UMFRVerification infrastructure for private credit
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Eight questions, 31 worked cases, anchored to real public records — including synthetic controls built to test the checks themselves. Each case shows what the engine recomputed and which checks fired; where a figure is clickable, it opens the source it came from.

UMFR VERIFY

Cross-document reconciliation: Peregrine (real fraud) and an aligned clean control

Curated demo — real public recordsCited from the public record; no source document reproduced here.

Does the document hold together, and agree with others?

Document authenticity — Layer 2: cross-document agreementLayer 2 of 3surfaced for review, not scored

Layer 2 of document authenticity: does the SAME figure agree ACROSS documents? UMFR reconciles a figure reported in one document against the same figure (same as-of, same definition) in another. Agreement within tolerance stays silent; a disagreement beyond tolerance is surfaced for review.

Peregrine Financial Group (PFGBest)item for review

Real-anchored — Wasendorf 2012 (FBI affidavit / CFTC / DOJ)

the segregated customer-cash account · as of 2011-12-31

Peregrine-produced U.S. Bank statement (forged)
$221,770,946.18
UMFR Observation
$6,337,628.14
Divergence noted
$215,433,318.04

Peregrine-produced U.S. Bank statement (forged)

$221,770,946.18

U.S. Bank statement of record (account #621010845)

$6,337,628.14

Cross-document disagreement of $215,433,318.04 (97.14% of the larger figure), above the 0.50% tolerance.

Provenance: Real-anchored reconstruction from the public record (FBI affidavit via contemporaneous trade press; CFTC; DOJ guilty plea). The cent-level figures are press-quoted (the original affidavit PDF is not at a stable public URL); the round form (~$221.8M vs ~$6.3M) is corroborated by AP/CBS/Fox. Pinned to the one Dec 31 2011 statement pair (a second May 2011 pair is excluded). Not a claim beyond the public record.

Aligned borrower package (NOT REAL)agrees — silent

Synthetic — a clean aligned set; a demonstration of discrimination, not a real company

total accounts receivable · as of 2025-12-31

Borrowing base certificate
$48,200,000.00
UMFR Observation
$48,200,000.00
Agrees within tolerance
within tolerance

Borrowing base certificate

$48,200,000.00

Audited financial statements

$48,200,000.00

The same figure agrees across both documents within tolerance.

The authenticity layers

  • Layer 1 — internal consistency: does a document's own numbers hold together?
  • Layer 2 — cross-document agreement: does the same figure agree across documents?
  • Layer 3 — external confirmation: the deferred partner ceiling (a coordinated forgery consistent across all documents still passes Layers 1-2).

Honest boundary

Peregrine Financial Group (Wasendorf, 2012) is why Layer 2 exists beyond Layer 1: the forged U.S. Bank statement FOOTED INTERNALLY, so Layer 1 would not surface it — it was caught only by reconciling against the bank's own record (a ~$215M disagreement). A disagreement is a signal for review, not an accusation (innocent causes: timing/cut-off, restatement, definitional differences, rounding). Cross-document AGREEMENT still does not prove authenticity — a coordinated forgery consistent across BOTH documents would pass. That is Layer 3: external confirmation (bank statements, third-party confirmations, registry pulls), the deferred partner ceiling.

What we don’t claim

  • Within a pool, not across lenders — borrower identifiers are stripped from public data under SEC Release 33-9638, so cross-lender matching isn’t possible here, and we don’t pretend otherwise.
  • The $68.1B map covers public filers and shows the disclosure category implicated in the First Brands collapse — it is not a ‘First Brands detector’; First Brands was private and never filed with the SEC.
  • Findings are exceptions for review, never accusations.
  • The VERIFY Score is a triage signal, not a credit rating.
  • UMFR checks whether reported figures reconcile to the source documents. It does not rate credit, predict default, or recommend investment.
  • Deterministic in the output. The figures in a UMFR report are recomputed by deterministic logic and traced to source. No language model decides the numbers a reviewer sees.

See it on your filings — as a design partner

UMFR is pre-seed, building with a small number of design partners. If you lend in private credit or invest in the infrastructure, talk to the founder.

Talk to the founderRun it live on any public issuer — request access