Economics Expert Witness & Fraud Case

What areas may economics expert witnesses consult on?  They may write reports and opine on business valuations, damage calculations, financial fraud, and other aspects of business. Charged with official misconduct, theft and false entry, suspended Deputy Fire Chief Ronald Pieri is accused of defrauding Highwood, IL, taxpayers by falsifying time records and claiming compensation for hours not worked between 2006 and 2010.  While economics expert witness for the defense Benjamin Wilner testified “there is no economic basis behind any of the prosecutor’s allegations that Mr. Pieri defrauded Highwood,” the Lake County state’s attorney’s office has brought criminal charges. Allegations include accepting approximately $50K in salary when he was not on the clock.

Wilmer, an expert and consultant with the accounting firm Grant Thornton, said the state’s attorney’s office jumped to the conclusion that “it must be fraud” when there were discrepancies on shift records.  Grant Thornton International Ltd is an organization of independent audit, tax and advisory firms with 57 offices across the US.

 

 

About Karen Olson

Information Professional with twenty years experience in legal, public record, and business research. Fifteen years law firm experience.

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