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Parascript Signature Verification Technology Used by Moscow Law Firm to Detect Signature Fraud in $160,000 Debt Collection Case
Date:6/22/2009

-- Results from Parascript SignatureXpert confirm that signatures on financial documents were fraudulent, and enabled the Arbitration Court of Moscow to initiate forensic examination and expert study --

BOULDER, Colo., June 22 /PRNewswire/ -- Parascript, LLC, the image analysis and pattern recognition technology provider, today announced that it has partnered with the Moscow Law Firm "Gareev, Muslov, and Partners" to implement Parascript SignatureXpert software in formal arbitration proceedings. Recently, Parascript's signature verification software was used to detect fraudulent signatures on certain financial documents in a major debt collection case in Moscow, Russia leading to the recovery of $160,000 from fraudulent activity related to the delivery of saw-timber materials.

SignatureXpert analyzed and verified suspect signatures against proven, valid signatures from job applications, labor agreements, invoices, and other documents. Advanced verification technology and a unique methodology proposed by Parascript's specialists were applied to execute graphology analysis and detect forgeries on suspect documents. The result of the analysis confirmed that signatures on certain financial documents were fraudulent. The Moscow Court determined that these results provided conclusive proof for initiating subsequent forensic examination and expert study in the Russian Federal Center of Forensic Sciences under the Ministry of Justice of the Russian Federation.

"The forensic study confirmed the signature verification results and conclusions obtained by SignatureXpert. Results of the forensic expertise were used as evidence and served as the basis for the decision of the Arbitration Court of Moscow to proceed with the $160,000 debt collection case," said A. Gareev, chairman of the law firm. "We are very pleased with the accuracy and reliability delivered by Parascript's si
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SOURCE Parascript, LLC
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