Expert Details

Finances & Financial Planning Forensics, Real Estate Disputes, Bankruptcy Litigation, etc.

ID: 725394 California, USA

Over 35 years of hands-on experience as a financial and real estate consultant to various title companies, corporations, CPA's, attorneys, partnerships, credit unions, non-profit organizations and individuals. For the last 25 years, major focus has been in individual fee financial planning. Expertise has covered investment analysis and monitoring, estate and pension planning, living trusts, charitable gifting, sales and management (stocks, bonds, partnerships, insurance, REIT's and mutual funds), retirement planning, life and disability insurance review, security arbitrations, taxation and national and international economic analysis. Offer expert testimony on brokerage and financial issues. Have written and taught extensively in the field.

Authored the largest (4,000+ pages and 1,650+ links) and most comprehensive independent financial planning site on the Internet designed for consumer education and knowledge.

Authored two real estate courses granting 9 and 21 hours of continuing education by the California Department of Real Estate. Material was used in courses at several colleges including UC Irvine as part of Certificate program.

Authored additional courses in Long Term Health Care, College Funding, Business Continuation, Investments, Trustee Selection and Charitable Gifting.

Array

Defendant for libel regarding viatical settlements. Plaintiff for trust against "bankrupt" annuitant. SettledReport for insurance company defending complaint regarding major wealth management firm in New York. Report for defense on fraudulent conveyance of real estate properties.

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Education

Year	Degree	Subject	Institution
Year: 1980	Degree: Phd, MBA	Subject: Real Estate	Institution: University of Beverly Hills
Year: 1991	Degree: MSFP	Subject: Financial Planning	Institution: College for Financial Planning
Year: 1974	Degree: LLB	Subject: Law	Institution: LaSalle
Year: 1966	Degree: BSCE	Subject: Civil Engineering	Institution: Worcester Polytechnic

Work History

Years	Employer	Title	Department
Years: 1972 to Present	Employer: Undisclosed	Title: owner	Department:
Responsibilities: He is a financial and real estate consultant to various title companies, corporations, CPA's, attorneys, partnerships, credit unions, non-profit organizations and individuals. For the last 28 years, his major focus has been in Individual Fee Financial Planning.

Career Accomplishments

Licenses / Certifications
CFP, Life and Disability Insurance Analyst, Real Estate Broker, B-1 General contractor

Publications and Patents Summary
Authored courses accepted for securities continuing education in financial planning, estate planning, taxation and tax planning, investments and suitability, ethics, retirement planning and insurance and annuities. (1996) Authored course accepted for 4 hours of continuing education by the State Bar of California (1995). Author of “Practical Investment Theory and Application”- the only investment continuing education course ever approved by the California State Bar (2008) Author of “Practical Life Insurance and Annuities Analysis and Application”- the only course on life insurance and annuities ever approved for continuing education by the California State Bar (2009) Author of “ELDER INVESTMENTS: A Critique of Professional and Consumer Mediocrity”, Marquette University Law School (2009) Has been published/quoted in numerous business magazines (San Francisco Chronicle, California Broker, Investment Adviser, Smart Money, Wall Street Journal, New York Times, Money Magazine, National Underwriter, Consumer Reports, Mutual Funds Magazine, Life Insurance Selling, Parenting Magazine, Realtor Digest, Corporate Finance, Numerous national newspapers, Registered Investment Adviser, Ticker magazine, Orange County Register, etc.) and have been interviewed frequently on local and national radio and TV.

Publications and Patents Summary

Authored courses accepted for securities continuing education in financial planning, estate planning, taxation and tax planning, investments and suitability, ethics, retirement planning and insurance and annuities. (1996)

Authored course accepted for 4 hours of continuing education by the State Bar of California (1995).

Author of “Practical Investment Theory and Application”- the only investment continuing education course ever approved by the California State Bar (2008)

Author of “Practical Life Insurance and Annuities Analysis and Application”- the only course on life insurance and annuities ever approved for continuing education by the California State Bar (2009)

Author of “ELDER INVESTMENTS: A Critique of Professional and Consumer Mediocrity”, Marquette University Law School (2009)

Has been published/quoted in numerous business magazines (San Francisco Chronicle, California Broker, Investment Adviser, Smart Money, Wall Street Journal, New York Times, Money Magazine, National Underwriter, Consumer Reports, Mutual Funds Magazine, Life Insurance Selling, Parenting Magazine, Realtor Digest, Corporate Finance, Numerous national newspapers, Registered Investment Adviser, Ticker magazine, Orange County Register, etc.) and have been interviewed frequently on local and national radio and TV.

Additional Experience

Expert Witness Experience
During 2005, the following reports were prepared for court or arbitration process. 1. Defendant for libel regarding viatical settlements. Suit dismissed 2. Plaintiff against American Express and CFP regarding fraud and breach of fiduciary duty. Settled for plaintiff. 3. Defendant for sentencing on a Federal Case regarding international bond trading scheme. Reduced sentence. 4. Defendant in alleged illegal trading. Suit dismissed. 5. Plaintiff for trust against "bankrupt" annuitant. Settled for plaintiff. 6. Continuing effort for plaintiff against CFP and CFP Board of Standards for breach of duty on life insurance sales. $977,000 current proceeds. 2006: 1. Report for defendant on breach of fiduciary duty by a charity. 2. Pro bono filing against CFP with the Florida Department of Financial Services. Department is doing a full investigation at present. 3. Report against several insurance companies in New York for breach of duty against fire department personnel regarding defined benefit programs. Ongoing. 4. Report against major insurance company regarding retiree sold index annuity instead of taking pension. Ongoing. 5. Report for insurance company defending complaint regarding major wealth management firm in New York. Settled. 6. Defense for defendant on elderly abuse. Reduced sentence. 7. Plaintiff for beneficiary of 100 year old mother regarding breach of fiduciary duty, negligence, churning, etc. 2007: 1. Report for lawsuit regarding partner in termination of Financial Planning partnership. 2. Arbitration on losses sustained by elderly client. 3. Report for defense on fraudulent conveyance of real estate properties. 4. Analysis for Life Settlement commission dispute. 5. Plaintiff for elderly fraud in Tennessee. 6. Continuing effort against Florida CFP has now initiated formal investigation.. 7. Case involving participating insurance contracts written in the late 1940s. 2008 1. Defense for telephone solicitor of debit cards. 2. Report for divorce on cost of long term care for elderly parent 3. Report against CFP breaching fiduciary duty to clients 4. Report on employee firing by major B/D 5. Consultant for major insurance firm regarding fraudulent/ irresponsible sales.

Expert Witness Experience

During 2005, the following reports were prepared for court or arbitration process.

1. Defendant for libel regarding viatical settlements. Suit dismissed
2. Plaintiff against American Express and CFP regarding fraud and breach of fiduciary duty. Settled for plaintiff.
3. Defendant for sentencing on a Federal Case regarding international bond trading scheme. Reduced sentence.
4. Defendant in alleged illegal trading. Suit dismissed.
5. Plaintiff for trust against "bankrupt" annuitant. Settled for plaintiff.
6. Continuing effort for plaintiff against CFP and CFP Board of Standards for breach of duty on life insurance sales. $977,000 current proceeds.

2006:
1. Report for defendant on breach of fiduciary duty by a charity.
2. Pro bono filing against CFP with the Florida Department of Financial Services. Department is doing a full investigation at present.
3. Report against several insurance companies in New York for breach of duty against fire department personnel regarding defined benefit programs. Ongoing.
4. Report against major insurance company regarding retiree sold index annuity instead of taking pension. Ongoing.
5. Report for insurance company defending complaint regarding major wealth management firm in New York. Settled.
6. Defense for defendant on elderly abuse. Reduced sentence.
7. Plaintiff for beneficiary of 100 year old mother regarding breach of fiduciary duty, negligence, churning, etc.

2007:
1. Report for lawsuit regarding partner in termination of Financial Planning partnership.
2. Arbitration on losses sustained by elderly client.
3. Report for defense on fraudulent conveyance of real estate properties.
4. Analysis for Life Settlement commission dispute.
5. Plaintiff for elderly fraud in Tennessee.
6. Continuing effort against Florida CFP has now initiated formal investigation..
7. Case involving participating insurance contracts written in the late 1940s.

2008

1. Defense for telephone solicitor of debit cards.
2. Report for divorce on cost of long term care for elderly parent
3. Report against CFP breaching fiduciary duty to clients
4. Report on employee firing by major B/D
5. Consultant for major insurance firm regarding fraudulent/ irresponsible sales.

Training / Seminars
Has conducted seminars and classes on most financial and real estate issues to Chambers of Commerce, Corporations, Teachers, Union Officials, Securities and Insurance firms, Universities, American Association of Individual Investors, National Association of Personal Financial Advisers, Senior Groups, etc. to groups to 200.

Marketing Experience
He is the author of one of the largest and most comprehensive independent financial planning sites designed for consumer knowledge and protection that also debunks the marketing and product hype of the securities, insurance and financial planning industries and agents.

Other Relevant Experience
The most extensive background in financial planning in the U.S.

Fields of Expertise

annuities, arbitration, bond, disability insurance, economics, finance, Financial Industry Regulatory Authority, financial malpractice, insurance, investment, life insurance, mutual fund, securities finance, earnest payment, estate, highest and best use, insurable value, International Valuation Standards, investment value, market value, property law, real estate brokering, real estate contract, real property, residential property, taking, financial planning, securities fraud, investment management, retirement planning, accounting fraud, life insurance claim, accounting ethics, payment, money, payment terms, employee pension, fraudulent conveyance, viatical settlement, nonprofit organization, insurance underwriting, suitability of investments, Florida real estate, broker ethics, elder abuse, real estate dispute, insurance dispute, broker dispute, annuity insurance, tax planning, real estate appraisal, eminent domain, economic development, legal ethics, tax, derivative (finance), commodities, futures (finance), governmental investigation, commercial real estate, pension fund, hedge fund, business ethics