifying said organization if said determination of risk certification is to certify.

34-52. -52. (canceled)

53. A method to monitor an individual person of an organization for behavioral risk, said method comprising:

periodically obtaining updated personal financial records and other updated relevant financial data of an individual person that is currently certified for risk with respect to said organization;

inputting, into a risk assessment algorithm, updated information from said updated personal financial records and other updated relevant financial data along with previous information from a previously obtained personal financial disclosure statement from said individual person;

said risk assessment algorithm operating on said input information and thereby generating updated risk assessment data; and

evaluating said updated risk assessment data and thereby making an updated determination of risk certification with respect to said individual person.

54. The method of claim 53 further comprising maintaining said risk certification of said individual person if said determination of risk certification is to maintain certification.

56. The method of claim 53 further comprising documenting reasons for not maintaining certification of said individual person if said determination of risk certification is not to maintain certification.

57. The method of claim 56 further comprising investigating said reasons for not maintaining certification of said individual person and thereby generating investigative results.

58. The method of claim 57 further comprising inputting second information from said investigative results, said personal financial disclosure statement, said updated personal financial records, and said updated other relevant financial data into said risk assessment algorithm.

59. The method of claim 58 further comprising:

said risk assessment algorithm operating on said second input information and thereby generating investigation-based risk assessment data; and

evaluating said investigation-based risk assessment data and thereby making an investigated determination of risk certification with respect to said individual person.

55. (canceled)

60-78. -78. (canceled)