MCS Associates is a nationally recognized consulting group that has provided financial, operations and regulatory/compliance consulting services nationwide to financial institutions, insurance companies and regulatory agencies as well as real estate and financial services organizations for over 30 years.

Expert Witness and Litigation Consulting are a primary focus of our services. We undertake expert witness assignments throughout the United States and our clients include several hundred leading law firms around the country, working on behalf of both plaintiff and defendant financial institutions, borrowers, depositors, investors, developers, insurance companies and their insured, securities/insurance/real estate brokers/agents, regulators and government agencies, and individuals.

Together with MCS Associates’ specialized resources in banking, financial services and real estate, we also draw on key strategic alliances in insurance, economics, academia and the securities industry to meet a wide range of expert witness needs. Our litigation experts include experienced bankers, lenders, consultants, regulators, managers, brokers & agents in insurance, real estate, and securities; insurance claims and underwriting managers; economists, accountants, appraisers, real estate analysts, and academics.

Areas of Expertise Include:

Banking Operations/Administration

Check Fraud

Lending Policies, Custom and Practice

Loan Underwriting & Credit Administration

Sub Prime Loan Originations, Underwriting, Securitizations & Servicing

Bankruptcy, Foreclosures and Workouts

Trust & Fiduciary Issues / Operations

Securities Brokerage & Investments

Valuations & Damages Analysis

Forensic Accounting

Employment / Compensation

Real Estate Brokerage & Management

Title Insurance & Escrow

Real Estate Appraisal & Transactions

Insurance Industry Custom & Practice

Insurance Coverages / Claims Handling

Insurance Bad Faith

Joel Finard is an Expert Witness in Financial Services Litigation. He has extensive knowledge of People, Processes and Technology in Financial Services. Mr. Finard has played a key role in many Complex and High Profile Investment Banking Litigations & NASD Arbitrations.

Areas of Expertise

Financial Services Litigation

Complex Structured Transactions - Tax Related Cases

Securities Trading and Pricing, Derivatives, Controls and Hedging

Market & Credit Risk Management

Investment Management

Background: Partner in charge of Deloitte & Touche's Capital Markets Practice - including Litigation Consulting, Financial Risk Management, & Trading Infrastructure. HongKong Bank - Sales & Trading of Securities. Travelers Insurance - Portfolio Manager of Derivatives and Investments. Columbia Business School - Taught Economics

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Over 27 years securities and expert experience, formal AIFA fiduciary training.

The expert who wrote a major Wall St broker dealers' compensation plan, accounting manual, margin account, money market mutual fund sweep policy, customer account surveillance compliance reports and designed one of the first structured products in the 1980s.

FiduciaryFORENSICS examines all parties and transactions. Fiduciary performance, breach of fiduciary duty, liability, damages analysis, model portfolio, recovery. Rule 405, Suitability, Supervision, Failure to diversify, Taxes, Asset Allocation, Hedge Funds, Private Placements, RMBS, CDO's, CDS, Disclosure, ADVs.

Compensation, Valuation training, recruit, retirement, raiding, termination, customer account distribution, payment for order flow, order flow profit, broker dealer or branch profit analysis, U5 or U4 issues in employment matters.

FINRA (NASD) securities Arbitration; Trust, Estate, Probate; ERISA defined benefit pension 401k & Profit Sharing plans; Charities, Not for Profits, Foundations, Endowments and Divorce, Marital Settlements, QDROs.

Additional Areas of Expertise - Compensation, Training, Employment

Stock broker, Series 7 licensees, Financial planner, CFP's, Supervisors, Branch manager, Regional and national Executives, Product Managers, External product Wholesalers, Product Coordinators, Traders, Stock Loan, Securities Lending, Prime Broker, Margin, Structured Products, Principal Protected products.

Branch and Regional P&L analysis, valuation, Product Marketing, Distribution, Sales Force and Market Penetration Studies.

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Craig A. Wolson acts as a Structured Finance and Derivatives Expert Witness and Consultant. He specializes in cases involving credit default swaps (CDS), collateralized debt obligations (CDOs), mortgage-backed securities (MBS) and other types of derivatives and securities.

Background Experience Includes:

Acting on behalf of 40,000 investors in $1.6 billion class action suit against bankrupt sponsor of special purpose issuer of notes secured by notes issued by CDO and credit default swaps with sponsor; acting on behalf of class led by two major pension funds against a major bank and numerous large underwriters involving mortgage-backed securities issued by several vehices established by the bank, and securities issued by the bank; acting on behalf of large investment bank defendant in arbitration proceeding brought by another large investment bank involving nine CDOS established by defendant; acting on behalf of large bank that had invested in now-worthless notes issued by SIV established by defendant banks; acting on behalf of large bank against another large bank that had sold the former CDOs and CDS.

Areas of Expertise:

Securitizations - Collateralized debt obligations (CDOs); collateralized bond obligations (CBOs); collateralized loan obligations (CLOs); asset-backed commercial paper (ABCP) programs; structured investment vehicle (SIV) programs; securitized credit-linked notes, equipment leases, railroad license agreements, and auto loans; and obligations of certified capital companies

Derivatives - Credit default swaps (CDS)

Carlo Scevola & Partners is an International Fiduciary Company headquartered in Geneva, Switzerland, with branches in six continents. We specialize in International Planning, Strategic Consulting and Wealth Management.

Our clients trust us for everything from setting up an Offshore Company to Mergers and Acquisitions to Business Finance and Asset Protection. CS&P’s customer-centric methodology ensures that each client gets a custom-tailored solution which addresses that business’ individual objectives and requirements.

Our team has expertise in every functional category and every important geography. From finance to operations to human resources to marketing – from the Americas to Europe to Africa, Asia and Oceania – CS&P can bring together experienced executives who know how to advise you and will make your enterprise a success. All this while always protecting your privacy.

Services Offered:

Business and Strategic Consulting

S.W.O.T. Analysis

Pre-investment Feasibility Studies / Competitive Background Assessments

Business Plan Research, Writing and Production

Strategy Definition / Implementation

Reworking of Operating Processes for International Suitability

Industrial Partnership Scouting / Matching

Tailor Business Model to Market Environment, Jurisdiction and Local Authorities Requirements

Corporate Finance:

Mergers, Acquisitions and CessionsCommercial Due Diligence or Investment / Financial Appraisals

Company Reorganization and Restructuring

Financial Feasibility Plans for Industrial Expansion

Scouting / Recruiting Highly Qualified Financial Management

Exit Strategies in the event of Buy-outs, Buy-ins, Spin-offs or MBOs, MBIs and LBOs

Listing on Stock Exchanges

Offshore Consulting:

International Tax Planning

Corporate Structuring, Maintenance and Trusts

International Contracts Law

Jurisdictions

Residency and Citizenship

International Banking

Logistic Support

Government Licenses

Aircrafts and Vessels

Intellectual Property

CS&P Operates In More Than 80 Countries Around The World.

Daniel Reser is the President of Fiduciary Services, Inc. Before this, he was a Vice President and manager for Wilmington Trust based in Santa Monica, CA, also of Bank of America and Security Pacific Bank. Mr. Reser has a J.D. from Southern Methodist Univ. In 1989 he graduated from the UCLA John Anderson Graduate School of Management Executive Program.

During his career Mr. Reser has administered and managed a wide variety of Governmental, Corporate and Union Retirement Plans as plan trustee. His current role as principal of an investment advisory firm includes acting as Fiduciary for Company Stock in Retirement Plans including ESOPs. He is a member of the Western Pension Benefits Conf., The ESOP Assn. and the NCEO.

Mr. Reser has also administered and managed corporate trust departments for bond issues, debentures, securitizations and structured finance issues for entities. He is certified by the American Bankers Assn. as a Certified Corporate Trust Specialist.

Mr. F. James Tennies is President and Co-Founder of InCap Group, Inc., an Investment Banking firm focused on the Investment Management and Securities Brokerage Industries. He is responsible for the overall direction of InCap Group, Inc. Mr. Tennies is actively involved with the firm’s merger and acquisition practice for asset management firms as well as other corporate finance assignments. He provides advice to buyers and sellers of asset management businesses.

Prior to joining InCap Group, Inc., Mr. Tennies was the Chief Administrative Officer of Legg Mason’s Asset Management Operations. Early in his career, Mr. Tennies practiced Corporate and Securities Law at Covington & Burling in Washington, D.C. He has served on the Board of the Forum for Investor Advice and has been a member of Institutional Investor’s International Mutual Fund Institute. He is quoted in Board IQ and other mutual fund publications. Mr. Tennies is currently a Trustee of the Historic Charles Street Association.

Services Provided:

Investment Banking

Mergers and Acquisitions

Capital Raising

Valuations and Strategic Advice

Mutual Fund Administration

Fairness Opinions

Pat McElroy, Jr. has more than 30 years of experience in the Banking Industry as a Regulator, Banker and Consultant. He has provided various management, lending, operational and regulatory services to financial institutions throughout the United States. Mr. McElroy has extensive experience as an expert witness and has been qualified in civil, criminal and bankruptcy proceedings. He is courtroom seasoned and also has high profile case experience.

Areas of Expertise:

Bank Policies and Procedures Forgery Fraud Lender Liability Lending Related Matters Bond Claims

Regulatory Compliance Credit & Collections Ordinary Care Employee Crime Industry Standards Bankruptcy Proceedings

Offices:

3900 No. Fairfax Dr., Suite 825 Arlington, VA 22203 (224) 587-6200

607 No. Drury Lane Arlington Heights, IL 60004

Robert Erwin Ross is an Expert Witness in the fields of Investment Securities and Bank Fraud / Letters of Credit.

Investment Securities: Vice President of Compliance and Operations for a NYSE Firm where he directed the activities of 44 support personnel and trained 148 stock brokers in preparation for NASD, NYSE and State Securities exams. His duties included daily oversight on trading activities, Reg "T", NASD complaints and filings, NYSE Client Services, portfolio reviews and broker oversight for compliance and trading activities. Mr. Ross prevented churning and any fraudulent trades by clients and supervised the Cashiering Dividend Dept., Support Staff and Trading Department.

Securities Expert Witness Qualifications:

Provided Opinions in 13 Arbitration and Mediations

Consulted Attorneys for Case Direction within Investment Securities and Regulatory Bodies

Interface with U.S. Treasure Dept (Securities Fraud ) and F.B.I. on Illicit Brokerage Trading, Mob Activities and Illegal Trading Manipulations

Banking / Letters of Credit : Mr. Ross has over 18 years of experience in International Trade and is one of very few who understand the complexities of Letters of Credit. He is familiar with all negotiable portions, including the usage of correspondent banks, presentation documents, instructions on when to confirm the letter of credit to beneficiary’s bank and client instructions to negotiate the letter of credit, eliminating excessive banking.

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