Securities Fraud Expert Witnesses: 9

Expert witness testimony for complex litigation involving damage analyses of lost profits, reasonable royalties, lost earnings, and lost value of business, forensic accounting, fraud investigation, investigative analysis of liability, marital dissolution, and tax planning and preparation. Excellent communicators with extensive testimony experience. Prior Big Four accountants. Specialties include: accounting, antitrust, breach of contract, business interruption, business dissolution, construction defects, delays and cost overruns, fraud investigation, asset tracing, intellectual property including patent, trademark and copyright infringement and trade secrets, malpractice, marital dissolution, personal injury and employment litigation, product liability, real estate, securities, spousal support, taxation, unfair advertising, unfair competition, valuation of businesses, and wrongful termination.

Experts:

Business Litigation and Valuation Barbara Luna, PhD, CPA, CFE, ASA,     CVA, ABV, CGREA, CCRA, CREA John Luna, JD/MBA, CPA, ABV, CFF Dean Atkinson, CPA, CFE, ABV, CAC, CFF David Turner, CPA, ABV, CFF Drew Hunt, MBA, CPA, ASA

Personal Injury / Employment Litigation Barbara Luna, PhD, CPA, CFE, ASA,     CVA, ABV, CGREA, CCRA, CREA Venita McMorris, MA

Dr. Barbara Luna is the partner in charge of the commercial litigation department of White Zuckerman. She has been providing Forensic Accounting, Economic Damages, Valuation, and Expert Witness Services for the past 30 years and has testified in court over 450 times. She has a PhD in Applied Mathematics from Harvard University with application to Physics and Finance and a BA in Physics from Wellesley College. Barbara is a Certified Public Accountant, a Certified Fraud Examiner, an Accredited Senior Appraiser in Business Valuation, a Certified Valuation Analyst, Accredited in Business Valuation, a Certified General Real Estate Appraiser, and a Certified Financial Forensic. She previously was a partner with Coopers & Lybrand and has taught working capital management, business finance, forensic accounting and intermediate accounting at UCLA Graduate School of Management, California State University at Northridge and Pepperdine University.

John Luna is a partner in the commercial litigation practice of White Zuckerman. He analyzes Financial, Accounting, Economic Damages, Business, Real Estate and Valuation issues and testifies as an expert witness on his findings. He has been an investment banker with Macquarie Capital, GCA Savian and Lazard. John has a JD from UCLA School of Law (Order of the Coif), an MBA from UCLA Anderson School of Management (Edward W. Carter Fellow), and an AB in Engineering Sciences from Harvard University. He is a Certified Public Accountant, Accredited in Business Valuation, a Certified Financial Forensic and a member of the California Bar.

Dean Atkinson is a partner in the commercial litigation practice of White Zuckerman. He has testified as an expert witness in Commercial Litigation and Family Law Matters and has been involved in Resolution and Settlement Negotiations since 1987. He holds credentials from the AICPA as a Certified Public Accountant, Accredited in Business Valuation and Certified Financial Forensics and from the Association of Certified Fraud Examiners. Dean is experienced and has qualified as an expert in business valuation, business litigation and family law matters.

Venita McMorris is a partner and an Economist in the Personal Injury and Employment practice of White Zuckerman. She has been providing economic damages and expert witness services for over 20 years and has testified extensively in court. She has a Master of Arts degree in Economics from California State University, Fullerton and a Bachelor of Arts degree from San Diego State University. She previously was a manager with Coopers & Lybrand and an economist with a medical malpractice trust in Southern California. Venita has taught macroeconomics and microeconomics to college students at Pasadena City College as a full-time tenured instructor and at Glendale Community College as a part-time instructor.

Los Angeles 15490 Ventura Boulevard, Suite 300 Sherman Oaks, CA 91403 Phone: (866) 981-4266 or (818) 981-4226 Fax: (818) 981-4278 Email: expert@wzwlh.com Website: www.wzwlh.com

Orange County 4 Park Plaza, Suite 200 Irvine, CA 92614 Phone: (949) 219-9816 Fax: (949) 219-9095 Email: expert@wzwlh.com Website: www.wzwlh.com

Max Holmes has over 40 years of experience in Finance as a portfolio manager, research analyst, board member, lawyer, NYU Professor and expert witness.

Mr. Homes has been an Adjunct Professor of Finance at the Stern Graduate School of Business at New York University, teaching “Bankruptcy and Reorganization” since 1993.  He has been the Chief Investment Officer / Lead Portfolio Manager for two large hedge funds ($2.7 billion and $5.4 billion of peak AUM) as well as an insurance company portfolio and a mutual fund portfolio.

 The funds invested in credit, capital structure arbitrage, distressed debt, rescue finance, direct lending, specialty finance, event stocks and special situations securities, including long and short positions. The funds invested across the capital structure: bank debt, DIP loans, second lien debt, secured and unsecured bonds, floating rate and fixed rate notes, trade claims, preferred stock, common stock, put and call options and credit default swaps (CDS). Investments were in a variety of businesses, public and private, including startups, venture capital, infrastructure, leveraged buyouts, private equity, turnarounds, restructurings, bankruptcies and liquidations. Direct lending was conducted through a Business Development Company (BDC) ($1 billion assets under management). Mr. Holmes has analyzing thousands of companies and investment opportunities over his career.

Areas of Expertise:

Annuities Antitrust Arbitration Bankruptcy Business Litigation Business Valuation Class Action Contract Disputes Corporate Governance Cryptocurrency and Bitcoin Due Diligence (Investments) Economic Damages Health Insurance Hedge Funds Investment Banking

Investment Management Lending & Risk Management Leveraged Buyouts Lien Enforcement Life Insurance Loan Trading Mediation Mergers and Acquisitions Private Equity Investing Reinsurance Securities / Stock Litigation Securities Arbitration / Mediation Turnaround Management & Investing Wall Street Custom and Practices View More Specialties

Mr. Holmes has been the Chair and CEO of a life, health and annuity insurer and reinsurer and has been an independent director of a large bitcoin mining company. He worked in investment banking, research, trading and capital markets at Drexel Burnham Lambert, Salomon Brothers, NatWest Markets and Royal Bank of Canada. Since 2015, Max Holmes has been a Senior Advisor to American Industrial Partners LLC, a private equity firm with $16 billion of AUM.

David Tilkin is a Litigation Support and Expert Witness specialist with over 40 years of experience in the Securities Industry and over ten years of experience in the Compliance Software Industry. Mr. Tilkin has been providing litigation and expert witness services at varying degrees since 2000 when he left First Union Securities to start Protegent.

The Tilkin Group has been singly involved with litigation support and providing expert witness services since 2008. The efforts of the Tilkin Group have supported both private practice attorneys litigating against the securities industry and supported the efforts of financial service firms in their defense of claims.

Mr. Tilkin currently maintains a Series 65 license and has previously maintained a Series 63, 7, 8, 4 and insurance licenses. He has extensive training in the securities industry as a broker, manager and regional director. He has leveraged his intensive background in all aspects of broker-dealer operations, has been retained in over 200 cases, and testified in 85 cases around issues of suitability, supervision, and raiding and sales practices.

David Tilkin has published numerous articles on the issues of suitability, supervision and financial services software. He offers substantive, compelling opinions to support effective legal strategy in the following areas:

Arbitration Failure to Supervise Financial Services Breach of Fiduciary Duty Unauthorized Trading Authentication, Authorization & Accounting Churning

FINRA JAMS Misrepresentations / Omissions NASD Raiding Securities Forensics Analysis Suitability

View The Tilkin Group's Consulting Profile.

Thomas M. Selman, CFA, has served at the Financial Industry Regulatory Authority, most recently as Executive Vice President for Regulatory Policy and Legal Compliance Officer, for over 20 years. Mr. Selman oversaw more than a dozen regulatory programs and developed FINRA's formal Compliance Program. He is devoted to investor protection and market integrity.

Mr. Selman holds a JD degree., a CFA charter, and a CBDA from the Digital Assets Council of Financial Professionals. He is a member of three state bar associations.

Litigation Support - As President and CEO of Scopus Financial Group, Mr. Selman provides expert testimony in litigation for any consumer, industry, or associate person who is litigating a matter in which SEC or FINRA rules is an issue, including civil actions brought by customers, industry disputes, and commercial litigation. He has successfully testified in four FINRA arbitrations, one Delaware Chancery Court trial, one AAA arbitration, one United States District Court case, one California court case, and one SEC enforcement matter. Mr. Selman's senior regulatory experience allows him insight into the best approaches to expert testimony and the concerns of a regulator.

Areas of Expertise:

• Rules governing supervision of associated persons of broker-dealers and investment advisers
• Required written supervisory procedures of firms
• Sales practice rules of the SEC (such as the fiduciary duty of investment advisers and Reg BI)
• The 1940 Acts

View Scopus Financial Group's Business Consultant Profile.

Braden M. Perry specializes in complex Financial Regulation, Enforcement, and Compliance Matters involving Commodities, Futures, Derivatives, and Securities. He is skilled in distilling highly technical and complex subject matter into clear, logical, and accessible analysis for fact finders, regulators, and courts. He excels at explaining financial and regulatory frameworks, tracing monetary flows, and articulating institutional practices in ways that are both understandable and persuasive.

Litigation Support - Mr. Perry works with attorneys, law firms, and regulatory professionals seeking a knowledgeable and credible expert in financial regulation, enforcement, and compliance. Ideal clients are those involved in complex litigation, arbitration, or investigations requiring clear, fact-based analysis of commodities, futures, derivatives, securities, or emerging technology issues. He particularly enjoys collaborating with counsel who value strategic insight, responsiveness, and the ability to translate highly technical matters into persuasive, understandable evidence for fact finders.

Mr. Perry brings a unique perspective as a former CFTC trial attorney and Chief Compliance Officer of a global financial institution, bridging regulatory enforcement, institutional compliance, and litigation strategy.

Areas of Expertise:

• CFTC, SEC, FINRA, NFA, CFPB, FTC Investigations
• Standards of Care for Broker - Dealers
• CTAs
• FCMs
• Internal and Regulatory Compliance Programs
• Nationally recognized for work in Cryptocurrency, Blockchain, AI, and Cybersecurity

View Braden M. Perry's Consulting Profile.

California Main Office: 793A East Foothill Blvd., #200 San Luis Obispo, CA 93405

Global Forensic Services, LLC (GFS) is a Forensic Consulting, Laboratory and Investigative Firm offering over 44 years of experience and training in a wide range of forensic science and private investigation disciplines.

Larry Stewart has personally examined tens of thousands of individual items of evidence from sources such as state, local, and federal agencies (e.g. Federal Bureau of Investigation, Secret Service, Bureau of Alcohol, Tobacco and Firearms, Central Intelligence Agency, and others), and foreign governments. On several occasions he has examined cases involving international disputes between governments. 

Mr. Stewart has testified as an Expert Witness in state, federal and military courts of law, as well as in foreign court systems to include; Austria, Australia, Canada, Germany, Singapore, Sri Lanka, Switzerland and Thailand. He has also testified at The Hague in the Netherlands and three times as an expert before the U.S. Congress. 

Areas of Expertise Include:

Questioned Documents Crime Scene Evaluation Trace Evidence Ink Analysis Age Determination Authenticity Fraud Investigations

Handwriting Daubert and Cold Case (consultant) Investigations Indented Writing Striations Typewriting Erasures Office Machines Art Authentication

Donald M. May PhD, CPA, Managing Partner at DMA Economics, LLC, possesses over 30 years of Valuation and Economic Damages experience. He implements a broad range of damage analyses and valuations for clients, including billion-dollar investment funds under SEC investigation as well as multi-national firms involved in intellectual property disputes, consumers in product mislabeling cases, and small to mid-sized businesses involved in complex commercial litigation. 

Background Experience - Prior to founding DMA Economics LLC, Dr. May was Managing Director at Berkley Research Group and the Principal in charge of valuation and litigation support services for a regional accounting firm, a Managing Director for PricewaterhouseCoopers, and a professor at the Massachusetts Institute of Technology - Sloan School of Management. He has performed over 200 valuations of closely held businesses across numerous industries for financial reporting and estate planning. Dr. May has been published in several distinguished academic and practitioner journals such as The Journal of Finance, The Quarterly Review of Economics and Finance, Hedge Fund Law Review, and is currently an editorial board member of The Journal of Business Valuation and Economic Loss Analysis. 

Litigation Support - Dr. May is a world class expert in the Valuation of Damages. Dr. May has prepared expert reports and testified in federal and state courts as well as AAA, JAMS, and FINRA arbitration hearings, and has also effectively communicated as an expert witness testifier and consultant in several multi-million dollar cases. 

Recent Litigation Matters:

• Misrepresentations in Leveraged Buyout (“LBO”) Financing Practices
• Theft of Trade Secrets, Trade Dress, and Intellectual Property
• Food Product Mislabeling
• Securities Fraud Under SEC Section 10b-5 and Section 11
• Accounting Misstatements in Public and Private Company Acquisitions
• Lost Profits and Lost Enterprise Value Associated with Product Defects and Breach of Contract

View DMA Economics' Consulting Profile.

View Orders Expunging Records Relating to Insurance Fraud, Obstruction, Criminal Attempt, and Certificate of Occupancy.

Wayne Citron has 50 years of experience as an expert in Forensic Reconstruction of Insurance Transactions. He is an insurance expert and consultant. Litigation Support - Wayne Citron specializes in policy interpretation of the rules, laws, and regulations governing insurance and financial matters. His services are available to attorneys representing plaintiff and defendant and include effective reports, affidavits, depositions, and testimony as needed. Areas of Expertise:

Insurance Bad Faith Insurance Customs and Practices Insurance Health / HMO / Disability

Insurance - Life & Annuities Property / Casualty Insurance Insurance Agents & Brokers - Standard of Care

Mr. Citron established the Citron Agency and CMC Advisors Inc. in 1972, where his duties included executive and managerial responsibilities, sales, service, compliance with all insurance matters as well as securities laws and regulations. Both firms are leaders in life, health, disability and property and casualty insurance. Mr. Citron is an expert in all forms of insurance, including:

Life Insurance Health Insurance Property and casualty Insurance Disability Insurance Annuities Retirement, IRAs & Pensions

Flood Insurance Broker Malpractice / Bad Faith Profit Sharing Group Coverage Self-insurance Insurance Laws / Regulations

Mr. Citron has served as an instructor for Prudential Insurance Company Brooklyn Agency (1973) educating personnel in general insurance matters, underwriting, and insurance law. He has worked with companies including Prudential Insurance Company, United States Life Insurance Company, North American Company for Life and Health Insurance, American General Life Insurance Company, William Penn Life Insurance Company, American Life Insurance Company, Chubb Insurance Company, Travelers Insurance Company, Mass Mutual Insurance Company, John Hancock Insurance Company, and American International Group (AIG), among other. 

View CMC Advisors' Consulting Profile.

Dr. Richard D. Bateson: Expert in Quantitative Finance, AI, and Complex Financial Markets

Dr. Richard D. Bateson is a preeminent authority on quantitative finance, artificial intelligence (AI), and systematic trading. With a unique career spanning senior hedge fund leadership and a foundational doctorate in Physics from Cambridge, he provides expert witness testimony on technically complex financial disputes.

Core Expert Specialisms:

• AI & Systematic Trading: Proprietary technology, strategy development, and performance of algorithmic and machine learning systems. Dr. Bateson provides forensic analysis of proprietary algorithms and source code to compare and evaluate investment strategies.
• Hedge Fund & Investment Management: Governance, trading practices, valuation, and institutional standards of care.
• Financial Derivatives & Structured Products: Pricing, risk management, and market practice across asset classes.
• Complex Market Misconduct: Analysis of practices in algorithmic trading, alternative data usage, and market manipulation. 

Expert Witness Experience:

Instructed as an expert since 2017 on landmark UK and US cases, including:

• Bridgewater Associates v. Tekmerion (proprietary technology misappropriation).
• The UK's first major AI/machine learning case (The Lawyer's Top 20 Cases of 2020).
• Further instructions on hedge fund IP, valuation, and shareholder disputes.

Professional Background:

Founder & CEO of Bateson Asset Management (FCA-regulated AIFM). Former Head of the $5bn AHL Dimension fund (Man Group), Managing Director at RBC, and CEO of $2bn hedge fund MGIM. Holds a Ph.D. in Physics from Cambridge University.
 
Publications & Authority:

Author of "Quantitative Hedge Funds" (World Scientific, 2022) and the best-selling textbook "Financial Derivative Investments" (Imperial College Press, 2011). Also authored over 25 peer-reviewed papers in top physics journals during his prior research career.

Dr. Bateson is currently preparing an updated edition of "Quantitative Hedge Funds" and is under commission to author a new book on bonds and bond markets, further extending his published authority in finance.