Expert Details

Expert in Economics, Economic Damages, Real Estate, Banking, Due Diligence, Finance and Securities

Expert ID: 724491 Texas, USA

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Served as a Commercial Banker for a major New York City Bank and Chairman of the Board of Directors of Four (4) Savings and Loans for the Federal Home Loan Bank of Dallas. This, plus his MBA in Commercial Banking has allowed him to serve as an expert in many commercial banking cases over the last two (2) decades. In addition to litigation support efforts in the Banking Area, he has also undertaken Commercial Appraisal Reviews for many Commercial Bank Real Estate Departments and Governmental Agencies (FDIC, FHLBB, FSLIC, RTC) as well as Due Diligence Analysis in regard to real estate developments and acquisitions.

Based upon his significant education, background and broad based experience, he has served as an expert witness in usual and customary business - practices, policies, procedures and principles in a significant number of causes of action. In addition to litigation support efforts in the Business Arena, he has also undertaken Commercial Appraisal Reviews for many Commercial Bank Real Estate Departments and Governmental Agencies (FHLBB, FDIC, FSLIC, RTC) as well as Due Diligence Analysis in regard to potential business transactions.

Having assisted many business and real estate ventures / developments evolve from a business plan into reality in many aspects of my economic / finance / valuation consulting endeavors, he has served as an expert in this area on numerous occasions. In addition to litigation support efforts in the Business Development Arena, he has also undertaken Commercial Appraisal Reviews for many Commercial Bank Real Estate Departments and Governmental Agencies (FHLBB, FSLIC, FDIC, RTC) as well as Due Diligence Analysis in regard to potential business and business development transactions.

Over the course of his sustained Economic / Financial Consulting and litigation support careers (1982 onwards) he has valued a significant number of business organizations for - mergers, acquisition, restructurings, securities issuance, gifts, death, divorce and ESOP's as well as testifying regarding same on a significant number of occasions. In addition to business valuations and litigation support efforts in the overall Valuation Arena, he has also undertaken Commercial Appraisal Reviews for many Commercial Bank Real Estate Departments and Governmental Agencies (FHLBB, RTC, FDIC, FSLIC) as well as Due Diligence Analysis in regard to potential business and valuation transactions.

Via a sustained combination of - having served as a Commercial Banking Officer (NYC) specializing in the real estate industry, having served as Chairman of the Board of Directors for the Federal Home Loan Bank of Dallas of four (4) insolvent savings and loans with significant real estate involvements (during the late 1980's savings and loan crisis) and having served as a senior executive for three (3) real estate development organizations, he has also served as an expert witness in much litigation involving all aspects of commercial real estate, including - appraising (Licensed Commercial Texas Real Estate Appraiser and Real Estate Broker) development, financing, securitization, housing, subdivision developments, mortgages, land planning and condominiums (Doctoral Dissertation [1980] on Cooperative and Condominium Housing).

In addition to litigation support efforts in the Commercial Real Estate Sector, he has also undertaken Commercial Appraisal Reviews for many Commercial Bank Real Estate Departments and Governmental Agencies (FHLBB, FDIC, FSLIC, RTC) as well as Due Diligence Analysis in regard to real estate developments, restructurings, acquisitions and joint ventures.


Having obtained four (4) degrees in Economics and Finance all from New York University ("NYU") has afforded him the well supported opportunity to serve as BOTH an Economic Consultant to a wide variety of organizations in need of broad based economic assistance and to serve as a well qualified Senior Economist in a number of causes of action. This includes a wide spectrum of economics focusing on - economic / financial projections; economic damage analysis; economic trends and analysis; review of economics proposed by others in litigation and of course real estate economics wherein his Doctorate is focused.

In addition to Economic Analysis in litigation support efforts in the overall Valuation Arena, he has also undertaken Appraisal Reviews for many Commerical Bank Real Estate Departments and Governmental Agencies (FHLBB, FDIC, FSLIC, RTC) as well as Due Diligence Analysis in regard to the fundamental economics for business and valuation transactions.

Having obtained four (4) degrees in Economics and Finance all from New York University ("NYU") has afforded him the well supported opportunity to serve as a Senior Economic expert witness in a wide variety of litigation - calculating, comparing and projecting economic / financial damage analysis; economic trends and analysis and review of economic damages and reports as submitted by others in litigation. In addition to Economic Damage Analysis in litigation support efforts, he has also undertaken Appraisal Reviews in regards to economic damages for many Commercial Bank Real Estate Departments and Governmental Agencies (FHLB, FDIC, FSLIC, RTC) in regard to the fundamental economics for business and valuation transactions.

Via a sustained combination of - having served as a Commercial Bank Officer (NYC) specializing in the real estate industry, having served as Chairman of the Board of Directors for the Federal Home Loan Bank of Dallas of four (4) insolvent savings and loans with significant real estate involvements and having served as a senior executive for three (3) real estate development organizations, this has afforded him the opportunity to serve as an expert witness in much litigation involving all aspects of economic development. This is especially supported when the development includes the use of condominiums (Doctoral Dissertation [1980] on Cooperative and Condominium Housing). In addition to litigation support efforts in the Economic Development Sector, he has also undertaken Commercial Appraisal Reviews for many Commercial Bank Real Estate Departments and Governmental Agencies as well as Due Diligence Analysis in regard to economic and potential real estate developments.

Via a sustained combination of - having served as a Commercial Bank Officer (NYC), having served as Chairman of the Board of Directors for the Federal Home Loan Bank of Dallas of four (4) insolvent savings and loans and having served as a senior executive for three (3) real estate development organizations, this has afforded him the opportunity to BOTH serve as an Economic Consultant in regards to market development and an expert witness in much litigation involving several aspects of market and economic developments. This is especially supported when the development includes the use of condominiums (Doctoral Dissertation [1980] on Cooperative and Condominium Housing). In addition to litigation support efforts in the Economic Market Development Sector, he has also undertaken Commercial Appraisal Reviews for many Commercial Banks and Governmental Agencies (FHLBB, FDIC, FSLIC, RTC) as well as Due Diligence Analysis in regard to economic developments and acquisitions.

Having obtained four (4) degrees in Economics and Finance, all from New York University ("NYU") has afforded him the well supported opportunity to serve as BOTH an Economic Consultant to a wide variety of organizations in need of broad based economic assistance and to serve as a well qualified Senior Economist in a number of causes of action. This includes a wide spectrum of economics that create value to an enterprise, namely focusing on - economic / financial projections; economic / financial analysis; economic trends and analysis; review of economics proposed by others in litigation and of course real estate economics wherein his Doctorate is focused.

Having obtained four (4) degrees in Economics and Finance all from New York University ("NYU") has afforded him the well supported opportunity to serve as BOTH an Economic Consultant in the overall stream of - business, banking, finance and commerce to organizations in need of broad based economic assistance and to serve as a well qualified Senior Economist in a number of causes of action. This includes a wide spectrum of economics focusing on - economic / financial projections; economic damage analysis; economic trends and analysis; review of economics proposed by others in litigation and of course real estate economics wherein his Doctorate is focused. In addition to litigation support efforts in the Economic Sector, he has also undertaken Commercial Appraisal Reviews for many Commercial Banks and Governmental Agencies (FHLBB, FDIC, FSLIC, RTC) as well as Due Diligence Analysis in regard to the economic fiber of economic developments and acquisitions.

Having obtained four (4) degrees in Finance and Economics all from New York University ("NYU") has afforded him the well supported opportunity to serve as BOTH a Financial / Economic Consultant in the overall stream of - business, banking, real estate and commerce to organizations in need of broad based financial / economic assistance and to serve as a well qualified Senior Financial Economist in a number of causes of action. This includes a wide spectrum of finance / economics focusing on - financial projections; financial / economic damage analysis; financial / economic trends and analysis; review of finance as proposed by others in litigation and of course real estate finance / economics wherein his Doctorate is focused.

In addition to litigation support efforts in the Finance and Economic Sectors, have also undertaken Appraisal Reviews for many Commercial Banks and Governmental Agencies (FHLBB, FDIC, FSLIC, RTC) as well as Due Diligence Analysis in regards to the financial / economic fiber of business ventures, mergers, real estate developments and acquisitions.

Having obtained four (4) degrees in Economics and Finance all from New York University ("NYU") has afforded him the well supported opportunity to serve as a Senior Economic expert witness in matters dealing with intellectual fraud, calculating damages, comparing and projecting damage analysis; trends and analysis and review of economic damages and reports as submitted by others in litigation.

Having obtained four (4) degrees in Economics and Finance all from New York University ("NYU") has afforded him the well supported opportunity to serve as BOTH an Economic Consultant to a wide variety of organizations involved in the development of intellectual property and to serve as a well qualified Senior Economist in a number of causes of action in the IP arena. This includes a wide spectrum of economics focusing on - economic / financial projections; IP damage analysis; economic / IP trends and analysis; review of IP economics proposed by others in litigation and of course research in the areas of IP economics and finance.

In addition to assignments in litigation support in the overall IP Arena, he has also undertaken Appraisal Reviews for many Commercial Bank Departments and Governmental Agencies (FHLBB, FDIC, FSLIC, RTC) as well as Due Diligence Analysis in regard to the fundamental economics for IP business and valuation transactions.

Via a sustained combination of - having served as a Commercial Banking Officer (NYC), having served as Chairman of the Board of Directors for the Federal Home Loan Bank of Dallas of four (4) insolvent savings and loans with significant loan portfolios (during the late 1980's savings and loan crisis) and having served as a Senior Executive for three (3) development organizations; these have enabled him to serve as an expert witness in much litigation. The litigation involves all aspects of commercial lending, including - appraising (Licensed Commercial Texas Real Estate Appraiser and Real Estate Broker) loans for development, financing, securitization, housing, subdivision development, mortgages and condominiums (Doctoral Dissertation [1980] on Cooperative and Condominium Housing). In addition to litigation support efforts in the Lending / Financing Sector, he has also undertaken Commercial Appraisal Reviews for many Commercial Banks and Governmental Agencies (FHLBB, FDIC, FSLIC, RTC) as well as Due Diligence Analysis in regard to loan originations, refinancing, developments and acquisitions.

Via a sustained combination of - having served as a Commercial Banking Officer (NYC) specializing in the real estate industry, having served as Chairman of the Board of Directors for the Federal Home Loan Bank of Dallas of four (4) insolvent savings and loans with significant real estate involvements (during the late 1980's savings and loan crisis) and having served as a Senior Executive for three (3) real estate development organizations; these have enabled him to serve as an expert witness in much litigation. This litigation involves all aspects of commercial real estate, including - appraising (Licensed Commercial Texas Real Estate Appraiser and Real Estate Broker) development, financing, securitization, housing, subdivision developments, mortgages, land planning and condominiums (Doctoral Dissertation [1980] on Cooperative and Condominium Housing). In addition to litigation support efforts in the Commercial Real Estate Sector, he has also undertaken Commercial Appraisal Reviews for many Commercial Bank Real Estate Departments and Governmental Agencies (FHLBB, FDIC, FSLIC, RTC) as well as Due Diligence Analysis in regard to real estate developments, restructurings, refinancing and acquisitions.

Via a sustained combination of - having served as a Commercial Banking Officer (NYC) specializing in the real estate industry, having served as Chairman of the Board of Directors for the Federal Home Loan Bank of Dallas of four (4) insolvent savings and loans with significant real estate involvements (during the late 1980's savings and loan crisis) and having served as a senior executive for three (3) real estate development organizations; these have enabled him to serve as an expert witness in much litigation. This litigation involves all aspects of commercial real estate, including - appraising (Licensed Commercial Texas Real Estate Appraiser and Real Estate Broker) mixed use developments (MXD), financing, securitization, refinancing, multi family housing, subdivision developments, mortgages, land planning and condominiums (Doctoral Dissertation [1980] on Cooperative and Condominium Housing).

In addition to litigation support efforts in the Commercial Real Estate Development Sector, he has also undertaken Commercial Appraisal Reviews for many Commerical Banks and Governmental Agencies (FHLBB, FDIC, FSLIC, RTC) as well as Due Diligence Analysis in regard to real estate developments, restructurings, refinancing and acquisitions.

In addition to business valuations and litigation support efforts in the overall Valuation Arena, he has also undertaken Commercial Appraisal Reviews for many Commercial Banks and Governmental Agencies (FHLBB, RTC, FDIC, FSLIC) as well as Due Diligence Analysis in regard to potential business and valuation transactions.

Business and ESOP Valuations
Fairness and Solvency Opinions Feasibility Studies Due Diligence Analysis for Investments in Real Estate and Corporate Business Ventures

Real Estate - Corporate Financial Investment Analysis and Feasibility Reports

Expert may consult nationally and internationally, and is also local to the following cities: Houston, Texas - Pasadena, Texas - Beaumont, Texas - College Station, Texas - Baytown, Texas - Bryan, Texas - Sugar Land, Texas - Port Arthur, Texas - Galveston, Texas - Missouri City, Texas

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Education

Year Degree Subject Institution
Year: 1980 Degree: Doctor of Public Administration (DPA) Subject: Urban Economics / Real Estate / Real Estate Development Institution: New York University ("NYU")
Year: 1972 Degree: Master of Arts Subject: Economics Institution: New York University ("NYU")
Year: 1969 Degree: Master of Business Administration Subject: Commercial Banking (International & Domestic) Institution: New York University ("NYU")
Year: 1967 Degree: Bachelor of Science Subject: Corporate Finance / Economics Institution: New York University ("NYU")

Work History

Years Employer Title Department Responsibilities
Years: 1982 to Present Employer: Undisclosed Title: Managing Director Department: Economic / Financial / Valuation Consulting Responsibilities: Principal and Founder of this Economic / Financial / Valuation and Litigation Support Consulting Organization, since 1982.
Years: 1980 to 1982 Employer: Allison/ Walker Development Interests, Inc. Title: Vice President Department: Real Estate Development Responsibilities: Responsible for the Financing and Development of Mid-Rise Commercial Office Buildings in and around the Greater Houston, Texas area.
Years: 1977 to 1980 Employer: Affiliated Capital Corporation Title: Assistant Vice President Department: Real Estate Development Responsibilities: Responsible for the Financing and Development of residential subdivisions in and around the Greater Houston, Texas area.
Years: 1973 to 1977 Employer: The Coventry Development Corporation Title: Corporate Director Department: Real Estate Acquisitions, Development and Management Responsibilities: Responsible for the Acquisition and Management of significant real estate of the billionaire Greek Shipper, Costas M. Lemos (deceased) and his Family in the United States and overseas.
Years: 1970 to 1973 Employer: Bankers Trust Company Title: Assistant Treasurer Department: Commercial Lending Responsibilities: Officer of a Major Money Market Commercial Bank in New York City. Bank has been acquired and merged in recent years.

Government Experience

Years Agency Role Description
Years: 1988 to 1990 Agency: Federal Home Loan Bank of Dallas Role: Bank Director for Insolvent Member Banks Description: Served as Chairman of the Board of Directors of four (4) insolvent savings and loans at the request of the Federal Home Loan Bank of Dallas.

International Experience

Years Country / Region Summary
Years: 1973 to 1977 Country / Region: Europe Summary: Managed Real Estate holdings for the Billionaire Greek Shipper, Costas M. Lemos (deceased) in Europe and in the United States.

Career Accomplishments

Associations / Societies
Member of - National Association of Business Economists, American Academy of Economic and Financial Experts, American Law and Economics Association, Houston Business Economists, National Forensic Center, National Association of Forensic Economists, American Economic Association, North American Economics and Finance Association, Southern Economic Association, Western Economic Association and the Finance Club and Money Marketeers, both affiliated with New York University.

Licenses / Certifications
Licensed Texas Real Estate Appraiser

Licensed Texas Real Estate Broker

Former holder of Series 7 and Series 63 Securities Licenses
Professional Appointments
Served as Chairman of the Board of Directors for the Federal Home Loan Bank of Dallas, as agent for the Federal Savings and Loan Insurance Corporation of - Acadia Savings and Loan Association, French Market Homestead Savings, Twin City Savings, First Savings of Louisiana.

Presently, the Senior Economist and a Director of Aztec Oil and Gas, a publicly traded corporation.
Awards / Recognition
Certificate - Loyalty and Excellence - Academic Service - Department of Finance - University of Houston, Graduate School of Business Administration.

Additional Experience

Expert Witness Experience
Have served as an Expert Witness in approximately 1,700 cases, on both sides of the aisle, throughout the United States since 1984. Cases are basically in the areas of - Economics, Corporate Finance, Economic Damages, Intellectual Property, Real Estate, Banking, Finance, Condominiums, Mortgage Financing and Securities.
Training / Seminars
Served as an Adjunct Professor of Finance and Real Estate for the period 1984 - 2002 at the University of Houston, Graduate School of Business Administration

Presently serves as an Adjunct Professor of Economics and Finance at the University of Phoenix (Houston Campus ) 2002 - Present.
Other Relevant Experience
Registered with the Securities and Exchange Commission as a Registered Investment Advisor under the 1940 Investment Advisors Act (Registered since 1985).

Fields of Expertise

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