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Our Regulatory & Contractual Compliance practice focuses on assisting clients facing complex challenges within the compliance, and valuation environment.

In an increasingly regulated and competitive field of contractual work, Ankura seeks to help clients navigate the channels of statutory, regulatory, licensing, fair market value calculation, and transaction oversight. At each step in the process, Ankura provides quality research, data gathering, and value based delivery models and strategies based on your company’s needs.

Javier Alvarez
Managing Director
Jessica Block
Senior Managing Director
Terrence Brody
Senior Managing Director
Richard M. Cameron
Senior Managing Director
Roger Carlile
Chief Executive Officer
Randall H. Cook
Senior Managing Director
Philip Daddona
Co-President
Vincent D’Amelio
Senior Managing Director
Jean-Michel Ferat
Senior Managing Director
Marc-Philip Ferzan
Senior Managing Director
Elizabeth Fitzpatrick
Managing Director
Jason Flemmons
Senior Managing Director
B. Thomas Florence
Senior Managing Director
Anjula Garg
Senior Managing Director
Jim Goldmann
Managing Director
Amy Gonce
Senior Managing Director
Francesca Harker
Managing Director
Christopher Harvey
Senior Managing Director
Joseph N. Hoang
Managing Director
Kelly Kittrell
Senior Managing Director & Chief Financial Officer, Ankura Holdings, LP
Prashant Lamba
Managing Director
Elaine Lehnert
Managing Director
Linda MacDonald
Senior Managing Director
Brian McDowell
Managing Director
Mark McGrath
Senior Managing Director
Vincent Mekles
Senior Managing Director
Robert Mundy
Managing Director
Kayla Nelson
Senior Managing Director
Chase Perry
Senior Managing Director
Timothy G. Raab
Senior Managing Director
Robert Reyburn
Managing Director
Steven E. Richards, CPA
Senior Managing Director
Chris Rowland
Senior Managing Director
Juli Saitz
Senior Managing Director
Waqas Shahid
Senior Managing Director
Timothy Smith
Senior Managing Director
Luke Tenery
Senior Managing Director
Ted Theisen
Senior Managing Director
Thomas Vasquez
Senior Managing Director
Martin Wilczynski
Senior Managing Director
Gary Wingo
Senior Managing Director
Jonathan Zambelli
Managing Director

Javier Alvarez

Managing Director

Ankura Consulting Group

750 Third Avenue, 28th Floor, New York, NY 10017
javier.alvarez@ankuraconsulting.com
Main: +1.212.818.1555
Mobile: +1.917.686.8499

Education

BA, Accounting and Information Systems, Queens College of the City University of New York
BA, Economics, Queens College of the City University of New York

Certifications

Certified Public Accountant
Certified Fraud Examiner

Affiliations

American Institute of Certified Public Accountants
Association of Certified Fraud Examiners
New York State Society of Certified Public Accountants

Languages

Spanish (fluent)
French (academic)

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Javier Alvarez is a Managing Director at Ankura Consulting Group based in New York, NY.  He has more than 14 years of experience in auditing, forensic accounting and litigation consulting. He has extensive international experience with large-scale financial investigations and litigation assignments including Foreign Corrupt Practices Act (FCPA) related matters and Receiverships.  He has also provided accounting and consulting services to clients across a wide range of industries.

Prior to joining Ankura Consulting Group, Mr. Alvarez worked in the Forensic Litigation Consulting group at FTI Consulting and the Forensic and Investigative Accounting Services practice at Kroll. Mr. Alvarez began his career in the Financial Advisory Services practice at Deloitte & Touche, where he audited financial statements of public and private companies.

Mr. Alvarez has experience managing matters involving alleged FCPA violations. On a global scale, he has provided services related to international due diligence, Monitorships, implementing compliance programs and coordination of risk assessments for leading corporations. He has experience working with counsel to develop efficient work plans and to assemble and manage forensic teams of appropriate size and skill level to effectively deliver results. Mr. Alvarez has worked in many jurisdictions throughout South America, Africa, Middle East, and Europe. Mr. Alvarez has experience developing and presenting findings with counsel and government regulators.

Mr. Alvarez has managed other large-scale investigations, including Receivership matters, where he provided detailed analyses involving asset tracing, reconstruction of complex financial transactions and litigating support. In addition, he has also led internal and SEC related investigations in connection with situations involving financial and securities fraud, embezzlement, circumvention of internal controls and accounting malpractice.

Mr. Alvarez has also led other accounting related litigation and arbitration matters including post-closing purchase price disputes, white-collar crime, misappropriation of corporate assets, and revenue recognition.  He provides forensic accounting litigation support including research, export report drafting and advisory services to counsel.

Financial Forensics — Mr. Alvarez 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 forensic accountants in connection with the firm’s retention by the Receiver in the Michael Kenwood Ponzi scheme. 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 claw-back litigation purposes. Coordinated findings with counsel, the SEC, U.S. Attorneys and other government authorities.
  • Managed an investigation in connection with a Receivership of an ATM cash company. Led the forensic accounting analysis work, assisted with the drafting of a report issued by the Receiver and coordinated efforts with government authorities.
  • Investigation of corrupt activities in former CIS countries on behalf of a company in the telecoms industry. Included on-site risk assessments in several former CIS countries which involved interviews, books and records reviews, and an assessment of the company’s current compliance program. Coordinated with outside Counsel and the results of our investigation and review were presented to the company’s outside auditors along with the DOJ/SEC.
  • Directed an internal fraud investigation on behalf of the Board of Directors of a multi-billion-dollar company of industrial battery manufacturer. The investigation was predicated on allegations of accounting improprieties.
  • Led and managed teams in various countries around the world in connection of an FCPA Monitorships of world leading companies in the oil and gas, as well as, industrial equipment manufacturer. The matter involved ascertaining whether payments were made to government officials as inducements for obtaining or retaining business.
  • Provided consulting services to a publicly-held financial market data provider involved in a contract dispute with another market data provider. The adjustment involved various issues such as fixed costs, communications costs and extraordinary costs.
  • Conducted an internal examination of a major financial institution designed to comply with the Financial Crimes Enforcement Network and Bank Secrecy Act regulations specifically for alleged activities related to the lack of filing Suspicious Activity Reports.

Litigation and Dispute Services — Mr. Alvarez 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:

  • Assisted in the preparation of expert report related to an asset forfeiture case brought by the DOJ alleging that certain funds were received in connection with a Russian tax scheme.
  • Assisted counsel in a post-closing purchase price dispute on behalf of an auto parts manufacturer.  The dispute related to the sale of a company and resulted in approximately $40 million in adjustments on behalf of the client. The adjustments involved contract accounting and earn-out calculations.
  • Managed numerous engagements involving post-closing purchase price disputes involving earn-out calculations. In addition, Mr. Alvarez assisted in arbitration proceedings and preparation of arbitration submissions.
  • Performed damage calculations in a breach of contract dispute on behalf of a major information technology company involving the client and a manufacturing company. Findings resulted in a lost profits settlement.

Mr. Alvarez received a Bachelor of Arts in Accounting and Information Systems, and Economics from the Queens College of the City, University of New York.

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Terrence Brody

Senior Managing Director

Ankura Consulting Group

750 Third Avenue, 28th Floor, New York, NY 10017
terrence.brody@ankuraconsulting.com
Main: +1.212.818.1555
Mobile: +1.973.985.8992

Education

BS, The University of Scranton
JD, Rutgers University School of Law

Certifications

Admitted to practice law in the state and federal courts of New York and New Jersey

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Terry Brody is a Senior Managing Director at Ankura Consulting Group. He is based in New York, NY and Parsippany, NJ. Mr. Brody has close to 15 years of leadership experience in both the public and private sectors handling complex litigations, conducting regulatory investigations, and managing multi-billion-dollar government programs.

Before joining Ankura, Mr. Brody helped establish and build a central recovery office charged with coordinating the State of New Jersey’s multi-billion-dollar disaster recovery effort following Hurricane Sandy. He was later appointed by the New Jersey Governor to a dual cabinet and senior staff position to head the recovery office. In these roles, Mr. Brody:

  • Managed a cross-agency, multi-disciplinary team that performed a comprehensive analysis of storm impacts, risks and vulnerabilities.
  • Developed a suite of recovery and resilience initiatives to address impacts across all sectors including transportation, environmental infrastructure, utilities, housing and the economy. Many of the infrastructure initiatives incorporated innovative, cost-effective and implementable solutions that mitigate risks, enhance resilience and harden key infrastructure assets.
  • Worked with federal agencies to advocate for billions of dollars in financial aid and for regulatory reforms to streamline disaster recovery programs.
  • Developed and oversaw compliance and monitoring protocols to mitigate the risk of fraud, waste and abuse, and to enhance transparency.

Prior to Superstorm Sandy, Mr. Brody served on the New Jersey Attorney General’s executive team, where he oversaw more than 8,000 employees and ten divisions.

In that role, Mr. Brody:

  • Advised the Governor, Lieutenant Governor and cabinet on a wide variety of complex legal, regulatory, law enforcement and emergency management manners.
  • Oversaw priority departmental initiatives including deployment of technology, policy changes and organizational restructuring.
  • Managed high-priority investigations and lawsuits, including securities fraud class actions, natural resource damage suits, and consumer fraud matters.
  • Directly negotiated settlements in high profile matters, including the resolution of a highly publicized payment dispute with the federal government.
  • Negotiated a multi-billion-dollar transportation program agreement.

Earlier in his career, Mr. Brody worked at two large law firms representing clients in complex commercial litigations, corporate investigations, regulatory matters, and also advised corporate executives and board members on governance matters, risk environments and business decisions.

Mr. Brody received a Bachelor of Science degree magna cum laude from The University of Scranton and a Juris Doctor from Rutgers Law School.

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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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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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Jonathan Zambelli

Managing Director

Ankura Consulting Group

750 Third Avenue, 28th Floor, New York, NY 10017
jonathan.zambelli@ankuraconsulting.com
Main: +1.212.818.1555
Mobile: +1.201.968.6758

Education

BS, Finance, Seton Hall University

Certifications

Certified Fraud Examiner
Certified Insolvency and Restructuring Advisor

Affiliations

Association of Certified Fraud Examiners
Association of Insolvency and Restructuring Advisors

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Jonathan Zambelli is a Managing Director at Ankura Consulting Group and is based in New York. Mr. Zambelli has over 10 years of experience in corporate finance and forensic investigations. He has represented clients in both in-court and out-of-court restructurings, receiverships, and fraud investigations.

Mr. Zambelli has worked on internal and SEC investigations related to financial and securities fraud, embezzlement and circumvention of internal controls. Mr. Zambelli’s work has also included the development and review of business plans; financial modeling and projections; cash flow and liquidity analysis; managing treasury operations; claims analysis; operational due diligence; renegotiation of credit facilities; bankruptcy planning; unraveling of complex accounting transactions; asset tracing; and litigation support.

Prior to joining Ankura, Mr. Zambelli was a Senior Director in FTI Consulting’s Forensic and Litigation Consulting practice. Prior to FTI, Mr. Zambelli worked at Zolfo Cooper in their Restructuring practice.

Mr. Zambelli’s recent professional experience includes:

  • SEC Receivership:  Managed the team serving as the financial advisor to the SEC Receiver of the Michael Kenwood Group Receivership which involved unraveling a $700 million Ponzi scheme. This work included managing the operations of the receivership, winding down of the businesses, reconstructing the books and records, unraveling complex transactions, assistance with claw back actions, and claims administration.
  • SDNY Receivership: Assisted the Receiver of a cash management business seized by the government after a $50 million embezzlement was exposed. Managed all aspects of the related bankruptcy proceeding, including winding down of the businesses and the liquidation of assets.
  • Internal Fraud Investigation (PE Company): Led the detailed investigation of a managing partner at a multi-billion-dollar private equity company which resulted in identifying $65 million in misappropriated funds. This work included a detailed review of investment transactions and recommendations for internal control improvements.
  • Internal Fraud Investigation (Manufacturing Company): Led the investigation related to a top executive of a global childcare products manufacturer. This work included interviews, detailed analysis of expense reports and the review of related policies and procedures.
  • Special Committee Investigation: Assisted the investigation in connection with a restructuring of a quick service restaurant chain. This work included interviews of management/key employees and the review of numerous financial projections used to solidify the restructuring negotiations.

Mr. Zambelli holds a Bachelor of Science in Finance from Seton Hall University’s Stillman School of Business.  He is a Certified Fraud Examiner and Certified Insolvency and Restructuring Advisor.  Mr. Zambelli is a member of the Association of Certified Fraud Examiners and a member of the Association of Insolvency and Restructuring Advisors.

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B. Thomas Florence

Senior Managing Director

Ankura Consulting Group

1220 19th St. NW, Suite 700, Washington, 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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Anjula Garg

Senior Managing Director

Ankura Consulting Group

750 Third Avenue, 28th Floor, New York, NY 10017
anjula.garg@ankuraconsulting.com
Main: +1.212.818.1555
Mobile: +1.917.756.9021

Education

JD, Case Western Reserve University School of Law
MSW, University of Pittsburgh School of Social Work
BA, Case Western Reserve University

Certifications

Licensed to practice law in New York
Licensed to practice law in Ohio (inactive)
U.S. Court of Appeals, Second Circuit
U.S. Court of Appeals, Fourth Circuit
U.S. District Court, Eastern District of New York
U.S. District Court, Southern District of New York
U.S. District Court, Northern District of Ohio

Affiliations

American Bar Association
New York State Bar Association
New York City Bar Association

Honors & Awards

Empire State Counsel by the New York State Bar Association

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Anjula Garg is a Senior Managing Director at Ankura Consulting Group based in New York, NY. She has more than 14 years of experience in white collar and corporate criminal matters, commercial litigation, and advisory services. Ms. Garg serves in an advisory capacity in the risk, resilience & geopolitical, regulatory compliance, and investigations & accounting advisory practices, as well as leads the business development, marketing, and branding efforts for the firm.

Prior to joining Ankura, Ms. Garg was a Senior Director at FTI Consulting, where she was a member of the Forensic Accounting & Advisory Services practice in the Forensic & Litigation Consulting segment.  Ms. Garg was with the Anti-Corruption Investigations and Compliance practice, where she assisted with the rebranding, reorganization, and strategic business development initiatives of the team, as well as the relaunch of a web-based, third-party due diligence solution. Prior to joining FTI Consulting, Ms. Garg was a Partner at the law firm of Baker & Hostetler LLP in the White Collar Defense and Corporate Investigations practice.  In addition, Ms. Garg served as an Assistant District Attorney (ADA) in the Queens County District Attorney’s Office.

Ms. Garg’s professional experience includes:

  • Conducted numerous formal and informal investigations on behalf of companies in the financial services, pharmaceutical, and healthcare industries regarding accounting irregularities, conflicts of interest, and regulatory compliance matters.
  • Responded to governmental subpoenas on behalf of corporate clients and represented individuals, private entities, and public companies in connection with criminal and regulatory investigations conducted by the U.S. Department of Justice and U.S. Securities and Exchange Commission, among other regulatory agencies.
  • Advised corporate clients on optimizing internal controls and corporate governance, revising business codes of conduct, and designing policies and procedures to enhance statutory and regulatory compliance.
  • Investigated and made recommendations related to bank compliance during an FDIC examination with sensitivity to bank compliance procedures as well as EEOC and whistleblower laws.
  • Conducted global investigations of and litigation seeking recovery of fraudulent transfers by banks and foreign feeder funds for equitable distribution to defrauded customers filed by the SIPA Trustee in relation to the Madoff Ponzi scheme.
  • Secured dismissal of 73 count state indictment alleging pattern of corrupt activity, money laundering, conspiracy, bribery and perjury.
  • Identified aider and abettor liability associated with revenue recognition fraud in multiple investigations concerning a drug distributor while assisting in the creation of a revenue recognition fraud training program.
  • Conducted an investigation and advised client relating to abidance of trade sanctions and voluntary disclosure to OFAC.
  • Assisted on a ten-week, multi-million dollar products liability and wrongful death trial.
  • Assisted in the litigation of numerous intellectual property cases in federal and state court and an international arbitration dealing with domain name theft, misappropriation of trade secrets, and trademark infringement.
  • As the Baker & Hostetler New York Pro Bono Legal Services Coordinator, represented individuals in civil rights, immigration asylum, death penalty, and divorce and child custody actions.
  • As an ADA, managed felony & misdemeanor caseloads from investigation to trial.
  • As an ADA, handled major felony cases through the Major Case & Career Criminal/Gang Violence & Hate Crimes/ Supreme Court Trial Bureaus Riding Program.

Ms. Garg received a Juris Doctorate from Case Western Reserve University School of Law and a Masters in Social Work from the University of Pittsburgh School of Social Work.  She also earned her Bachelor of Arts and graduated summa cum laude from Case Western Reserve University.  She is licensed to practice law in New York, Ohio, and various federal courts and is a member of the American Bar Association, the New York State Bar Association, and the New York City Bar Association.

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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.

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Kelly Kittrell

Senior Managing Director & Chief Financial Officer, Ankura Holdings, LP

Ankura Consulting Group

16000 Dallas Parkway, Suite 100 Dallas, TX  75248
kelly.kittrell@ankuraconsulting.com
Main: +1.214.200.3695
Mobile: +1.214.662.4855

Education

MBA, University of Texas at Austin
BS, Finance, University of Alabama

Certifications

Chartered Financial Analyst

Affiliations

CFA Institute

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Mr. Kelly Kittrell is a Senior Managing Director and Chief Financial Officer at Ankura Consulting Group in Dallas, Texas.  Mr. Kittrell joined Ankura Consulting Group in March 2015 following more than 30 years of varied experience in finance.  His prior professional services work includes valuation and corporate finance advisory services, including sell-side transaction engagements, as well as litigation services including damages analysis, working with third-party expert witnesses, and preparing attorneys and witnesses for depositions.

Prior to joining Ankura, Mr. Kittrell worked for more than 10 years at a private investment firm, pursuing acquisitions of companies on behalf of the principals. His work included financial analysis and valuation of acquisition candidates, due diligence on the targets and purchase price, contract, and financing negotiations.  During a portfolio company bankruptcy, Mr. Kittrell provided testimony related to the reorganization plan prepared by the debtor

Mr. Kittrell served as a member of the Board of Directors and the Chief Financial Officer of CVSL Inc., a publicly-traded portfolio investment of this private investment firm.  CVSL completed seven acquisitions during his tenure, as well as pursued a public sale of securities through registration statements on Forms S-1 and S-3.  During this time, he responded to numerous questions contained in SEC comment letters regarding the company’s financial and accounting activities, and completed quarterly and annual filings with the SEC.

Previously, Mr. Kittrell worked at Bickel & Brewer, a boutique litigation firm with offices in Dallas and New York, where he analyzed companies in litigation to determine valuations, possible damages, and provided financial insight to attorneys.  He helped identify and then worked with expert witnesses regarding report preparation and testimony.  Mr. Kittrell reviewed opposing expert valuations, financial reports and damage claims to identify inconsistencies and fallacies in their work product.

While at Bank of America, Ernst & Young Financial Advisory Services and KPMG Corporate Finance, he acted as an M&A advisor for clients in the strategy, analysis and sale of client businesses. Mr. Kittrell handled sell-side mandates and valuation assignments. Selected sell-side engagements included the sale of a multi-location automobile retailer to a publicly-traded consolidator, a newspaper publisher to a major metropolitan newspaper parent company, the sale of a food ingredients distribution company to a large, publicly-traded food conglomerate, a physician staffing company, and a cellular telecommunications tower operator.

Mr. Kittrell has performed valuations of numerous going-concern companies, including a major oil and gas pipeline system and a commercial airline.  Valuations have been prepared for numerous purposes including for tax purposes, purchase price allocations, and litigation.

Mr. Kittrell received his Master of Business Administration from the University of Texas at Austin, where he was named a Sord Scholar.  He obtained his Bachelor of Science in Finance at the University of Alabama. He earned the Chartered Financial Analyst designation in 1996.

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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 design, startup and operation of claims settlement facilities.

Mr. Wingo was instrumental in the startup and ongoing claims processing activities for both the General Motors ignition switch matter as well as the Volkswagen emissions settlement. 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 a 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 claims audit practice involves the review of both personal injury exposure data and medical records. The medical portion involves the supervision of physicians – both pulmonologists and pathologists.

Mr. Wingo has testified in an insurance arbitration, a 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 IT 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.

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Mark McGrath

Senior Managing Director

Ankura Consulting Group

1 North Wacker Drive, Suite 2910, Chicago, IL 60606
mark.mcgrath@ankuraconsulting.com
Main: +1.312.466.5631
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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Vincent Mekles

Senior Managing Director

Ankura Consulting Group

750 Third Avenue, 28th Floor, New York, NY 10017
vincent.mekles@ankuraconsulting.com
Main: +1.212.818.1555
Mobile: +1.732.864.5279

Education

BS, The University of Richmond
JD, Rutgers University School of Law

Certifications

Admitted to practice law in the state and federal courts of New York and New Jersey

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Vincent M. Mekles is a Senior Managing Director at Ankura Consulting Group based in New York, NY and Parsippany, NJ.  He has nearly 10 years of experience across the public and private sectors advising executives and senior management on a range of diverse and complex matters. Mr. Mekles has managed the development and implementation of large projects and initiatives, having coordinated New Jersey’s multi-billion dollar response to Hurricane Sandy. Mr. Mekles has also worked as a litigation associate at a top-tier global law firm.

At Ankura, Mr. Mekles evaluates the independent and interdependent environmental, technological, socioeconomic and regulatory risks facing critical facilities, private companies and government agencies.  Based on these risk analyses, Mr. Mekles helps clients develop and oversee the implementation of targeted and practical risk reduction strategies that enhance resilience and maximize return on investment.

Before joining Ankura, Mr. Mekles served as Deputy Executive Director of the New Jersey’s Governor’s Office of Recovery and Rebuilding.  In that role, he was responsible for developing, coordinating and overseeing all aspects of the state’s multi-billion dollar recovery effort that followed Hurricane Sandy, a Presidentially-declared disaster event and the most destructive storm in New Jersey history. Mr. Mekles assisted with identifying storm impacts across the housing, economic, infrastructure, and health and social services sectors and developed programs and projects that layered different funding streams in order to holistically address New Jersey’s recovery needs. Many of the infrastructure initiatives incorporated innovative, cost-effective, compliant and implementable solutions that enhanced resilience of vulnerable assets.

Mr. Mekles also assisted in the development of the New Jersey Energy Resilience Bank, the nation’s first clean energy infrastructure bank focused on financing resilient distributed energy resource technologies at critical facilities.  He also assisted with developing and implementing nearly $2.5 billion of projects to repair and make resilient New Jersey’s transit system, bridges and roadways and other transportation assets, including NJ Transitgrid, a first-of-its-kind transportation microgrid.  Among others, he worked with the U.S. Army Corps of Engineers on more than $1 billion in engineered beaches and flood control projects, the Federal Emergency Management Agency on more than $1 billion in public assistance projects, the U.S. Environmental Protection Agency on a nearly $275 million investment in clean water and drinking water system resilience projects, and the U.S. Department of Housing and Urban Development on more than $2.5 billion in housing reconstruction, elevation and mitigation projects.

Prior to joining the New Jersey Governor’s Office of Recovery and Rebuilding, Mr. Mekles served as a litigation associate at the law firm of Latham & Watkins, LLP.  There, he focused on complex commercial litigations, corporate investigations, and employment and securities matters.  Mr. Mekles directly advised executive leadership and senior managers of various large, publicly-traded and private corporations on governance matters, risk assessments and litigation decisions.  Before his tenure at Latham & Watkins, he had the honor of serving as a law clerk to Justice Jaynee LaVecchia of the New Jersey Supreme Court.

Mr. Mekles received a Bachelor of Arts degree from The University of Richmond and a Juris Doctor from Rutgers Law School.  He is admitted to practice law in federal and state courts in New York and New Jersey.

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Timothy Smith

Senior Managing Director

Ankura Consulting Group

16000 Dallas Parkway, Suite 100, Dallas, TX  75248
tim.smith@ankuraconsulting.com
Main: +1.214.200.3693
Mobile: +1.972.838.6501

Education

Bachelor of Business Administration in Accounting, the University of Oklahoma

Certifications

Accredited in Business Valuation–AICPA
Certified Public Accountant–States of Oklahoma and Texas

Affiliations

American Institute of Certified Public Accountants
American Health Lawyers Association
Health Care Compliance Association
Medical Group Management Association

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Timothy Smith is a Senior Managing Director of Ankura Consulting Group in Dallas, where he manages the firm’s healthcare valuation practice. With over two decades of experience in the healthcare industry, Tim is a nationally recognized thought leader in the area of healthcare compensation valuation and a frequent speaker on healthcare valuation topics at leading industry conferences. His key area of expertise is valuation for healthcare regulatory compliance purposes.

Mr. Smith has been a practicing professional appraiser specializing in the healthcare industry since 2008.  His experience in healthcare valuation includes the appraisal disciplines of compensation and business valuation.  Mr. Smith’s compensation valuation practice focuses on physician compensation for clinical services, medical directorships, call coverage, administrative, and executive services.  It also encompasses various forms of management services arrangements.  His business valuation experience covers a broad range of healthcare provider entities with a focus on the pretransactional determination of fair market value for regulatory compliance purposes.

Prior to 2008, Mr. Smith’s healthcare industry experience included more than 14 years with HCA (Hospital Corporation of America), where he designed and managed HCA’s fair market value compliance program for outside appraisals as part of the company’s corporate integrity agreement.  During his tenure at HCA, he reviewed hundreds of business and compensation appraisals with a focus on healthcare regulatory compliance.  He also negotiated physician practice acquisition and divestiture transactions and served as an ethics and compliance officer.

Mr. Smith’s experience prior to working the healthcare industry included working as a general accounting manager for Hitachi Computer Products, a technology manufacturing company.  He began his career as a staff auditor with Arthur Andersen & Company.

Mr. Smith is the coeditor of the BVR/AHLA Guide to Healthcare Industry Compensation and Valuation, the industry’s leading textbook on healthcare compensation valuation. He served as the co-chair of 2014 Advanced Healthcare Valuation and Consulting Symposium sponsored by the National Association of Certified Valuators and Analysts and the Consultants’ Training Institute (NACVA/CTI). Mr. Smith also served on the planning and teaching committee for the NACVA/CTI healthcare consulting workshop. Mr. Smith holds the certification from the American Institute of Certified Public Accountants (AICPA) and is a licensed CPA. He received a Bachelor of Business Administration degree in accounting from the University of Oklahoma.

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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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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.

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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.

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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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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

1 North Wacker Drive, Floor 2910, 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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Jessica Block

Senior Managing Director

Ankura Consulting Group

1220 M Street NW, Suite 700, Washington DC, 20036
Jessica.Block@ankuraconsulting.com
Mobile: +1.202.679.7954

Education

BA, Yale University

Affiliations

Member, Sedona Conference Working Group on Electronic Document Retention and Production (WG1)

Honors & Awards

Recognized in 2015 by Consulting Magazine as a Rising Star of the Consulting Profession

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Jessica Block is a Senior Managing Director at Ankura Consulting Group based in the Washington, DC office and leads the firm’s data governance practice within the Regulatory & Contractual Compliance group. She has more than a decade of experience helping companies face complex information management challenges. Ms. Block specializes in applying technology to unlock the value of data and decrease the burden of compliance.  Ms. Block has led consulting efforts across the lifecycle of various litigations, arbitrations, investigations and transactions. She also strategizes with key internal and external stakeholders to craft resilient policies and standards in readiness for such events and in support of ongoing business operations.

Ms. Block’s professional experience includes:

  • Multinational Anti-Bribery/Anti-Corruption Investigation: Led a large-scale document review effort for a global pharmaceutical company facing US and international regulatory investigation in multiple jurisdictions. Guided a multidisciplinary team of several dozen professionals supporting the processing and production of multiple terabytes of data. Staffed hundreds of English and foreign language lawyers conducting document review of the millions of files implicated by the production demands of various authorities and investigative needs of the company. Coordinated in-country forensic collection and mobile document review to accommodate restrictions on data movement.
  • Gulf Oil Spill Investigation: Supported a major defendant in litigation and investigation response resulting from event. Led the team responsible for managing data processing, document review workflow development, and multiple terabytes of incoming and outgoing production volumes.
  • SEC/DOJ Investigation: Architected a large-scale data conversion effort to merge legacy eDiscovery databases for a large financial institution responding to SEC and DOJ investigation. Designed and implemented custom process to reduce overlapping email information from various, disparate data sources to minimize the cost of compliance.
  • Multi-District Litigation: Led teams in the acquisition, review, and production of over multiple terabytes of electronically stored information for a large pharmaceutical manufacturer. Supported over 1,200 attorneys reviewing data simultaneously.  Participated alongside counsel in negotiating production format and defending eDiscovery efforts to a court appointed special master.
  • Preferred Partnership: Fostered ongoing preferred eDiscovery provider partnerships with multiple major corporations. Participate in team conferences with inside legal team and outside counsel to implement best practices, data reuse, and efficient working methods. Supported development of centralized playbook for different matter scenarios and data types. Facilitated efficient working methods across a portfolio of hundreds of active matters of varying sizes and complexities. Industries supported include Pharmaceutical, Energy, and Hospitality.
  • Litigation Readiness Exercise for Regional Hospital System: Supported development of comprehensive data risk assessment plan and systems inventory for litigation readiness. Conducted interviews of relevant system owners and document details in formal data map.

Ms. Block has a Bachelor of the Arts degree from Yale University.  She was recognized in 2015 by Consulting Magazine as a Rising Star of the Consulting Profession.

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Robert Mundy

Managing Director

Ankura Consulting Group

1180 West Peachtree Street, Suite 2225, Atlanta, GA 30309
robert.mundy@ankuraconsulting.com
Main: +1.678.412.4227
Mobile: +1.678.735.0432

Education

Bachelor of Science in Accounting, Bob Jones University

Certifications

Certified Public Accountant (CPA)
Accredited in Business Valuation (ABV)
Certified Valuation Analyst (CVA)

Affiliations

American Institute of Certified Public Accountants (Member)
Georgia Society of Certified Public Accountants (Member)
National Association of Certified Valuators and Analysts (Member)

Honors & Awards

2015 AICPA Standing Ovation Award

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Robert Mundy is a Managing Director at Ankura Consulting Group, located in the Atlanta, Georgia office. He has extensive experience in business valuation for a variety of industries, including healthcare, wholesale distribution, retail, manufacturing, and professional services.  Mr. Mundy has more than 15 years of business valuation experience, with the last 10 years focused solely on the healthcare industry.  He has performed valuations for many purposes, including regulatory compliance, mergers and acquisitions, joint ventures, estate and gift tax, financial reporting, divorce proceedings, and shareholder transactions.

Mr. Mundy is a frequent speaker and recognized thought leader in the area of healthcare valuation. His key area of expertise is transactional healthcare valuation for regulatory compliance purposes. He has significant experience in valuing hospitals, ambulatory surgery centers, diagnostic imaging centers, radiation therapy centers, and physician practices. Mr. Mundy authored chapters on healthcare valuation topics in both the Guide to Healthcare Valuation and the Guide to Healthcare Industry Compensation and Valuation published by Business Valuation Resources and the American Health Lawyers Association.

Mr. Mundy’s previous work experience includes serving as a Principal at Pershing Yoakley & Associates, P.C. and Senior Manager at Gates Moore. He also served as Healthcare Valuation Manager for Hill Schwartz Spilker Keller, LLC.

Mr. Mundy has a Bachelor of Science degree in Accounting from Bob Jones University.  He is a Certified Public Accountant and is Accredited in Business Valuation (ABV) by the American Institute of Certified Public Accountants (AICPA).  He also holds the Certified Valuation Analyst (CVA) designation from the National Association of Certified Valuators and Analysts (NACVA).

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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: +1.202.507.5529
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, Iraq, 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 DOJ FCPA monitorship.
  • 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: Led 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 various forensic accounting and technology aspects of the investigation into earnings management at Worldcom Inc.

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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Kayla Nelson

Senior Managing Director

Ankura Consulting Group

1220 19th Street, NW, Suite 700, Washington, DC 20036
kayla.nelson@ankuraconsulting.com
Main: +1.202.797.1111
Mobile: +1.267.324.8159

Education

BA, American Studies, Yale University

Certifications

Certified eDiscovery Specialist (CEDS)

Affiliations

Women in eDiscovery, Association of eDiscovery Specialists

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Kayla Nelson is a Senior Managing Director at Ankura Consulting Group based in the Washington, DC office. She brings with her over a decade of experience in Information Governance and eDiscovery. She started her career overseeing complex eDiscovery matters and today enables companies to manage their data and gain insight into their information through implementing an Information Governance framework. Her experience designing and delivering Information Governance solutions spans Fortune 500 companies, as well as federal and state governments.  Her primary focus is coordinating with stakeholders to establish compliance for regulatory inquiries, prepare for litigation, conduct investigations, and proactively govern data.

Prior to joining Ankura, Ms. Nelson was a Senior Information Governance Architect at Veritas, where she designed technical solutions mapped to clients’ business initiatives. Before Symantec spun off Veritas, she was part of the eDiscovery professional services team.  During that time, Ms. Nelson implemented and delivered complex eDiscovery software and workflow designs for heavily regulated government and corporate clients.

Prior to joining Symantec, Ms. Nelson was a Senior Director at FTI Consulting.  During her time at FTI, she managed large-scale eDiscovery projects including Bernard L. Madoff Investment Securities, multiple product liability cases, and facilitated substantial compliance for second requests.

Ms. Nelson received her Bachelor of Arts degree in American Studies from Yale University in 2003. She is also a Certified eDiscovery Specialist (CEDS).

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Waqas Shahid

Senior Managing Director

Ankura Consulting Group

800 Lanidex Plaza, Suite 210, Parsippany, NJ 07054
waqas.shahid@ankuraconsulting.com
Main: +1.646.291.8546
Office: +1.212.818.1555

Education

JD, Georgetown University Law Center
BS, Computer Science (double major Physics), University of Virginia

Certifications

Certified Information Privacy Professional (CIPP/US)
International Association of Privacy Professionals (IAPP)

Affiliations

DC Bar, Virginia Bar (Inactive)

Languages

Urdu/Hindi (Native)

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Waqas Shahid is a Senior Managing Director at Ankura Consulting Group, located in the Parsippany, New Jersey and New York City offices. He has over 13 years of multi-disciplinary compliance and technology experience, including counseling companies on international trade compliance matters, conducting internal investigations, handling data privacy and security matters, and designing and deploying process automation solutions. As a Senior Attorney at a leading Aerospace and Defense company, Mr. Shahid led numerous trade compliance investigations, conducted enterprise-wide technology systems compliance reviews, and designed and implemented scalable trade compliance solutions. As an attorney at a leading global law firm, Mr. Shahid counseled numerous clients on trade compliance, data security and privacy, environmental, and other pressing legal matters. Mr. Shahid also has extensive experience in developing and deploying scalable process automation software solutions.

Mr. Shahid’s professional experience includes:

  • Trade Compliance Investigations & Reviews – As a Senior Attorney at a leading Defense company, investigated numerous international trade compliance matters, resulting in disclosures to various U.S. government agencies. Also designed and conducted risk-based compliance reviews of enterprise technology systems used to store and share controlled technical data, resulting in compliance enhancements designed to reduce compliance risk.
  • Trade Compliance Program Design – Counseled clients (as outside and internal counsel) on trade compliance program development, including development and deployment of compliance policies, procedures, training, and systems. Personally developed numerous procedures designed to ensure regulatory compliance and reduce risk of compliance escapes.
  • Data Security and Privacy Counseling, Incident Response – Counseled clients (as outside and internal counsel) on various data security and privacy matters, including development of Insider Threat awareness program, compliance with Department of Defense cyber security incident reporting requirements, and multi-jurisdictional responses to data security breaches.
  • Consumer Protection Counseling, Litigation – Counseled technology clients on compliance with, and handled litigation regarding, various consumer protection laws and regulations, including the Federal Trade Commission Act and the Controlling the Assault of Non-Solicited Pornography And Marketing (CAN-SPAM) Act.
  • Environmental Compliance – Counseled clients on compliance with federal, state and local environmental laws and regulations. Developed regulatory compliance manuals for nation-wide use by affiliates of a major automotive company dealing with a significant automotive recall.
  • Software Development, Process Automation – Developed and deployed process automation software solutions for federal government agencies and international financial institutions.

Mr. Shahid received his Juris Doctor degree (cum laude) from the Georgetown University Law Center, where he served as an Executive Editor on the Journal of International Law. Mr. Shahid received his Bachelor of Science (with High Distinction) in Computer Science and Physics from the University of Virginia. Mr. Shahid is a member of the bars of the District of Columbia and the Commonwealth of Virginia (inactive), and is also a Certified Information Privacy Professional (CIPP/US).

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Randall H. Cook

Senior Managing Director

Ankura Consulting Group

800 Lanidex Plaza, Suite 210, Parsippany, NJ 07054
randy.cook@ankuraconsulting.com
Main: +1.646.291.8545
Office: +1.212.818.1555
Mobile: +1.203.521.1856

Education

JD, Duke University School of Law
MA, International Relations, Duke University
BSFS, Georgetown University

Affiliations

American Bar Association
Bar Admissions: CT, NJ, NY

Honors & Awards

United Technologies Corporation Performance Impact Award

Languages

German (spoken and reading proficiency)

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Randall Cook is a Senior Managing Director at Ankura Consulting Group, located in the Parsippany and New York offices. He has more than 18 years of experience conducting complex investigations and audits; leading and advising organizations engaged with critical operational and compliance challenges; and designing and delivering high-performance, persistent, integrated risk mitigation solutions.

Prior to Ankura, Mr. Cook was Senior Counsel for two Fortune 50 defense technology companies, where he built and led global investigations and compliance programs focused on consistent, process-based risk analysis, engagement, and mitigation. These programs were a critical enabler for the companies’ successful navigation of consent agreements with the United States Department of State.

Mr. Cook was also an Assistant United States Attorney in the federal district of New Jersey, where he prosecuted numerous complex crimes while serving as the Anti-Money Laundering District Coordinator for the Organized Crime and Drug Enforcement Task Force and as District Coordinator for Counterproliferation Initiatives. In addition to this, as an attorney for Covington & Burling LLP in Washington, DC, he provided counsel and advocated for clients in multiple industries confronting complex regulatory issues.

Mr. Cook also has served in the United States Army and Army Reserve as an Infantry Officer, Battalion Executive Officer, Company Commander, and Inspector General. He is currently assigned as an instructor in the Combined Arms and General Staff College, where he teaches strategy and operational design to Army field grade officers.

Mr. Cook’s professional experience includes:

  • Senior Counsel and Empowered Official – He built a compliance, investigation, and audit program specifically cited by State Department regulators as “best in the industry” and led over 250 investigations with 100% success in resolution without enforcement action. Mr. Cook reduced Outside Counsel fees by over 90% (from $30 million to less than $2 million/annum) over a two-year period. He also designed and implemented data-driven, process-based, automated compliance solutions and advised on and led mitigation of complex operational and regulatory risks.
  • Assistant U.S. Attorney – He was the lead federal prosecutor on over 100 cases involving trade controls, sanctions, government contracts; fraud, computer crimes, money laundering, bank and tax fraud, narcotics, war crimes, and terrorism. Mr. Cook tried 5 cases to verdict, prepared 10 cases to within weeks of trial, and drafted and argued dozens of motions. He also interviewed and prepared hundreds of targets, subjects, and witnesses.
  • Law Firm Attorney – Mr. Cook’s practice was focused on government/congressional/internal investigations, intellectual property, trade controls, Exon-Florio, public integrity, anti-corruption, anti-fraud, election law, and white collar defense for defense, policy, financial services, logistics, pharmaceutical, and technology clients.
  • Federal Judicial Clerk – He provided counsel and assisted in deciding and drafting opinions for a judge on the United States Court of Appeals for the Armed Forces.
  • Major, United States Army and Army Reserve – As an inspector general, Mr. Cook conducted federal whistle blower and contract fraud investigations, and designed and executed organizational audits. As an Infantry Battalion Executive Officer, Task Force Operations Officer, and company commander, he provided mission-critical leadership, planning, coordination, and decision-making during multiple international deployments and domestic disaster contingencies.

Mr. Cook earned a Juris Doctorate and graduated magna cum laude from Duke University School of Law. He also received a Masters of Arts in International Relations from Duke University and a Bachelors of Science from Georgetown University’s School of Foreign Service. Mr. Cook was an Honor Graduate of the United States Army Inspector General School and he has completed numerous Army and Defense service schools. He currently teaches strategy, operational design, and organizational change at the United States Army’s Reserve Officer Command and General Staff College. Mr. Cook has lectured and appeared on numerous panels at universities, industry events, and corporate seminars on the topics of compliance, strategy, and policy.

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Chris Rowland

Senior Managing Director

Ankura Consulting Group

16000 Dallas Parkway, Suite 100, Dallas TX 75248
chris.rowland@ankuraconsulting.com
Main: +1.214.200.3692
Mobile: +1.917.399.0550

Education

BBA, Pace University

Certifications

Certified Public Accountant
Certified Anti-Money Laundering Specialist
FINRA Series 27 (Financial and Operations Principal)*
FINRA Series 24 (General Securities Principal)*
FINRA Series 7 (General Securities Representative)*

*Registrations are not currently active

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Chris Rowland is a Senior Managing Director at Ankura Consulting Group, based in the Dallas, Texas office. Chris has over 25 years of executive leadership experience in the financial services industry, having worked in capital markets, private banking, and correspondent banking environments. He has specialized in managing regulatory remediation and has a strong background in bank compliance AML programs that include governance, risk assessment, transaction monitoring, and sanctions. In addition, he has managed numerous investigations for large international financial organizations. Chris has managed complex regulatory turnaround programs as both a bank executive and as a consultant.

Mr. Rowland’s professional experience includes:

  • Global Correspondent Bank (consultant) – Served as Chief Operating Officer of Financial Crimes Compliance. Managed critical aspects of the BSA remediation program, including AML Risk Assessment, detection scenario analysis, tuning and testing, case investigations and SAR preparation, lookback quality control, and AML reporting metrics.
  • Hedge Fund Fraud and AML investigation (consultant) – Managed the money laundering investigation and related forensic accounting practice. Served as the regulatory subject matter expert and assisted in numerous FINRA violation assessments.
  • Global Financial Services Bank (consultant) – Served as Regulatory engagement lead focused on critical consent order items, mortgage foreclosure review, risk reporting, and controls.
  • Global Private Bank – Served as Regional Chief Operating Officer of Private Banking. Responsibilities include client advisory, products, operations, finance, technology, legal, and compliance. Accomplishments include regulatory and compliance upgrades resulting in significant improvement in Federal Reserve audit rating, a comprehensive anti-money laundering program, client due diligence, and Know Your Customer program and suitability monitoring and controls. Implemented risk management program to create governance oversight across all functions and established risk metrics and reporting. Responsible for the acquisition of two private bank divisions, including due diligence activities and integration.
  • Managed product offering of discretionary and non-discretionary products and expansion of the lending platform.
  • Global Financial Services Bank – Served as Global Head of Operations. Managed operational support for capital markets trading, correspondent banking unit, and mortgage servicing. The capital markets activities included derivatives (options and swaps), equities, fixed income, and foreign exchange in North America, Europe, and Asia. The substantial scope of capital markets responsibilities provided support for valuation, settlement, accounting, and risk control for all products. Mortgage servicing units supported residential and corporate lending.

Mr. Rowland received his Bachelor of Business Administration from Pace University. He is a Certified Public Accountant, Certified Anti-Money Laundering Specialist, and has received FINRA Series 27, 24, and 7 certificates.

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Vince D'Amelio

Vincent D’Amelio

Senior Managing Director

Ankura Consulting Group

750 Third Avenue, 28th Floor, New York, NY 10017
vince.damelio@ankuraconsulting.com
Main: +1.212.818.1555
Mobile: +1.917.860.8947

Education

BA, Queens College – CUNY

Certifications

Certified Public Accountant – New York State

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Vince D’Amelio is a Senior Managing Director at Ankura Consulting Group, located in the New York Office. He had extensive experience in the area of Regulatory Compliance including Anti-Money Laundering, Bank Secrecy Act and the Foreign Corrupt Practices Act. Mr. D’Amelio has led numerous forensic accounting investigations involving the misapplication of Generally Accepted Accounting Principles and the misappropriation of assets. He has been recognized as an expert in forensic accounting and fidelity claims in both state and federal courts. Vince began his career in the government serving as a regulator in the Insurance industry and later as a Senior Financial Investigator in the New York County District Attorney’s Office.

Mr. D’Amelio has experience leading a Historical Transaction Review (also referred to as a “Lookback”), for which he led a team of over 200 investigative professionals, responsible for analyzing over 1.5 billion banking transactions to determine if Suspicious Activity Reports were necessary. He also has experience in high level data analytics; he led a team of 10 professionals assisting the SIPC Trustee of the Bernard Madoff Estate by applying advanced data analytic and visualization tools.

Additionally, Mr. D’Amelio served as the primary on-site day-to-day point of contact for the 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. In this capacity, he led a team of over 100 personnel at Ground Zero 24 hours a day, seven days a week.

As a result of an investigation by the US Trustee, Mr. D’Amelio led a team of over 20 professionals that reconstructed a bank’s servicing practices related to mortgage customers in bankruptcy. He has also worked with the SEC, leading an investigation restatement of a publicly traded equipment rental company’s financial statements. The accounting issues included purchase accounting, sale and lease back transactions and liability reserves.

Mr. D’Amelio has experience testifying in court. As the leader of the investigation and restatement at an online employment recruiting web site regarding the backdating of stock options, he was called as witness for the prosecution in the criminal trial of the COO, related to the SDNY Investigation and Restatement.

Mr. D’Amelio has also served as the lead forensic accountant to the Trustee in Bankruptcy relating to the Agape World Ponzi scheme in the EDNY. Additionally, he has investigated the misappropriation of partnership assets, theft and diversion of assets by a managing partner of a distressed asset work out fund. Mr. D’Amelio has additional experience leading a multinational investigation of alleged violations of the FCPA in Saigon and Kuala Lumpur on behalf of an international hospitality company. He has also investigated violations of the FCPA in Manilla on behalf of an international construction firm.

As the Director of Forensic Accounting at AIG in their Fidelity Claim Department, Mr. D’Amelio was responsible for all forensic accounting aspects of all domestic and international fidelity claims. He has also investigated and prepared Proof of Loss forms for insureds for filing against their Fidelity and Employee Dishonesty policies. Mr. D’Amelio has also led numerous court-ordered monitorships of organized crime influenced companies and unions in the construction and private carting industries.

Mr. D’Amelio has a Bachelor’s of Arts Degree from Queens College – CUNY, and is a Certified Public Accountant licensed to practice in New York State. He has served as an Adjunct Professor in Forensic Accounting at New York University and St. John’s University.

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Luke Tenery

Senior Managing Director

Ankura Consulting Group

1 North Wacker Drive, Suite 2910, Chicago, IL 60606
luke.tenery@ankuraconsulting.com
Main: +1.312.466.5746
Mobile: +1.224.277.4147

Education

BS, Information Systems Management, David Lipscomb University

Certifications

Certified Information Systems Security Professional (CISSP)
Certified Information Systems Manager (CISM)
Global Information and Assurance Certified (GIAC) Penetration Tester (GPEN)
Network Plus Engineer (N+)

Affiliations

International Information Systems Security Certification Consortium (ISC2)
Information System Security Association (ISSA)
Information Systems Audit and Control Association (ISACA)
Association of Information Technology Professionals (AITP)

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Luke Tenery is a Senior Managing Director and the Cybersecurity Practice Leader at Ankura Consulting Group, located in the Chicago, IL office. He has more than 15 years of experience in handling complex cyber issues covering investigations and forensics, data privacy and security, and security management. Mr. Tenery has an extensive background in leading cyber incident response and investigations into a wide array of active and emergent cybersecurity threats while leveraging industry best practices and relevant threat intelligence capabilities. He also has extensive experience in applying cybersecurity risk management leadership in threat and incident management, cybersecurity operations, security policy development, and IT project management and implementation, among others.

Prior to joining Ankura, Mr. Tenery served at a global risk management and investigations firm where he most recently rose to deputy cyber practice leader, as well as leading another cyber practice group covering incident response. He was regularly called upon to mitigate complex computer intrusion and breach matters through investigation and to devise strategies to contain and eradicate threats in client networks and systems. Mr. Tenery was also responsible for aligning and developing practice capabilities and offerings to respond to and mitigate current and emergent cyber risks and threats.

In addition to his deep leadership experience in cyber incident response and investigations, Mr. Tenery led many significant matters covering cyber risk management and information security management. Among several achieved industry leading certifications, Mr. Tenery is a certified network penetration tester where he was regularly engaged to ethically compromise the security of client systems and simulate attacker computer intrusion activities. Further, he proactively assisted clients in incident and breach preparedness exercises such as table top exercises and specialized security awareness training. Mr. Tenery regularly applied information security leadership functions for his clients, conducting risk assessments, compliance and security standard reviews (PCI-DSS, ISO, NIST, GLBA, FFIEC), GAP analyses, and security policy development, among others.

Some of the more notable information risk management engagements included threat identification and compromise assessments highlighting active or previously unidentified computer intrusions or threat actors on client systems. In his prior role, Mr. Tenery developed the primary methodologies and delivery capabilities for the execution of these compromise assessments on a global basis.

Through his experience, Mr. Tenery has been privileged to manage a variety of highly sensitive cybersecurity risks associated with a myriad of threats. Some of his more notable engagements include the following:

  • Persistent Threat Investigation – A global company had been compromised by a foreign attacker. Mr. Tenery identified the tactics, techniques and procedures (TTPs) that the attacker used to ex-filtrate data and quantify what data was exposed. Mr. Tenery also identified the indicators of compromise (IOCs) so the client could continue its containment efforts to lockout the attacker.
  • Organized Crime Attack – FIN4 Bio-Pharma – Mr. Tenery identified the organized crime group FIN4 in a bio-pharma’s Cloud environment. The attacker was successfully identified and removed while also determining what data was affected.
  • Payment Card Incidents – While previously certified as a QSA, Mr. Tenery was regularly sought out on a privileged basis to assist clients in responding to payment card breach matters by identifying various payment card information theft methods including point of sale (POS) memory scraping malware and e-commerce system compromise. Mr. Tenery’s analyses would confirm the timeline of compromise and advise on containment strategy.
  • Global Risk Assessment and Intellectual Property Protection – Mr. Tenery assisted a global energy firm in assessing the risks of sending critical intellectual property (IP) out to third parties in developing countries. Following the risk assessment, he developed a security policy for protecting the IP and then conducted global audits of the vendors receiving the IP to ensure compliance with the IP protection security policy.
  • Targeted Destructive Cyber Attacks – Mr. Tenery has responded to a wide array of targeted cyber-attacks including ransomware and cyber extortion. He has assisted firms in containing malware and ransomware incidents by confirming the damage, assisting in the recovery, and mitigating the infection.
  • Data Breach Analysis – Mr. Tenery has assisted in the quantification of a variety of data breach exposures. He assisted a firm that had a secure file transfer site containing patient information exposed to the Internet. He assisted in confirming what information was accessed and crawled by public search engines.
  • White Collar Intellectual Property Theft – Mr. Tenery assisted a global engineering firm in investigating the theft of source code. Mr. Tenery conducted forensics on digital evidence to identify the transference of the source code to removable media by third party contractors.
  • Root Cause Analysis – Mr. Tenery has investigated the cause and source of systems outages including denial service attacks and failures of critical IT infrastructure devices.
  • Third-Party Unauthorized Access – Mr. Tenery has been regularly engaged to audit and assess the impact of access by third parties to client systems as a result of government inquiry, threat intelligence or contract disputes.

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Prashant Lamba

Managing Director

Ankura Consulting Group

1220 19th Street NW, Suite 700, Washington DC 20036
prashant.lamba@ankuraconsulting.com
Main: +1.301.785.1093
Mobile: +1.301.785.1093

Education

MBA, Darden Graduate School of Business Administration
M.Eng. in Computer Engineering, University of Maryland College Park
B.Eng. in Electronics and Telecommunications, Pune University, India

Languages

Hindi

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Prashant Lamba is a Managing Director at Ankura Consulting Group based in Washington, DC. Mr. Lamba has 14 years of success in program management, product engineering, consulting, strategy and technology. He has extensive experience in building and leading large cross-functional teams globally to define product strategies, build roadmaps and deliver systems. He is skilled in assessing, conceptualizing, developing, and implementing complex systems, and partnering with business leaders, clients and vendors.

Mr. Lamba led the Product Strategy and Management teams for a healthcare-billing product at Oracle. At Oracle, he defined and launched a new product line into healthcare vertical, in which he analyzed the customers’ needs and the competitive landscape and drove the product development. He worked very closely with the professional services; marketing and sales teams, to develop a go-to-market strategy.

Prior to his work at Oracle, Mr. Lamba worked with Sapient Nitro providing consulting services to retail and telecommunication clients. In this role, he led the strategy and implementation of various e-commerce, analytics fulfillment and Machine-to-Machine projects for fortune 500 clients. He also has strong experience in the field of predictive analytics – Recommendation engine, Clustering and Classification. He has helped clients to get meaningful insights from their massive unstructured data.

Mr. Lamba is a seasoned entrepreneur and has started entrepreneurial ventures in the e-commerce space – establishing a localized e-commerce solution (prodzer.com) for the fragmented Indian retail market. He grew this venture within two cities, boarding almost 250 vendors and achieved 100% month-month vendor growth rate.

Mr. Lamba received a Master of Business Administration (MBA) Degree from the Darden School Of Business, University of Virginia, a Master of Engineering from University of Maryland, College Park and a Bachelor of Engineering Degree in Electronics & Telecommunication from Pune University, India.

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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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Richard M. Cameron

Senior Managing Director

Ankura Consulting Group

1 North Wacker Drive, Suite 2910, Chicago, IL 60606
100 Chesterfield Business Parkway, Suite 200, Chesterfield, MO 63005
richard.cameron@ankuraconsulting.com
Main: +1.636.681.1316
Mobile: +1.314.308.4986

Education

CMPE, American College of Medical Practice Executives
MHSA, University of Michigan
BS, Management, Oakland University

Affiliations

Member, American College of Healthcare Executives
Member, Healthcare Financial Management Association
Member, Health Care Compliance Association
Member, Medical Group Management Association

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Richard Cameron is a Senior Managing Director of Ankura Consulting Group affiliated with the Chicago, IL office but based near St. Louis, MO. He is a recognized leader in the physician services profession with more than 40 years of experience advising and improving physician engagement and practice performance. His scope of work today includes physician/health system affiliations and integration; physician compensation design services; strategic business planning supporting physician engagement needs and services; and physician practice performance improvement services. Mr. Cameron has leveraged his experience to help organizations with revenues in excess of $300 million solve complex problems with innovative solutions.

Throughout his career, Mr. Cameron has completed numerous engagements involving physician/hospital integration, strategic physician business planning, medical group integration/expansion, physician compensation design and FMV opinions, performance improvement assessments, reorganizations, and interim management for national and regional health systems, community hospitals, hospital employed and independent physician groups, PHOs, and MSOs along with many of the nation’s top legal firms.

Mr. Cameron also has ten years of experience dedicated to physician practice management, including serving as Executive Director for a large multi-specialty physician group in Ohio and Associate Administrator for Henry Ford Medical Group in Detroit, one of the largest vertically integrated health systems in the country. Additionally, he has experience building and operating primary care networks, integrated delivery systems and managed care services as Vice President and Regional Vice President for CoreSource and CNA Insurance in Chicago.

Mr. Cameron has seventeen years of health system executive experience as Senior Associate Administrator of Henry Ford Hospital in Detroit and President/CEO of Community Hospital in Anderson, Indiana.

Mr. Cameron has completed numerous national and regional speaking engagements and articles on physician/hospital strategy/integration, physician compensation design, and physician compensation FMV.

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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.

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Steven E. Richards, CPA

Senior Managing Director

Ankura Consulting Group

1220 19th Street NW, Suite 700, Washington DC 20036
steven.richards@ankuraconsulting.com
Main: +1.202.507.6941
Mobile: +1.202.412.6685

Education

BA, Accounting, Washington & Jefferson College

Certifications

Certified Public Accountant

Affiliations

American Institute of Certified Public Accountants
Pennsylvania Institute of Certified Public Accountants
Association of Securities and Exchange Commission Alumni

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Steven E. Richards is a Senior Managing Director at Ankura Consulting Group, located in the Washington, DC office. He has over 20 years of experience involving internal and forensic accounting investigations and analysis, issues surrounding Generally Accepted Accounting Principles (GAAP) and auditing matters. He has extensive litigation consulting, complex data analysis, forensic accounting, and auditing expertise. Prior to joining Ankura, Mr. Richards was a Partner at Deloitte LLP in the Forensic Advisory practice as well as a Senior Advisory Partner to Deloitte Leadership and Office of General Counsel relating to Audit Regulation and Public Policy. He has served as a regulator at both the US Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB), where he was a Special Advisor to the Chairman and Senior Advisor to the Director of the Division of Enforcement and Investigations.

Before joining the PCAOB, Mr. Richards was a Managing Director at FTI Consulting, Inc. (FTI), where among other high-profile investigations, he managed a multidisciplinary investigative team of professionals and forensic accountants in support of the Securities Investor Protection Act Trustee and his counsel on the seminal Bernard L. Madoff Investment Securities matter. Prior to this role, Mr. Richards was an Assistant Chief Accountant in the SEC’s Enforcement Division, where he performed numerous financial and accounting fraud investigations involving SEC registrant’s senior executives, external auditors, and other third parties. He has deep expertise with respect to actions brought against accounting and auditing professionals pursuant to both SEC and PCAOB rules. Before joining the SEC, Mr. Richards was a Manager with FTI where, among other investigations, he managed a forensic accounting investigation team in a nine-month investigation of accounting and reporting issues at Freddie Mac. Prior to this role, he was an auditor with Arthur Andersen LLP.

During the course of his work, Mr. Richards has appeared before the US Senate Committee on Banking, Housing, and Urban Affairs; US House Committee on Financial Services; SEC; Federal Bureau of Investigations; US District Attorney’s Office, and the Office of Federal Housing Enterprise Oversight (OFHEO). He also has worked with regulators from the PCAOB, SEC, Commodities Future Trading Commission, Financial Industry Regulatory Authority, Ontario Securities Commission, and the Royal Canadian Mounted Police.

Mr. Richards has assisted in a variety of investigations, working with both internal and outside counsel in representing Boards of Directors, Special Committees, and senior management. These complex investigations have involved financial restatements, Section 10A examinations, and whistleblower allegations regarding revenue recognition (including premature revenue recognition practices such as revenue recognition where risk of loss had not passed to the customer, channel stuffing and bill & hold transactions), derivative financial instruments, securitizations, vendor allowances, inventory accounting, as well as other issues around the interpretation and application of GAAP.

Mr. Richards excels in assisting counsel in interpreting and communicating the results of investigations to regulators, with a particular focus on simplifying the technical aspects of accounting and auditing and presenting them in understandable terms.

Mr. Richards Experience includes

Public Sector

  • Advisor to the PCAOB’s Director of the Division of Enforcement and Investigations, advised on all aspects of policy and operations for the Enforcement program, including coordination with other domestic financial regulators, Division-wide initiatives, and Division priorities.
  • Advisor to the PCAOB Chairman on policy and operations for all aspects of PCAOB oversight, including the Enforcement program, adjudication proceedings, standard setting, evolution of the domestic and international inspections program, development of the broker-dealer inspection program, and risk analysis.
  • Assistant Chief Accountant—US Securities and Exchange Commission, Division of Enforcement
  • Led the accounting and auditing aspects of regulatory investigations into possible violations of the federal securities laws at several Fortune 100 companies, which led to fraud charges and nearly $500 million in sanctions to be returned to investors.
    • Identified multiple financial statement errors related to accounting for derivatives and revenue recognition that led to restatement and several financial reporting revisions at a “Dow 30” issuer, culminating in accounting fraud charges and a $50 million settlement.
    • Led all financial reporting and accounting elements of the investigation into financial irregularities in a Fortune 50 financial institution’s accounting for derivative financial instruments under FAS 133, resulting in a restatement of its hedge accounting and reduced previously reported net income by more than $11 billion, culminating in accounting fraud charges and a $400 million settlement.
    • Conducted investigation into revenue recognition, including channel stuffing, bill & hold transactions, among other premature revenue recognition practices, as well as “cookie jar” reserve issues, including GAAP and Financial Statement Disclosure analysis, at one of the largest public issuers in Canada. The investigation culminated in accounting fraud charges and a $35 million settlement.
    • Led all financial reporting and accounting elements of an investigation into violations antifraud, periodic reporting, record keeping, internal controls, and lying to the auditors provision to the federal securities laws for premature revenue recognition practices at a manufacturer and distributor of parts and accessories for mobile technology products. The investigation led to fraud charges against the Chief Executive Officer, Chief Financial Officer and Vice President of Sales.
  • Oversaw numerous investigations into possible violations of auditing standards at several multinational audit firms.
  • Assisted in the coordinated of multi-jurisdictional investigations with both domestic (Department of Justice, Public Company Accounting Oversight Board and U.S. Attorney Office) and foreign financial regulators including the Ontario Securities Commission, and the Royal Canadian Mounted Police.

Private Sector

  • Advisor to Deloitte Touché Tohmatsu Limited’s (“Deloitte Global”) Regulatory and Office of General Counsel advising on aspects of Government, Regulatory and Professional Matters involving the audit practice. In this role, he advised on audit regulatory issues involving public policy, inspection, standards, rules, litigation and enforcement matters involving the PCAOB, SEC and other foreign audit and securities regulators.
  • Advisor to Deloitte and Touché LLP’s (“Deloitte US”) Regulatory and Office of General Counsel advising on aspects of Government, Regulatory and Professional Matters involving the audit practice. In this role, he advised on audit regulatory issues involving public policy, inspection, standards, rules, litigation and enforcement matters involving the PCAOB, SEC and other foreign audit and securities regulators.
  • Led a team of more than 20 forensic professionals in an internal investigation into a large public pharmaceutical company relating to allegations of undisclosed relationships, financial reporting and disclosure violations and the use of an undisclosed affiliate to accelerate revenue recognition. Investigation led to restatement of financial statements and replacement of three executives.
  • Assisted counsel in the representation of a public global manufacturer and marketer of colors, flavors and fragrances in an SEC enforcement inquiry relating to the accounting and disclosure of restructuring cost and non-GAAP measures.
  • Assisted counsel in the representation of a Chief Executive Officer of a technology and data measurement company related to whistleblower allegations around accounting and disclosure issues.
  • Managed a multidisciplinary investigation team retained by the Securities Investor Protection Act Trustee for the global liquidation of Bernard L. Madoff Investment Securities LLC, one of the largest financial frauds in US history. Oversaw the forensic investigation and data analysis work streams, including the supervision of forensic accountants, economists, market structure experts, and data analysts.
  • Led a team of forensic professionals that conducted an internal investigation into a public water purification company relating to potential fraudulent revenue recognition and variable-interest entities. Investigation led to restatement of financial statements and a subsequent SEC enforcement action against the company and two executives.
  • Led a team of forensic professionals in an internal investigation into a public animal health products and pharmaceutical company relating to irregularities in revenue recognition, including allegations of channel stuffing and bill & hold transactions. Investigation led to a restatement of financial statements and a subsequent SEC enforcement action against the company and five executives.
  • Led a team of more than 15 professionals in a nine-month investigation of accounting and reporting issues at Freddie Mac relating to derivatives, securitizations, and other structured financial instruments.
  • Briefed the staff of governmental entities investigating Freddie Mac, including the US Senate Committee on Banking, Housing, and Urban Affairs; US House Committee on Financial Services; OFHEO, and the SEC.
  • Led an internal investigation into a public issuer body armor manufacturer on behalf of the audit committee focused on the existence of undisclosed personal expenses of senior management, revenue recognition, and related-party loan transactions.
  • Led internal investigation, on behalf of Reinsurance Company, into $80 million fraud relating to misappropriated policy premiums by sub-insurer. The investigation involved tracing significant flows of funds among many different financial institutions and related entities. Conducted briefings for the Federal Bureau of Investigations and other law enforcement agencies on findings, which assisted in to the conviction of the principal of the sub-insurer and identification of funds for recovery.
  • Provided accounting and auditing services to clients operating in a wide range of industries, including technology, hospitality, and manufacturing.
  • Researched and resolved a broad range of complex accounting, auditing, and financial reporting issues. Developed expert knowledge of GAAP accounting and reporting, SEC reporting, PCAOB rules and standards, Generally Accepted Auditing Standards, and internal controls analysis.

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Jim Goldmann

Managing Director

Ankura Consulting Group

16000 Dallas Parkway, Suite 100 Dallas, TX  75248
james.goldmann@ankuraconsulting.com
Mobile: +1.817.247.2150

Education

MHA, Washington University School of Medicine
AB, Biology, Harvard University

Affiliations

Former Fellow, American College of Healthcare Executives

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Jim Goldmann serves as a Managing Director with Ankura Consulting Group, located in the Dallas, TX office. He resides in the Healthcare practice inside the Regulatory & Contractual Compliance practice. He has supported health care clients for over forty years in both consulting and management roles. Mr. Goldmann assists clients with management of the physician enterprise including: Strategy and Organization Development, Physician/Hospital transactions and financial assessment, and Physician Compensation Planning.

Mr. Goldmann’s professional experiences include:

  • Value-based Compensation Transformation – Redesigned the physician compensation plan for the 120 physician primary care group affiliated with a Harvard teaching hospital incorporating quality, panel size, and patient satisfaction into performance expectations.
  • Oncology Service Line Development – Assisted a major Texas health system to align its outpatient oncology practices utilizing a large, independent oncology practice as the management partner.
  • Orthopedic Service Line Development – Led the development of an orthopedic service line strategy for a two hospital system serving Connecticut and Rhode Island.
  • Academically-based Clinically Integrated Network Development – Led the creation of a clinically integrated network uniting 5 large private groups across a broad geography with a university-based faculty in Utah for the purpose of joint contracting.
  • Value-based Payer Alignment – Assisted a Southern Massachusetts health system to determine the best contracting organization affiliate in order to maximize reimbursement and performance in a progressive, market-driven payer climate
  • Clinically Integrated Network Development – Led the initiative to create a clinically integrated network for a nationally affiliated health system in Central Texas
  • Development of the Physician Enterprise – Assisted a two hospital health system in New Jersey, a health system in Connecticut, and a public system in Hawaii to develop their physician entity including governance, management, practice acquisition, performance management, and compensation development.
  • Creation of a Cardiac Co-Management program – Led the effort to substantially partner independent and employed physicians in a 4 hospital SW Florida health system with their cardiologists and cardiothoracic surgeons and create a strategy to improve market performance and quality.
  • Enhancement of a Cardiac Service Line – assisted a two hospital health system in SW Florida to acquire the cardiology practices in their market and bind them together in a group serving as the first group executive for 9 months.
  • Physician Practice Turnarounds – Served as the interim CEO for a Cardiology/Cardiothoracic surgery practice grow the group by 40% and improving collection by 20%/MD. Served as interim CEO for a nationally recognized oncology practice putting them on solid financial footing and saving them from bankruptcy.
  • Other Consulting Experience – multiple hospital strategy and restructuring projects, medical school contract negotiations, physician group rollups, clinical performance improvement projects.
  • Mr. Goldmann served as the Chief Operating Officer for Children’s Medical Center of Dallas
  • He has also served as a hospital CEO and CIO

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Ted Theisen

Senior Managing Director

Ankura Consulting Group

1220 19th Street NW, Suite 700, Washington DC 20036
theodore.theisen@ankuraconsulting.com
Mobile: +1.571.328.1531

Education

New Agent Training, FBI Academy – Quantico, Virginia, 2004
BS, Biology, University of Nebraska at Omaha

Certifications

Certified Radiological Worker 2, US Department of Energy, 2007-2010
FBI Hazardous Materials Response Team – investigated chemical, biological and radiological threats, 2005-2010
MCSE and MCP+I Certified, January 2000

Affiliations

Society of Former Special Agents of the FBI

Honors & Awards

US Attorney Award, District of Delaware – contributions to Internet Crimes Against Children, 2010
Dedicated service award for contributions to the Terrorist Screening Operations Unit (TSOU), 2008
Exemplary service award for achievements at National Joint Terrorism Task Force (NJTTF), 2006

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Ted Theisen is a Senior Managing Director within the Cybersecurity Practice at Ankura Consulting Group, located in the Washington, DC office. He has more than 17 years of experience in information technology including designing information security programs, responding to complicated cyber incidents, and enhancing information security. Mr. Theisen has significant investigative experience leading numerous highly technical and complicated cyber incidents requiring the direction of multi-discipline and multi-national collaboration resulting in efficient and effective results.

Prior to joining Ankura, Mr. Theisen served as a Managing Director at an international litigation support firm where he developed and built a cyber-risk division including services such as incident response, risk assessments, as well as managed security services. He was directly responsible for overseeing all data breach matters and ensured a rapid response, adequate preservation of evidence, and ultimately identified the root cause of all breaches, as well as any exfiltrated, compromised, or exposed intellectual property.

In addition to his contributions in the private sector, Mr. Theisen also has notable government service. He served as a Special Agent in the Federal Bureau of Investigation where he investigated cyber related matters for the duration of his tenure, which included computer intrusions, cyber counterintelligence, and cyber counterterrorism matters. Mr. Theisen also served as the Branch Chief of Cyber Integrity for one year at the Executive Office of the President where he provided information risk management, information assurance, and eDiscovery leadership to The White House, Executive Residence, Office of the Vice President, and all other peripheral entities of the White House.

Notable Investigations that Mr. Theisen has conducted:

  • Cyber Extortion of a Scientific Company – A global company was threatened by an unknown subject with releasing intellectual property to the public unless a ransom was paid. Mr. Theisen lead a team of investigators to identify exposed data within the company, potential exfiltration vectors, and vulnerabilities that fostered unauthorized access
  • Cyber Domestic Terrorism Investigation – A US based food company was threatened by a domestic terrorism organization over the Internet. Mr. Theisen lead the investigation to successful attribution to the attacker and subsequent arrest
  • Insider Threat Investigation of a Financial Institution – A US based financial institution suspected escalation of privileges by a system administrator. Mr. Theisen was able to lead a team to surreptitiously identify unauthorized activity of the main subject of the investigation with minimal interruption to business functionality
  • Data Breach of Health Care Facility – A large US based health care system suffered a breach of Protected Health Information (PHI). Mr. Theisen lead the team to identify exposed data as well as the vector of compromise.
  • Amerithrax Investigation – Mr. Theisen served on a large team of special agents that responded to the residence of Dr. Bruce Ivans, as well as his laboratory at United States Army Medical Research Institute of Infectious Disease (USAMRIID) ensuring ample preservation of evidence in a volatile environment
  • Numerous Cyber Counterintelligence investigations in which the tradecraft and techniques of adversaries to the United States were identified
  • Several investigations associated with internet threats made to high ranking public officials in which rapid attribution of the attacker was necessary

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Robert Reyburn

Managing Director

Ankura Consulting Group

1220 19th Street NW, Suite 700, Washington DC 20036
robert.reyburn@ankuraconsulting.com
Main: +1.202.507.6936
Mobile: +1.703.851.6222

Education

MBA, Finance Concentration, Georgetown University
BS, Mechanical Engineering, University of Notre Dame

Certifications

Certified Public Accountant
Certified Valuation Analyst

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Robert Reyburn is a Managing Director at Ankura Consulting Group based in Washington, DC. For more than 13 years, Mr. Reyburn has provided financial consulting services to private and public sector clients typically in the context of financial disputes and investigations. His concentrations have included forensic accounting, data analytics and valuation.

Mr. Reyburn has extensive experience conducting analyses that require the extraction and evaluation of information from large data sets. He has managed or participated in data-intensive investigations involving embezzlement, false billing, terrorist financing and Ponzi schemes. He has also designed and developed rigorous financial models for cases involving lost profits, wrongful death, business valuation, and intellectual property infringement. His combined technical and financial expertise has enabled him to provide highly efficient evaluations of both non-financial and accounting data, ensuring that proper information is considered and that conclusions are sound and based on relevant facts.

Mr. Reyburn also has specialized experience performing data analytics at mass tort settlement facilities. He has managed the development and execution of analytical strategies to identify and remediate claim processing anomalies, fraud, internal control deficiencies, and reporting inconsistencies. He has worked with many of the largest settlement facilities in recent years including the Deepwater Horizon Economic Claim Center, the Settlement Facility for the Dow Corning Trust, and the 9/11 Victims’ Compensation Fund.

A sample of some of Mr. Reyburn’s recent and more significant engagements include:

  • Deepwater Horizon Economic Claim Center: Engaged by Special Master Louis Freeh to perform data analytics to identify and help mitigate fraudulent claim submissions to the $10 billion claim center. He led a team of consultants in the execution of hundreds of SQL data queries on the claim facility databases to identify claims with the highest risk of fraudulent activity.
  • Large Private Travel Company: Coordinated an investigation of alleged embezzlement by a corporate officer which involved analyzing a raw download of the corporate accounting database in conjunction with bank transactions to pinpoint fraudulent transfers.
  • GE Capital v. Wright & Wright: Evaluated volumes of bank records and other communications to identify final fund recipients in this multi-million dollar Ponzi scheme and created comprehensive diagrams depicting fund movement.
  • Non-Profit Organization: Developed a complex discounted cash flow model for a subsidiary publishing arm of this organization and performed a business valuation for tax reporting purposes.
  • Settlement Facility for the Dow Corning Trust: Performed a quality management review using data analytics to evaluate specific elements of the claim adjudication process at this billion dollar claims facility.
  • Large Government Contractor: Coordinated an investigation of time and expense records for an alleged false billing scheme which entailed creating a database of hundreds of thousands of transactions in order to establish the population of billing records inconsistent with third party data.
  • Fortune 100 Financial Services Company: Engaged to investigate and remediate discrepancies in the calculation and reporting of customer interest between different internal IT systems for a variety of commercial loan products.
  • 9/11 Victims’ Compensation Fund: Performed wrongful death valuations to assess economic damages in support of the Special Master’s determination of awards for deceased victims.

Prior to joining Ankura, Mr. Reyburn was a Director at The Claro Group and a Senior Manager at Dispute Analytics. He was previously a Manager at PricewaterhouseCoopers in its Advisory Services Practice and began his career working as an engineer for a Fortune 500 company in the semiconductor capital equipment industry.

Mr. Reyburn earned an MBA from Georgetown University and holds a BS in engineering from the University of Notre Dame. He is a Certified Public Accountant and Certified Valuation Analyst.

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Joseph N. Hoang

Managing Director

Ankura Consulting Group

1220 19th Street NW, Suite 700, Washington DC 20036
joseph.hoang@ankuraconsulting.com
Main: +1.202.507.6935
Mobile: +1.813.579.7000

Education

BS, Business Administration – Finance Concentration, Minor, Chinese, Villanova University

Certifications

Certified Fraud Examiner (CFE)

Affiliations

Association of Certified Fraud Examiners (ACFE)

Languages

Vietnamese – Conversational

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Joseph Hoang is a Managing Director at Ankura Consulting Group and is based in Washington, DC. Mr. Hoang specializes in assisting clients and leading teams in healthcare regulatory, compliance, dispute, and operations matters with an emphasis on performance and process improvement, complex data management and analysis, claim reviews, and claim-related audits. His 17 years of experience spans a variety of healthcare clients including; health insurers, managed care organizations (MCOs), physician enterprises, health systems, pharmacy benefit managers (PBMs), as well as pharmaceutical manufacturers and wholesalers. Mr. Hoang has assisted these organizations with issues related to analytics, data validation audits, information systems capability assessments, large volume claims billing and payment disputes (often involving automated claims auditing), prompt-payment, fraud, breach of contract, and contractor performance. Mr. Hoang has extensive experience developing and managing business and technical requirements involving data warehousing, healthcare claims analysis, and data mining as they relate to healthcare payers’ claim systems and auditing programs.

Medicaid and Medicare Compliance Matters – Mr. Hoang has conducted numerous compliance audits focused on contractor performance for hospitals and health plans as well as CMS Program Audits, Data Validation Audits and Information Systems Capabilities Assessments for Medicare and Medicaid plan sponsors. Some audits included the review for accuracy of procedural (including: CPT, ICD-9, and revenue) code changes by contractors, the appropriateness of those code changes, and the use of automated bridge routines. Other matters evaluated the contractual responsibilities and procedural accurateness of a contractor’s efforts in identifying supplemental diagnosis codes (i.e., ICD-9) from medical record documentation and the subsequent submissions to the Centers for Medicare and Medicaid Services (CMS) for risk adjustment and reimbursement. For a Fortune 50 payer client, Mr. Hoang has provided process improvement services as it relates to extensive updates to the client’s existing Alternate Submission Method SAS/SQL logic and technical system enhancements to enact new levels of error handling (e.g., eligibility handling), end-to-end record level tracking, and real-time client reporting for encounters and diagnoses submitted to CMS for Medicare Risk Adjustment purposes.

Fraud, Investigation and Dispute Matters – For numerous clients, Mr. Hoang has conducted investigations or provided privileged consulting on matters that involved allegations of fraud and/or misconduct. This included cases that involved contractor misconduct, inventory shrinkage anomalies, billing and payment inconsistencies as well as falsification of pharmaceutical prescription fill turnaround times. Oftentimes these cases required large-scale transactional data analysis used to detect the abhorrent patterns and trends that are atypical of normal business operations. In one whistleblower case, Mr. Hoang analyzed over 6 terabytes of claims data to uncover and isolate the transactions with fraudulent patterns to substantiate any related misconduct within those facilities.

Hospital and Health System Performance Improvement and Analytics Matters – Mr. Hoang has led the development of robust performance analytics and teams responsible for the data requirements gathering, project management, collection, validation, analytics and visualizations to support the revenue generating and cost saving opportunities associated with performance improvement (including areas such as clinical, labor productivity, supply chain, revenue cycle, and physician enterprise). Mr. Hoang is a thought leader in analytics development, process standardization and data flow automation that allow for efficient review, analysis, and reporting of EHR/EMR system information (i.e., EPIC, Meditech, Cerner, etc.) to all stakeholders, including client personnel, executives and internal Service Line consultants. In this capacity, he has worked with a diverse set of children’s hospitals, large integrated health systems and many regional hospitals throughout the country.

IT Due Diligence and Management Analytics Matters – For private equity clients and their portfolio companies, Mr. Hoang has conducted in-depth technical reviews and due diligence of healthcare companies’ IT organization, architecture, infrastructure, and customer relationship management (CRM) platforms. For these clients, the goal is to evaluate the viability of the target companies’ service and/or product offering(s) from an information technology, analytics and data perspective and to assist the client in determining whether the capabilities warrant the potential financial investment by their investors. In addition, Mr. Hoang has conducted key performance indicator mappings from a revenue, cost, and other operational metrics leveraging the company’s existing workflow tools and databases.

Operational Analytics Matters – Mr. Hoang has extensive experience with utilizing, mapping, and managing data from enterprise data warehouses, billing, claims, and decision support systems. In addition, he is well versed in developing and managing databases in Microsoft SQL Server and other relational database programs. His skills include being able to process large volumes of data in an efficient manner, identify and work through data integrity issues and standardize data across disparate data sources to allow for meaningful and effective analyses and reporting to the organization. Mr. Hoang has led engagements that analyzed hundreds of millions and dozens of Terabytes of healthcare operational and transactional data to perform large scale and complex data analyses. Oftentimes the analytics become executive level dashboards and reporting to assist the organizations’ stakeholders identify areas of opportunity and address major operating concerns.

Mr. Hoang holds a BS in Business Administration with a concentration in Finance, from Villanova University. He is a member of the Association of Certified Fraud Examiners (ACFE).

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Elizabeth Fitzpatrick

Elizabeth Fitzpatrick

Managing Director

Ankura Consulting Group

750 Third Avenue, 28th Floor, New York, NY 10017
elizabeth.fitzpatrick@ankuraconsulting.com
Main: +1.646.291.8542
Mobile: +1.202.365.0781

Education

MA, Accounting & Taxation, George Washington University
BA, Liberal Arts, George Washington University

Certifications

Certified Public Accountant, United States
Certified Fraud Examiner

Affiliations

American Institute of Certified Public Accountants
Association of Certified Fraud Examiners

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Elizabeth Fitzpatrick is a Managing Director in the Investigations & Advisory Services practice based in Ankura Consulting Group’s New York office. Ms. Fitzpatrick has more than fifteen years of professional experience in audit and forensic accounting. She specializes in internal and forensic investigations, litigation support and financial reporting issues. Ms. Fitzpatrick has led a variety of forensic accounting engagements, including assisting both audit committees and companies undergoing internal investigations, providing technical accounting support, drafting expert reports and preparing witnesses for SEC and trial testimony.

Prior to joining Ankura Consulting, Ms. Fitzpatrick was a Managing Director at FTI Consulting based in Hong Kong and Washington, DC. Earlier in her career, she was a Senior Associate at Andersen in London. Ms. Fitzpatrick began her career at KPMG where she spent three years in both the tax and audit practices based in Washington, DC.

Ms. Fitzpatrick’s professional experience includes:

  • Led a team of consultants in an FCPA investigation of multiple Chinese subsidiaries of a global medical device manufacturer. Issues included fraudulent acquisition payments, employee embezzlement, bidding service payments, and payments to government officials for gifts and travel.
  • Coordinated all aspects of an FCPA investigation of a commodities trading business including implementing and overseeing the forensic work plan covering field work conducted simultaneously at five multi-national locations.
  • Supported the Independent Monitor appointed to review the effectiveness of the compliance program of a multi-national engineering firm based in Japan as part of the company’s deferred prosecution agreement with the DOJ.
  • Part of a team investigating and quantifying potential import/export violations of a large Chinese telecommunication company.
  • Led a team that assisted a medical devices company in preparing restated financial statements and SEC filings covering a five-year period focusing on the assessment and restatement of revenue recognition irregularities.
  • Managed sub-part of investigation into the activities of one of the largest known Ponzi’s schemes. Responsibilities included devising and implementing methodologies to detect fraudulent transactions in client statements and other contemporaneous records prior to 1995.
  • Part of a team assembled to investigate the accounting treatment and calculation methodology related to loan loss reserves in connection with an internal investigation at one of the nation’s largest banking institutions.
  • Assisted national video reseller in responding to informal SEC investigation related to the accounting treatment for accounts receivable and advertising expenses.

Ms. Fitzpatrick earned a BA in liberal arts and a MA in accounting and taxation both from George Washington University. She is a Certified Public Accountant and Certified Fraud Examiner and is a member of the American Institute of Certified Public Accountants.

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