Creating Fraud Analytics for the BP Deepwater horizon Fraud
Qualitative and Quantitative Data is analyzed first.
Patterns are discerned to create actionable intelligence. In this case, the formula derived from this analysis resulted in an algorithm that discovered an organized BP Texas deckhand fraud scheme equal to over $2.3 BILLION.
Algorithms created from this analysis discovered over 40,000 synthetic identities (the claimants did not exist).
Synthetic Identities were analyzed for organization before referring to Federal authorities
Risk Management and Project Management
Conducting a meaningful statistical trends analysis on gathered data means formulas can then be created to discern patterns in the data and yield actionable intelligence based on pre-defined parameters.