Tag Archives: fraud
The Investment Fraud Expert Witness

The Investment Fraud Expert Witness

Investment fraud expert witnesses are skilled in financial areas including audit, accounting, and investments. Their expertise also covers fraud detection, fraud determination, and fraud analysis. These skills are called into play when determining whether an investment advisor intentionally deceived an investor. In the headlines, biotech investment advisor G. Steven Burrill settled with the SEC on March 30, 2016, and will pay back $4.8M to investors in Burrill Capital Management in addition to a $1M penalty. SEC.gov states:

Read more
Securities Fraud Expert Witnesses

Securities Fraud Expert Witnesses

Securities fraud experts may consult and testify in cases involving financial crime such as the illegal process of convincing others to make investments in the stock market based on false information. Today, the SEC charged Andrew Caspersen, a Park Hill Group partner, with securities fraud. Caspersen is accused of seeking to defraud institutional investors of $95M and using the bulk of the money for investments in his personal account. The SEC complaint filed in federal district court in Manhattan alleges:

Read more
Forensic Accounting Expert Witness Testifies In High Profile Art Forgery Trial

Forensic Accounting Expert Witness Testifies In High Profile Art Forgery Trial

Forensic accounting expert witness Roger Siefert testified on behalf of Domenico and Eleanore De Sole in the fraud case against art gallery Knoedler & Co. and its past president Ann Freedman. Once New York’s oldest art gallery, the business closed its doors in 2011 after being accused of selling fake paintings. The De Soles have been seeking $25 million from Ms. Freedman and Knoedler & Co.

Read more
Appellate Court Rules On Securities Expert Witness Testimony

Appellate Court Rules On Securities Expert Witness Testimony

The U.S. Court of Appeals 2nd Circuit vacated Jesse Litvak’s securities fraud conviction saying the lower court improperly excluded parts of his expert witness’s testimony. Securities expert witness Dr. Ram Willner, a business school professor and former portfolio manager, was hired by the defense to testify on how investment managers operate. However, U.S. District Judge Janet Hall disallowed his testimony. The appellate court found that if the defense team had been able to introduce some of Willner’s testimony, a jury might have acquitted the former Jefferies & Company securities broker and trader.

Read more
Economics Expert Witness & Fraud Case

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.

Read more
Forensic Accounting Expert Witness Testifies In Dewey & LeBoeuf Case

Forensic Accounting Expert Witness Testifies In Dewey & LeBoeuf Case

Forensic accounting expert witness Jonathan Vanderveen testified in the New York criminal trial of former Dewey & LeBoeuf executives. Former chairman Steven Davis, executive director Stephen DiCarmine and chief financial officer Joel Sanders are charged with larceny, fraud and falsifying business records. The global law firm which once employed over 1200 attorneys declared bankruptcy in 2012.

Read more
FBI Expert Witness To Testify On Cell Phone Record Analysis

FBI Expert Witness To Testify On Cell Phone Record Analysis

FBI Special Agent Robert Moledor will testify as an expert witness in the Hammond, IN, District Court trial of Lake Station Mayor Keith Soderquist and his wife, Deborah. The couple is charged with conspiracy, wire fraud and filing false tax returns, allegedly using money from his campaign and the city’s food pantry to pay for gambling trips.

Read more
Money Laundering Expert Witnesses

Money Laundering Expert Witnesses

What areas may money laundering expert witnesses consult on? They are experts in fraud investigations, forensic auditing, and financial forensics. On March 12th, Commerzbank of Germany has admitted to illegal conduct under US sanctions and bank secrecy laws. The second-largest German bank will pay $1.45B in fines after hiding transactions with Iran and Sudan and processing hundreds of millions of dollars through New York.

Read more
Securities Fraud Expert Witnesses & Insider Trading Scam

Securities Fraud Expert Witnesses & Insider Trading Scam

What matters may securities fraud expert witnesses review and consult on? These experts may examine and advise on Ponzi schemes, insider trading, securities offerings, unauthorized trading, churning, and more. Michael Lucarelli, formerly of Lippert/Heilshorn & Associates, was arrested and charged with insider trading on August 26th. He is facing criminal charges by the FBI as well as civil proceedings by the SEC. SEC press release 2014-175 describes the SEC’s investigation and findings.

Read more
Securities Expert Witness Will Testify In Case Against Former Virgnia Governor

Securities Expert Witness Will Testify In Case Against Former Virgnia Governor

Attorney and securities expert witness Peter H. White will testify in the case against former Virginia Govornor Bob McDonnell. McDonnell and his wife are accused of accepting more than $165K in gifts and loans from Jonnie Williams Sr., the former CEO of Star Scientific, in exchange for promoting one of Star’s dietary supplements. Their trial is set for July 28 in U.S. District Court, Richmond, VA.

Read more