Selected Experience

Selected Matters

Provided multi-year forensic accounting analysis of medical practice operations to debunk allegations of corporate theft and embezzlement by its Chief Financial Officer. Our forensic analysis assisted the parties reach a settlement agreement.
Performed expert consulting services on behalf of one of the largest assisted living, skilled nursing, home care and rehabilitation providers in the Southeast in connection with the Federal Government's Health Resources and Services Administration's Provider Relief Funding stemming from payment of COVID relief funds subject to audit.
Provided forensic accounting analysis stemming from allegations of real estate management company's accounting practices and mismanagement as fiduciary of homeowner's association (HOA) assets.
Analyzed economic damages on behalf of a logistics technology company in connection with alleged trade secret violations stemming from former employee alleged violation of non-compete agreement, non-solicitation agreement, misappropriation of confidential information, trade secrets and breach of fiduciary duties.
Assisted counsel in a lender liability action to calculate economic damages associated with creditors alleged wrongful conduct in accelerating loan default on commercial real estate due to technical default.
Evaluated the adverse economic impact and collateral damage resulting in a corporate bankruptcy of a multi-location outpatient healthcare facility. Issues stem from alleged creditor misconduct and wrongful inducement of debtor to secure financing under unfair credit practices of lender.
Quantified the economic loss directly related to a cyber attack that adversely affected healthcare provider's ability to efficiently conduct its business since the company lost use of its accounting and management information systems.
Analyzed loan and credit practices of failed credit institutions to evaluate the corporate policies and creditor lending practices of loan originators and corporate executives.
Performed a forensic accounting analysis as a Court appointed neutral expert to analyze a waterfall calculation related to workers compensation medical claims. This matter required an extensive analysis of accounting records and cost accounting methodologies to effectively reconcile transactions among the parties.
Assisted international timeshare developer lenders that provided purchase financing to owners to calculate the economic impact to its business due to alleged tortious interference and false advertising claims resulting in greater than expected customer account default rates.
Provided forensic accounting services on behalf of the Internal Revenue Service in connection with taxpayer's transfer pricing and tax reporting practices. Our analysis resulted in several hundred million dollar taxpayer settlement with the IRS.
Performed an equitable distribution and business valuation analysis involving family dispute and assisted parties identify and reconcile assets.
Assisted a litigation trust to determine economic damages from asbestos product liability claims. Assignment was to estimate future claims and establish reasonable reserves for the trust.
Acting as a neutral forensic accountant on behalf of a family estate for the trustee and temporary guardian to analyze financial transactions, develop a cash sources and uses analysis and identify potential irregular activities.
Performed an internal investigation on behalf of a leading national healthcare outpatient rehabilitation provider to determine the facts stemming from a multi-year financial misstatement and alleged earnings management scheme perpetrated by senior corporate officers. Allegations included wrongdoing and piercing of the corporate veil and directors and officer’s liability. Analysis included reviewing financial documents, conducting interviews, evaluating internal controls and accounting systems, reviewing e-mails, and determining possible causes of action for potential recovery. An integral component of this investigation was analysis of the payer mix and capitation rates.
Assisted SE Regional public hospital analyze potential economic damages attributed to an alleged breach of contract of a subcontractor and medical supplies vendor involving allegations of fraud and overbilling. Analyzed contract compliance and competitive bidding practices.
Led a world-wide team of forensic accountants analyze the financial accounting of one the world’s leading medical diagnostics companies. The matter involved the calculation of economic damages resulting from underreporting of product sales and resulting royalties due to licensor of patented technology.
Assisted the board of directors of several hospitals in Pennsylvania and Ohio investigate alleged medical billing irregularities involving unbundling of CPT codes as recommended by an outside consultant.
Performed numerous forensic white-collar crime accounting investigations from suspected embezzlement by corporate officers or employees. The investigations involved forensic examination of corporate books and records, sales and vendor contracts, bank statements and tax returns. In each case, the forensic analysis provided a factual accounting of fraudulent or suspicious transactions perpetrated by the employee. The findings were later used to terminate and prosecute the officer and employees.
Calculated business interruption loss and provided expert testimony for the largest airport retail concessions operator in the United States for losses incurred after the September 11th, 2001 terrorist attacks. The losses were attributed to the governments civil authority order that prohibited access to airports. This matter was the first ruling from a federal court granting coverage under an insurance policy for business interruption losses sustained at airports nationwide in the wake of the September 11th terrorist attacks. This analysis required calculation of business interruption at approximately sixty airports containing hundreds of retail concessions. This analysis was used to effectively settle the valuation dispute after expert testimony was offered.
Evaluated and critiqued alleged lost profits and extra expenses of an acute care hospital located in Louisiana, stemming from the aftermath of Hurricane Katrina. The analysis included assessment of the institutions.
Prepared property damage, extra expense and business interruption insurance claim for race-track casino and hotel located in the Gulf Coast from the aftermath of Hurricanes Rita and Katrina.
Calculated individual’s economic loss claim by quantifying the difference between projected income and benefits (i.e., wages, fringe benefits, retirement income) and actual income and benefits. The individuals’ ranged from teenagers and those advanced in their careers. This economic loss claim was intended to award U.S. Citizens injured, U.S. Citizens killed, and the immediate family members of those killed as a result of the 1983 bombing of the U.S. Embassy in Beirut, Lebanon. These analyses included assessment and review of each individual’s earnings history and education, industry and labor statistics, life expectancy census and future employment opportunities. The methodology and loss calculations were presented at trial in Federal District Court in Washington, D.C.
Assisted regional healthcare and rehabilitation services company analyze lost business income and profits. The analysis required an understanding of payer mix and reimbursement rates at multiple facility locations.
Calculated an individual’s past and future lost earnings resulting from her wrongful discharge from employment stemming from alleged Civil Rights violations. Lost earnings included salary, merit pay, fringe benefits, post-retirement benefits and out-of-pocket expenses. This analysis included evaluating historical salary levels and growth rates, history of promotions, job performance evaluations, anticipated future career opportunities available within the organization, educational background, statistical work-life and life expectancy and general economic trends.
Prepared an individual’s economic loss claim for past and future lost earnings and post-retirement lost income stemming from an injury suffered on the job and resulting workers compensation benefits. This dispute arose from an E.E.O.C. claim involving the denial of workers compensation benefits. These benefits were anticipated throughout the plaintiff’s statistical work-life but were terminated without cause. The analysis involved calculating the difference between projected income (assuming no injury) and benefits available under workers compensation. Various economic assumptions were developed that supported the calculation of economic loss. The estimate of loss and related assumptions were accepted by the E.E.O.C., which resulted in a favorable settlement.
Developed an alternative methodology to compute economic loss for the estate of an individual killed in the Pentagon on September 11, 2001. The September 11th Victim Compensation Fund of 2001 was established by Congress to provide compensation to individuals who were injured or killed as a result of the attacks. The calculated loss required extensive economic research and development of assumptions including effective tax rate, discount rate, inflation rate, statistical census data involving work-life and life-expectancy and personal consumption factor, etc. The analysis resulted in the preparation of a supportable claim for almost three times the pre-determined amount offered by the U.S. Government.
Calculated compensatory damages for more than 25 individuals killed or injured stemming from the 1991 Iraq invasion of Kuwait (Gulf War). This is known as the “Human Shields” case. Analysis involved quantifying the difference between projected income and benefits (i.e., wages, fringe benefits, retirement income) and actual income and benefits. In addition, it was necessary to identify and deduct any mitigating income identified. The U.S. Government authorized claims to be paid from frozen Iraqi assets.
Performed a forensic accounting investigation of a technology-based energy company on behalf of its majority investor stemming from an alleged D &O securities fraud. The investigation analyzed the source and use of all investment proceeds from inception to date and determined that funds were misappropriated by management. In addition, the analysis was used by government authorities to further prosecute the alleged fraudster.
Prepared business interruption analysis for an international provider of financial consulting services stemming from a computer virus that adversely impacted its ability to provide service to clients. Analysis included a multi-office review of average historical staff utilization and fees, cost and margin analysis, preparation of proof of loss report and negotiation with insurance company representatives that resulted in a favorable settlement of claim.
Performed a forensic accounting analysis of the employee expense reimbursement policies and systems of a private equity firm on behalf of its board of directors to determine if there was potential for insurance recovery under its fidelity bond. The investigation analyzed the use of corporate assets to determine if funds were converted by employees for personal benefit. Analysis included reviewing financial documents and conducting interviews to determine possible causes of action for potential recovery. Analysis resulted in several employees making restitution to company.
Assisted co-generation energy power plant to re-build its operations and recover economic losses stemming from an extended plant closure due to catastrophic fire and water damage. Analysis aided policyholder negotiate with carrier and the public adjuster to receive a fair and reasonable settlement under the terms of its insurance policy.
Evaluated and critiqued the business interruption loss stemming from the largest commercial meat recall in United States history. The product recall included more than 27 million pounds of cooked sandwich meat after warnings of possible contamination from the listeria bacteria. The analysis included assessment of historical earnings, profitability/margins by product type, growth trends, and extra expenses. Assisted parties reach settlement.
Provided expert testimony at trial in response to a major multi-brand automotive dealership and repair facility claimed business interruption losses stemming from roof collapse resulting in fire and water damage to premises on behalf of insurance carrier to evaluate the reasonableness of insureds claim. Expert testimony refuted claimed business interruption loss of policy holder that substantially reduced insured claim value.
Performed an independent assessment of damages due to a covered insurance construction delay and disruption of two facilities inside the International Zone (“IZ”) a/k/a/ “Green Zone” in Baghdad, Iraq in late 2007 through mid-2008. Analysis included assessment of project cost and allocation methods including cost verification of labor and materials expended that were not reimbursed.
Evaluated and critiqued claims for business interruption lost profits of a publicly-held leading convenience store retailer and calculated an alternative measure of damages stemming from the World Trade Centre collapse. This project required an analysis of corporate historical sales, profitability, review of forecasts and budgets, assessment of specific store sales data and trends, customer loyalty program statistics to address their purchasing behaviour, and economic and industry data.
Conducted a forensic accounting analysis and audit investigation of a major construction real estate development and management company working on behalf of the U.S. Government in an alleged breach of contract. Allegations included fraud and mismanagement involving subcontractor transactions and inappropriate accounting cost allocations and recordkeeping due to lax internal controls and inappropriate business relationships.
On behalf of construction project surety performed a construction cost audit to determine costs incurred and remaining costs necessary to complete municipal project. Analysis included cost to complete analysis, review of general contractor’s books and records, review of costs incurred to date and reasonableness of direct cost and overhead cost allocation methodology.
Performed a forensic accounting damages assessment of an international oil refinery to recover insurance proceeds for lost profits and extra expenses. Analysis included direct construction cost analysis to repair pipeline and lost profits assessment.
Performed a forensic accounting investigation of a major electric and gas company involving a decade of financial transactions to evaluate the form and substance of activity between the parent company and its subsidiary related to one of the largest financial restatements and subsequent bankruptcies in recent U.S. history. This matter required recasting financial statements for periods before the restatement period to evaluate the financial condition of the company.
Evaluated and critiqued business interruption claim for lost profits and extra expenses of a regional egg farm producer stemming from a fire causing partial product recall and economic damages due to unforeseen damage to physical plant refrigeration facilities and chickens. The project required an analysis of industry trends, review of company-specific historical production statistics, review of historical financial statistics regarding costs and profitability and preparation of an expert report. A key element of the analysis was assessment of mitigating factors that were not considered by the insureds.
Prepared business interruption and extra expense analysis on behalf of the world’s largest fine-dining steakhouse stemming from fire and water damage at one of its Mid-Atlantic restaurants. Analysis provided a fair and credible estimate of economic loss used by both policyholder and the carrier to negotiate a reasonable insurance settlement.