Randall Valentine, Ph.D.
Randall Valentine, Ph.D.
Dr. Randall Valentine is a forensic finance expert, economist, and founder of Valentine Forensic Finance, providing economic and financial analysis, litigation support, and expert witness testimony in complex financial matters. His work includes personal injury and wrongful death economic damages, wrongful termination claims, financial disputes, cryptocurrency asset valuation and fraud investigations, and credit damage.
With extensive academic training in finance, financial technology, and artificial intelligence, Dr. Valentine combines established forensic economic methodologies with advanced financial analysis to develop clear, credible, and well-supported opinions. He works closely with attorneys to evaluate financial evidence, calculate economic losses, analyze complex transactions, and translate highly technical financial issues into understandable conclusions for judges and juries.
A significant area of Dr. Valentine’s practice involves cryptocurrency and blockchain analysis. He investigates cryptocurrency fraud, traces transactions and fund flows through blockchain analysis, and evaluates cryptocurrency assets and mining operations. His work also includes historical cryptocurrency valuations, wallet analysis, asset tracing in divorce and other financial disputes, and assistance with locating, verifying, and recovering lost digital assets.
As an expert witness, Dr. Valentine provides economic damages assessments in personal injury, wrongful death, and wrongful termination matters, as well as other cases involving disputed financial losses. His analyses are grounded in accepted economic principles, relevant financial data, and peer-reviewed research, with an emphasis on producing objective findings that can withstand scrutiny in litigation and cross-examination.
Dr. Valentine earned his Ph.D. in Finance from Mississippi State University, where he also received an M.S. in Finance and Statistics. He holds a B.S. in Finance from Arkansas State University and graduate certificates in FinTech and Artificial Intelligence from the Wharton School of the University of Pennsylvania.
In addition to his consulting and expert witness work, Dr. Valentine is active in academic business research. He leads the Academy of Business Research, an international organization with more than 1,000 members across 35 countries. His research has received national and international attention. His work has been featured in The Wall Street Journal, CNN, and USA Today, among other media outlets, and has contributed to international public policy discussions.
Dr. Valentine’s professional affiliations include the Academy of Business Research, the Collegium of Pecuniary Damages Experts, and the National Association of Forensic Economics. He has also held academic leadership roles, including serving as an Institutional Review Board Chair and as a committee chair for the Association to Advance Collegiate Schools of Business (AACSB).
Practice Areas
- Cryptocurrency
- Wrongful Termination
- Wrongful Death
- International Finance
- Personal Injury
- Banking, Fraud, and Bankruptcy
- Credit Damage
EDUCATION
- Wharton School of the University of Pennsylvania, Graduate Certificate, FinTech, 2024, Artificial Intelligence, 2025
- Mississippi State University, Ph.D., Finance, 2006
- Mississippi State University, M.S., Finance & Statistics, 2001
- Arkansas State University, B.S., Finance, 1997
Research
- FINTECH and COVID-19, Published, Ongoing
Service Highlights
- Associate Professor of Finance, Millsaps College, 2024 - Present
- Faculty Advisor, Rawls Finance Association, Rawls College, 2021 - Present
- Faculty Advisor, Business Valuation, Rawls College, 2021-Present
- Associate Professor of Practice Finance, Texas Tech University, 2021- 2024
- Online Instruction Coordinator, Rawls College, 2014-2021
- Quant Analyst, Handsboro Capital, 2015-2021
- Professor of Finance, William Carey University, 2014-2021
- Asst/Associate Professor of Finance, Georgia Southwestern State University, 2005-2014
PROFESSIONAL ASSOCIATIONS
- Academy of Business Research, Co-Chair, 2024 to present
- Collegium of Pecuniary Damages Experts
- National Association of Forensic Economics
- Institutional Review Board, Chair, 2012-2014
- Association to Advance Collegiate Schools of Business (AACSB), Committee Chair, 2007-2010
AWARDS & RECOGNITIONS
- Finalist, Outstanding Teacher Award, Rawls College of Business, Texas Tech University, 2022 and 2023
- Distinguished Research Awards, 2008, 2013, 2020, 2022
EXPERT TESTIMONY, 2024-2026
- Deposition testimony, financial damages and identity theft: Rakha v. J.P. Morgan Chase, Daniel Zuniga of Petroff Amshen, New York, NY, 2026.
- Deposition testimony, financial damages and cryptocurrency: Cress v. Nexo, Ian Shelton of McKenzie Baker, San Francisco, CA, 2026.
- Deposition testimony, financial damages and cryptocurrency: Rossi v. Ackridge, Mikaela Meyer of Nagy Wolfe Appleton P.C., San Francisco, CA, 2026.
- Binding arbitration testimony, credit damage and business valuation: Weisser v. American Express Inc., Michael Sayre of Armstrong Teasdale P.C., Miami, FL, 2026.
- Deposition testimony, credit fraud: Feng Lin v. Synchrony Bank and Experian, Daniel Zuniga of Petroff Amshen, Staten Island, NY, 2026.
- Deposition testimony, credit fraud and business valuation: Tyler Totaram v. Wells Fargo, TransUnion, Equifax, Serge Petroff of Petroff Amshen, Brooklyn, NY, 2026.
- Deposition testimony, financial damages and cryptocurrency: SBI Crypto v. Whinstone Inc., Cory Johnson of Winstead P.C., Waco, TX, 2026.
- Binding arbitration testimony, credit damage and business valuation: Weisser v. Citigroup Inc., Michael Sayre of Armstrong Teasdale P.C., Miami, FL, 2025.
- Deposition testimony, financial damages and cryptocurrency: SBI Crypto v. Whinstone Inc., Cory Johnson of Winstead P.C., Dallas, TX, 2025.
- Deposition testimony, insurance and cryptocurrency: Cory and Jennifer Chimento v. Citizens of Louisiana, Kevin Tully of Christovich and Kearney, New Orleans, LA, 2025.
- Trial testimony, divorce, cryptocurrency and business valuation: Jake Lynd v. Brittany Lynd, District Court, Buffalo County, Nebraska, Michele Romero, Esq. of Stamm-Romero, LLC, Kearney, NE, 2025.
- Trial testimony, cryptocurrency: In the Matter of the Estate of George James Buffington, Second Judicial District Court, Washoe County, Nevada, Cassandra Walsh, Esq. of Woodburn and Wedge, 2025.
- Deposition testimony, wrongful termination and credit damage: Aloke Chaudhurri v. Rekor Systems Inc., U.S. Department of Labor, Washington, DC, Eric Siegel, Esq. of Eric Siegel Law, 2025.
- Deposition testimony, wrongful termination and credit damage: Hessam Mjab v. Rekor Systems Inc., U.S. Department of Labor, Washington, DC, Eric Siegel, Esq. of Eric Siegel Law, 2024.
- Deposition testimony, divorce, cryptocurrency and business valuation: Jake Lynd v. Brittany Lynd, District Court, Buffalo County, Nebraska, Michele Romero, Esq. of Stamm-Romero, LLC, 2024.
- Deposition testimony, bank fraud and credit damage: William Oliver v. Independent Bank Inc., Richard Bourland, Esq. of Griffith, Jay, and Mitchell, Fort Worth, TX, 2024.
- Trial testimony, cryptocurrency: In the Matter of the Estate of Mitchell Kent Fox, Probate Court, Oakland County, Michigan, Rob Cleary, Esq. of Thav, Ryke and Associates, Southfield, MI, 2024.
RESEARCH PUBLICATIONS
- “An Inquiry into FinTech Research: Analysis of Methodologies and Investigative Foci” Journal of Banking and Finance Law and Practice (Z. Jourdan, K. Corley, A. Tran)
- “FINTECH: A Content Analysis of Finance and Information Systems Literature” Electronic Markets, Volume 33, 2023 (Z. Jourdan, K. Corley, A. Tran)
- “Investigating the Relationship of School Reopening to Increases in COVID-19; The Case of the Delta Variant,” Journal of Public Health, Volume 45, Issue 1, 2023
- “Irrational Exuberance or the Money-Trust Power Grab: Was the Panic of 1907 Truly a Speculative Bubble or a Financial Coup D'état?” Journal of Behavioral Finance, Volume 24, 2022 (R. Larocca, T. Cunningham)
- “Behavioral Predictors of Fraud Motivation within Common and Uncommon Demographic Groups,” Journal of Banking Finance Law and Practice, Vol 31, 2020 (E. Heneke)
- “Relationship of 2020 Protests to Increases in COVID-19 Cases Using Event Study Methodology, Journal of Public Health, fdaa127, Top 5 Most Read/Downloaded Articles of PubMed and highest AltMetric by Finance Author.
- “Do World Bank Governance Factors Impact COVID-19 Infection Rates Among Nations?” Journal of Management Policy and Practice (ISSN# 1913-8067), 2026 (R. LaRocca)
- “Examining COVID-19 Infection Rates Using Data Analytics: The Case of Lifting Mask Mandates,” Journal of Data Analytics, Forthcoming (R. LaRocca)
- “Examining the Relationship Between Earnings and Patent Filings Among Pharmaceutical Companies in Asia,” International Journal of Economic and Financial Issues, Vol 3, 2020 (A. Okun)
- “Does Health Locust of Control and Self-Efficacy Impact Attitudes Towards Direct to Consumer Advertising in the US,” e-Journal of Social and Behavioral Research in Business, Vol 11 Issue 1, 2020 (C. Maldanado).
- “Online Vs. On Ground: Academic Honesty in Online Classes,” Presented at International Organization of Social Sciences and Behavioral Research Conference 2018 (R. Reich, D. Valentine)
- “International Currency Exchange Rate and Gasoline Price,” Southern Journal of Business and Economics, Spring 2016 (F. Xu and D. Wang).
- “The Virtual Professor,” Administrative Issues Journal, Fall 2014 (R. Bennett).
- “An Examination of Risk-Adjusted Returns Caused by Terrorist Attacks,” Journal of Insurance Research, Spring 2012 (C. Bishop).
- Real Estate Analysis, Spring 2011 (Co-editors Diaz and Hansz).
- Personal Finance 1st Edition, Spring 2011 (Co-editors Kapoor, Dahlby, and Hughes).
- “Forecasting Economic Data Based on Terrorist Attacks,” Journal of the Academy of Financial Management, 2010 (J. Kooti and M. Fahti).
- “Management Forecasting and Measuring Accuracy of Forecasting Techniques,” International Journal of Business, Marketing, and Decision Sciences, 2010 (M. Fahti and J. Kooti).
- The Next Great Depression: The Future of the Coming Economic Storm, Fall 2009, Best Seller List in Economics/Inflation.
- “The Implications of Gramm-Leach-Bliley on the 2008 Economic Downturn,” Franklin Business and Law Review, Volume 4, 2008.
- “The Bad Neighbor: A Case Study of State Farm in Hurricane Katrina,” Conflict Negotiation and Resolution Journal, Volume 1, 2008 (A.J. Kooti and J. Kooti).
- “Using the Buffet Model: The K-Mart Recovery,” Journal of Global Education, Volume 1, 2008 (S. Murrie, A.J. Kooti and D. Valentine).
- “Identifying Marketing Strategies for a New Product; A Case Study,” Business Journal for Entrepreneurs, Volume 1, 2008 (D. Valentine).
- “Distribution Channels of Online Commodities,” Conflict Resolution and Negotiation Journal, Summer, 2007 (B. Kinard).
- “The Theory of Efficient Capital Markets…A Review of Literature,” Journal of Business for Entrepreneurs, Spring 2007.
- “Accreditation and Assessment: A Provocative Approach,” Journal of College Teaching and Learning, Fall 2007 (J. Kooti and D. Valentine).
- “Minority Marketing in the Finance Industry,” Global Journal for International Financial Analysts, Volume 8, Spring 2007 (J. Kooti and D. Valentine).
- “Explaining January Returns: The Santa Clause Hypothesis,” Journal of Applied Financial Research, Volume 1, Issue 1, 2007 (J. Kooti).
- “Workforce Capacity and Employer Satisfaction in Southwest Georgia: A Case Study in Rural Economic Development Needs,” Journal of Business for Entrepreneurs, Volume 2006, Issue 1 (J. Kooti).
- “E-Pricing: Cruising in the South,” Bottom Line, Fall 2006 (D. Valentine, B. Heshizer, and C. Howell).
- “November Effect and Tax Loss Selling: An Empirical Investigation,” The Journal of International Business Research, Fall 2006 (J. Kooti).
- “Perceptions of a Family-Based Community: Predictors from a Rural Community,” Insights to a Changing World, Volume 2005, Issue 4 (J. Kooti and D. Valentine).
- “The Performance Measure of U.S. and International Mutual Funds Versus the Standard and Poors 500 Index Fund,” Journal of International Financial Management, Summer 2005 (B. Hayes).
- “Retail vs. Etail, a Look at Expedia.com,” Coastal Business Journal, Summer 2005 (D. Valentine and B. Kinard).
- “Online Vs. On Ground: Academic Honesty in Online Classes,” Presented at International Organization of Social Sciences and Behavioral Research Conference 2018 (R. Reich, D. Valentine)
- “International Currency Exchange Rate and Gasoline Price,” Southern Journal of Business and Economics, Spring 2016 (F. Xu and D. Wang).
- “The Virtual Professor,” Administrative Issues Journal, Fall 2014 (R. Bennett).
- “An Examination of Risk-Adjusted Returns Caused by Terrorist Attacks,” Journal of Insurance Research, Spring 2012 (C. Bishop).
- Real Estate Analysis, Spring 2011 (Co-editors Diaz and Hansz).
- Personal Finance 1st Edition, Spring 2011 (Co-editors Kapoor, Dahlby, and Hughes).
- “Forecasting Economic Data Based on Terrorist Attacks,” Journal of the Academy of Financial Management, 2010 (J. Kooti and M. Fahti).
- “Management Forecasting and Measuring Accuracy of Forecasting Techniques,” International Journal of Business, Marketing, and Decision Sciences, 2010 (M. Fahti and J. Kooti).
- The Next Great Depression: The Future of the Coming Economic Storm, Fall 2009, Best Seller List in Economics/Inflation.
- “The Implications of Gramm-Leach-Bliley on the 2008 Economic Downturn,” Franklin Business and Law Review, Volume 4, 2008.
- “The Bad Neighbor: A Case Study of State Farm in Hurricane Katrina,” Conflict Negotiation and Resolution Journal, Volume 1, 2008 (A.J. Kooti and J. Kooti).
- “Using the Buffet Model: The K-Mart Recovery,” Journal of Global Education, Volume 1, 2008 (S. Murrie, A.J. Kooti and D. Valentine).
- “Identifying Marketing Strategies for a New Product; A Case Study,” Business Journal for Entrepreneurs, Volume 1, 2008 (D. Valentine).
- “Distribution Channels of Online Commodities,” Conflict Resolution and Negotiation Journal, Summer, 2007 (B. Kinard).
- “The Theory of Efficient Capital Markets…A Review of Literature,” Journal of Business for Entrepreneurs, Spring 2007.
- “Accreditation and Assessment: A Provocative Approach,” Journal of College Teaching and Learning, Fall 2007 (J. Kooti and D. Valentine).
- “Minority Marketing in the Finance Industry,” Global Journal for International Financial Analysts, Volume 8, Spring 2007 (J. Kooti and D. Valentine).
- “Explaining January Returns: The Santa Clause Hypothesis,” Journal of Applied Financial Research, Volume 1, Issue 1, 2007 (J. Kooti).
- “Workforce Capacity and Employer Satisfaction in Southwest Georgia: A Case Study in Rural Economic Development Needs,” Journal of Business for Entrepreneurs, Volume 2006, Issue 1 (J. Kooti).
- “E-Pricing: Cruising in the South,” Bottom Line, Fall 2006 (D. Valentine, B. Heshizer, and C. Howell).
- “November Effect and Tax Loss Selling: An Empirical Investigation,” The Journal of International Business Research, Fall 2006 (J. Kooti).
- “Perceptions of a Family-Based Community: Predictors from a Rural Community,” Insights to a Changing World, Volume 2005, Issue 4 (J. Kooti and D. Valentine).
- “The Performance Measure of U.S. and International Mutual Funds Versus the Standard and Poors 500 Index Fund,” Journal of International Financial Management, Summer 2005 (B. Hayes).
- “Retail vs. Etail, a Look at Expedia.com,” Coastal Business Journal, Summer 2005 (D. Valentine and B. Kinard).
- “How Groupthink Influenced the Ford/Firestone Fiasco,” Ethics and Critical Thinking, Volume 2005, Issue 1 (D. Valentine and N. McMinn).
- “The World Series Stock Market Predictor,” Journal of Business, Industry, and Economics, Spring 2005 (M. Foster and C. Hopkins).
- “Student Attributes and Successful Performance, An Empirical Examination,” Insights for a Changing World, Fall 2004 (F. David).
- “K Mart: A Roadmap to Bankruptcy,” Ethics and Critical Thinking Quarterly Journal, Fall 2004 (R. Schifer).
- “Efficient Markets and E-Commerce: The Hotel Industry,” World Sports and Entertainment Journal, Summer 2004 (B. Kinard and R. Schifer).
- “The Use of the IRAs in the Teaching of Finance,” The American Academy of Financial Management Journal, Volume 5, Summer 2004.
- “E-Pricing: The Transportation Market in the South,” Business Journal for Entrepreneurs, Volume 2004, Issue 2 (D. Bendall, B. Kinard, and B. Barnes).
- “Cheaters Never Win….Or Do They Just Graduate With Honors?” Ethics and Critical Thinking Quarterly Journal, Spring 2004 (F. David and B. Kinard).
- “The Internet in the Instruction of Finance,” Insights to a Changing World Journal, Volume 2004, Issue 2 (G. de Haas).
- “Travel in Arkansas: The Airline Industry,” Arkansas Review of Business and Economics, 2005 (D. Bendall, B. Kinard, and B. Barnes).