Washington, DC
P 202.370.9979
F 202.419.1816
mpetron@invotex.com
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Michael J. Petron, a managing director with Invotex, provides a variety of litigation consulting services, including commercial damages, complex financial transactions, fraud investigation and forensic accounting. Mr. Petron has more than 10 years of statistical and financial consulting experience, which encompasses consulting on a number of significant litigation matters involving fraud investigations, intellectual property damages and accounting malpractice matters. Many of his engagements have involved examining large numbers of documents, developing databases and performing statistical, financial and accounting analyses. He has also calculated lost profits and reasonable royalty damages in addition to leading document reviews, preparing reports and assisting counsel during depositions and trial. Representative examples of his case experience have included:
- Consulting on behalf of a Fortune 50 company officer charged with accounting malpractice. Mr. Petron leads a team that is analyzing the company’s accounting records and the reports and supporting papers of its current and former auditors, which has involved reviewing hundreds of depositions and interview memoranda. Also has assisted counsel during numerous depositions and the preparation of approximately 20 expert reports.
- Provided forensic accounting expertise to the Department Justice’s Enron Task Force. His responsibilities included investigating the personal financial structures of the senior executives to uncover possible illegal acts and find potential assets for forfeiture. His analyses included asset tracing for millions of dollars of securities transactions and drafting rebuttals for all foreseeable defenses. His efforts directly lead to the indictment and subsequent conviction of one senior executive on four counts of fraud. Mr. Petron conducted numerous witness interviews, reviewed hundreds of boxes of documents and assisted counsel in all aspects of trial.
- Investigated a bank’s culpability in a major, drug-related money laundering operation. He assisted the U.S. Department of Justice with identifying illegal proceeds and their subsequent movements through the bank. He then analyzed deficiencies in the bank’s policies and procedures and made recommendations on improving those policies and procedures to preclude subsequent illegal activity.
- Supported the Department of Justice’s investigation and conviction in the $2.9 billion fraud scheme of Lee B Farkas, chairman of Taylor, Bean and Whitaker (TBW). During 2009 TBW was one of the largest privately held mortgage lending companies in the U.S. The fraud scheme also contributed to the failure of Colonial Bank, one of the 25 largest banks in the country.
Prior to joining Invotex Group, Mr. Petron was with a regional accounting and consulting firm. He also spent two years with a national consulting firm, where he provided statistical, analytical and technical support to litigation cases, and another year in the U.S. Department of Justice’s Office of Immigration Statistics. He holds a bachelor of science degree in economics and statistics from The George Washington University and a master of science degree in statistical science from George Mason University. He is a member of the American Institute of Certified Public Accountants, Virginia Society of Certified Public Accountants, Association of Certified Fraud Examiners, Washington Statistical Society and the American Statistical Association. Mr. Petron is a Certified Public Accountant and a Certified Fraud Examiner. |
