Session will describe the roles and responsibilities of the forensic accountants, Court-Appointed Receiver / Trustee, and bankruptcy counsel with respect to the Thomas J. Petters Ponzi Scheme. More
Janine Kovats is a Director in PwC"s Forensic Services Advisory practice in New York. Ms. Kovats has over 15 years of experience in assisting and advising clients and their external counsel on various fraud, regulatory, compliance and dispute-related matters. She has also assisted corporate and private equity clients in conducting pre- and post-acquisition compliance due diligence of potential target companies. Over her career, Ms. Kovats has obtained significant experience related to complex accounting and regulatory investigations, including FCPA investigations, regulatory compliance assessments, internal fraud investigations, and accounting malpractice. She has worked with clients and their external counsel to investigate alleged internal and external fraud, to respond to regulatory inquiries and orders, to prepare expert testimony for litigation, and with other related matters. Her experience spans numerous industries, including financial services, telecommunications, healthcare and retail / consumer products. Notably, Ms. Kovats managed a team in the analysis of over $40B of investor funds involved in a Ponzi scheme. She provided litigation support to counsel for the Receiver and Trustees used in clawback litigation in various capacities including, but not limited to the following: asset identification / tracing, fraudulent and preference transfer analyses, net winner / net loser determination, defendant / co-conspirator interviews, and accounting malpractice. Her work was leveraged in the form of supporting analyses and demonstratives in trial, mediation and arbitration. Ms. Kovats has provided expert services on a variety of key issues to a multitude of litigation proceedings to include the preparation of expert reports focused on various issues to include calculations of damages, and prepared with PwC partners and external counsel for depositions and trial testimony in various related matters. Ms. Kovats received her B.S. in Business Administration with a concentration in Finance and a minor in Accounting from Villanova University in 2002.