Jean-Michel Ferat is a Senior Managing Director at Ankura Consulting Group, located in the Washington DC office. He has over 20 years of experience in the specialized fields of forensic accounting, fraud detection and data analytics. Mr. Ferat has applied his skills in a variety of cases involving financial statement fraud, corruption, kickbacks, collusive bidding rings, money laundering, embezzlement and terrorist financing. In addition to his client work, Mr. Ferat was recently appointed as the forensic accounting expert of the Finance and Audit Committee of the Board of Directors of the Global Fund to Fight Aids, TB and Malaria, a $12 billion organization based in Switzerland.
Over the course of his career, Mr. Ferat has led or participated in numerous high-profile and complex projects across the United States and in numerous international locations including Burkina Faso, Cambodia, Cameroon, Djibouti, Guinea, Holland, India, Indonesia, Jordan, Kenya, Latvia, Liberia, Madagascar, Mali, Mauritania, Mexico, Pakistan, South Africa, Trinidad and Tobago, United Arab Emirates and Vietnam. A sample of some of his recent and more significant cases includes:
- FCPA Monitorship: Currently leading a team of forensic accountants in support of a three-year Department of Justice monitorship required under the Foreign Corrupt Practices Act.
- Deepwater Horizon Economic Claims Center: Engaged by Special Master Louis Freeh to lead a team of forensic accountants and data analytics specialists to identify and help mitigate fraud in the $10 billion BP Deepwater Horizon claims process.
- Large Non-Profit Organization: Currently leading a team of forensic accountants and data specialists to undertake fraud reviews and risk assessments of various international program locations.
- Fortune 100 Financial Services Company: Currently engaged by outside counsel to identify, acquire and analyze disparate data sets going back decades for purposes of reconstructing revenues streams pursuant to a dispute with a joint venture partner.
- Kyrgyzstan Government: Engaged by outside counsel to assist in the potential recovery of funds allegedly embezzled by a former regime.
- Settlement Facility of the Dow Corning Trust: Led a review of the claims facility’s quality management and fraud detection procedures for this $1 billion settlement fund.
- Mar-Jac Poultry vs. Katz: Engaged to help defend the author of the book “Terrorist Hunter” against two libel suits and one constitutional tort action arising out her investigation of Muslim charities’ alleged funding of terrorism.
- The Global Fund to Fight Aids TB and Malaria: Engaged as external forensic accounting expert for over five years to assist the Inspector General in his investigations of fraud and corruption around the world.
- The World Bank: Engaged as external forensic accounting expert for over four years to assist the Integrity Vice Presidency in its investigations of fraud and corruption around the world.
- United Nations Oil for Food Program: Engaged as the lead forensic accountant in charge of various financial investigative facets. In addition to massive forensic data analysis on $64 billion in financial transactions, was in charge of the review and assessment of hundreds internal and external audit reports prepared on the Program.
- Securities and Exchange Commission of Pakistan: co-lead a high profile forensic investigation in Islamabad into the sudden rise and collapse of the Karachi Stock Exchange index during March 2005.
- 9/11 Victims Compensation Fund: For the US Department of Justice’s September 11th Victim Compensation Fund assisted in the design of the claims processing system as well as the establishment of claims review procedures.
- Swiss Bank Holocaust Investigation: Managed various aspects of the multi-year forensic accounting investigation of a large Swiss bank to uncover dormant accounts owned by Holocaust victims.
- WorldCom Inc.: managed team in the completion of various tasks relating to forensic accounting investigation at WorldCom Inc. Tasks included analysis of hundreds of thousands of transactions for identification of potentially fraudulent or non GAAP-compliant entries, review of emails and user files acquired from over 100 imaged computers and servers using key-word and other technological tools, participation in witness interviews, and assistance in preparation of final report to the Board of Directors.
Mr. Ferat is a Certified Public Accountant and holds the Certified in Financial Forensics (“CFF”) accreditation from the American Institute of Certified Public Accountants.
In 2013, Mr. Ferat was asked to join the faculty at the CEELI Institute in Prague Czech Republic where he teaches a course in forensic accounting in the context of internal corruption investigations.
Mr. Ferat obtained his Bachelors of Science Degree from the University of Maryland.