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Our Litigation & Disputes consulting practice focuses on assisting clients facing complex issues within the litigation, mediation and arbitration environment.

At Ankura, our consultants rely on extensive quantitative expertise and industry experience to provide clear, concise, and defensible strategies and solutions across all stages of litigation. We also have experience providing expert services, including expert report preparation and expert testimony, across a variety of issues and topics.

EdBell

Edward Bell

Senior Managing Director

Ankura Consulting Group

1220 19th Street, NW, Suite 700 Washington, DC  20036
ed.bell@ankuraconsulting.com
Main: +1.202.721.0938
Mobile: +1.703.447.4059

Education

BSE, Princeton University
MBA, University of Virginia

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Edward J. Bell, a Senior Managing Director of Ankura Consulting Group (formerly with ARPC), is an expert in the use and development of technology solutions to enhance the outcomes of litigation and business challenges. Mr. Bell has led numerous projects in business intelligence, large database analysis and management, large scale claims processing, and financial systems.

With over twenty years of experience, Mr. Bell has worked in the fields of finance and accounting, marketing, operations, and planning. Mr. Bell has designed and applied enterprise-level methodologies for systems design and development specifically suited to business intelligence and litigation support applications. Mr. Bell’s projects include: development of a centralized claims processing system for asbestos trusts; building a case tracking and management tool for an Am Law 100 firm; leading the project to deploy a national, real-time inventory management and pricing system; overseeing the design and development of a business intelligence solution for a national distributor; building a conference scheduling tool for one of the largest producers of technical conferences in the country; and developing an e-commerce market tool that is used by over 2,000 store fronts worldwide.

Before joining ARPC, Mr. Bell founded and led an IT consulting firm, E.J. Bell & Associates, for 12 years.

RanFarmer

Ran Farmer

Senior Managing Director

Ankura Consulting Group

1220 19th Street NW, Suite 700, Washington, DC  20036
ran.farmer@ankuraconsulting.com
Main: +1.202.481.1340
Mobile: +1.571.239.3276

Education

MS, Carnegie-Mellon University
BS, The Pennsylvania State University

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Ran Farmer is a Senior Managing Director of Ankura Consulting Group (formerly with ARPC).  Since joining the firm in 2011 he has been involved in numerous class action litigation cases and the negotiation and administration of major settlements.  Some of these cases have included settlements of class disputes involving alleged wrongful billing in the telecom and wireless industry, passenger redress compensation in the airline industry, and the NFL concussion case among others.

Prior to joining Ankura, Mr. Farmer was an investor and Managing Director of Netbiscuits, a German company with the leading platform for cloud-based mobile Internet application development and delivery. Mr. Farmer established the company’s U.S. operations, leading its expansion in the media and entertainment, publishing, ecommerce, travel, retail, advertising and enterprise sectors. Mr. Farmer grew the business to more than 50% of worldwide revenue, playing a key role in helping the company successfully raise over $40 million in private equity funding.

Mr. Farmer previously founded and managed technology companies involved in satellite data communications and electronic payment transaction processing. He established a satellite data communications company in Prague, Czech Republic, which was sold to GE Spacenet. He later founded a company providing payment transaction processing services and electronic prepaid mobile phone payments in the Baltic countries. Mr. Farmer successfully raised $2 million in venture capital funding and the company was later acquired by private investors.

From 1994 to 1998, Mr. Farmer was a Partner at Deloitte & Touche in the Management Consulting and Finance Practice for Central Europe based in Prague, Czech Republic. He was responsible for banking privatization and restructuring as well as financial and market due diligence for international investment transactions throughout Central Europe.

He was the advisor on sale transactions for the first three Internet Service Providers (ISPs) sold in Central Europe, including Czech On Line.

Mr. Farmer previously served as Country Manager for KPMG Peat Marwick in Central Europe from 1990 to 1994. He established the company’s offices in Prague, Czech Republic and Bratislava, Slovakia where he developed the banking and privatization and restructuring practices. Prior to his international assignments Mr. Farmer was a Senior Manager with KPMG Peat Marwick based in Washington, DC where he led numerous engagements involving economic, financial and market analysis.
Mr. Farmer began his career as a business strategy and financial consultant at Booz, Allen & Hamilton.

Mr. Farmer received a dual Master of Sciences Degree in Industrial Administration and Policy Analysis (MSIA/MPA) from Carnegie-Mellon University and a Bachelor of Sciences Degree in Economics from The Pennsylvania State University.

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Amy Brockman

Senior Managing Director

Ankura Consulting Group

1220 19th Street, NW, Suite 700, Washington, DC 20036
amy.brockman@ankuraconsulting.com
Main: +1.202.797.1111
Mobile: +1.202.744.2564

Education

MS,Statistics, Virginia Polytechnic Institute and State University
BS, Statistics, Virginia Polytechnic Institute and State University

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Amy Brockman is a Senior Managing Director at Ankura Consulting Group based in Washington, DC.  Ms. Brockman is an expert in applying statistical and mathematical modeling techniques to solve quantitative litigation and environmental problems in legal and business arenas.  She has over twenty-five years of experience in litigation services consulting and environmental sciences and health support.

Ms. Brockman’s primary focus is the estimation of the volume, timing, and total indemnity of future product liability claims using actuarial and epidemiological models.  She has estimated current and future liabilities for solvent companies and during bankruptcy proceedings.  Ms. Brockman has over twenty years of experience in applying her statistical expertise to the analysis of product liability claims in many different industries involved in mass tort litigation and class actions.

Ms. Brockman also leads the firm’s activities in data analytics and sample survey design and implementation.  For the past twenty years she has led large quantitative analysis efforts in support of contract dispute litigation, large property claims, government regulation, environmental and health issues, and the establishment of asbestos trusts.

Ms. Brockman has consulted for law firms, corporations, governments, and trusts.  Her clients include Kirkland & Ellis, Jones Day, Morgan Lewis, W.R. Grace, Dow Chemical Corporation, Armstrong World Industries, Specialty Products Holding Corp, and Pittsburgh Corning.

Before joining ARPC, Ms. Brockman worked at KPMG where she led large quantitative modeling projects.  Prior to her work at KPMG, she was a statistical consultant at SAIC in the environmental field.

Ms. Brockman has a Bachelors of Science and Masters degree in Statistics, both from the Virginia Polytechnic Institute and State University.

 

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John Brophy

Senior Managing Director

Ankura Consulting Group

1220 19th Street, NW Suite 700, Washington DC  20036
john.brophy@ankuraconsulting.com
Main: +1.202.797.1111

Education

MBA, Georgetown University
BS, Commerce, University of Virginia

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John M. Brophy is a Senior Managing Director at Ankura Consulting Group in Washington, DC and is an expert in the management and analysis of mass tort litigation, complex settlements, and product liability cases.  He also specializes in the development of business intelligence analytics in support of large disputes and settlements and has more than 25 years of experience in these areas.  He has advised on some of the largest cases in US history in several industries, including environmental, pharmaceuticals, medical devices, finance, telecommunications, and manufacturing.

Since joining the firm in 1997, Mr. Brophy has developed extensive experience in the creation of trust organizations that have arisen from bankruptcies and settlements resulting from large scale, mass tort litigation.  He has led the analysis and modeling of liability and claims for class action suits, as well as the construction and implementation of databases and systems for trusts and large settlement funds.  He currently leads the development of a business analytics system and serves as settlement administrator for multiple large settlement funds in the telecommunications industry.

Mr. Brophy has led the establishment of trusts for multi-billion dollar tort settlements in the manufacturing, pharmaceutical, medical device and telecommunication industries, and he conducted the cash flow and valuation analysis on both the asset and liability sides of the balance sheet for these trusts.  He has designed systems for the claims process in these settlements, and structured database systems for analysis, reporting, and monitoring of the trusts.  He serves in the role of executive director or settlement administrator in more than a dozen of these trusts and funds, where he provides advice to the boards regarding their financial and operational concerns, and manages these entities on a day-to-day basis.
From 1994 to 1997, as a Senior Consultant at KPMG, Mr. Brophy performed litigation analyses for a number of solvent and bankrupt entities, providing advice on the costs and liability related to a variety of products.

From 1992 to 1994, as a Senior Consultant for Resource Planning Corporation, Mr. Brophy performed cost analyses in CERCLA and FIFRA disputes, including cost recovery efforts in the Love Canal Superfund case and a variety of chemical and pesticide disputes.
From 1987 to 1989, Mr. Brophy was a research analyst for Strategic Planning Associates, a management consulting firm focused on restructuring.  Mr. Brophy’s efforts were focused on cost and restructuring analyses in the insurance, commercial trucking, and aircraft engine industries.

Mr. Brophy received a Master in Business Administration from Georgetown University, as well as a certificate in international finance from Oxford University in Oxford, England, in 1992.  He is a 1987 graduate of the University of Virginia, where he achieved a Bachelor of Science degree in Commerce from the McIntire School of Commerce.

PhilDaddona

Philip Daddona

Co-President

Ankura Consulting Group

750 Third Avenue, 28th Floor, New York, NY 10017
philip.daddona@ankuraconsulting.com
Main: +1.212.818.1555
Mobile: +1.917.796.7241

Education

BS, Stony Brook University
Harvard Business School, Guest Lecturer 2000-2006
Texas A&M University, Mays Business School, Guest Lecturer 2008

Affiliations

American Bar Association (Associate)

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Philip Daddona is Co-President at Ankura Consulting Group, located in the New York office. He has extensive experience in the resolution of complex disputes and significant investigative, operational and financial management experience in various industries. Mr. Daddona has served as a neutral in major class action matters, an arbitrator in numerous cases and he has provided expert testimony in arbitration and litigation matters. He has served as the Independent Private Sector Inspector General for capital projects performed by public agencies as well as an independent monitor for corporations convicted of wrongdoing. As financial advisor to SEC and DOJ Receivers, he has led investigative teams focused on the recovery and liquidation of assets including the orderly sale and closure of entities.

Mr. Daddona’s professional experience includes:

  • World Trade Center 9/11 Monitorship – Served as the overall independent financial Monitor on behalf of the City of New York for the cleanup at the World Trade Center following the terrorists’ attacks of 9/11.
  • Civil Rights Class Action – Served as the court appointed Independent Claims Administrator (neutral) in the settlement of a $50 million civil rights class action in New York City emanating from 4th Amendment abuses.
  • SEC Receivership (hedge funds) – Led a multi-disciplinary team serving as financial advisor to the SEC Receiver of the Michael Kenwood Group of hedge funds in CT. The investigation determined that the funds were a Ponzi scheme with potential losses of $700 million. He led the wind down of business operations including the liquidation of assets for the benefit of the victims
  • Performing Arts Center Monitorship – Served as the Independent Private Sector Inspector General for Miami-Dade County responsible for ethics, integrity and compliance in the development and construction of the city’s new Performing Arts Center.
  • Life Insurance Class Action – Selected to lead the Independent Claims Evaluation Team (neutral) for the provision of claims remediation determinations (650,000) arising as part a $2 billion class action settlement.
  • SEC Enforcement Action – Working with the SEC Consultant led the team which captured, converted and tested 18 million transactions as part of an SEC enforcement action against a global bank. Verified remediation on an independent basis.
  • SDNY Receivership – Served as financial advisor to the Receiver of a cash management business seized by the government after a theft of $50 million was discovered. Led the orderly closure of the business including the sale of two viable entities and all other assets through bankruptcy.
  • Life Insurance Class Action – Appointed by the Connecticut Attorney General and the Department of Insurance to oversee the remediation of a deceptive sales practices settlement for residents of the State.
  • SIPC Claims Management – Supervised, on behalf of SIPC, the processing of claims as part of the liquidation of a bankrupt broker-dealer.
  • Antitrust Class Action – Provided independent reviews and adjudication of claims (neutral) as part of the settlement of an antitrust class action in the publishing industry arising from anti-competitive practices.
  • NYC School Construction Authority Monitorship – Performed capital project fraud investigation on behalf of the NYCSCA relating to prevailing wage violations, payoffs and kickbacks.
  • Global Defense Contractors Arbitration – Served as Chairman of an International Arbitration Panel (private-ICC rules) regarding earn-out and profit sharing provisions of an aircraft manufacturing joint venture contract between French and US companies.
  • Life Insurance Class Action – Led the alternative dispute resolution process (neutral) and remediation on behalf of insurance regulators in a deceptive sales practices class action settlement in Illinois.
  • Court Approved Corporate Monitor – Served as an independent monitor for a bridge painting contractor in NYC convicted of a felony throughout the term of its corporate integrity agreement.
  • IP Dispute – Provided damage analyses and settlement negotiation assistance for HP caused by trademark infringement arising from its sponsorship of the World Cup in France.
  • Chief Restructuring Officer – Provide overall supervision and interim management for the orderly closure of a commercial window manufacturing company. The company was involved in both publicly funded and private contracts exceeding $75 million in aggregate at the time of closure. Completed the manufacturing and installation of work in process and managed 87 dispute matters including collection and performance issues.

Mr. Daddona has a Bachelor’s of Science Degree from Stony Brook University and was a guest lecturer at the Harvard Business School from 2000-2006 in the Professional Services Curriculum. He was also a guest lecturer at the Mays Business School at Texas A&M in 2008.

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Deirdre Del Re

Managing Director

Ankura Consulting Group

633 West Fifth Street, 28th Floor, Los Angeles, CA 90071
deirdre.delre@ankuraconsulting.com
Main: +1.213.223.2109
Mobile: +1.213.248.4846

Education

BFA, Illustration, California State University, Long Beach

Certifications

Bio-Medical Illustration

Affiliations

Member of Women Lawyers Association of Los Angeles

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Deirdre Del Re is a Managing Director at Ankura Consulting Group and is based in Los Angeles, CA. Ms. Del Re specializes in strategic theme development, information design and presentation delivery of evidence for use in trials, arbitrations and mediations.  She has developed compelling visual communication solutions for the litigation community for 30 years.  Ms. Del Re has consulted with experts, attorneys and corporate clients on hundreds of matters in the U.S. and abroad.

Ms. Del Re is a member of Ankura Consulting’s Visual Communications team and leads the firm’s West Coast activity for that practice.  Her skills in the art of visual storytelling apply to a broad range of cases in the following areas: contract and royalty disputes in entertainment and bio-technology; environmental contamination; false advertising; fraud; food labeling; insurance coverage; patent; personal injury; product liability; trademark/tradedress; and toxic tort.

Prior to joining Ankura Consulting, Ms. Del Re was a Managing Director with FTI Consulting in Los Angeles.  She was a leader in FTI’s national Trial Services practice and had a key role in developing substantial relationships with law firms and corporate clients.  While at FTI, she managed engagements that garnered national attention and note-worthy verdicts and awards for her clients.

Ms. Del Re led activity in Energy and Environmental matters for her practice.  In this capacity, she managed teams on large, multi-defense engagements and worked closely with experts in the following disciplines: accounting; bio-technology; construction; epidemiology; geology; hematology; hydrogeology; human health risk and industrial hygiene; petrochemical manufacturing; regulatory; toxicology; and vapor mitigation.

Ms. Del Ré spent nearly a decade with PHB Hagler Bailly (formerly Freeman & Mills), a global economic consulting firm, as a Litigation Consultant.  In this capacity, she worked on matters related to forensic accounting, banking, fraud, environmental contamination, superfund site insurance allocation, and white collar crime.

Ms. Del Re began her litigation consulting career as a medical illustrator and spent the early years of her career as an Illustrator/Designer at Los Angeles-based Graphic Evidence, and later as creative director/principal at Los Angeles-based Exhibit ‘A’ Trial Graphics.

Ms. Del Re majored in the Drawing and Painting Program at UCLA and received a BFA in Illustration and Certification as a bio-medical Illustrator from California State University at Long Beach.

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Nicholas DeLuca

Managing Director

Ankura Consulting Group

1220 19th Street NW, Suite 700, Washington, DC 20036
nicholas.deluca@ankuraconsulting.com
Main: +1.202.721.0944
Mobile: +1.202.596.5481

Education

MBA, Georgetown University, McDonough School of Business
BS, Economics, University of Pittsburgh

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Nicholas DeLuca is a Managing Director at Ankura Consulting Group based in Washington, DC.  He has 14 years of experience in data analytics in the context of litigation, mass torts, and economic analysis.  Mr. DeLuca leads Ankura’s team of data scientists across a wide variety of consulting engagements acting as both a project manager and a technical resource.

Mr. DeLuca joined the firm in 2008 and works primarily with mass tort and trust services clients.  In servicing Ankura’s trust clients, he developed the algorithms used to compensate asbestos personal injury trust claimants.  These models have been used to distribute billions of dollars to hundreds of thousands victims of asbestos related diseases.  Mr. DeLuca is also responsible for ongoing distribution of the AT&T Mobility Settlement.  In servicing this client, Ankura has produced estimates of return mail volumes, correspondence, as well as models explaining check clearing behavior.  To date, nearly $200 million dollars has been sent to more than 10 million class members.  Some other cases Mr. DeLuca has worked on include: litigation monitoring, analysis, and outcome prediction for a Fortune 100 client; and estimating future litigation costs and liabilities for a global engineering and construction contractor and power equipment supplier.

Prior to joining Ankura, Mr. DeLuca was a Consultant with Global Insight (now IHS).  His clients were companies and trade associations, for which he created numerous estimates and forecasts.  He created a national employment estimate of highway–related professionals for the largest national trade association for the trucking industry and presented these findings at regional meetings.  Mr. DeLuca also developed commodity reports and analyzed utilization of transportation infrastructure for an international investment bank’s proposed investment in privatized highways.  His forecasting engagements included developing heavy equipment forecasts for 54 product region combinations for a major heavy equipment manufacturer, and maintaining a model for forecasting national mail for the United States Postal Service at the 3–digit zip code level.

Mr. DeLuca began his career with Economic Consulting Services, LLC, a Washington, DC based consulting firm specializing in international trade disputes.  While there, he worked with senior partners and client law firms to conduct complex economic data compilation and analysis in the context of anti-dumping and countervailing duty investigations heard before the International Trade Commission.  He also created databases for use at the Department of Commerce in those same types of cases.

Mr. DeLuca received a Masters in Business Administration from Georgetown University’s McDonough School of Business in 2012.  At Georgetown, he worked with the Louis Dreyfus Company to evaluate a proposed investment in lecithin and glycerin production.  He received a Bachelor of Science in Economics from the University of Pittsburgh in 2003.

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Marc-Philip Ferzan

Senior Managing Director

Ankura Consulting Group

1220 19th Street, NW, Suite 700, Washington, DC 20036
marc.ferzan@ankuraconsulting.com
Main: +1.202.797.1111
Mobile: +1.609.751.3867

Education

JD, Fordham University School of Law
BA, Rutgers University

Affiliations

Fellow – Darden School of Business, Institute for Business in Society
Panelist – National Institute for Standards and Technology, Community Resilience Panel for Buildings and Infrastructure Systems
Bar admissions – New York, New Jersey, Pennsylvania

Honors & Awards

Director’s Award from the US Department of Justice
Inspector General’s Award from the US Department of Health & Human Services
Award for Excellence from the President’s Council on Integrity and Efficiency

Languages

French (Proficient)

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Marc–Philip Ferzan is a Senior Managing Director at Ankura Consulting Group based in Washington, DC and Charlottesville, VA. He has more than 20 years of experience in addressing complex challenges, conducting methodical investigations, and collaborating with a range of subject matter experts to facilitate informed decision–making for leaders tackling some of the most significant immediate and emerging risks of the 21st Century. Mr. Ferzan has an extensive background in implementing projects and programs in complicated regulatory environments, and has spent much of his career focusing on issues related to emergency preparedness and response, crisis management, and evaluating relevant geopolitical, economic, environmental, societal and technological factors in a holistic way to maximize opportunity and minimize risk. It is through this lens that he and the Ankura team work with clients to help inform a broad range of strategic and tactical plans, facilitate capital planning and investment decisions, and devise cost–effective and efficient solutions for building resilience across critical facilities and IT systems.

Prior to providing risk advisory and management services to clients, Mr. Ferzan enjoyed unique professional experiences that are the foundation for his approach to helping clients devise realistic and scalable solutions that can be implemented to adapt where higher risk profiles exist. Over the course of his career, he has undertaken a number of leadership roles to tackle significant challenges confronting public and private sector entities, including those presented by the often interconnected impacts of natural disaster events, infrastructure and critical facilities failures, cyber–attacks, and homeland security threats, among others.

In the aftermath of Hurricane Sandy, a Presidentially–declared natural disaster event resulting in multi–billion dollar impacts to the New York and New Jersey metropolitan region’s infrastructure, economic, housing, natural resources, and health and social services sectors, Mr. Ferzan was appointed by the Governor of New Jersey to a newly created dual cabinet and senior staff position responsible for developing a coordinated and accelerated approach to the State’s recovery by leveraging available federal, state, and private sector resources. As part of his responsibilities, he also served as the Governor’s representative on the President’s multi–agency Hurricane Sandy Task Force, which recommended best practices in post–disaster recovery and rebuilding processes, highlighted opportunities to enhance resilience and mitigate damages from future extreme weather events and other hazards, and promoted innovative solutions for private sector contribution and collaboration through mechanisms like Public Private Partnerships.

Mr. Ferzan also previously served as part of the front office management team at the New Jersey Office of the Attorney General as Executive Assistant Attorney General. Maintaining necessary security clearances, he helped to manage more than 8,000 employees, and provided legal and policy guidance on a broad range of law enforcement, homeland security, emergency response, and regulatory matters to the Attorney General, as well as the Governor and Lt. Governor, Statehouse staff, and executive–level management of State departments and agencies. Before joining the Attorney General’s Office, he served as a federal prosecutor with the US Attorney’s Office in New Jersey, where he held various leadership positions, including Chief of the Commercial Crimes Unit, and Acting Deputy and Executive Assistant US Attorney. While at the US Attorney’s Office, Mr. Ferzan was assigned necessary security clearances to facilitate national security investigations, and also established and supervised the Office’s first Department of Justice–designated Computer Hacking and Intellectual Property (CHIP) group of prosecutors responsible for investigating and prosecuting data breaches, botnets, malicious computer viruses, and computer intrusions in conjunction with the FBI, US Secret Service, and other Federal and state law enforcement agencies. Prior to joining the US Attorney’s Office in New Jersey, he also served in Washington, DC as a Trial Attorney with the US Department of Justice and Senior Counsel with the US Securities and Exchange Commission’s Division of Enforcement.

Mr. Ferzan currently holds an appointment as a Lecturer in Public Policy at the University of Virginia’s Frank Batten School of Leadership and Public Policy. His courses have examined existing policies and practices related to the challenges of managing various risks, as well as opportunities to channel public and private sector resources into long–term planning, sustainability, and resiliency initiatives.

His previous professional presentations and speaking engagements include:

  • Keynote Speaker, “Innovations in Energy Efficiency and Distributed Generation Finance,” Environmental Defense Fund Conference, New York, NY (March 27, 2014)
  • Closing Keynote Speaker, “Business in Society Conference: Public–Private Partnerships, An Opportunity to Build the Nation’s Resilience,” Darden School of Business Conference, Charlottesville, VA (March 20, 2015)
  • Panelist, “Infrastructure and Environment, Continuity of Critical Services,” Rockefeller Foundation Resilience Academy, Chicago, Il (July 27, 2015)
  • Host / Moderator, “Constitution Day: A View from the Newsroom, The First Amendment and Freedom of the Press” University of Virginia, Charlottesville, VA (September 17, 2015)
  • Panelist, “Earthquakes, Nuclear Meltdowns, and Chemical Spills: Legal Responses to Disasters in the US and Asia – Mapping the Legal Terrain,” University of Pennsylvania Law School Conference, Philadelphia, PA (November 20, 2015)
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Jason Flemmons

Senior Managing Director

Ankura Consulting Group

1220 19th Street NW, Suite 700, Washington, DC  20036
jason.flemmons@ankuraconsulting.com
Main: +1.202.524.8384

Education

BBA, Accounting, College of William and Mary

Certifications

Certified Public Accountant
Certified Fraud Examiner
Certified in Financial Forensics

Affiliations

AICPA FVS Executive Committee
AICPA FLS Fraud Task Force
Association of Certified Fraud Examiners

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Jason Flemmons is a Senior Managing Director in the Financial Forensics practice of Ankura Consulting Group.  Mr. Flemmons has over 20 years of experience in forensic accounting, corporate investigations and technical accounting and auditing matters.  Mr. Flemmons provides a broad range of expert and consulting services involving accounting advisory, auditor liability, fraud examination, dispute resolution and other services.

Prior to joining Ankura Consulting Group in May 2016, Mr. Flemmons was a Senior Managing Director in the Forensic Accounting and Advisory Services practice at FTI Consulting from December 2012 to May 2016.  Mr. Flemmons led numerous consulting and expert engagements involving a variety of accounting, auditing and disclosure related matters in connection with regulatory investigations and post-acquisition disputes.

Mr. Flemmons is the former Deputy Chief Accountant of the U.S. Securities & Exchange Commission’s Division of Enforcement, where he supervised and performed numerous financial and accounting fraud investigations involving SEC registrants and other parties. During his 12 years of service in the SEC’s Division of Enforcement from October 2000 to November 2012, Mr. Flemmons advised on a wide variety of technical accounting, auditing, disclosure and internal control matters. He also performed and managed cash-tracing investigations resulting from violations of the Foreign Corrupt Practices Act, asset misappropriations, Ponzi schemes and concealment of illicit gains. Mr. Flemmons co-chaired the Division of Enforcement’s Cross Border Working Group, which oversaw and coordinated numerous investigations involving issuers and auditors located in foreign jurisdictions. Mr. Flemmons worked closely with both SEC trial counsel and criminal prosecutors during the litigation of high profile matters in civil and criminal forums.

Before joining the SEC, Mr. Flemmons was a managing consultant in the Financial Advisory Services practice of PricewaterhouseCoopers. In addition to supervising forensic accounting investigations, he identified and evaluated potential purchase price dispute claims, performed economic damages analyses and investigated alleged employee embezzlement and money laundering. Mr. Flemmons also has experience performing financial statement audits of both publicly-traded and privately-held companies in a variety of industries located in the United States and overseas.

Mr. Flemmons received a Bachelor of Business Administration in Accounting from the College of William & Mary and is a Certified Public Accountant (CPA), a Certified Fraud Examiner (CFE) and is credentialed by the American Institute of CPA’s (AICPA) as Certified in Financial Forensics (CFF). In 2015, Mr. Flemmons was appointed to serve on the Executive Committee of the AICPA’s Forensic and Valuation Services (FVS) section. Mr. Flemmons also serves on the AICPA’s Forensic and Litigation Services (FLS) Fraud Task Force since his appointment in 2012. Mr. Flemmons is a frequent speaker at industry conferences nationally and internationally.

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B. Thomas Florence

Senior Managing Director

Ankura Consulting Group

1220 19th St. NW, Suite 700, Washiongton, DC, 20036
thomas.florence@ankuraconsulting.com
Main: +1.202.797.1111
Mobile: +1.202.253.8764

Education

PhD, Michigan State University
MA, Michigan State University
BBA, University of Kentucky

Honors & Awards

Summa Cum Laude, University of Kentucky
Beta Gamma Sigma Honor Society
Phi Kappa Phi Honor Society

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B. Thomas Florence, PhD is a Senior Managing Director at Ankura Consulting Group based in Washington, D.C.  Dr. Florence has over 40 years of experience in management consulting and research.  He has significant experience in class action and mass tort case management, liability risk assessment, forecasting, large-scale statistical modeling, litigation consulting, toxic tort evaluation, and work flow design and computerization.

Dr. Florence has participated in the start–up and on–going operations of entities established to resolve personal injury claims.  He has assisted in the formulation of policies and operations, including designing and implementing work flow procedures and methods for large–scale claim processing, from the receipt of the claim form to the payment of the claim.

Dr. Florence was retained by a number of personal injury trusts to consult in the area of claims management, and in several instances to perform assessments of the liabilities facing these trusts.  He has designed and implemented fully-integrated computerized management systems for processing millions of claims with billions of dollars in payments, and has provided claims valuation and liability assessment in numerous cases involving personal injury and property damage claims stemming from product and premise liability.

Dr. Florence has also provided allocations of potential insurance proceeds in support of liability requirements.  In formulating these assessments, he has evaluated the terms and conditions of the policies, as well as applied various choices of law across coverage blocks.  The output of these analyses includes the timing of the triggering of policies as well as the expected payments from the various policies and insurers.

Dr. Florence has been retained to assist the debtors in Chapter 11 bankruptcy cases for A. H. Robins Company, Inc., Eagle-Picher Industries, Inc., Fuller-Austin Insulation Company and W.R. Grace Inc.  Dr. Florence has also been retained as the claims valuation consultant in over a dozen Chapter 11 bankruptcy cases.  Dr. Florence has been retained by nearly thirty personal injury trusts to provide claims management services and/or perform assessments of the liabilities facing the trusts.  Dr. Florence has also been retained by the court to provide claims management consulting services for a breast implant claims office and a currency conversion fund.

Dr. Florence serves as the Executive Director of the following asbestos personal injury trusts for Babcock & Wilcox Trust, Armstrong World Industries Trust, U.S. Gypsum Trust, Owens Corning/Fibreboard Trust, Celotex Trust, Bondex Trust, Federal Mogul Trust, Flintkote Trust, Lummus Trust and Pittsburgh Corning Trust.  His work with asbestos and personal injury trusts also includes estimation of current and future health-related claims, as well as implementation of claims processing policies.

Dr. Florence has taught courses and given lectures in the areas of research design, psychometrics, multivariate statistical analysis, systems theory, and communication analysis, and has published in the areas of environmental auditing and environmental risk analysis.

Dr. Florence’s consulting experience includes a broad range of representative assignments.  These include, but are not limited to, estimation of liabilities and claim values and processing methods for bankruptcy cases, design and implementation of audit and information–system procedures, development of financial analysis and budgeting for government agencies (including development of related training programs), design and implementation of marketing strategies and analysis of psychological effects of broadcast media on information processing and decision–making.  Dr. Florence has also done design, analysis and implementation work related to hazardous waste cleanup and hazardous waste spills in the environment.

Dr. Florence received a Masters and Ph.D in Research Design and Statistics from Michigan State University. Additionally, Dr. Florence received a Bachelor of Arts in Business from the University of Kentucky, where he graduated Summa Cum Laude.

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Thomas Vasquez

Senior Managing Director

Ankura Consulting Group

1220 19th Street NW, Suite 700, Washington, DC  20036
thomas.vasquez@ankuraconsulting.com
Main: +1.202.797.1111

Education

PhD, Economics, Clark University
MA, Economics, Clark University
BS, Mathematics, State University of New York – Potsdam

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Thomas Vasquez, PhD is a Senior Managing Director at Ankura Consulting Group, based in the Washington, DC office.  Dr. Vasquez has over 35 years of experience providing economic, financial, strategic and operational consulting services to commercial firms, law firms, U.S. federal and state government agencies, and foreign governments. He has provided expert testimony on a wide range of economic and financial matters including some of the most significant cases of product liability, environmental and economic damage, bankruptcy and restructuring, and bodily injury in the past two decades.

Dr. Vasquez has provided management consulting services for private sector companies in a wide array of industry sectors.  The services include identifying methods to: (1) increase the stock price or value of the company; (2) leverage the firm’s brand asset; (3) assist underperforming companies and (4) provide valuation services.  Dr. Vasquez has also assisted US and foreign governments in the development of tax, expenditure and regulatory policy.  The services include the development of large scale micro-economic models to allow policymakers to determine individual and company behavioral reactions to tax and regulatory policy.

Dr. Vasquez has provided expert testimony, depositions and analytical support on litigation matters for a broad spectrum of issues involving statistical techniques, computer simulation, economic behavior and economic models, forecasting, valuation and liability estimation including, among others:

  • Using statistical models to forecast a company’s future liability from lawsuits related to its former production of asbestos including the following representative assignments – National Gypsum Corporation, the Fibreboard Corporation, Owens Corning, Congoleum, Western MacArthur, Burns and Roe, Inc. and Specialty Products Holding Corp.,
  • Using statistical models to forecast a company’s future liability from lawsuits related to its former sales of products.
  • Using statistical models to determine the settlement value of bodily injury and financial loss claims resulting from exposure to a wide range of hazardous or defective materials or activities.
  • The statistical analysis of the determinants of supply and demand in certain industry segments for use in business valuations before the Bankruptcy Court.
  • Analyzing the impact of regulation and tax policy on prices, sales and production.
    Analyzing the allocation of liability from a state’s superfund tax.
  • The statistical analysis of reasonable officer compensation levels in closely held companies.

Over the past 20 years, Dr. Vasquez has focused on evaluating the economic and non-economic loss from bodily injury claims.  In recent years, Dr. Vasquez has designed the algorithm for determining the damage from the BP Gulf Oil Spill, the NFL Concussion Settlement, the GM Ignition Failure settlement fund and virtually all of the major asbestos settlement trusts.

Prior to joining Ankura, Dr. Vasquez was a Vice President at Analysis, Research & Planning Corporation (ARPC) from 1998 through 2015.  From 1997 to 1998, Dr. Vasquez was the President and CEO of Yankelovich Partners, Inc., a leading market research firm.  While at Yankelovich Partners, Dr. Vasquez had responsibility for engagements designed to determine the best approach to maximize the value of the client’s firm.  These engagements involved understanding the source of the value components of the firm – value of the firm’s brand, product/service lines responsible for increasing (decreasing) stock price, the role of joint products and other key components of the firm’s value.

From 1993 to 1997, Dr. Vasquez was the National Partner in Charge of Corporate Transactions Services for KPMG Peat Marwick.  In this role he practiced in and led four of KPMG’s national practices.  One practice area was in the area of litigation support. This area involved almost exclusively the use of highly trained professionals in providing expert testimony in a wide range of litigation issues.  The second practice area involved providing consulting services in the bankruptcy and troubled company area.  This area involved analyzing the condition and prospects of a company in financial distress, generally involving recommendations for expense control, revenue growth, elimination/sale of product and distribution lines and the elimination/selling of production sites.  The third area is investment banking.  This area focused on three major components: (1) buying and/or selling of companies for middle market clients; (2) advice to non-public clients preparing an Initial Public Offering, and (3) advise to clients on methods to increase share price and/or cash flow in anticipation of sale.  The fourth area was business valuation.  This area focused on the valuation of businesses in a wide range of settings including bankruptcy, fairness opinions, mergers and acquisitions, estate planning and other venues requiring valuation services.

Dr. Vasquez served on the Firm’s Board of Directors from 1993 to 1997 and served as the Chairman of the Board’s Strategic Planning Committee.

Prior to selling his firm to KPMG, Dr. Vasquez was the founder and President of the Policy Economics Group.  Dr. Vasquez was responsible for all data base development and tax simulation modeling for federal and state government clients in the United States as well as foreign governments including among others Egypt, Pakistan, Hungary, the former Soviet Union, Trinidad-Tobago, Virgin Islands, Guam, El Salvador and Guatemala.  Dr. Vasquez also developed similar models using specialized industry data bases to determine tax impacts and behavioral responses for commercial firms, industry associations and law firms.  These models were also used to formulate the client’s strategic direction, market initiatives and value maximization strategies.

Prior to establishing the Policy Economics Group, Dr. Vasquez was the Deputy Director for the U.S. Department of the Treasury Office of Tax Analysis.  While there, he guided U.S. tax policy analysis and designed large micro-simulation models and data bases for the U.S. Treasury Department and the Joint Tax Committee of the U.S. Congress.  He appeared before Congress to provide testimony on such issues as capital gains taxation.  He also designed numerous specialized models and data bases for analyzing policy issues at the company, industry, and individual levels.

Dr. Vasquez received a Ph.D. degree in Economics from Clark University, a Master of Arts in Economics from Clark University, and a Bachelor of Science in Mathematics from the State University of New York (SUNY) – Potsdam.

MarkKing

Mark King

Managing Director

Ankura Consulting Group

1220 19th Street NW, Suite 700, Washington, DC 20036
mark.king@ankuraconsulting.com
Main: +1.202.721.0942
Mobile: +1.703.338.3877

Education

BSE, Virginia Polytechnic Institute and State University

Certifications

Certified Scrum Product Owner

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Mark King is a Managing Director of applied technologies at Ankura Consulting Group in Washington, DC.  Mr. King has over 22 years of experience in the fields of information technology, business process automation, and data analytics.  Mr. King currently specializes in the use of technology and data assets to address complex business, litigation, and security challenges.  Recent engagements include large scale data analysis, claims processing, and settlement administration activities in the areas of telecommunications, medical device liability, and asbestos bankruptcy trusts.

Since joining the firm in 2003, Mr. King has contributed to many significant legal cases, designs, and business solutions for clients.  He led the design and implementation of a centralized claims processing system that has been used to process and pay 5 million claimants in excess of $12 billion to date.  Mr. King was also instrumental in the development of a new, Ruby-based platform to manage the full life cycle of client matters from investigation through potential payment.  He has also contributed significantly to multiple data analysis projects including issuing notice to potential claimants on a gross scale, developing useful metrics on airline mile-based compensation, and establishing valuation rules processing for large scale disaster events.

As Managing Director, his role is to ensure that our various technology groups are working well together to produce the highest quality results for our clients.  He currently oversees multiple project initiatives for high profile clients and cases.

Prior to joining the firm in 2003, Mr. King worked as a Senior Software Engineer at the Science Applications International Corporation (SAIC) in McLean, VA.  Mr. King was specifically engaged by SAIC to address process and delivery failures encountered during the design and construction of a large software development project for the Federal Bureau of Investigation.

Mr. King worked as a Project Manager for Gedas Mid-Atlantic, an international systems integrator of information technology, from 2002 to 2003.  While at Gedas, Mr. King led the development and implementation of a new corporate data warehouse to consolidate sales and purchasing information for a major US food wholesaler and distributor.

From 1998 through 2002, Mr. King worked as a Technical Project Manager for CrossTier, a leading Microsoft certified consulting firm in Fairfax, VA.  In this role, Mr. King was responsible for the full project life cycle of many custom software solutions.  These solutions included implementation of a customer care portal for a major long distance phone service provider, a web-based management system for world-wide fiber optic cable routing, and a turn-key business-to-business purchasing application for a large network of office supply dealers and wholesalers.

Mr. King received a Bachelor of Sciences in Biological Systems Engineering from Virginia Polytechnic Institute and State University.  He is a Certified Scrum Product Owner specializing in Business, Data, and Information Technologies.

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Gary Wingo

Senior Managing Director

Ankura Consulting Group

1220 19th Street NW, Suite 700, Washington, DC 20036
gary.wingo@ankuraconsulting.com
Main: +1.202.721.0939
Mobile: +1.202.360.0010

Education

MS, Management, Massachusetts Institute of Technology
BS, Engineering, US Military Academy at West Point

Certifications

Certified Fraud Examiner
Certified Professional Engineer
Certified Internal Controls Auditor

Affiliations

Association of Certified Fraud Examiners
American Society of Civil Engineers
National Society of Professional Engineers

Languages

French

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Gary Wingo is a Senior Managing Director at Ankura Consulting Group based in Washington, DC. He has over 30 years of experience in the application of quantitative analysis to business problems, resolutions of mass tort settlements, and other legal matters. Mr. Wingo is the practice leader in the claims audit area and has assisted in the set up and operation of claims settlement facilities internal to Ankura.

Mr. Wingo supervised the design, set up, and operation of the claims facility that resolved over $600 million claims associated with the General Motors ignition switch matter. In this capacity, the claims review involved both engineering and financial expertise. Mr. Wingo also provided support in the development of claims processing protocols and valuation methodologies for claims arising from the BP oil spill.

Mr. Wingo has served as the financial advisor for many large mass tort trusts, as well as provided claims auditing services. He has developed methodologies for forecasting future cash flows of the trusts to ensure equity of treatment to claimants over time. This work involves insurance coverage modeling, as well as the overall balancing of assets and liabilities. The audit practice involves the review of both personal injury exposure information and medical records. The medical portion involves the supervision of physicians – both pulmonologists and pathologists.

Mr. Wingo has testified in an insurance arbitration, trademark case, and before the Virginia State Legislature regarding a tax matter. He has supported numerous legal matters in a support mode, employing advanced analytical techniques and in some cases, geospatial modeling. As a Fraud Examiner, Mr. Wingo has participated in several cases that required tracing and tracking assets in cases involving divorce, mortgage, and massive corporate fraud.

Among his business-related project work, Mr. Wingo developed a market research practice at KPMG Peat Marwick, LLP that involved the design, development, and analysis of research studies for both nonprofit firms and corporations. The practice developed the firm’s first large-scale sales forecasting model for companies within the consumer markets arena. These clients included Mobil Oil Corporation, the Smithsonian Institution, US Postal Service, Carvel Ice Cream, and DuPont.

Over the course of his corporate operating career, Mr. Wingo has been a corporate planner for two major oil companies, an executive in a Fortune 30 distributor, and a president/CIO of an internet technology company.

Mr. Wingo was awarded a Master of Science in Management from the Sloan School of Management at the Massachusetts Institute of Technology. He also received a Bachelor of Science in Mechanical Engineering from the US Military Academy at West Point. He is a member of the Association of Certified Fraud Examiners, American Society of Civil Engineers, and the National Society of Professional Engineers.

ZsoltMacskasi

Zsolt Macskasi

Managing Director

Ankura Consulting Group

1229 19th Street NW, Suite 700, Washington, DC  20036
zsolt.macskasi@ankuraconsulting.com
Main: +1.202.721.0949
Mobile: +1.301.633.4036

Education

PhD, Economics, Northwestern University
MS, Money, Banking, and Finance, Université Pantheon-Assas
MS, Economics, Budapest University of Economics Sciences

Affiliations

American Bar Association

Honors & Awards

Dissertation Year Fellowship, Northwestern University, 2002
Center for the Study of Industrial Organization Fellowship, Northwestern University, 2003

Languages

French
Spanish
Hungarian

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Zsolt Macskasi is a Managing Director at Ankura Consulting Group based in Washington, DC.  Dr. Macskasi has over 15 years of experience in litigation and management consulting.  He has advised clients and supported experts in a wide range of antitrust, mass tort, and product liability matters.  His fields of expertise include industrial organization, applied microeconomics, and econometrics.

Since joining the firm in 2010, Dr. Macskasi has been involved in numerous mass tort and class action litigation cases. Some of the matters he worked on settled for billions of dollars in damages. Dr. Macskasi has also been involved in writing expert reports and conducting analyses in support of various other types of litigation cases.

Prior to joining Ankura, Dr. Macskasi was a Manager and a Senior Economist at Bates White, an economics consulting firm based in Washington, DC. Across a diverse array of industries, he led engagements and conducted analyses in various types of antitrust cases including mergers, monopolization, and price fixing. Dr. Macskasi worked closely with clients from law firms, businesses, and government agencies on these matters.

Prior to that, Dr. Macskasi worked at ABN-Amro Bank, a Dutch bank with large international operations. Dr. Macskasi was an adviser to the Director of Strategic Planning. Among his primary responsibilities was the development of regular interest rate risk reports, used in financial product development and pricing.

Dr. Macskasi started his career as a research assistant at the Hungarian Institute of Economics, where he was involved in various projects concerning labor market conditions and labor market outlook in Hungary.

Dr. Macskasi received a PhD in Economics from Northwestern University, a Master of Science in Money, Finance, and Banking from the Université Pantheon-Assas (Paris, France), and a Master of Science from Budapest University of Economics Sciences (Budapest, Hungary). While working on his doctoral dissertation at Northwestern University, Dr. Macskasi received a “Dissertation Year Fellowship” and a “Center for the Study of Industrial Organization Fellowship”.

JeanMalone

Jean Malone

Managing Director

Ankura Consulting Group

1229 19th Street NW, Suite 700, Washington, DC 20036
jean.malone@ankuraconsulting.com
Main: +1.202.721.0923
Mobile: +1.202.721.0923

Education

PHD, Sociology, State University of New York at Stony Brook
MA, Sociology, State University of New York at Stony Brook
BA, Social Sciences, Adelphi University

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Jean E. Malone is a Managing Director at Ankura Consulting Group based in Washington, DC.  Dr. Malone has more than 25 years of experience in risk assessment and statistical analysis.  She has provided analytic consulting for private, public, and academic entities.

Since joining the firm in 2000, Dr. Malone has been engaged in cases involving mass torts and product liability, class actions and class certifications, commercial litigation and damages, and intellectual property.  For example, she led a team that operationalized an approach to notify and determine fair compensation for millions of consumers eligible for inclusion in a $336 million credit card settlement.  The court described the results of this approach as “a resounding success.”

Dr. Malone has developed numerous models that assess risk.  For example, she developed a decades-long actuarial model that estimated arising of several forms of cancer following exposure to trichloroethylene leakage from a plant in the Midwest.  This model was crucial in the process that resulted in the company emerging from chapter 11 bankruptcy with a trust fund dedicated to paying valid claims to exposed individuals.

Dr. Malone currently leads a team that has advised a $3.2 billion trust on liability since its inception in 2004.  In addition, she has completed numerous forecasts of asbestos-related liability during bankruptcy procedures and continues to counsel the subsequent trusts on historical data sources and claims research methods to assure accurate payment routines.

Prior to joining Ankura, Dr. Malone was a Consultant for PricewaterhouseCoopers’ Survey Research Center.  In this capacity, she advised various clients, including the Insurance Legislators’ Foundation, the Federal Highway Administration, the Internal Revenue Service, and the District of Columbia Office of Personnel.

As an Assistant Professor in Sociology at the University of North Carolina at Greensboro from 1991 to 1998, Dr. Malone taught courses in research methods and data analysis.

Dr. Malone received her Doctorate of Philosophy in Sociology from the State University of New York at Stony Brook.  She was awarded a competitive pre-doctoral and post-doctoral fellowship from the Public Health Service.  The fellowship supported community research, which Dr. Malone undertook in conjunction with the police department and other government agencies in Suffolk County, NY.  Dr. Malone received a Master of Arts in Sociology from the State University of New York at Stony Brook and a Bachelor of Arts in Social Sciences from Adelphi University.

DonaldMartin

Donald Martin

Senior Managing Director

Ankura Consulting Group

 1220 19th Street NW, Suite 700, Washington, DC 20036
donald.martin@ankuraconsulting.com
Main: +1.202.721.0957

Education

PhD, Economics, UCLA
MBA, Economics and Finance, The City University of New York
BS, Business Administration, Boston University

Affiliations

American Economic Association
American Bar Association

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Donald L. Martin, PhD, is a Senior Managing Director at Ankura Consulting Group based in Washington, DC.  He has more than 30 years of experience serving as an economic consultant and testifying expert in antitrust, intellectual property and commercial contract disputes before federal and state courts, the Court of International trade, the U.S. Court of Claims, the International Trade Commission, and in arbitration proceedings.  He has represented clients in presentations to the Staff at the Federal Trade Commission and the Department of Justice and before the European Commission.

Currently Dr. Martin serves as Adjunct Professor of Economics at Washington College.  Prior to joining Ankura, Dr. Martin served as Chairman of CapAnalysis, the economic consulting arm of Howrey LLP, and before that as Executive Vice President of Glassman-Oliver Economic Consultants, Inc.  Dr. Martin was a tenured member of the economics faculties at the University of Virginia and the University of Miami’s Law & Economics Center.

Dr. Martin was earned his Doctorate in Philosophy from the University of California-Los Angeles in 1969.  He received his Masters in Business Administration from the City University of New York in 1964.  He received his Bachelor of Science from Boston University in 1961.  Dr. Martin has been recognized as a “leading competition economist” by Global Competition Review in The International Who’s Who of Competition Lawyers and Economists.

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Mark McGrath

Senior Managing Director

Ankura Consulting Group

30 S. Wacker Drive, 22nd Floor, Chicago, IL 60606
mark.mcgrath@ankuraconsulting.com
Main: +1.312.466.5600
Mobile: +1.202.251.3275

Education

BS, Accounting, University of Maryland at College Park

Certifications

Certified Public Accountant
Certified Fraud Examiner
Certified in Financial Forensics

Affiliations

American Institute of Certified Public Accountants
Association of Certified Fraud Examiners

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Mark McGrath is a Senior Managing Director at Ankura Consulting Group and is based in Chicago. Mr. McGrath has more than eighteen years of broad based accounting, auditing, investigative and internal controls experience. In addition to extensive consulting expertise, Mr. McGrath’s background includes work as an auditor at international accounting firms as well as internal audit experience at a Fortune 300 company.  Mr. McGrath focuses his consulting practice on internal and forensic accounting investigations, SEC enforcement proceedings, revenue recognition issues, Foreign Corrupt Practices Act (FCPA) and anti-corruption reviews, litigation support, auditor malpractice, technical accounting and auditing issues, assessing compliance with regulatory control standards, and internal control remediation. He has worked with outside counsel in representing boards and audit committees in a number of complex, fact-finding accounting investigations involving whistleblower allegations, and SEC enforcement and reporting issues. Mr. McGrath also provides forensic accounting and investigative support in the context of business disputes.

Mr. McGrath’s professional experience includes:

  • Bernard L. Madoff Investment Securities – Served as a core member of the global consulting team providing investigative and litigation support to the Trustee and his legal counsel. Worked closely with counsel and led teams of consultants performing forensic investigation, data analysis, and litigation consulting regarding the Ponzi scheme.
  • Whistleblower Matter – Assisted outside counsel for the Audit Committee of the Board of Directors to investigate allegations of employee misconduct and fraud surrounding the calculation of allowance for loan and lease losses (ALLL) at a large regional banking corporation.  Conducted employee interviews; examined key processes, models and methodologies surrounding the ALLL process and related internal controls; interfaced with the company’s auditors; routinely updated the audit committee regarding the results of investigative procedures; and assisted counsel to identify necessary remedial controls and actions.
  • Audit Committee Investigation – Assisted outside counsel for the Audit Committee of the Board of Directors to investigate whistleblower allegations that revenue was improperly recorded in violation of GAAP at a leading veterinary pharmaceutical manufacturer. Examined client financial reporting practices and internal communications to identify ways employees managed earnings, including channel stuffing sales to accelerate revenue recognition, recording revenue on sham transactions, improper recognition of revenue associated with consignment sales and deferring expenses by manipulating reserves and accruals.
  • Medical Device Company FCPA Assessment – Assisted outside counsel in an independent review of FCPA compliance at a large public medical device company.  Traveled internationally to perform transactional testing and interview employees across Europe and Asia to assess the level of compliance with the FCPA’s Books and Records and Internal Control Provisions.  Memorialized and communicated findings to counsel.
  • FCPA Investigation – Investigated whistleblower allegations of inappropriate business practices and suspected violations of the FCPA by foreign operating division of a major U.S. diversified technology company. Led initial response team on the ground in Asia to conduct custodial and business process interviews to gain an understanding of system infrastructure, accounting, reporting and recordkeeping practices, and assessed whether allegations were supported in the subsidiary’s recordkeeping.
  • Anti-Corruption Consultation for Multinational Private Equity Firm – Led team engaged by outside counsel on behalf of a large multinational private equity firm with real estate investments in Europe to provide privileged consultation and analysis regarding alleged self-dealings and bribes paid by a third party property management service provider to government officials.  Assessed the provider’s accounting staff, books and recordkeeping practices and accounting systems for evidence regarding specific allegations or other suspicious payments.  Presented results to outside counsel which informed private equity firms investment decisions.
  • Rogue Trader Investigation – Retained by counsel to review the facts and circumstances surrounding allegations of rogue trading stemming from an unexpected margin call at a leading national marketer and logistics company for petroleum products.  Led team tasked to independently determine the facts surrounding the implementation of a new hedging program, confirm the associated P&L exposures, and identify employees involved or aware of the rogue trading activities.
  • Defense of Trustee Bank Stemming from Collapse of Ponzi Scheme – Assisted outside counsel in defense of a large bank against claims brought by a special deputy receiver and state guaranty associations to recover damages approximating $600 million related to the bank’s role as trustee over prearranged funeral assets that were misappropriated by funeral company personnel in the largest Ponzi scheme in Missouri history.  Results of work aided outside counsel and bank to negotiate favorable settlement.
  • Chinese Reverse Merger GAAS and GAAP Deficiencies – Advised counsel for leading investment management firm regarding GAAS and GAAP deficiencies at an investee company that accessed the U.S. public markets via Chinese reverse merger.  Examined financial statements, public domain and applicable authoritative accounting and auditing requirements to identify potential deficiencies and areas to focus litigation.  Findings contributed to favorable multimillion dollar settlement with audit firm of investee company.
  • Forensic Accounting Surrounding Asset Transfers – Engaged by outside counsel representing a leading provider of innovative medical devices to perform forensic accounting procedures surrounding transfers of assets to foreign jurisdictions made to avoid U.S. judgements through the use of undocumented transfer pricing methods and other accounting anomalies. Large judgement made in favor of client with appeal denied by the U.S. Supreme Court.
  • Securities Fraud Defense – Assisted counsel in defense of large hedge fund and its principals against claims of securities fraud and defamation brought by large internet retailer.  Examined whether retailer’s change in revenue reporting method was appropriate under GAAP. At the close of fact discovery, the case settled for the cost of the remaining defense.
  • Consumer Financial Protection Bureau (CFPB) Readiness Consulting – Engaged by leading retail mortgage lender to assist with various regulatory matters including preparation for initial examination by the CFPB. Supervised team that helped to establish an enterprise-wide risk management (ERM) framework, implement risk control self-assessments throughout the business, evaluate the design and operating effectiveness of key internal controls, prepare written procedure and findings reports and help the company transition towards an in-house internal audit function.
  • Internal Control Review for Leading Institutional Investment Manager – Engaged by one of the world’s largest institutional investment managers to perform an operational, ERM and internal control review of third party asset management and mortgage servicing partners to provide additional clarity and comfort to management in response to certain concerns.
  • Minnesota Sports Facilities Authority (MSFA) Due Diligence – Assisted outside counsel for the MSFA with investigative and financial due diligence related to a civil judgement involving the Wilf family and its potential impact on their financial contribution to the new Minnesota Vikings stadium.  Applied various analytical and substantive procedures and reported results to counsel and members of the MSFA.
  • Assist in Defense of President and COO Charged with Fraud – Advised counsel regarding the appropriateness of financial reporting surrounding revenue recognition and sales returns in defense of fraud charges against the president and chief operating officer of a leading sportswear company.
  • Audit Partner Defense – Advised counsel regarding the appropriateness of revenue recognition associated with bill-and-hold sales and auditor compliance with GAAS in defense of an improper professional conduct charge against a Big Four audit partner.
  • BSA/AML Compliance – Engaged by regional branch of a leading international bank in response to a Matter Requiring Immediate Attention (MRIA) issued by the Federal Reserve Bank regarding the bank’s risk assessment methodology pertaining to the BSA/AML and OFAC Compliance Program. Supervised team that reviewed the risk assessment methodology and identified process, procedure and internal control enhancements and modifications to strengthen compliance with federal regulatory standards.

Mr. McGrath received his Bachelor of Science in Accounting from the University of Maryland, College Park. He is a Certified Public Accountant in the state of Virginia as well as a Certified Fraud Examiner and Certified in Financial Forensics. Mr. McGrath is a member of the American Institute of Certified Public Accountants and Association of Certified Fraud Examiners.

 

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Anthony Milazzo

Senior Managing Director

Ankura Consulting Group

750 Third Avenue, 28th Floor, New York, NY 10017
anthony.milazzo@ankuraconsulting.com
Main: +1.212.818.1555
Mobile: +1.917.446.5400

Education

BS, Accounting, Fordham University

Certifications

Certified Public Accountant
Certified Fraud Examiner

Affiliations

American Institute of Certified Public Accountants
Association of Certified Fraud Examiners

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Anthony Milazzo is a Senior Managing Director at Ankura Consulting Group and is based in New York. Mr. Milazzo has extensive experience in auditing, corporate finance and forensic accounting. He is responsible for leading forensic accounting engagements including internal investigations, disputes and general accounting advisory matters.

Mr. Milazzo joined Ankura in May 2016 with over 22 years of accounting experience. Mr. Milazzo has focused on forensic accounting for the past 13 years with FTI Consulting and KPMG’s Forensic Dispute Advisory Services practice, where he was a Senior Managing Director.

Mr. Milazzo has experience leading forensic accounting investigations including some well publicized Ponzi scheme matters. Responsibilities included unraveling complex accounting transactions, advising legal counsel and presenting findings to various third parties including the Securities and Exchange Commission (“SEC”) and law enforcement. Mr. Milazzo provides forensic accounting litigation support including accounting research, expert reports, testimony and advisory services to counsel. Mr. Milazzo also provides technical accounting advice on a variety of Generally Accepted Accounting Principles (“GAAP”), Generally Accepted Auditing Standards (“GAAS”), and SEC matters including taking the lead on SEC filing restatement projects, drafting technical accounting white-papers and coordination with management, directors, audit firms, counsel and government authorities.

Prior to his forensic accounting experience, Mr. Milazzo worked in private industry and served as the Corporate Controller of a software company that created applications for the commercial real estate market and as the CFO of a start-up dot-com. In both private industry roles, he was responsible for coordinating all financial aspects of the organization, including financing coordination and financial reporting. Prior to that, Mr. Milazzo worked for KPMG in their Assurance practice and managed financial statement audits, SEC filing engagements (including three completed public offerings) and other special project engagements for a wide range of clients varying in industry and size.

Investigations — Mr. Milazzo has experience leading forensic accounting investigations. Responsibilities included unraveling complex accounting transactions and advising audit committee members and legal counsel as well as presenting findings to various third parties including the SEC and law enforcement.  Some examples of this experience include:

  •  Led a team of professionals and forensic accountants in connection with the Michael Kenwood Receivership. Led all aspects of the investigation including various analyses related to the complex web of cash flows necessary to determine the entities involved in the commingled scheme and for clawback litigation purposes. Coordinated findings with counsel, the SEC, U.S. Attorneys and other government authorities.
  • Led certain investigation work in connection the court-appointed trustee under SIPA in the liquidation of Bernard L. Madoff Investment Securities. Investigated the commingling of funds between the broker/dealer business and an investment advisory business that was the primary vehicle used to orchestrate the Ponzi scheme. Coordinated findings with counsel, the SEC and other government authorities.
  • Led investigation in connection with a Receivership of an ATM company. Led the forensic accounting analysis work, assisted with the drafting of a report issued by the Receiver and coordinated efforts with government authorities.
  • Led an investigation related to an SEC enforcement action of a publicly traded electronics distributor. The issues primarily related to the interaction between the distributor and one if its suppliers which had previously admitted to accounting irregularities including channel stuffing and other right of return issues.  Communicated all findings to the audit committee of the distributor, counsel and the SEC.
  • Investigated a private equity partner’s involvement in a significant asset misappropriation matter including detailed review and analysis of numerous portfolio company investment transactions and follow up proposal of internal control recommendations.

Disputes — Mr. Milazzo provides litigation support in cases with accounting disputes. Responsibilities included accounting research, expert report drafting, and advisory services to counsel. Some examples of this experience include:

  • Issued an expert report and was deposed related to an asset forfeiture case brought by the DOJ alleging that certain funds were received in connection with a Russian tax scheme.
  • Testified in a criminal matter related to a previous channel stuffing investigation and was deposed in a related SEC matter. Worked closely with assistant U.S. Attorneys in assembly of voluminous trial exhibits/support and in trial preparation.
  • Managed an accounting malpractice litigation matter in defense of a top tier public accounting firm related to its audit of a publicly traded telecommunications company including taking the lead on key technical accounting issues including revenue recognition of certain complex transactions.
  • Managed a litigation matter on behalf of a large financial institution related to services it provided to Worldcom including taking the lead on all significant accounting issues including expense capitalization and revenue recognition allegations and was instrumental in report drafting and deposition preparation.
  • Managed the arbitration process for a division of a global conglomerate that was involved in an acquisition purchase price dispute including taking the lead on the largest dispute items that involved inventory valuation.

Accounting Advisory — Mr. Milazzo provides technical accounting advice on a variety of GAAP, GAAS, and SEC matters. Some examples of this experience include:

  • Provided GAAP and GAAS guidance related to a bankruptcy matter expert report that required nuanced research into intercompany transactions in the context of stand-alone financial statements.
  • Provided accounting guidance in connection with a litigation matter against a large hospital and healthcare provider including taking the lead on research and analysis related to charity, indigent and uncompensated care accounts receivable issues.
  • Advised clients of a hedge fund that was being liquidated as the result of a fraud. Analyzed the Receiver’s findings, coordinated document discovery with the Receiver and collaborated with counsel on matters of equitable distribution. Coordinated all efforts including complex model calculations and the issuance of a report attached to counsel’s formal distribution proposal.
  • Provided guidance to a publicly traded pharmaceutical company related to SEC filing restatements including taking responsibility for drafting restated filings and responding to SEC inquiries. Drafted white-papers on technical accounting issues, worked with management and external auditors on restatement analyses, and took on special projects with Sarbanes-Oxley implications.
  • Drafted an accounting white-paper related to the revenue recognition practices of a publicly traded pharmaceutical company. Worked closely with Company management to develop a sell-through model that worked effectively with reports received from third parties. Presented and explained the components of the model to the audit firm of the Company.

Mr. Milazzo received a Bachelor of Science in Accounting from Fordham University. He is a Certified Public Accountant in New York and a Certified Fraud Examiner. Mr. Milazzo is a member of the American Institute of Certified Public Accountants and the Association of Certified Fraud Examiners. He also serves as a Board Member, Treasurer and Finance Committee Chair of a non-profit organization.

AndrasMolnar

Andras Molnar

Managing Director

Ankura Consulting Group

1220 19th Street NW, Suite 700, Washington, DC 20036
andras.molnar@ankuraconsulting.com
Main: +1.202.721.0959
Mobile: +1.202.360.9716

Education

MD, University of Szeged, Medical Sciences Center

Certifications

Educational Commission for Foreign Medical Graduates Certification
Certified Fraud Examiner

Affiliations

Association of Certified Fraud Examiners

Honors & Awards

Scholarship of the Republic of Hungary, 2003–2005
Scholarship for Prominent Medical Students, 2002–2003

Languages

Hungarian

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Andras Molnar is a Managing Director at Ankura Consulting Group based in Washington, DC. Dr. Molnar has ten years of experience in compliance, auditing, valuations, financial modeling and project management. He graduated from the University of Szeged, Medical Sciences Center in 2005 with an MD degree. Dr. Molnar holds Educational Commission for Foreign Medical Graduates (ECFMG) and Certified Fraud Examiner (CFE) certifications.

Dr. Molnar currently directs the operation of the Ankura Audit Team. Since 2013, he has supervised 10 auditors, two managers and three expert physicians. Dr. Molnar manages compliance and claims processing audits for major asbestos trust clients with over $10 billion in overall assets and also formulates policy recommendations, including policies related to the review and assessment of medical evidence in support of personal injury claims. In addition to auditing, he directs the financial modeling and valuations team. Dr. Molnar supervises periodic actuarial and cash flow reporting and assists trust clients with risk management and decision making.

During 2014 and 2015, Dr. Molnar supervised the claim valuation team for the GM Ignition Switch Compensation Facility. The Facility valued and paid close to $600 million to claimants. He designed and created the long term care valuation model and reviewed claimant’s medical documentation to assist with proper injury categorization and assessment of injury severity.

From 2011 to 2012, Dr. Molnar researched and analyzed foreign asbestos injury compensation systems, identified potential clients, performed market research and prepared marketing presentations. He provided his medical expertise in writing proposals for projects involving pharmaceutical products and medical devices litigation. In addition, he assisted in writing white papers for publication.

Between 2010 and 2013, Dr. Molnar supervised and trained the ARPC Audit Team while he oversaw project workflow. He conducted internal claims processing audits of major asbestos claims processing facilities. Dr. Molnar assessed review decisions, formulated policy recommendations, communicated with and advised audit clients. He took instrumental part in setting up the External Audit function for ARPC’s major trust clients.

Between 2009 and 2011, Dr. Molnar performed financial modeling. He developed and conducted periodical actuarial reporting. He programmed cash flow models in MS Excel for asbestos trust clients. Dr. Molnar prepared scenario analyses, present value calculations and performed risk analysis using Crystal Ball software. He also prepared insurance recovery forecasts for asbestos trust clients.

From 2008 to 2012, Dr. Molnar evaluated and categorized injury allegations for toxic environmental pollution and pharmaceutical cases including the WTC First Responder’s Fund, BP Deepwater Horizon Oil Spill Facility and Anadarko Petroleum. He designed and built compensation algorithms based on exposure and disease severity using generally accepted compensation principles. He participated in estimating overall liability as well.

During 2007 and 2010, Dr. Molnar conducted internal claims processing audits of major facilities processing asbestos personal injury claims. He also participated in formulating policy recommendations for claims processing facilities.

Dr. Molnar received his Medical Degree with Summa cum Laude from the University of Szeged, Medical Sciences Center in 2005. He passed the US Medical Licensing Examination and became Educational Commission for Foreign Medical Graduates Certified in 2006. Dr. Molnar became a Certified Fraud Examiner in 2016.

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Andrew Oh

Managing Director

Ankura Consulting Group

1220 19th Street, NW, Suite 700, Washington, DC 20036
andrew.oh@ankuraconsulting.com
Main: +1.202.721.0933
Mobile: +1.571.277.1717

Education

MA, Demography, Georgetown University
BS, Architecture, University of Virginia
BA, Sociology, University of Virginia

Languages

Korean (conversational)

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Andrew D. Oh is a Managing Director at Ankura Consulting Group based in Washington, DC.  Mr. Oh has almost 20 years of experience in operations management specializing in settlement administration, data analytics, and complex litigation support.

Since joining the firm in 2003, Mr. Oh has managed numerous trust distribution and litigation support matters.  He has over 13 years of experience in all aspects of the personal injury claims process.  He has managed large-scale document review projects in support of damages estimation involving asbestos defendants, a major environmental shareholder action, and a multibillion dollar environmental settlement.  Most recently, Mr. Oh managed the eligibility review and reporting functions for the GM ignition switch recall settlement fund.

Mr. Oh has additional experience in auditing, data analytics, quality control, and process improvement.

Mr. Oh holds a Master of Arts in Demography from Georgetown University, where he was both a department fellow and an Annie E. Casey Fellow.  He earned a Bachelor of Science in Architecture and Bachelor of Arts in Sociology from the University of Virginia.

JuliSaitz

Juli Saitz

Senior Managing Director

Ankura Consulting Group

750 Third Avenue, 28th Floor, New York, NY 10017
juli.saitz@ankuraconsulting.com
Main: +1.646.291.8571
Mobile: +1.917.535.9920

Education

BS, Accounting, New York University

Certifications

Certified Public Accountant
Certified in Financial Forensics
Accredited in Business Valuation

Affiliations

American Institute of Certified Public Accountants
New York State Society of Certified Public Accountants
Textbook and Academic Authors Association
The Authors Guild
Licensing Executives Society

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Ms. Saitz is a Senior Managing Director at Ankura Consulting Group and is based in New York, NY.  She has over eighteen years of experience in providing forensic accounting and financial and economic analysis to attorneys in litigation.  Ms. Saitz specializes in commercial disputes matters and has significant experience providing financial consulting services relating to financial analysis and damage analysis in a variety of industries including financial services, consumer products, manufacturing and entertainment.  She has performed financial analyses relating to profit calculations, additional cost claims, incremental profit analysis, licensing and royalty determinations, manufacturing and marketing capacity, fixed and variable cost analysis, allocation of costs, evaluation of forecasts and projections and product line profitability.

Ms. Saitz has a deep bench of experience relating to general commercial disputes and intellectual property issues and damages.  She has extensive experience serving clients that include: corporate entities as intellectual property owners and licensees, artists, designers and authors.  Ms. Saitz has served as a damages expert in matters involving patent, trademark, copyright and royalty disputes.

In addition to her role as a damages expert and assisting in forensic investigations, Ms. Saitz leads the contract and royalty compliance practice at Ankura.  She has extensive experience serving clients ranging from individual authors to multi-national corporation licensors.  Her work in this area includes developing and implementing royalty compliance programs and performing audits of licensees around the world.  She has helped a wide range of clients recover millions of dollars in asserting their audit rights related to licensed copyrights, trademarks and patents.  She works with clients to navigate the shift in the publishing industry to electronic content delivery methods and adaptive learning platforms in education.

Prior to joining Ankura Consulting in 2015, Ms. Saitz was a Managing Director at FTI Consulting.  While at FTI, Ms. Saitz developed and implemented a global royalty compliance program for a Fortune 100 Company to monitor and protect its trademark and patent royalty streams.  In post–merger scenarios, she assisted buyers, sellers and neutral arbitrators in working capital disputes.  Ms. Saitz served as the testifying expert on a number of matters including claims related to trademark infringement, patent infringement, false advertising and breach of contract.

Ms. Saitz joined KPMG in 2001 and worked on wide variety of projects prior to its acquisition by FTI Consulting in 2003.  Ms. Saitz provided economic analysis for one of the country’s largest police unions in an important contract negotiation.  She led a large team in connection with a wide–spread document retrieval exercise as part of a broad discovery request.  In addition, Ms. Saitz worked on a number of patent infringement cases in a variety of industries in support of nationally recognized experts.

From 2000–2001, Ms. Saitz worked in Silicon Valley as a Senior General Ledger accountant for the startup, GetThere.com.  In addition to her regular general ledger responsibilities, Ms. Saitz, developed the company’s revenue recognition policies and procedures and implemented a program for managing and depreciating the Company’s fixed assets.  GetThere.com was acquired by The Sabre Group.

Ms. Saitz began her career at PricewaterhouseCoopers (PwC) in the Financial Advisory Services Practice in New York in 1997.  As an Associate and Senior Consultant at PwC, she assisted on a variety of matters, including working as part of a court appointed neutral accounting team in a highly publicized divorce case, class action settlement administrations, large scale accounting investigations and full-scope financial statement audits.

Ms. Saitz has a Bachelor of Science degree in accounting from New York University.  She is a Certified Public Accountant (CPA) and is Certified in Financial Forensics (CFF) and Accredited in Business Valuation (ABV) by the American Institute of CPAs (AICPA).  Ms. Saitz is an active member of the Textbook and Academic Authors Association.  She also belongs to Licensing Executive Society, The American Institute of Certified Public Accountants, The New York Society of Certified Public Accountants and The Authors Guild.

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Chad Paulin

Managing Director

Ankura Consulting Group

1180 West Peachtree Street, Suite 2225, Atlanta, GA 30309
chad.paulin@ankuraconsulting.com
Main: +1.678.412.4224
Mobile: +1.404.539.4755

Education

BFA, University of Georgia

Affiliations

Association of Medical Illustrators
Guild of Natural Science Illustrators

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Chad Paulin is a Managing Director at Ankura Consulting Group and is based in Atlanta, Georgia.  As a member of the visual communications team, Mr. Paulin is experienced in translating complex themes and data rich issues into persuasive visualizations.  With over 15 years of experience working for corporate clients and legal firms, Mr. Paulin’s diverse skill set covers code based data visualization, traditional and 3D illustration, animation, interactive multimedia, software development and the use of cutting-edge technology in presentation settings.

Since joining the firm 2015, Mr. Paulin has been involved in numerous cases including a decisive defense verdict for a pharmaceutical company in a mass tort litigation.  Mr. Paulin has also worked for contract dispute matters and multiple FINRA arbitrations.

Prior to joining Ankura, Mr. Paulin was a Managing Director at FTI Consulting where he utilized research based techniques for developing persuasive visuals with high audience retention rates.  Mr. Paulin has assisted litigation clients in achieving success across a broad variety of matters.  He has experience with arbitrations, mediations and legal proceedings in state and federal court.  This experience covers the areas of antitrust, breach of contract, environmental issues, medical malpractice, pharmaceutical product liability, toxic tort and insurance.

Mr. Paulin has specialized expertise in the management of mass tort serial litigation, particularly in defense of serious personal injury and product liability cases, including cases involving pharmaceuticals and medical devices.  Mr. Paulin has managed multiple, large-scale matters.  He has extensive experience working directly with the top experts in the scientific and medical communities.  He has also handled breach of contract serial litigation in the insurance and financial industries.

During the course of his career, Mr. Paulin has been deeply involved in the development of proprietary tools that revolutionize the visual communications and litigation presentation industries.  Mr. Paulin has led development teams for proprietary visualization technology and currently has a patent pending as the sole inventor on a unique data visualization platform.  He has created custom solutions to increase the speed and efficiency of industry-standard offerings and has developed tools that bridge proprietary offerings with industry standard presentation platforms.  At FTI, Mr. Paulin was a member of the development team for an industry leading courtroom presentation software platform.  In this role, Mr. Paulin guided the redesign of aging architecture into modern frameworks, acted as a technical liaison between users and developers and managed the team’s deliverable deadlines.

As a scientific and medical illustrator, Mr. Paulin has created industry-leading animations for complex scientific processes such as the development of the human heart, pathophysiology of osteoporosis, atherosclerosis, and the mechanism of neurotransmission.  Mr. Paulin’s illustrations have been published in medical and veterinary surgical guides.

Mr. Paulin received a Bachelor of Fine Arts in Scientific Illustration from the University of Georgia.  In 2015, Mr. Paulin received the Relentless Innovation Award at FTI Consulting for his work on custom visualization tools.  Mr. Paulin has maintained memberships with the Association of Medical Illustrators, the Guild of Natural Science Illustrators and the American Society of Composers Authors and Publishers.

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Elias Psyllos

Managing Director

Ankura Consulting Group

750 Third Avenue, 28th Floor, New York, NY 10017
elias.psyllos@ankuraconsulting.com
Main: +1.212.818.1555
Mobile: +1.201.286.4978

Education

BS, Business Administration, Finance, Seton Hall University

Certifications

AccessData Certified Examiner
Certified Incident Handler
Certified Hacking Forensic Investigator

Languages

Greek

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Elias Psyllos is a Managing Director at Ankura Consulting Group and is based in New York, NY. Mr. Psyllos has worked on a variety of forensic and litigation consulting engagements including corporate internal investigations, eDiscovery related matters, preservation of electronic date, computer forensics investigations, and mobile forensic investigations. He has over 10 years of experience in professional services, strategy, and project management; the core of his professional service experience has been in the area of eDiscovery and Computer Forensics.

Mr. Psyllos has experience leading digital forensic investigations. Responsibilities included managing and conducting the entire forensic engagement, to include the collection, preservation, and examination of digital evidence on computers, mobile devices, tablets, externals hard drives, thumb drives, etc.

Some examples of his investigative experience include:

  • Led a team of Forensic Investigators in conducting forensic collections, preservations, examinations and reporting of digital evidence for Fortune 500 corporations, law firms, financial institutions, hedge funds, healthcare, pharmaceutical, and non-profits.
  • Led certain digital preservation efforts for clients in connection with SEC subpoenas to produce forensic copies of the company’s data. Worked with General Counsel, external Counsel, and IT Administrator to identify relevant custodian’s data sources and develop the most efficient plan of execution.
  • U.S. Postal Inspection Service. Conducted analysis and provided the findings to the Postal Inspectors, Attorneys and other agencies that might have been involved.

Mr. Psyllos also provides litigation support in cases with eDiscovery and Computer Forensic requests. Responsibilities included the identification, preservation and collection of digital data, management of processing and hosting for review purposes, forensic analysis, and advisory services to clients on the forensically sound process and procedures regarding digital data collection efforts.

Mr. Psyllos’ litigation and dispute experience includes:

  • Served as a liaison between Legal and IT in order to facilitate activities for implementing strategies around data collection efforts. Created and implemented policies and procedures that align with best industry practices to ensure clients followed forensically sound methodologies.
  • Testified in a federal matter related to a child exploitation digital investigation. Worked closely with assistant U.S. Attorneys and Postal Inspectors in assembly of digital findings for trial exhibits/support and in trial preparation.
  • Managed data assessments on various data source types in order to gain an overview of the data and assess best course of action for the client. Provided information to counsel in order to determine which specific data might be relevant for eDiscovery processing and hosting.
  • Assisted a large Pharmaceutical client in managing the preservation and collection of all paper and electronically stored information (ESI) identified as part of litigation and non-litigation related discovery.
  • Created and executed the process for forensically preserving all relevant client and employee data for a Financial and Operational Advisory firm in regards to archival and legal purposes throughout the companies “wind down” period.

Mr. Psyllos received a Bachelor of Science in Business Administration with a concentration in Finance from Seton Hall University of South Orange, New Jersey.

 

BethRubin

Beth Rubin

Managing Director

Ankura Consulting Group

750 Third Avenue, 28th Floor, New York, NY 10017
beth.rubin@ankuraconsulting.com
Main: +1.646.291.8572
Mobile: +1.917.805.3929

Education

BS, Business Administration, Registered Accounting Program with concentration in Finance, State University of New York at Buffalo

Certifications

Certified Public Accountant

Affiliations

American Institute of Certified Public Accountants
New York State Society of Certified Public Accountants
Licensing Executives Society
Text and Academic Authors Association
New York City Bar Association Patents Committee 2016-2017

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Beth Rubin is Managing Director at Ankura Consulting Group and is based in New York. Ms. Rubin has more than fourteen years of experience in assisting clients with complex damages, accounting and financial matters. Her responsibilities include managing all aspects of engagements, including assisting with discovery, conducting fieldwork, reporting, and deposition and trial preparation of witnesses.

Ms. Rubin provides litigation advisory services and specializes in calculating damages relating to general contract disputes, patent infringement, trademark infringement, theft of trade secrets and false advertising disputes. She has assisted both plaintiffs and defendants in calculating economic damages relating to lost sales, lost profits, price erosion, reasonable royalty and unjust enrichment.

In calculating economic damages Ms. Rubin has performed financial analyses relating to profit calculations, manufacturing and marketing capacity, fixed and variable cost analysis, allocation of costs, licensing and royalty determinations, evaluation of forecasts and projections, product line profitability, and prejudgment interest.

Ms. Rubin also has experience relating to purchase price disputes, royalty audits, valuations, and accounting and financial reporting.

Select Commercial Damages / Intellectual Property Experience

  • Calculated lost profits in various misappropriation of trade secret, patent infringement, trademark infringement, false advertising, breach of contract and tortious interference matters involving the pharmaceutical, medical technology, retail and apparel, hospitality, manufacturing, telecommunication, consumer products, chemical and software industries, among others. Determined lost units, lost revenue and incremental expenses.
  • In at least twenty patent infringement matters, determined the amount of reasonable royalty damages relating to the alleged infringement of various patents relating to medical technology and pharmaceutical drugs, telecommunications, software and hardware, financial / banking and avionics. Analyses focused on potential design around costs, comparable licenses, the Georgia-Pacific factors, market acceptance, and profitability.
  • Calculated defendants’ profits and plaintiffs’ recovery of costs in trademark infringement and tortious interference matters involving the hospitality, consumer products and retail and apparel industries.

Select Dispute Advisory Services Experience

  • In various purchase price disputes assisted Buyers, Sellers and/or Neutral Arbitrator in the determination of the closing Balance Sheet, Working Capital and/or Statement of Indebtedness. Determined whether certain proposed accounting claims were in compliance with GAAP and whether the claims had an effect on the overall business value and related agreed upon purchase price.
  • Evaluated claims relating to Sellers’ alleged accounting misrepresentations relating to the sale of the business. Reviewed and analyzed financial statements and supporting financial documents, press releases, GAAP literature and/or “deal-room” documents to determine whether there was any improper accounting, auditing and/or disclosure issues and financial statement misrepresentations made at the time of sale/acquisition.
  • On behalf of several textbook authors, assisted with the review and analysis of royalty payments made by various publishing companies.
  • Performed financial due-diligence on several companies on behalf of a global investment management firm.

Select Investigative Services Experience

  • Performed a forensic accounting investigation to determine a submarine cable manufacturer’s compliance with the Foreign Corrupt Practices Act (FCPA).
  • Assisted in an independent accounting investigation of a construction equipment manufacturer pursuant to a formal inquiry by the SEC into related accounting practices.
  • Investigated whistle blower allegations that revenue was inflated at a major healthcare advertising company and reported findings to management.

Ms. Rubin received a Bachelor of Science in Business Administration, Registered Accounting Program, with a concentration in Finance from the State University of New York at Buffalo. She is a Certified Public Accountant in New York, and a member of the American Institute of Certified Public Accountants, the New York State Society of Certified Public Accountants, the Licensing Executives Society and the Text and Academic Authors Association.

 

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Timothy G. Raab

Senior Managing Director

Ankura Consulting Group

1220 19th Street, NW STE 700, Washington, DC 20036
tim.raab@ankuraconsulting.com
Main: +1.202.721.0947
Mobile: +1.202.258.1094

Education

MS, Taxation, American University
MBA, Marymount University
BBA, Loyola College, Baltimore, MD

Certifications

Certified Public Accountant

Affiliations

American Institute of Certified Public Accountants
Virginia Society of Certified Public Accountants

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Timothy G. Raab is a Senior Managing Director at Ankura Consulting Group based in Washington, DC. He has more than 16 years of experience as a tax and financial accounting professional. At Ankura, Mr. Raab focuses on providing outsourced CFO services to several special-purpose corporations and has significant experience developing and launching financial reporting systems, evaluating uncertain tax positions, preparing tax provisions, monitoring and interpreting changes in relevant tax law, budgeting, preparing clients for financial statement audits, establishing compliance and internal control environments, managing treasury functions, and monitoring investments and investment managers.

Mr. Raab also has experience providing expert witness services to attorneys and businesses involved in complex tax and financial related litigation. He was recently retained as an expert financial advisor tasked with rendering an opinion on the solvency of a government contracting business and preparing an analysis of transactions relevant to potential preference and fraudulent transfer actions. In addition, Mr. Raab was retained to analyze the tax consequences of a large business combination within the mortgage-backed securities industry and prepare a report on tax-free reorganizations and the utilization of deferred tax assets in the context of an acquisition.

Before joining Ankura Consulting Group, Mr. Raab worked at BEA Systems (acquired by Oracle) as a Finance Manager in the Federal Sector responsible for ensuring that all software sales were executed in accordance with revenue recognition principles. He built macro based models to evaluate the profitability of pricing structures involving the combination of license sales, professional services, and maintenance. He also worked closely with counsel drafting software maintenance and professional services contracts, supported the sales team with pricing options, and reported directly to the executive staff regarding sales projections.

Prior to BEA Systems, Mr. Raab worked at Computer Sciences Corporation (“CSC”) as a technical consultant supporting several contracts with the Department of Education. He was primarily responsible for building complex macro based financial model to assist the department with measuring performance. Before that Mr. Raab was an accountant in CSC’s Federal Sector Group responsible for handling AP and AR functions, monthly closing entries, preparing fixed asset and depreciation schedules, preparing quarterly tax provisions, and building macro based models to automate the calculation and reporting of certain financial performance metrics.

ChasePerry

Chase Perry

Senior Managing Director

Ankura Consulting Group

16000 Dallas Pkwy., Suite 100, Dallas, TX 75248
chase.perry@ankuraconsulting.com
Main: +1.214.200.3680
Mobile: +1.469.231.1670

Education

MBA, Southern Methodist University
JD, University of Texas School of Law
BA, University of Texas at Austin

Certifications

Certified Licensing Professional

Affiliations

Dallas Bar Association
Licensing Executives Society
State Bar of Texas
Texas Bar Foundation

Languages

French (novice reading and speaking)

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Chase A. Perry is a Senior Managing Director at Ankura Consulting Group based in Dallas, TX. He has over 18 years of experience providing financial and economic analysis in disputes and intellectual property monetization programs. Mr. Perry is a member of the disputes and litigation practice group. His unique skillset encompasses the entire IP value lifecycle, from both a financial and legal perspective.

Prior to joining Ankura, Mr. Perry was the Managing Member of CAP4 Consulting, a Managing Director at FTI Consulting, a Manager at KPMG, and a Senior Consultant at Ernst & Young – all in dispute/litigation advisory practices. His clients have included many leading platinum and boutique law firms, as well as many of the top companies in the world.

Mr. Perry is a trusted advisor and expert in the analysis of damages in disputes. He has provided financial and economic analysis in a variety of cases including patent infringement, breach of/tortious interference with contract, copyright and trademark infringement, trade secrets misappropriation, healthcare regulation, and unclaimed property. Mr. Perry’s expertise includes the evaluation of lost profits, reasonable royalty, unjust enrichment, and diminution in market value theories, among others. He also provides assistance to clients pursuing intellectual property monetization programs.

Mr. Perry has participated in engagements involving the following industries:

  • Banking/Finance
  • Computer Equipment
  • Consumer Products
  • Cosmetics/Cosmeceuticals
  • e-Commerce
  • Fashion/Apparel
  • Health Care
  • Industrial Equipment/Products
  • Manufacturing
  • Pharmaceuticals
  • Recording and Publishing
  • Satellite Equipment
  • Semiconductors
  • Software
  • Sporting Goods
  • Technology
  • Telecommunications/Networks
  • Video Games

Mr. Perry has also published and taught regarding the subject matter of intellectual property damages, financial statement analysis, and the use of expert witnesses.

Mr. Perry received a Masters in Business Administration from the Southern Methodist University’s Cox School of Business, a Juris Doctorate from The University of Texas School of Law, and a Bachelor of Arts from The University of Texas at Austin.

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Martin Wilczynski

Senior Managing Director

Ankura Consulting Group

1220 19th Street NW, Suite 700, Washington DC 20036
martin.wilczynski@ankuraconsulting.com
Main: +1.202.481.1326
Mobile: +1.202.251.4682

Education

MBA, Finance, Duke University
BS, Accounting, Rochester Institute of Technology

Certifications

Certified Public Accountant
Certified Fraud Examiner
Certified in Financial Forensics, AICPA

Affiliations

American Institute of Certified Public Accountants
Association of Certified Fraud Examiners
Association of SEC Alumni
SEC Historical Society

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Martin Wilczynski is a Senior Managing Director at Ankura Consulting Group based in Washington, DC. Mr. Wilczynski has nearly 35 years of professional experience in accounting, internal and forensic investigations. In addition to his nearly 20 years of consulting experience, Mr. Wilczynski’s background includes 10 years of auditing experience at an international accounting firm and 6 years on the staff of the United States Securities and Exchange Commission (SEC), where he served for 5 years within the Enforcement Division.

Prior to joining Ankura, Mr. Wilczynski spent 13 years with FTI Consulting, where he was the leader of the Forensic Accounting practice within the Forensic and Litigation Consulting segment. In addition to his experience with FTI, for 5 years Mr. Wilczynski was a shareholder at Ten Eyck Associates, a boutique forensic accounting and SEC Enforcement consulting firm.

Since leaving the SEC in 1998, Mr. Wilczynski has focused his consulting practice on SEC enforcement proceedings, internal and forensic investigations, Foreign Corrupt Practices Act (FCPA) and anti-corruption reviews, litigation support, financial reporting, and revenue recognition issues. He has worked with outside counsel in representing boards and special committees in a number of complex, fact-finding accounting investigations involving financial restatements, whistleblower allegations, and SEC enforcement and reporting issues. He has also been responsible for conducting several forensic Section 10A examinations resulting from concerns raised by auditors of public companies. Mr. Wilczynski has assisted counsel on many occasions in translating and communicating the results of those investigations to the SEC staff and other regulators.

While he was at the SEC, Mr. Wilczynski was responsible for numerous financial and accounting investigations, including the critical evaluation of investigatory evidence used in making recommendations to the Commission. In addition, he has expertise with respect to actions brought against accounting and auditing professionals pursuant to Rule 102(e) of the Commission’s Rules of Practice. In 1997, Mr. Wilczynski was awarded the SEC’s Sydney C. Orbach Award in recognition of significant accounting contributions to the Commission’s full disclosure program and to the protection of investors.

Mr. Wilczynski’s professional experience includes:

  • Bernard L. Madoff Investment Securities – Retained by Trustee as the co-leader of the global consulting team providing investigative and litigation support to the Trustee and his counsel. Engagement assistance included the organization and supervision of teams in a variety of areas including forensic investigation, data analysis and litigation consulting.
  • UnitedHealth Group – Retained by counsel to a Special Committee to lead a team providing technical accounting consulting assistance relating to an options backdating investigation. Participated in all facets of the investigation including technical assessment and reporting of findings to the Special Committee.
  • Global Manufacturer Accounting Investigation – Retained by counsel to assist in a global investigation and eventual multi-year restatement relating to various “bill and hold” and other accounting and reporting allegations including reserves, anti-corruption and FCPA issues, asset capitalization and earnings. Reported and interfaced with both the SEC and DOJ throughout the course of the investigation and resolution.
  • United States Department of Justice – Retained by the DOJ to assist in the investigation and prosecution of an accounting fraud case. Assisted counsel in analyzing accounting documents and testimony, and in conducting witness interviews relevant to the matter.
  • Accounting Fraud Investigation – Retained by counsel to assist in the defense of an SEC investigation and to examine and advise on various allegations regarding the multinational company’s restructuring reserves, acquisition accounting and disclosure issues. Reported all findings to counsel and assisted and participated with counsel in informational presentations to the SEC staff.
  • Software and Web-Based Content Provider – Retained by counsel to assist in defense of a DOJ investigation. Assisted counsel in analyzing acquisitions and providing technical accounting advice related to software revenue recognition. Presented findings to DOJ. Matter was closed with no action taken against the client.
  • Financial Institution SEC Enforcement Matter – Retained by counsel to assist in defending an accounting inquiry by the SEC involving loan loss reserves and disclosure issues. Provided technical accounting advice, performed analysis of loan model structure and calculations, and assisted in presentations to the SEC.
  • Whistleblower Matter – Retained by counsel to a Board of Directors of a Fortune 500 retailing corporation to investigate various accounting allegations raised in anonymous “whistleblower” letters. Assisted counsel in the analysis and assessment of accounting and liquidity issues and in the communication of findings to the Board of Directors, Audit Committee, SEC and DOJ.
  • FCPA Investigation – Retained by counsel for a global transportation company to defend against anti-corruption investigations conducted by the SEC and DOJ. Assistance involved interviewing witnesses, conducting a forensic review of underlying e-mails, documents and payment records, and participation in meetings with the SEC and DOJ to present ongoing findings.
  • Corporate Internal Controls Consulting – Retained directly by major loan originator to assess, analyze, formalize, test and document key internal controls used in various components of its operations.

Mr. Wilczynski received a Master of Business Administration in Finance from the Fuqua School of Business at Duke University and a Bachelor of Science in Accounting with highest honors from the Rochester Institute of Technology. He is a Certified Public Accountant, a Certified Fraud Examiner and is credentialed as a Certified Financial Forensics professional with the AICPA. He is a member of the American Institute of Certified Public Accountants, Association of Certified Fraud Examiners, Association of SEC Alumni, and the SEC Historical Society.

RogerCarlile

Roger Carlile

Chief Executive Officer

Ankura Consulting Group

1220 19th Street NW, Suite 700, Washington DC 20036
roger.carlile@ankuraconsulting.com
Main: +1.202.721.0946
Mobile: +1.214.763.1093

Education

MBA, International/Global Studies, University of Virginia Darden School of Business
Executive Education, Professional Service Firms, Harvard Business School
BBA, Accounting, Angelo State University

Certifications

Certified Public Accountant
Accredited in Business Valuation
Certified in Financial Forensics
Certified Fraud Examiner
Chartered Global Management Accountant

Affiliations

American Institute of Certified Public Accountants
Association of Certified Fraud Examiners
Texas Society of Certified Public Accountants

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Roger Carlile is the Chief Executive Officer at Ankura Consulting Group based in Washington, DC.  He has over 30 years of professional services experience, including more than 20 years in senior leadership positions for both publicly-owned and private-partnership businesses.  Mr. Carlile has managed client relationships and overseen practices across a broad range of professional services including bankruptcy, investment banking, valuation, due diligence, financial statement audits, and forensic technology.

Mr. Carlile founded Ankura Consulting Group in November 2014 with the vision to provide senior-level counsel to its clients based on an understanding of the opportunities and challenges faced by them.  As a result, Ankura offers a wide range of expert witness, turnaround and restructuring, corporate investigation, disputes/litigation support, forensic accounting, geopolitical risk assessment, transaction advisory, valuation, visual communications, and business advisory services.

Mr. Carlile’s senior leadership positions have included the responsibilities for setting strategy, growing and leading businesses, and assisting clients to overcome complex business challenges involving investigations, litigations, mergers and acquisitions, regulatory issues, reputation management, strategic communications, and corporate restructurings.

Prior to Ankura, Mr. Carlile served as the Chief Financial Officer at FTI Consulting from April 2010 to September 2014.  Here he was responsible for the finance, accounting, tax, treasury, and investor relations functions for the global public company.  In addition to his position as a CFO, Mr. Carlile also retained the duties of his previous roles as Chief Administrative Officer and Chief Human Resources Officer at FTI Consulting.  In this capacity, he oversaw the global administrative and infrastructure functions that supported the business and its employees – including facilities, technology, and procurement, as well as all other responsibilities for the global human resources function.  Mr. Carlile also served as the Global Leader of FTI Consulting’s Forensic and Litigation Consulting practice.

Prior to FTI Consulting, Mr. Carlile was the Global and Americas Leader of KPMG’s Forensic Services practice.  He also held positions at PricewaterhouseCoopers’ Dispute Advisory and Corporate Recovery Services practice, Rauscher Pierce Refsnes, and Deloitte Haskins & Sells.

Mr. Carlile is an expert in multi-functional general management – ranging from strategy and finance to human resources, information technology, and marketing.  He has served as an expert witness in a variety of matters including patent infringement, breach of contract, franchise disputes, wrongful termination, lost profits, and bankruptcy-related matters such as fraudulent conveyance, preferential transfers, and insolvency.  He has performed investigations relating to a variety of subject matters such as allegations of financial reporting fraud, vendor/employee fraud, intellectual property theft, and infringement.

Mr. Carlile earned a Masters in Business Administration from the University of Virginia Darden School of Business.  He successfully completed the Leading Professional Service Firms Executive Education program at Harvard Business School and received a Bachelors in Business Administration from Angelo State University.  Mr. Carlile is a Certified Fraud Examiner, Certified Public Accountant, Chartered Global Management Accountant, and he is also accredited in business valuation and certified in financial forensics.  He is a member of the American Institute of Certified Public Accountants, Association of Certified Fraud Examiners, and Texas Society of Certified Public Accountants.

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Erica Massaro-Hales

Senior Managing Director

Ankura Consulting Group

1180 West Peachtree Street, Suite 2225, Atlanta, GA 30309
erica.massaro-hales@ankuraconsulting.com
Main: +1.678.412.4222
Mobile: +1.678.488.4420

Education

JD, Nova Southeastern University, Shepard Broad Law Center
BA, English, University of Miami

Affiliations

American Bar Association
Florida Bar Association

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Erica Massaro-Hales is a Senior Managing Director at Ankura Consulting Group and is based in Atlanta, Georgia.  Ms. Massaro-Hales has extensive experience in analyzing and transforming client’s key issues into compelling visual presentations for attorneys, as well as corporate clients. She identifies key strategies using demonstrative evidence and multimedia technology to consult with trial teams and boards of directors in trials, regulatory settings and other venues.

In her career, Ms. Massaro-Hales has worked on hundreds of matters using both traditional presentation techniques and innovative courtroom technology.  She has experience in matters involving antitrust, contracts, employment and labor disputes, environmental issues, insurance coverage, intellectual property, personal injury, product liability, securities, toxic torts and white-collar crime.  Additionally, Ms. Massaro-Hales has extensive experience working on large serial litigation matters ranging from securities to pharmaceutical product liability.  She effectively manages such litigation to ensure the highest level of value to her clients.  Ms. Massaro-Hales has assisted all dispute resolution forums including mediations, arbitrations, and litigation proceedings in federal and state courts around the country. Her clients have include leading law firms and global corporations in the banking, electronics, healthcare, insurance, pharmaceutical, telecommunications and transportation industries.

Ms. Massaro-Hales previously served as a Senior Managing Director in FTI Consulting’s Trial Services practice. Prior to entering the field of litigation consulting, Ms. Massaro-Hales practiced law for more than six years specializing in complex fraud and criminal cases. As an attorney, Ms. Massaro-Hales tried cases in both federal and state courts. She engaged in all phases of litigation, including witness preparation, jury selection, presentation of evidence and mock and direct cross examinations.

Ms. Massaro-Hales earned a Juris Doctor from Nova Southeastern University at the Shepard Broad Law Center and received her Bachelor of the Arts in English from the University of Miami.

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Amy Gonce

Senior Managing Director

Ankura Consulting Group

1220 19th Street NW, Suite 700, Washington, DC 20036
amy.gonce@ankuraconsulting.com
Main: +1.202.481.1334
Mobile: +1.410.599.8712

Education

BS, Business and Management, University of Maryland, College Park

Certifications

Certified Public Accountant, Maryland Certified in Financial Forensics Certified Fraud Examiner

Affiliations

American Institute of Certified Public Accountants
Association of Certified Fraud Examiners

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Amy Gonce is a Senior Managing Director at Ankura Consulting and is based in Washington, DC.  Ms. Gonce has over twenty years of experience in forensic accounting investigation and analysis, technical accounting, review of internal controls and has served as an expert witness.  She has performed a great deal of work in the healthcare, financial services and software industries and has worked with organizations in both the public and private sectors.

Ms. Gonce’s work has comprised of various forensic accounting projects including internal investigations, Securities and Exchange Commission enforcement actions, Department of Justice investigations, technical accounting analysis, support and review, and post purchase acquisition disputes. Through those engagements, Ms. Gonce has dealt with technical accounting issues including revenue recognition (SAB 104, SOP 97-2, EITF 01-9 Bill and Hold sales, and Channel Stuffing), judgmental reserves, accounting for contingencies, assessing materiality, treatment of accounting changes, and impairment.

Ms. Gonce has also assisted clients in assessing internal controls and understanding the responsibilities and work conducted by its auditors. Ms. Gonce has served as an expert witness in cases involving questions about accounting practices and employee embezzlement. Results of her work have served as exhibits in Securities and Exchange Commission matters, bench trials and arbitration panels. During the course of her work, Ms. Gonce has appeared before the Securities and Exchange Commission, Committees of the House and Senate, the Federal Bureau of Investigation, the U.S. District Attorney’s office and the Office of Federal Housing Enterprise Oversight.

Ms. Gonce’s professional experience includes:

  • Internal Investigation Triggered by Short-Seller Allegations – Led the accounting investigation into short-seller allegations of financial statement fraud at a public company. Responsibilities included leading the team of investigators to develop the facts and identify potential accounting issues through electronic evidence and witness interviews. The engagement also included the assessment of the company’s internal controls. Ultimately, accounting issues were identified regarding the company’s recognition of revenue, classification and timing of expenses and other sales practices. As a result of the various issues identified, the company restated its financial statements. We assisted the company in its cooperation with investigations conducted by the SEC and the PCAOB.
  • Forensic Investigation of Accounting at Newly Acquired Company – Led the accounting investigation of a foreign division of a public medical device company where an employee indicated that irregularities had occurred.  Untangling the scheme required examining the source documents, data within the financial systems, manual journal entries and identifying spreadsheets used to keep track of the second set of books.  Ultimately, the schemes were perpetrated largely through various premature and/or false transactions in the sales, inventory, fixed assets and accounts payable accounts.  In addition to developing the facts and outlining the methods by which the schemes were executed, we assisted the company in responding to the SEC’s inquiries in connection with their investigation.
  • SEC Investigation Triggered by Asset Impairment Write-Down – Assisted the CFO of a public offshore marine servicing company in defending the Company’s decision to write-down certain assets. The SEC questioned the timing of the decision, suggesting that the Company inappropriately delayed its assessment and write-down determination. Responsibilities included analyzing the facts, preparing analyses to demonstrate the reasonableness of determinations made by the Company and advise the client in its discussions with the SEC with regard to the allegations.
  • Assistance Company Counsel in Defense of SEC Inquiry Triggered by Whistleblower – Assisted a public financial institution in its defense of an SEC inquiry triggered by a whistleblower.  The allegations related to questions about judgements made in connection with a loan loss model and the underlying inputs.  The allegations were for the two quarters preceding the great recession.  Responsibilities included gathering and analyzing the facts, understanding the loss model and inputs, assisting the attorneys and the company in understanding the underlying accounting guidance and strengths and weaknesses of the case and preparing submission and presenting to the SEC.
  • Embezzlement Scheme – Expert Witness – Led the investigation into company allegations of an overbilling scheme perpetrated by an employee and technology vendor.  The scheme involved a technology consultant for whom the employee was responsible for hiring and supervising.  As a result of the investigation, kickback arrangements with two additional technology vendors were discovered.  The investigation included the review and acquisition of evidence, interviews of witnesses, forensic analysis and preparation of an expert report.  Upon submission of the expert report to the defendant, the parties engaged in settlement discussions and a settlement was reached prior to trial.
  • Ponzi Scheme Forensics – Led the forensic investigation for several of the investors in the Madoff investors suspected to have known of the fraud.  Responsibilities included culling through and examining the available manual and electronic records to identify facts related to specific transactions to assist the attorneys in building the evidence for clawbacks. I also led the effort to identify and give credit to Madoff investors who had contributed “real” securities.
  • Big Four Audit Malpractice Defense – Assisted a public accounting firm in the defense of an audit malpractice suit brought by a multi-hospital healthcare system. Responsibilities included analyzing the adequacy of healthcare accounts receivable, reviewing audit workpapers, determining compliance with GAAP and GAAS, analyzing subsequent receipts for collectability, reviewing and analyzing complainant’s expert reports, identifying forces impacting the market, comparing financial statement performance of client to industry benchmarks and preparing trial demonstratives to explain complex accounting transactions to the arbitration panel.
  • Accounting Allegations in Connection with a Post-Acquisition Dispute – Assisted a private company that was acquired by a public company in defense of its pre-acquisition accounting practices. The dispute involved questions about revenue recognition, expense recognition and other specific accounting policies. After completion of an extensive report, the companies settled on favorable terms.
  • Technical Accounting – Assistance in Preclearing Accounting Conclusions with SEC’s OCA – Assisted a public medical technology company in its effort to pre-clear its accounting conclusions with the SEC’s Office of the Chief Accountant. The client sought to confirm it belief that it had established Vendor Specific Objective Evidence of Fair Value of Post Contract Customer Support for its software support and maintenance agreements. Responsibilities included understanding the facts, researching the accounting, preparing the submission and participating in the call with the OCA. The company’s accounting was successfully pre-cleared with the OCA.

Prior to joining Ankura in 2016, Ms. Gonce was a Managing Director in the Investigations and Forensic Accounting Practice at FTI Consulting.

Ms. Gonce began her career at Arthur Andersen and left as a Senior Manager in Arthur Andersen’s Southeast Region consulting practice. She joined Arthur Andersen in 1992 as an Auditor in their Audit and Business Advisory practice.

Ms. Gonce holds a Bachelor of Science in Business and Management from the University of Maryland, College Park.

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Christopher Harvey

Senior Managing Director

Ankura Consulting Group

30 South Wacker Drive, Floor 2200, Chicago, IL 60606
chris.harvey@ankuraconsulting.com
Main: +1.312.466.5674
Mobile: +1.312.952.9444

Education

BS, Finance, Miami (OH) University
Minor, Economics, Miami (OH) University

Certifications

Chartered Financial Analyst (CFA), 2007

Affiliations

CFA Society of Chicago
Association of Certified Fraud Examiners (ACFE)

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Christopher Harvey is a Senior Managing Director at Ankura Consulting Group and is based in Chicago, IL. Mr. Harvey has almost two decades of experience providing clients with data analytic services related to forensic investigations, fraud, litigation support, information technology, risk monitoring, regulatory compliance, and financial reporting. He has significant experience in the financial services industry related to fraudulent behavior, funds tracing, trading strategies and processes, system evaluation and testing, and financial and regulatory reporting. Mr. Harvey has worked in conjunction with numerous government agencies to develop fact patterns and provide detailed analysis of key information to support investigations, lawsuits, and potential settlement discussions. Mr. Harvey possesses a strong background in finance and technology, allowing him to lead a holistic approach that considers business and technology related concerns when dealing with clients.

Mr. Harvey’s professional experience includes:

  • Bernard L. Madoff Investment Securities – Worked for more than seven years on behalf of the Liquidation Trustee and his counsel on the Bernard L. Madoff Investment Securities investigation to provide investigative services, litigation support, forensic accounting, and electronic discovery services related to the largest reported Ponzi scheme in United States history. He led a large team in the recreation of the books and records in order to trace flow of funds to determine value of actions brought by the Trustee. Additionally, Mr. Harvey led the data analytics team in utilizing systematic processes to analyze mass amounts of data and information to provide investigative findings and support for legal actions.
  • SIPC Claims Management & Investigation –  Worked on behalf of SIPC to identify and analyze disparate and incomplete trading and position records as part of the liquidation of a bankrupt broker-dealer.  Provided complex analytics to support the determination of hundreds of claims.
  • SIPC Investigation – Worked on behalf of SIPC in the investigation of a failed broker-dealer.  Led the effort to trace the flow of funds internationally, investigate certain individuals, determine claims and litigate against several parties.
  • Inventory Theft Investigation – Led a team of technology and data analytic professionals in the investigation of internally executed theft of inventory and eventual restatement of financials for a Fortune 500 electrical cable and wire manufacturer and distributor.  His team focused on the analyses of historic transactions and system manipulation in order to identify potentially suspicious transactions.  Mr. Harvey worked with outside counsel to solidify and support the amount of estimated theft as well as determine the responsible parties.
  • SEC/DOJ Investigation (Brokerage Firm) – Led a multi-disciplinary team, engaged by the Independent Audit Committee of a top 10 financial institution, in the investigation of trading activities, reporting practices, and the functionality of their proprietary trading system. The investigation involved deconstructing the proprietary trading systems and computer code, review of system controls, and reporting functionality. Mr. Harvey reported the findings of the investigation to various United States Government Agencies, including the SEC, DOJ, and FBI.
  • SEC/DOJ Investigation (Brokerage Firm) – Conducted an investigation into a rogue trader incident within a top investment and brokerage firm. He worked with the firm’s financial and technology teams, in conjunction with a Department of Justice investigation, to review, assess, and test controls for various trading platforms, risk monitoring systems, and procedures. Additionally, he provided extensive recommendations in the areas of system controls, testing, configuration, and risk management.

Mr. Harvey received his Bachelor of Science from the Richard T. Farmer School of Business at Miami (OH) University, with a major in Finance and minor in Economics.  He is a Chartered Financial Analyst ® (CFA) charterholder and member of the CFA Society of Chicago.  He is a member of the Association of Certified Fraud Examiners (ACFE).

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Brian McDowell

Managing Director

Ankura Consulting Group

1180 West Peachtree Street, Suite 2225, Atlanta, GA 30309
brian.mcdowell@ankuraconsulting.com
Main: +1.678.412.4221
Mobile: +1.202.213.3692

Education

BBA, Accounting, James Madison University

Certifications

Certified Public Accountant

Affiliations

American Institute of Certified Public Accountants

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Brian McDowell is a Managing Director at Ankura Consulting Group based in Atlanta, GA. Mr. McDowell is an accounting and investigative professional with more than eighteen years of experience. Mr. McDowell specializes in providing forensic accounting and financial fraud investigative services in connection with Securities and Exchange Commission (“SEC”) investigations and corporate internal investigations conducted on behalf of audit committees and/or boards of directors, often arising from regulatory actions or whistleblower allegations.

Prior to joining Ankura in 2016, Mr. McDowell was a Senior Director at FTI Consulting where he worked as a core member of the global team providing investigative and litigation support to the Trustee for Bernard L. Madoff Investment Securities.  In this role, Mr. McDowell worked closely with counsel leading teams of consultants performing forensic investigation, document review, and data analysis regarding the $65 billion Ponzi scheme and prepared summary findings of analyses used in drafting complaints against various parties and institutions.

Mr. McDowell also has recent experience in investigating allegations of inappropriate revenue recognition and accrual accounting by a $3 billion international public company. Specifically, he oversaw a large document review and data analysis effort and conducted witness interviews. He worked closely with clients and counsel to examine accounting records and interview witnesses to identify accounts and transactions requiring investigation, determine if violations of GAAP occurred, assess the potential financial exposure and communicate those findings to the Company as part of their investigation and restatement effort. He also assisted counsel in preparing for and participating in meetings with the Audit Committee and SEC.

Mr. McDowell has worked extensively with outside counsel in representing boards and special committees in a number of other complex, fact-finding accounting investigations stemming from whistleblower allegations and SEC enforcement and reporting issues. He also has experience supporting counsel in corporate restatements, stock option backdating investigations and earnings management investigations. Mr. McDowell has served clients and legal counsel in helping to design the review of large volumes of electronic and hard copy documents, conduct interviews, research GAAP issues and assess exposure, and prepare witnesses for testimony. He has conducted investigations and reviews of large and small organizations across a range of industries in the public and private sectors, including financial services, manufacturing, retail, transportation, telecommunications, medical device, insurance, and health care industries, as well as government and not-for-profit entities.

From 1998-2001, Mr. McDowell served as a senior auditor in Arthur Andersen’s Assurance and Business Advisory Services Group.

Mr. McDowell received a Bachelor of Business Administration in Accounting from James Madison University. He is a Certified Public Accountant in Virginia, and a member of the American Institute of Certified Public Accountants.

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Francesca Harker

Managing Director

Ankura Consulting Group

1220 19th Street, NW, Suite 700, Washington, DC 20036
francesca.harker@ankuraconsulting.com
Main: +1.202.742.7724

Education

JD, cum laude, University of Michigan Law School
MSW, summa cum laude, The Catholic University of America
BA, cum laude, English and Psychology, Georgetown University

Certifications

Admitted to the bars of New York, New Jersey and Washington, D.C.

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Francesca Harker is a Managing Director at Ankura Consulting Group and is based in Washington, DC. Ms. Harker has over 8 years of experience addressing a variety of client needs, including corporate investigations, review of internal controls and procedures, monitorships and receiverships.

Prior to joining Ankura, Ms. Harker was a Senior Associate at BakerHostetler, LLC where she worked on a variety of fraud investigations including financial reporting investigations and enforcement actions by the Securities and Exchange Commission, criminal investigations by the Department of Justice and Federal Bureau of Investigations, and market regulation misconduct arbitrations by FINRA. Ms. Harker routinely advised corporate boards and their executives on complex litigation decisions and implementing comprehensive compliance, whistleblower and anti-corruption policies. Ms. Harker also has extensive experience conducting internal investigations relating to the Foreign Corrupt Practices Act and assisting with voluntary self-disclosure where appropriate.

Ms. Harker’s professional experience includes:

  • Internal Investigation – Investigated allegations of corrupt payments at a major international corporation and counsel the company on potential self-disclosure to relevant government agencies.
  • SEC Enforcement Action – Represented former Fortune 50 CFO in multiple state and federal lawsuits alleging accounting and securities fraud relating to multibillion-dollar restatement.
  • SEC Receivership – Led a multi-disciplinary team serving as counsel for court-appointed Receiver responsible for investigating, auditing, and recovering funds from $500 million Ponzi scheme.
  • SDNY Monitorship – Member of DOJ-appointed monitorship team tasked with assessing major international bank’s implementation of data privacy, government contracts, FCPA and other regulatory compliance policies.
  • Breach of Contract Claim – Second chair on jury trial for breach of contract and breach of fiduciary duty claims in which jury returned largest breach of contract award in New York City for that year.

Ms. Harker has a Juris Doctor from the University of Michigan where she was a member of the Michigan Law Review and Women’s Law Student Association, a Masters in Social Work from the Catholic University of America, and a Bachelor of Arts from Georgetown University.

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Jennifer Alpert

Managing Director

Ankura Consulting Group

1220 19th Street NW, Suite 700, Washington DC 20036
jennifer.alpert@ankuraconsulting.com
Main: +1.202.742.7726
Mobile: +1.240.994.1682

Education

BA Economics, University of Maryland

Certifications

Certified Scrum Product Owner (CSPO)

Affiliations

Scrum Alliance

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Jennifer Alpert is a Managing Director at Ankura Consulting Group based in Washington, DC. Ms. Alpert has over 10 years of experience in product management, business analysis, technical sales, settlement administration for multi–district litigations, software design for high net worth (HNW) financial advisors, and portfolio accounting for HNW investors. She has extensive experience designing systems and processes for complex business–to–business transactions in mass torts, finance, and wealth management.

As product manager for the MDLOnline platform, Ms. Alpert is focused on optimizing processes and technology utilized in complex mass disputes. Through interviews, metrics, persona research, influence mapping, system demos, and Lean development methods, Ms. Alpert and her team design solutions which target value propositions and address product-market fit. She also leads marketing, sales, and onboarding for MDLOnline where she facilitates the successful implementation of opportunities.

When Ms. Alpert joined the firm in 2014 she acted as Settlement Administrator for a large medical device mass tort. She designed and implemented improved structure, systems, processes, procedures, documentation, and communication strategies in order to meet the needs of the client and follow the terms of the Master Settlement Agreements (MSAs). She collaborated with settlement counsel, claimants’ counsel, lien administrators, system developers, user experience designers, and claim reviewers to improve the experience with the claims processing systems.

Prior to joining Ankura, Ms. Alpert was a Product Manager at LPL Financial where she focused on improving the “Advisor Experience” for HNW financial advisors and investors. She created and led a 25-person cross-functional team to eliminate the manual review of performance reports, saving over 5,000 hours of manual work per year and reducing the report error rate by 95%. She also worked closely with financial advisors and software developers to design and build a billing application specifically for HNW investors, which secured 5 new client relationships.

Ms. Alpert previously worked at Fortigent as a Senior Business Analyst where she designed a portfolio reconciliation tool specifically for Alternative Investments, such as hedge funds and private equity, which saved over 50 hours per month of manual work. This reconciliation tool enabled advanced reporting capabilities for private equity investments, securing business from 3 HNW financial advisors. She also collaborated with developers, financial analysts, and money managers to create an algorithm which reverse-engineered financial transactions so that Unified Managed Account (UMA) investors could view individual positions and their associated daily performance in the form of sleeve level reporting.

Early in Ms. Alpert’s career at Fortigent she worked in operations as a portfolio accounting analyst and as a data conversions coordinator where she reconciled HNW investment accounts and on-boarded 6 clients.

Ms. Alpert received a Bachelor of Arts in Economics from University of Maryland, where she received Departmental Honors and Department Achievement. She is a Certified Scrum Product Owner (CSPO) and a member of the Scrum Alliance.

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Jean-Michel Ferat

Senior Managing Director

Ankura Consulting Group

1220 19th Street NW, Suite 700, Washington, DC 20036
jean-michel.ferat@ankuraconsulting.com
Main: +1.202.797.1111
Mobile: +1.301.642.4811

Education

BS, University of Maryland College Park

Certifications

Certified Public Accountant, Maryland (1997)
Certified in Financial Forensics, AICPA (2008)

Affiliations

American Institute of Certified Public Accountants

Languages

French (fluent written, spoken, speaking)

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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.

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Stephen O’Malley

Senior Managing Director

Ankura Consulting Group

750 Third Avenue, 28th Floor, New York, NY 10017
stephen.omalley@ankuraconsulting.com
Main: +1.212.818.1555
Mobile: +1.917.670.3839

Education

BA University at Buffalo

Affiliations

Association of Certified Fraud Examiners (Associate)

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Prior to joining Ankura, Mr. O’Malley led the electronic discovery efforts involving millions of documents in support of Hart-Scott-Rodino antitrust investigations led by the DOJ and the FTC. Mr. O’Malley also led the on-site forensic examination and electronic discovery review effort of millions documents in Macau, China for a multinational gaming and entertainment corporation. He has coordinated international electronic discovery response for an investigation that led to a financial restatement. His efforts on these cases included interviews, electronic data identification, collection, processing and review at various locations around the globe.

Mr. O’Malley has experience briefing the SEC, DOJ, FTC, and FBI on the electronic discovery efforts related to his investigations. He has extensive experience with the Foreign Corrupt Practices Act (FCPA) investigations and recently led the computer forensics and electronic discovery aspects in a multinational electronics manufacturing business investigation. Additionally, he has served on a team representing the financial advisor to the SEC Receiver of a hedge fund in Connecticut. In this capacity, he led an electronic discovery and computer forensics team, which helped to uncover a Ponzi scheme with potential losses of $700 million. Mr. O’Malley also led the forensic investigation team responsible for examining components of the fraud for the trustee of one of the largest Ponzi schemes in history. In this case, Mr. O’Malley analyzed communications, investigated transactional pattern recognition of trading activity, documented findings, and assisted with drafting complaints on behalf of the trustee.

Mr. O’Malley has led the computer forensic efforts and subsequent reviews in cases related to a New York City Department of Investigation Subpoena, a multinational private equity firm being investigated by the DOJ, a multinational pharmaceutical manufacturer, an international beverage manufacturer, and an electronic information services corporation involving stock options backdating.

Mr. O’Malley has also investigated large executive embezzlement fraud cases including a national consulting and information management corporation and a New York-based financial services company. These cases resulted in criminal charges and eventual guilty pleas to Securities and Wire Fraud Conspiracy, and Tax Evasion. Mr. O’Malley continued to support these matters after they transitioned to bankruptcy proceedings.

Mr. O’Malley has investigated accounting irregularities for a multi-national staffing firm, which involved analyzing payroll records from the largest PeopleSoft database implantation in the world. Additionally, related to several NYSE specialist investigations, Mr. O’Malley has developed sophisticated trading models to identify DOT Inferior and interpositioning trading activity, and he has presented findings to NYSE enforcement.

Mr. O’Malley has a Bachelor’s of Arts Degree from the University at Buffalo in Computer Science.

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Linda MacDonald

Senior Managing Director

Ankura Consulting Group

750 Third Avenue, 28th Floor, New York, NY 10017
linda.macdonald@ankuraconsulting.com
Main: +1.646.291.8593
Mobile: +1.203.979.4860

Education

MBA, American University
BA, Albion College

Certifications

Certified Public Accountant

Affiliations

American Institute of Certified Public Accountants (AICPA)

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Linda MacDonald is a Senior Managing Director of Ankura Consulting Group. Ms. MacDonald is based in New York, NY and is part of Ankura’s Investigations and Advisory Services practice. Ms. MacDonald has nearly 30 years of professional experience and is a recognized expert in financial accounting and reporting.

Ms. MacDonald’s experience includes nearly 12 years with the Financial Accounting Standards Board (FASB), the last three of which she was a Director. While at FASB, Ms. MacDonald was involved in establishing U.S. Generally Accepted Accounting Principles (GAAP) and led the projects that established the FASB’s accounting standards for fair value measurements, asset impairments, discontinued operations, restructuring activities, and liability recognition. Ms. MacDonald also worked with the International Accounting Standards Board (IASB) on convergence of U.S. GAAP with International Financial Reporting Standards (IFRS).

Ms. MacDonald’s experience also includes being a member of the staff of the Enforcement Division of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., where she worked on investigations into potential violations of GAAP and Generally Accepted Auditing Standards (GAAS) involving SEC registrants and other parties. Ms. MacDonald started her career as an auditor with a national public accounting firm in Washington, D.C. (now Deloitte & Touche).

Before joining Ankura, Ms. MacDonald spent eight years with FTI Consulting, where she was a Senior Managing Director in the Forensic and Litigation Consulting segment based in New York.

Ms. MacDonald’s practice encompasses consulting and expert witness services on a broad range of matters involving financial accounting and reporting, including assisting counsel and entities with regulatory enforcement investigations, internal and forensic accounting investigations, and civil litigation. Ms. MacDonald also advises SEC registrants on technical accounting matters involving the SEC’s Office of the Chief Accountant, Division of Corporation Finance, Division of Investment Management, and Office of Compliance Inspections and Examinations.

Ms. MacDonald’s Professional Experience includes:

Expert Witness Testimony

  • Federal National Mortgage Association Securities, Derivative, and “ERISA” Litigation. Retained by counsel for FNMA to provide expert testimony relating to the application of GAAP to derivatives and hedging transactions.
  • Hedge Fund Arbitration. Retained by counsel for a hedge fund to provide expert testimony relating to related party transactions involving the fund.
  • Private Equity Litigation. Retained by counsel for a private equity firm to provide expert testimony relating to the GAAP valuation of stock purchase warrants granted by a portfolio company.
  • IndyMac SEC Litigation. Retained by counsel for the former CEO and Chairman of IndyMac Bancorp, Inc. and its wholly-owned subsidiary, IndyMac Bank, F.S.B., to provide expert testimony relating to the application of GAAP to a capital transaction between the holding company to the bank.
  • BankAtlantic Bancorp SEC Litigation. Retained by counsel for BBX Capital Corporation and its CEO and Chairman to provide expert testimony relating to the application of GAAP to commercial residential real estate loans.
  • Credit Suisse RMBS Litigation. Retained by counsel for Credit Suisse to provide expert testimony relating to GAAP losses attributable to alleged misstatements and omissions in offering documents for residential mortgage-backed securities.

Litigation Support

  • GAAP/IFRS Valuation. Retained by counsel for a financial institution to provide expert support in RMBS litigation alleging issues relating to the GAAP/IFRS valuation of residential mortgage-backed securities.
  • Loan Impairment. Retained by counsel for a mortgage lender to provide expert support in FDIC litigation alleging the improper application of GAAP to mortgage loans held for investment.
  • Asset Impairment. Retained by counsel for a home builder to provide expert support in civil litigation alleging the improper application of GAAP to long-lived assets held by the home builder.

Regulatory Enforcement Investigations

  • Distressed Debt Investments. Retained by counsel for an off-shore hedge fund to assess and respond to issues relating to the application of GAAP/IFRS to distressed debt investments held by the fund in connection with an investigation by the SEC’s Division of Enforcement.
  • Fund Investments. Retained by counsel for an investment fund to assess and respond to issues relating to the application of GAAP to structured product investments in connection with investigations by the SEC’s Division of Enforcement and CFTC.
  • Goodwill Impairment. Retained by counsel for a marketing company to assess and respond to issues relating to the application of GAAP to goodwill and other accounting matters in connection with an investigation by the SEC’s Division of Enforcement.
  • Contract Accounting. Retained by counsel for the Audit Committee of a company in the aerospace industry to assess and respond to issues relating to the application of GAAP to commercial contracts and other accounting matters in connection with an investigation by the SEC’s Division of Enforcement.
  • Revenue Recognition. Retained by counsel for an internet services provider to assess and respond to allegations of improper revenue recognition practices and other accounting matters in connection with an investigation by the SEC’s Division of Enforcement.

Internal and Forensic Accounting Investigations

  • Revenue Recognition. Retained by counsel for the Audit Committee of a multinational engineering firm to investigate whistleblower allegations of improper revenue recognition practices and other accounting matters.
  • RMBS Investments. Retained by counsel for the Audit Committee of a REIT to assess and respond to issues raised by its outside auditors relating to the application of GAAP to residential mortgage backed securities held for investment by the REIT.
  • Embezzlement. Retained by counsel for a health care facility to investigate whistleblower allegations of accounting fraud by a third-party debt collector for the health care facility.

SEC Advisory

  • Investment funds. Retained by counsel to assess and respond to issues relating to application of GAAP in connection with filing reviews by the staff in the SEC’s Division of Investment Management and examinations by the staff in the SEC’s Office of Compliance Inspections and Examinations.
  • Other SEC registrants. Retained by counsel to assess and respond to issues relating to the application of GAAP in connection with filing reviews by the staff in the SEC’s Division of Corporation Finance and to advise on enhancements to accounting policies and procedures.

 

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Robert Bird

Managing Director

Ankura Consulting Group

60 State Street, Suite 700, Boston, MA 02109
robert.bird@ankuraconsulting.com
Main: +1.617.723.5900
Mobile: +1.718.916.7021

Education

BASc Electrical Engineering, Honors, Option in Management Science

Certifications

Certified Fraud Examiner (CFE)

Affiliations

Association of Certified Fraud Examiners (ACFE)

Languages

French (Conversational)

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Robert Bird is a Managing Director at Ankura Consulting Group based in Boston, MA. He works within the eDiscovery and Data Analytics practices, part of the Investigations & Accounting Advisory group.

Over the past decade, Mr. Bird has led global teams in executing electronic data discovery projects for the financial, technology, and pharmaceutical industries relating to fraud, financial investigations, and product liability. His technical expertise allows him to customize technology and utilize data analytics to identify key documents, organize data, and design efficient workflows.

Mr. Bird’s most recent projects include multi-district litigation and regulatory investigations related to Mortgage Backed Securities for several large financial institutions and Foreign Corrupt Practice Act (FCPA) forensic investigations for a global technology company.

Mr. Bird’s experience includes:

  • Multinational Foreign Corrupt Practices Act Investigation: Led a large-scale document review effort for a global technology company facing US regulatory investigations in multiple jurisdictions. Guided a multidisciplinary team of global professionals supporting the collection, processing and production of multiple terabytes of data identified across email, servers, laptops and mobile devices.
  • Residential Mortgage Backed Securities Multi-District Litigation: Managed document reviews sourced from corporate repositories holding over 100 million documents that was the basis for more than 40 related matters. Designed a framework to re-use attorney work product across matters to create consistent privilege treatment for productions and document disclosure.
  • Forensic Accounting Investigation: Supported the review of millions of loan file documents and developed methods to connect structured data with loose files for streamlined expert review.

Mr. Bird holds a Bachelor’s of Applied Science in Electrical Engineering with an Option in Management Sciences from the University of Waterloo, Canada. He is a Certified Fraud Examiner.

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Elaine Lehnert

Managing Director

Ankura Consulting Group

800 Lanidex Plaza, Suite 210, Parsippany, NJ 07054
elaine.lehnert@ankuraconsulting.com
Main: +1.732.933.2627
Mobile: +1.732.766.4409

Education

BS, Accounting, Rider University

Certifications

Certified Public Accountant, Certified in Financial Forensics

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Elaine Lehnert is a Managing Director of Ankura Consulting Group. Ms. Lehnert is based out of the Parsippany, NJ office and is part of Ankura’s Investigations and Accounting Advisory Services practice. She has more than twenty-five years of experience in forensic accounting, internal controls evaluation and technical accounting and auditing matters. She has performed a great deal of work in the insurance and reinsurance industries.

Prior to joining Ankura in November 2016, Ms. Lehnert was a Managing Director in the Forensic and Litigation Services practice at FTI Consulting and a Managing Director at Veris Consulting. Ms. Lehnert led numerous consulting engagements involving a variety of internal controls, accounting and auditing matters. Ms. Lehnert directed major engagements involving litigation and expert testimony; forensic accounting; fraud investigations; reinsurance disputes; and assistance to the Public Company Accounting Oversight Board. Ms. Lehnert provided expert testimony on several occasions. In addition, Ms. Lehnert provided internal audit outsourcing and Sarbanes-Oxley Section 404 compliance services.

Prior to FTI and Veris, Ms. Lehnert was with the American Institute of Certified Public Accountants (AICPA) as a technical manager with responsibility for assisting and managing the activities of the Insurance Companies Committee and its task forces, Relations with Actuaries Committee, and various Accounting Standards Executive Committee task forces.

In addition, Ms. Lehnert was responsible for making quarterly presentations regarding AICPA activities to the National Association of Insurance Commissioners; working directly with the insurance regulatory process; evaluating and commenting on regulatory proposals; serving as primary staff liaison with various state insurance regulators; and acting as AICPA primary staff liaison on technical matters related to insurance accounting with the SEC staff and the FASB staff.

Before joining the AICPA, Ms. Lehnert was a manager at KPMG, where she was responsible for a broad range of accounting, auditing, and statement preparation and reporting functions, as well as providing insurance industry training to staff, consultants and management.

Ms. Lehnert’s professional experience includes:

Internal Controls and Risk Advisory Experience

Ms. Lehnert has extensive internal controls experience which includes the following:

  • Internal Controls Whistleblower Action – Retained by counsel to provide an expert opinion in connection with the allegations brought by a whistleblower action. Opinion included the mechanics and purpose of internal controls over financial reporting and the appropriateness of the actions taken by the plaintiff in reporting the violations of the company’s internal control environment.
  • Independent Fiduciary Review in the Wake Markopolos-Williams Whistleblower Report – Retained by counsel on behalf of a board of directors to perform an independent fiduciary review of a pension fund’s assets, liabilities, system of internal controls and the related financial reporting as a result of a whistleblower action.
  • Assessment of Remediation of Internal Control
    • Retained by counsel on behalf of a special committee of the board of directors of a health care company to assess internal controls that the company implemented in the aftermath of restating its financial statements.
    • Retained by counsel on behalf of a special committee of the board of directors of a pharmaceutical company to assess internal controls that the company implemented in the aftermath restating its financial statements
  • Outsourced Internal Audit Provider – Led a team which served as the outsource provider for the internal audit function at a medical malpractice reciprocal. On an annual basis, Ms. Lehnert developed and executed the annual audit and reported directly to the audit committee. Further, Ms. Lehnert served as the sounding board for management in its assessment and development of internal controls throughout the company.
  • Assessment of Internal Controls in the Aftermath of Fraud – Retained by counsel on behalf of an audit committee of a global publicly traded company to assess the internal controls designed to ensure safeguarding of certain assets/cash disbursements that were the center of fraudulent transactions originating out of its international subsidiary.
  • Sarbanes-Oxley Section 404 Assistance – Provided Sarbanes-Oxley assistance services to the management team at a publicly traded car rental and equipment leasing company. Assistance included risk and control documentation of twelve key processes and reviewing and evaluating documentation against COSO.
  • Internal Audit Co-Sourcing – Led a team conducting internal audits on behalf of a publicly traded international property and casualty insurance company which outsourced specific audits traditionally performed by its internal audit department pertaining to claims, enterprise risk management, agency licensing, and payroll. Ms. Lehnert partnered with the company’s internal audit department to ensure its annual audit plan was fully executed by year-end as additional capacity was required due to unforeseen staffing issues.
  • Assistance to Chief Risk Officer – Provided assistance to the Chief Risk Officer of an international underwriter of specialty insurance and reinsurance products in areas of the property and casualty market. Projects included assistance with Enterprise Risk Management projects such as developing a risk taxonomy, developing risk registers which identified risks of the organization, assistance with the preparation of the quarterly presentations to the Board of Directors and performing a assessment of the company’s OFAC Sanctions Compliance Program.

Forensic and Litigation Support Experience

Ms. Lehnert’s forensic and litigation support experience includes:

  • PCAOB Enforcement Action – Assisted the Public Company Oversight Board (PCAOB) in several of its investigations of members of audit firms related to their conduct. Accounting issues included revenue recognition related to the accounting for pharmaceutical products and computer software products.
  • Securities Fraud – Assisted counsel in defense of two investment analysts and a prominent hedge fund company in a high profile securities fraud suit involving an international insurance holding company with a market capitalization in excess of $15 billion.
  • Big Four Audit Malpractice Defense – Assisted counsel in defense of a Big-4 accounting firm in a several high profile auditor malpractice cases involving complex accounting and financial reporting issues including special purpose entities, reinsurance risk transfer, intercompany transactions and loss reserves.
  • Ponzi Scheme Forensics – Assisted counsel with the investigation of a major direct investor in Bernard L. Madoff Investment Securities LLC (BMIS). Provided in-depth analysis of investment records covering a period of decades and assisted with the defense of clawback demands from the Madoff trustee.
  • Software Revenue Recognition – Engaged on behalf of a software sales company to assist with allegations pertaining to improper revenue recognition accounting for sales of software products due to the existence of continuing performance requirements. Arbitration testimony provided.
  • Reinsurance Claims Analysis – Provided assistance to counsel in a number of arbited disputed on behalf of London reinsurers. Claims related work included the measurement of the validity of reinsurance claims through the determination of the applicability of coverage and verification of documentation supporting the nature and amount of those claims. Arbitration testimony provided.

Ms. Lehnert received her Bachelor of Science in Accounting from Rider University and is a Certified Public Accountant (CPA), and is credentialed by the AICPA as Certified in Financial Forensics (CFF). She served on the AICPA Insurance Experts Panel from 2010 through 2013 and contributed to the development of several additions of the AICPA Audit and Accounting Guide, Audits of Life and Health Insurance Entities, AICPA Audit and Accounting Guide, Audits of Property and Liability Insurance Entities and the AICPA Audit Risk Alert, Insurance Industry Developments. She is currently on the President’s Advisory Council of the Society of Insurance Financial Management (SIFM) and serves as the chair of its Women of SIFM Subcommittee.