Vincent D’Amelio

Managing Director

Navigant Consulting

666 Third Avenue

New York, NY 10017

Tel:   646.227.4221

Fax:  646.227.4299

vdamelio@navigantconsulting.com

Professional History

·    Director, Navigant Consulting

·    Director, KPMG Forensic

·    Vice President, Forensic Accounting and Claims, Reliance National Insurance Company

·    Director of Forensic Accounting, AIG Fidelity Claim Department

·    Senior Financial Investigator, New York County District Attorney’s Office

·    Insurance Examiner, New York State Insurance Department

Professional Certifications

·    Certified Public Accountant (CPA)

Affiliations

·    New York University – Lecturer on Investigative and Forensic Accounting

Vince is a Managing Director in Navigant Consulting’s Litigation & Investigations practice.  His experience assisting companies and clients with complex accounting and litigation issues spans over 18 years.  He specializes in forensic accounting investigations relative to asset misappropriation, financial statement fraud, insurance claims, construction matters and regulatory compliance.  His experiences in public accounting as a Certified Public Accountant combined with various experiences, including senior claims executive positions at two major insurance carriers and law enforcement investigative experience at the New York County District Attorney’s Office, provides him with a broad base of technical and investigative knowledge that affords him the opportunity to add significant value to each engagement.  Prior to joining Navigant, Vince was a Director in KPMG’s Forensic Practice.

Monitoring and IPSIG Experience

·      Led a team of over 80 professionals responsible for the financial oversight of all construction contractors’ billings relating to the demolition and debris removal at the World Trade Center site.  Reviewed and analyzed all construction manager and subcontractor invoices.  Work involved 24 hour a day, 7 days a week field monitoring of trade labor, equipment usage and material deliveries.  Served as liaison between KPMG and all city, state, and federal agencies involved in the cleanup, including, FEMA, NYC Department of Design and Construction, NYC Department of Investigation, NYC Office of Management and Budget, NYPD, FDNY and various other entities.

·      Led the court appointed monitorship of 13 private waste haulers indicted for unfair business practices, extortion, labor racketeering and RICO.

·      Led a law enforcement appointed IPSIG of a major plumbing contractor accused of paying kickbacks to organized crime.

·      Led a law enforcement appointed IPSIG of a major elevator contractor accused of bribing NYC building inspectors.

Forensic Accounting Experience

·      Led an investigation of financial statement fraud at the nation’s largest commercial equipment rental company.  Issues included: purchase accounting, goodwill impairment charges, bad debt reserve accounting and accounting for minor sales leasebacks.  Reported findings to the SEC and worked with corporate counsel to ensure the accuracy of regulatory filings.

·      Conducted an investigation of financial improprieties at a privately held sub-prime mortgage servicing company.  Traced all invested funds to their ultimate disposition to support claims that the managing partners of the entity had misappropriated the investing partners investment of over $300 million.

·      Assisted the court appointed receiver of a mortgage servicing company and mortgage backed securities firm (Churchill Financial) in determining the disposition of assets.  Reconstructed all loan accounts including all cash receipts and ultimate cash distributions to determine the nature and extent of fraud committed.  Assisted counsel in reporting the financial condition of the entity to the bankruptcy court.  The results of the investigation were used to assist the US Justice Department in securing a guilty plea by the principal of the entity.

·      Conducted an investigation of a mortgage servicing company in Brooklyn, NY on behalf of Fannie Mae.  Allegations included the misapplication of borrowers’ payments and misappropriation of funds by officers of the entity.

·      Conducted an investigation of embezzlement by the Controller of a NY based not-for –profit secondary mortgage lender.  Work resulted in the filing of a fidelity bond claim and recovery of over $1.2M for the client.

·      Led an investigation of backdating of employee stock options.  Worked closely with counsel for management of a major IT company to address all issues raised by the Special Committee of the Board of Directors and the SEC.

·      Led an investigation of alleged financial statement fraud involving improper accounting for reserve accounts, depreciation expense and lease transactions at a multi national consumer electronics company.  Reported findings to General Counsel and Special Committee of the Board of Directors.

·      Conducted an investigation of employee theft at a commercial tool manufacturer.  Prepared resulting proof of loss submitted to client’s fidelity insurance carrier.  Testified as an expert witness in Federal Court.  Client received a favorable verdict and a jury award in excess of $700,000.

·      Conducted an investigation of alleged financial statement manipulation of loan reserves for an auto leasing entity.

·      Conducted an investigation of alleged financial statement manipulation of accounts payable and year-end expense accruals for a multi media conglomerate.

·      .Conducted a forensic accounting investigation of a Managing Director of a major securities clearing firm accused of accepting payments in return for favorable treatment to suspect broker dealer firms.

·      Conducted an investigation of improper transactions and financial statement manipulation by a foreign exchange and interest rate options trading desk for a large financial institution.

·      Conducted an internal control review and assisted in implementing fraud prevention controls at a Puerto Rico based property and casualty insurance company.

·      Conducted a review of internal controls relative to ticket sales and distribution at the New Jersey Performing Arts Center.

·      Participated in the investigation of New York City’s plumbing unions resulting in the conviction of numerous organized crime figures for labor racketeering and RICO.

·      Conducted investigations on behalf of two trade labor unions into violations of prevailing wage laws. 

·      Participated in the investigation of New York City’s newspapers drivers union resulting in the conviction of numerous organized crime figures for labor racketeering and RICO.

·      Conducted covert investigation and surveillance of alleged fraud at auto emissions inspection stations for the state of Connecticut.

Regulatory Compliance Experience

·         Conducted an investigation of violations of the FCPA for a US based international construction company.  Investigation involved the tracing of cash to identify illicit dealings with government officials and interviews of witnesses and target of investigation in Manila, Philippines.

·         Conducted a covert investigation of violations of the FCPA for a US based international hotel chain.  Investigation included an analysis of all aspects of the purchasing and procurement functions within the organization as well as interviews of witnesses and targets of investigation in Kuala Lumpur, Malaysia and Saigon, Vietnam.

·         Conducted an investigation of employee theft for a major US consumer products company.  The project included the investigation of possible violations of the FCPA and  interviews of witnesses and document analysis in Panama City, Panama

·         Conducted an investigation of possible violations of the FCPA for the Audit Committee of a US based telecommunications company doing business in China.  Investigation involved the analysis of disbursements made related to the China business concern and acquisitions made by the company in the Far East.

·         Conducted an extensive analysis of private banking transactions for a major US bank entity.  Analysis resulted in the identification of numerous suspicious transactions in violation of OFAC and AML regulations reported to the federal government.

·         Investigated allegations of late trading and market timing at a branch of a major US mutual fund company.  Prepared attorneys for presentation to the SEC, Department of Justice and the Massachusetts Securities Division.

Previous Positions Held

·      Served as Northeast coordinator for all KPMG audits requiring SAS 99 evaluations.  Responsible for the evaluation of internal controls and anti fraud measures of organizations in various industries including, financial services, manufacturing, retail and construction.  Interviewed senior management to evaluate corporate governance, ethics programs, and tone at the top and anti fraud controls.

·      As Faculty Coordinator, created a five-course syllabus currently being used at New York University’s School of Continuing and Professional Studies leading to a Certificate in Forensic Accounting.  Taught Introduction to Investigative and Forensic Accounting.

·      Served as Vice President of Forensic Accounting and Claims for a start up division of Reliance National Insurance Company assisting in the development of financial based earnings protection and finite risk insurance products.

·      Served as Director of Forensic Accounting for AIG’s Fidelity Bond Claim Department.  Responsible for the forensic accounting investigation of all accounting related matters associated with worldwide fidelity claims.

·      Served as a Senior Financial Investigator in the New York County District Attorney’s Office Financial Crimes Bureau.  Conducted and supervised forensic accounting criminal investigations of various types of white-collar-crime.