Expert Details

Expert in Sales, Trading, Accounting, Valuation of Financial Instruments-CMOs, bonds, stock, derivatives, etc

Expert ID: 730535 New York, USA

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Expert. Expert has analyzed excessive markup, damage calculations, churning, suitability, misrepresentation, securities fraud, and money laundering and valuation fraud. Expert. Expert is an expert in the sale, trading, accounting, valuation and compliance of financial instruments including collateralized mortgage obligations - CMOs (IOs, POs, inverse floaters, Z-bonds etc.), asset backed securities, government bonds, corporate bonds, municipal bonds, variable annuities, stocks, bonds, currencies, futures, options, swaps and derivatives.

Expert. Expert has testified at the Washington Mutual and Bayou Hedge Fund bankruptcies and 7 arbitrations. Expert. Expert has advised on the largest NASD arbitration award at the time; substantial recoveries for the investors of Askin Capital, Lancer and Beacon Hill; Expert. Expert is currently advising the investors of RA Stanford (second largest Ponzi scheme of all times); has investigated Bear Stearns mortgage hedge funds, ARS market collapse and has been quoted in Business Week; Expert. Expert has submitted a sworn affidavit to the US Supreme Court and survived both a Daubert motion and a motion in limini.

Expert. Expert was the chief operating officer of L.F. Rothschild and served on the board of directors of both the holding company and regulated broker-dealer. Expert. Expert worked at Merrill Lynch as assistant to the president of the mortgage backed securities department and was a founding member of the Merrill Lynch Asset-Backed Finance Group. Expert. Expert graduated from the University of Pennsylvania.

Expert may consult nationally and internationally, and is also local to the following cities: New York, New York - Yonkers, New York - Newark, New Jersey - Jersey City, New Jersey - Paterson, New Jersey - Elizabeth, New Jersey - Bridgeport, Connecticut - New Haven, Connecticut - Hartford, Connecticut - Philadelphia, Pennsylvania

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Year Degree Subject Institution
Year: 1980 Degree: BSE Subject: Civil Engineering Institution: University of Pennsylvania

Work History

Years Employer Title Department Responsibilities
Years: 1993 to 2012 Employer: Self Empoyed Title: CEO Department: Responsibilities: Self-employed independent financial consultant participating in various aspects of the legal process for both plaintiffs and defendants including analysis of discovery documents, preparation of discovery requests interrogatories and complaints, preparation and participation in depositions and analysis of tape recorded evidence.
Years: 1990 to 1993 Employer: Meridian Bank Title: Vice President Department: Responsibilities: Co-founded investment banking division for regional commercial bank.
Established marketing criteria for bank clients and trained bank personnel in identifying prospective clients.
Typical transactions included:
Raising private debt and equity for clients in the food service, death care, waste management, entertainment and snack food industries;
Financial restructuring for publicly-held, diversified holding company, including advisor to bankrupt subsidiary,
Sale of a publicly-held computer services company;
Refinancing of a private label credit card program for a 150 store chain of jewelry stores including the sale of $35 million of consumer receivables.

Years: 1988 to 1989 Employer: L. F. Rothschild Title: Director, Managing Director, Chief Operating Officer Department: Responsibilities: Negotiated acquisition of diversified investment banking firm.
Served on the three member Board of Directors of both the holding company and registered broker/dealer.
Implemented exchange offer for debt and termination of currency swap.
Executed asset sales including risk arbitrage and discount utility departments, restricted stock positions, limited partnership interests, leasehold assets, and computer and communication equipment.
Renegotiated various real estate and equipment leases.
Supervised litigation backlog of over 120 cases.
Implemented risk management system.
Oversaw quarterly incentive compensation plan.
Served on investment banking commitment committee.
Evaluated and monitored profitability of various business units.
Years: 1987 to 1988 Employer: Merrill Lynch Title: Vice President Department: Asset-backed Finance Group Responsibilities: Participated in all aspects of transaction execution including relationship management, numerical analysis, documentation, rating agency approval, etc.
Founded and implemented special purpose corporation used to securitize various assets.
Served as Director and Chief Executive Officer of ML Asset-Backed Corporation ('MLABC").
Successfully received SEC approval for shelf registration.
Received SEC approval for shelf registration for mobile home assets.
Typical transactions included:
Public and private financings of mobile home and recreational vehicle assets.
Private financing secured by receivables on vacant, recreational land.
Credit card receivable-backed cornmercial paper program for Bank One, NA.
Exchange of auto loan receivables for MLABC corporate securities for a subsidiary of Ford Motor Company.
Public financings secured by home equity loans.
Presented receivable-backed commercial paper structures to industry conference.

Years: 1985 to 1987 Employer: Merrill Lynch Title: Assistant to the President Department: Mortage Backed Securities Responsibilities: Coordinated mortgage trading, institutional sales, operations and systems departments in smooth execution of mortgage-backed transactions.
Reduced cost of execution errors by $2 million per month.
Implemented program to distribute mortgage products through retail (individual investor) sales force.
Implemented program to distribute mortgage products through Tokyo, Hong Kong and Singapore offices.
Coordinated execution of large CMO transactions.
Monitored risk exposure of mortgage products.
Coordinated financing of firm and customer positions.
Implemented trade processing system for mortgage products.
Implemented training program for firm personnel on mortgage products.
Years: 1984 to 1985 Employer: City of Albuquerque Title: Senior Transportation Engineer Department: Transportation Department Responsibilities: Supervised staff of 15 in development and monitoring of transportation planning process for this high growth region. Registered Engineer #9284.
Years: 1980 to 1984 Employer: Harland Bartholomew & Associates Title: Transportaion Engineer Department: Responsibilities: Project manager for 1-95 rehabilitation project in Ft. Lauderdale, FL.
Developed transportation plans for Tallahassee, Manatee County and Panama City, FL

Additional Experience

Expert Witness Experience
1- Washington Mutual
United States Bankruptcy Court for the District Of Delaware
In re Washington Mutual Inc, et. al.
Chapter 11 Case No. 08.-012229 (MFW)
Submitted an expert report, was deposed and testified.

2- Bayou Group
United States Bankruptcy Court for the Southern District of NY
In re BAYOU GROUP, LLC, et al, Debtors Chapter 11 Case No.: 06-22306
Submitted an expert report, three sworn affidavits and testified.

3- Kaplan Nathan
AAA Arbitration
212 Investment Corporation et al. v Myron Kaplan et al. AAA No.
Submitted an expert report and testified.
4- Beacon Hill
a-Supreme Court of the State of New York County of New York
Theo Bullmore & Phillip Stenger, as Joint Official Liquidators of
BEACON HILL MASTER LTD. (In Official Liquidation)
vs. Ernst & Young Cayman Islands et al.
Index No. 104315/05
Served as lead consulting expert for JOLs 2004 to Present (cases settling)

b-Alteram SA et al. v. Beacon Hill Asset Management 03 Civ 2387
Served as lead consulting expert for Investor Group 2004 to 2008 (cases settled)

5- Lancer
United States District Court Southern District of New York
The Pension Committee of the University of Montreal Pension Plan, et al
vs. Banc of America Securities, LLC, et al
1:05-CV-09016 (SAS) (FM)
Served as lead consulting expert to Investor Group 2004 to 2010 (cases settled)

6- Askin Capital
a-Re: Granite Partners et al. Debtors Case 94 B 41683-5
b-Granite Partners et al v. Bear Stearns et al. 96 Civ 7874
c-ABF Capital et al v. Askin Capital et al. 96 Civ 2978
Served as lead consulting expert for Estate Claims and Investor Group 1994-2000 (cases settled)

7- FCS Managed Currency
FCS Managed Currency et al. v. Refco Capital Index # 60271/00 (case settled)
Served as lead consulting expert for Fund (manager in prison in UK)

8- Michael Newman
United States Supreme Court Appeal
USA v. Michael Newman et al. CR 99-697 (client is serving sentence)
Submitted a sworn affidavit.

9- David Gwynn
United States District Court District of Connecticut
David W. Gwynn and Raquel Gwynn v. Nation Union Fire Insurance Company of Pittsburgh et al. (Civil Action No. 3:03-CV-1154)
Submitted an expert report, was deposed and survived a Daubert motion.

10- NASD Arbitrations
NASD proceeding captioned Carl M. Crawford, et al. v. A. G. Edwards, et al. (NASD 01-05788);
NASD proceeding captioned William Booth, et al. v. John R. Gunnip, et al. (NASD 03-06179);
NASD proceeding captioned William R. Stapp v. Sunamerica Securities, et al. (NASD );
NASD proceeding captioned Barren Hill Investments, Ltd. v. Divine Capital Markets, LLC (NASD 03-06988);
NASD proceeding captioned Frank Iovanella v. Salomon Smith Barney (NASD 03-05254);
NASD proceeding captioned Ian Allena v. Prudential Securities, et al. (NASD 04-02884);
Submitted an expert report and testified
Training / Seminars
Mortgage Backed Securities and Asset Backed Securities

Fields of Expertise

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