Snap Diligence study finds companies most involved in lawsuits in Harris County – Houston Business Journal

March 13, 2018

Wells Fargo has been involved with more lawsuits in Harris County than any other private sector firm over the past five years, a Houston startup’s examination of civil court filings finds.

The bank has been a part of roughly 1,900 civil lawsuit cases in the past five years, which is almost twice as high as the next company, JPMorgan Chase, according to a study by Houston-based Snap Diligence. The startup, which launched in 2017, offers a platform to subscribers to search millions of secretary of state and civil litigation records in Texas.  

Snap Diligence used its own platform to examine about 197,916 civil cases over the past five years in Harris County for the study. Banks made up nearly half of the top-15 companies that have been sued the most in Harris County over the past five years.

Wells Fargo has been part of an ongoing scandal involving the opening of millions of fraudulent accounts without the consent of clients. It’s the second-largest bank in the Bayou City by local deposits, according to Houston Business Journal research. But civil suits involving companies are only part of the overall civil litigation picture, as the entity most involved with lawsuits in the Houston area is, after all, the government.

Unsurprisingly, the office of the attorney general was named in about 54,000 civil lawsuits that Snap Diligence examined, making it the entity most involved with lawsuits in the study. Next, Independent School Districts were named in about 37,000 cases with HISD accounting for about half of all ISD civil litigation in the Houston area. Combined, governmental bodies made up more than 85 percent of civil litigation in the Houston area over the past five years.

Snap Diligence has about eight employees and could add around five more people this year, said David Grimes, CEO and co-founder of Snap Diligence. Revenue numbers for 2017 were not disclosed, but Grimes said the company has raised about $2.3 million and is in the middle of a bridge round. A subscription is about $35 a month.

Snap Diligence Announces Addition of UCC Data

February 1, 2018

Snap DiligenceSnap Diligence, a Texas-based company is pleased to announce the addition of Texas UCC data to its platform.  Snap Diligence’s powerful algorithms connect relationships between people and their businesses and shows adversarial connections within lawsuit parties.  Snap Diligence users can even privately upload their own contacts into the system to so they can see where their own business network intersects with their research results.   The connections revealed in this data builds an individual’s business identity based on public records and business relationships that are verified through authoritative sources such as civil courts or the secretary of state.

UCC is one of the many data points that Snap Diligence synthesizes to help our users get the full picture of a person’s business identity.” Said David Grimes, CEO of Snap Diligence. “We will be adding more data sets, as well as expanding our coverage nationwide.”

Snap Diligence Announces New Chief Operations Officer, Dorothy Haraminac Filippov

January 29, 2018

Chief Operations Officer

Snap Diligence, a Texas-based business identity company is pleased to announce that it has brought aboard Dorothy Haraminac Filippov to serve and Chief Operations Officer (COO).  Ms. Haraminac Filippov holds a master’s degree in Decision and Information science, is a Certified Fraud Examiner (CFE), a Master Analyst in Financial Forensics (MAFF), and a Licensed Private Investigator with experience in litigation engagements and financial modeling.

She brings her data analytics and programming background to the analysis and synthesis of complex financial engagement such as fraud risk mitigation, regulatory assessments, embezzlement, concealed assets and other financial forensic investigations.  Ms. Haraminac Filippov has provided consulting, asset tracing and expert testimony in disputes where these topics arise.

Ms. Haraminac Filippov was previously with McCann Global Investigations where she was Director of Financial Forensics.  At McCann, she was also the presenter for continuing education courses for law enforcement, attorneys and private investigators.

As COO, Ms. Haraminac Filippov directs the company’s overall operations.  She is also involved with the investor relations team. As a blockchain and cryptocurrency expert, Ms. Haraminac Filippov will lead the transition team as Snap Diligence migrates its platform to blockchain.

“We are excited to have Dorothy join our team.”, says David Grimes, CEO and Co-Founder of Snap Diligence.  “Her understanding of the regulatory climate and work with corporate investigations along with her expertise in blockchain will help us to grow Snap Diligence into the leading business identity company.”