Wasserman Forensic Investigative Services Inc.
Wasserman Forensic Investigative Services Inc. arrows

 

analysis, anti-bribery, money-laundering, anti-corruption, governance
compliance requirements

Wasserman Forensic Investigative Services Inc. is a boutique firm having associated independent professionals who come together on an as needed basis. We specialize in due diligence, investigation, compliance, involving civil and criminal fraud, securities and corporate fraud, anti-bribery, anti-corruption and anti-money laundering.

 

Also associated with Wasserman are professionals who provide legal advice, bankruptcy and insolvency services, private investigator and intelligence related services.

  • ABOUT HOWARD M. WASSERMAN  >>

    Howard M. Wasserman

    CPA, CFF, CA, CIRP, CFI, CFE, TASA, Trustee in Bankruptcy

     

    Howard is President of Wasserman Forensic Investigative Services Inc., and Wasserman Restructuring Inc. both located in Markham (Toronto), Ontario, Canada.  He has practiced professionally for over 35 years in the financial crime, insolvency, anti-money laundering, governance and compliance areas.

     

    Howard has acted pursuant to judicial appointments under insolvency legislation and under various court orders for relief related to oppression and restructuring remedies. Howard has acted as a guardian trustee on behalf of the Office of the Superintendent of Bankruptcy (“OSB”) and has served on the board of examiners responsible for awarding trustees’ licences. He has headed investigations of criminal and civil fraud, ponzi schemes, money laundering and of non-compliance under regulatory and other standards.

     

    From 2006 to 2009 Howard served as Chair of the Anti-Money Laundering Advisory Committee (AMLAC) for the Canadian Institute of Chartered Accountants and is a co-authour of “Canada’s Anti-Money Laundering & Anti-Terrorist Financing Requirements – A Guide for Chartered Accountants, June 2008”.

     

    He has served as a mentor under the Diploma in Forensic and Investigative Accounting Program (DIFA) offered by the University of Toronto and in February 2009 was the recipient of the Fourth Annual Lloyd Houlden Research Fellowship.

     

    Howard is a CPA, a CA, a Certified Fraud Examiner (CFE), a Certified Forensic Investigator (CFI) and has been accredited by Transparent Agents and Contracting Entities (Trace) as a specialist in Anti-Bribery, Compliance and Investigation (TASA).

     

    Howard has been a presenter and speaker for continuing legal educational for both the Canadian and Ontario Bar Associations and for the Association of Certified Forensic Investigators of Canada.

     

    He is a member of various organizations including the Canadian Association of Restructuring Professionals (CAIRP), the International Association of Insolvency Practitioners (INSOL), the American Bankruptcy Institute (ABI), the Association of Certified Anti-Money Laundering Specialists (ACAMS), the Canadian Council of Public-Private Partnerships (CCPPP), the Canadian Centre for Ethics & Corporate Policy (CCEPC) and of Transparency International, Canada Chapter.

     

    Most recently, Howard was invited to attend at the Conference Board of Canada’s business Corporate Ethics Management Council conference, convened to discuss “Adaptation in Ethics and Compliance Programs”.

     

    EDUCATION AND DESIGNATIONS

    Bachelor of Arts (BA) – York University, Toronto, Canada – 1969

    Chartered Accountant (CA) – Canada - 1973

    Chartered Insolvency and Restructuring Professional (CIRP) - Canada – 1986

    Licensed Trustee in Bankruptcy - Canada – 1986

    Certified Fraud Examiner (CFE) - United States - 1996

    Certified Forensic Investigator (CFI) – Canada - 2000

    Chartered Professional Accountant (CPA) – Canada – 2012

    Trace Accredited Anti-Bribery Specialist (TASA) – June 2013

     

    PROFESSIONAL MEMBERSHIPS

    The Institute of Chartered Accountants of Ontario (ICAO)

    The Canadian Institute of Chartered Accountants (CICA)

    The Canadian Association of Insolvency and Restructuring Professionals (CAIRP)

    The International Association of Restructuring, Insolvency & Bankruptcy Professionals (INSOL)

    The Association of Certified Fraud Examiners (ACFE)

    The Association of Certified Forensic Investigators of Canada (ACFI)

    The American Bankruptcy Institute (ABI)

    Association of Certified Anti-Money Laundering Specialists (ACAMS)

    Transparent Agents and Contracting Entities (TRACE), TASA accredited

     

    RESEARCH AND ACADEMIC PURSUITS

    Recipient in February 2009 of the Fourth Annual Lloyd Houlden Research Fellowship involving work done in the area of the analysis of the cohesion (or lack thereof) between The Bankruptcy and Insolvency Act and law and order.

     

    Served as Mentor under the University of Toronto's “Diploma in Investigative & Forensic Accounting Program”.

     

    EDUCATIONAL, PROFESSIONAL ORGANIZATION SERVICES

     

    Past sponsor and speaker at the Annual Conference of ACFI and for other ACFI seminars on the following topics:

     

    Planned Bankruptcy and Misconceptions Regarding the Use of Insolvency Proceedings Generally.

     

    Some Warning Signs of Financial Trouble Whether You Are an Investor or Creditor.

     

    Using Federal and Provincial Legislative Statutes for Maximum Advantage When Conducting Investigations.

     

    The Use of Provisions of the Bankruptcy and Insolvency Act (BIA) to Investigate Possible Fraud and Other Wrongdoing.

     

    Money Laundering, Is Your House In Order? - Article and Presentation.

     

    Preparation of case material and participation in the mock trial entitled The Evidence held at the Annual Conference of ACFI and recorded on a CD for educational reference.

     

    Presentation at the Continuing Legal Education section of the Ontario Bar Association (OBA) on the topic of Finding Assets.

     

    Presentation of The Need for Simplicity When Presenting Evidence in Forensic Investigations.

     

    Past contributing author to the Education Syllabus and Manual of The Association of Certified Forensic Investigators of Canada (ACFI).

     

    Presentations to bankers and financial officers regarding the Usefulness of Reports Produced by Professionals in Various Engagements.

     

    Preparation and presentation of an investigative case study at the Annual Conference of the Canadian Bar Association (CBA) within the continuing legal education seminar – Fighting Fraud through the Courts.

     

    Served as Chairperson of the Education Program Committee of ACFI.

     

    Served as Chairperson of the Anti-Money Laundering Advisory Committee for the Canadian Institute of Chartered Accountants (CICA), Research Studies Department.

     

    Served as ACFI liaison with Algonquin College, Ottawa, Canada, for the purpose of collaboration on the development of courses at the graduate level involving forensic and investigative accounting.

     

    Past consultant for the CICA, Knowledge Development Group, on the subject of anti-money laundering.

     

    Served as a presenter and panel member, on behalf of CICA, on anti-money laundering compliance during the BANKSETA International Executive Development Program, 2007.

     

    Contributor of articles on anti-money laundering compliance for the CA Magazine, and for the Chairman’s Newsletter of the Canadian Institute of Insolvency and Restructuring Professionals (CAIRP).

     

    Contributor to the CICA’s Canada’s Anti-Money Laundering & Terrorist Financing Requirements – A Guide for Chartered Accountants, June 2008.

     

    EXPERIENCE

    Forensic Investigation Involving Commercial Crime, Fraud and Litigation Support

    Investigative and forensic services relating to suspected fraud, commercial crime, money laundering, professional negligence, breach of trust and for tracing “follow the money” engagements.

     

    Litigation support for cases involving fraud, misappropriation of funds or of other property, breaches of trust, professional negligence, stakeholders oppression remedies involving Canada, the United States, the Caribbean, South America and Europe.

     

    Experienced in most phases of funds tracing and related fraud within civil and criminal cases in Canada along with foreign jurisdictions including those of the United States, South America, Mexico, Hong Kong, the Caribbean, Panama and Europe.

     

    Lead investigator for the planning and implementation of engagements regarding civil and/or criminal fraud, securities fraud, breach of trust, kiting, Ponzi and other schemes.

     

    Prepared and submitted numerous investigative reports to the Superior Court of Ontario regarding observations and findings for cases as required of a court officer.

     

    Anti-Money Laundering Legislation, Compliance and Applications

    Represented the Canadian Institute of Chartered Accountants (CICA) in meetings attended by the Ministry of Finance and FINTRAC regarding the application of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act to accountants and to trustees in bankruptcy.

     

    Represented the CICA for the purpose of contributing Canada’s compliance information to international mutual assessors of the Financial Action Task Force.

     

    Consultant to the CICA for the purpose of advising on anti-money laundering issues.

     

    Author of articles on anti-money laundering compliance published in the CA Magazine and in the Chair’s Newsletter of the Canadian Association of Insolvency and Restructuring Professionals.

     

     Insolvency, Restructuring, Enforcement of Professional Standards and Compliance

    Acted in numerous fiduciary capacities as a trustee in bankruptcy, trustee in proposals, under corporate winding up legislation, court and privately appointed receiver, interim receiver, court appointed monitor and inspector.

     

    Experienced with numerous fraudulent preference actions involving recovery of assets or the awarding of equivalent monetary compensation.

     

    Headed investigations leading to charges under the Criminal Code of Canada, the uncovering of offences under the Bankruptcy and Insolvency Act and to findings under other statutes.

     

    Served on the Board of Examiners for Oral Examinations for prospective trustees on as requested by and on behalf of the Superintendent of Bankruptcy of Canada.

     

    Appointed as guardian by the Superintendent of Bankruptcy to supervise the completion of over 750 estates formerly administered by a trustee convicted of a criminal offence.

     

    Acted for the Government of Ontario, Ministry of Consumer and Commercial Relations as a monitor over trust accounts of real estate brokers.

     

    Court and Litigation Support

    Acted as expert witness and/or investigative lead in establishing evidence of fraud, fraudulent transactions, Ponzi schemes, misappropriation, professional negligence, financial statement misrepresentation and securities fraud.

     

    Able to attend before the Superior Court of Justice as a court officer in matters

    pertaining to The Bankruptcy and Insolvency Act and similar related legislation.

     

    Experienced with the support of counsel during trials and tribunal hearings involving either civil matters or criminal proceedings.

     

    Review and preparation of supporting court materials and professional reports involving the review of evidence, motions, factum and response to other’s reports.

     

    Anti-Bribery, Anti-Corruption Compliance

    Certified by TRACE International as an Accredited Anti-Bribery Specialist.

     

    E. & O.E.

  • ABOUT LESLIE A. WITTLIN  >>

    Leslie A. Wittlin

    BA, LLB, CFI

     

    Les Wittlin is an experienced business lawyer with a background in both commercial oriented litigation and solicitor's work.  Since his call to the Bar of Ontario in 1974, he has enjoyed a varied business -oriented professional practice.  In recent years, the purview of his practice has extended internationally, with a focus on governance, risk and compliance ("GRC") issues which have become pervasive in international business transactions.

     

    His GRC experience has involved  various business structures and transactions, including joint ventures, acquisitions, captive insurance companies, capital market instruments, private equity financings, and financial restructuring of private and public enterprises.  He has been involved in cross-border projects extending to various jurisdictions in North and South America, Asia, Europe and Africa.

     

    He has participated in project planning and inter-disciplinary team work in the mining hydro-carbons, other natural resources, geophysical exploration and mapping, financial, insurance, real estate, capital markets, and international trade areas where risk management considerations are paramount. His assistance has been sought where criminal charges have arisen as a result of regulatory investigations, in oppression remedies, and in fraudulent transactions, including the representation of whistleblowers. Les has served as counsel for creditors, debtors, financial and other intermediaries, including receivers and trustees in bankruptcy, both in local and cross-border insolvency and restructuring proceedings, including the winding up of two major insurance companies in Canada.

     

    Les has been a senior partner in three large Canadian based law firms over his career as a lawyer, including Gowlings, Lang Michener and most recently, Heenan Blaikie. He has experience in management as the head of a large financial services practice group. He has served as a director of Canadian subsidiaries of certain foreign business corporations. In recent years, he has been consulted on international governance and regulatory compliance issues which permeate international business considerations more and more

     

    EDUCATION AND MEMBERSHIPS

    York University (Economics), B.A., 1969

     

    Osgoode Hall Law School, York University, LL.B., 1972

     

    Admitted to the Ontario Bar Association, 1974

     

    Member, Law Society of Upper Canada Member, International Bar Association, IBA

     

    Admitted to the Association of the Certified Forensic Investigators of Canada, CFI, 2002

     

    Director, Vice-President, and/or President, Association of Certified Forensic Investigators of Canada, ACFI, 2003-2006

     

    Director and originator, Legal and Business English course for international business law LLM at Osgoode Hall Law School, York University (for non-native English speakers), 2009

     

    Former director of HIH Insurance (Canada) Limited, a subsidiary of HIH Insurance Company, Australia (in liquidation)

     

    Director, Arm's Length Holdings Inc.

     

    Director, Collateral Specialists of Canada

     

    Member, Advisory Board, Trillium North Minerals Limited

     

    PUBLICATIONS and PRESENTATIONS

    Avoiding the Rogue Client Risk for Accountants

    • talks prepared and delivered to the 2009 and 2012 annual meetings of the Association of Certified General Accountants (Ontario and Alberta branches), CGAs

     

    Risk Management for Directors and Officers in Commercial Insolvencies and Restructurings

    • paper presented jointly at a Canadian Institute seminar, 2006

     

    The Review of a Mareva Injunction: The Investigator in the Hot Seat

    • presentation of the cross-examination and re-examination of an investigator, and the subsequent argument by counsel on the review of an interim Mareva injunction order (Staged at the 2006 Annual Fraud Conference of the Association of Certified Forensic Investigators of Canada (ACFI))

     

    Taking Security for the Obligations of the Tenant under Commercial Leases

    • presentation at a 2006 seminar for commercial landlords at Lang Michener

     

    Understanding the Fundamental Principles of the Law of Evidence: A Risk Management Tool

    • paper delivered at the 2005 annual conference of the Canadian Health Care Anti-Fraud Association

     

    The Law of Evidence: What Every Forensic Investigator Must Know

    • in a commercial trial setting (Staged at the 2005 Annual Fraud Conference of the Association of Certified Forensic Investigators of Canada (ACFI), available in DVD format)

     

    The Presentation and Cross-Examination of Expert Forensic Evidence

    • in a commercial trial setting (Staged at the 2004 Annual Fraud Conference of the Association of Certified Forensic Investigators of Canada (ACFI), available in DVD format)

     

    Dealing with Whistleblowers

    • paper delivered to the 2003 Annual Fraud Conference of the Association of Certified Forensic Investigators of Canada (ACFI)

     

    Incorporating — When and Why

    • paper published in the BIG Book, by the Business Innovation Group, 2003

     

    The Intersection Between Insurance and Insolvency

    • paper written and delivered jointly to executives and underwriters at Chubb Insurance Co., 2002

     

     

  • ABOUT KEVIN J. RAMSAY  >>

    To come

  • ABOUT CHERYL E. D. HEAVENER  >>

    Cheryl E. D. Heavener

    CPA, CA, LPA

     

    Cheryl has practiced professionally for over 30 years. Prior to her current association with Wasserman, she received the readers’ choice award for best accounting firm from the Markham Economist and Sun.

     

    Cheryl offers tax planning and services clients’ specific needs in the areas of finance, corporate and trust issues. She enjoys aiding her clients in developing an understanding of their finances, the relationship between their activities and the bottom line.

     

    Cheryl has prepared financial projections for businesses for various purposes. She continually communicates with banks and financing providers regarding the actual results and planning revisions to further expand and assist operations. Cheryl has been retained to act during the negotiation and sale of corporations or their related divisions.

     

    In the past, Cheryl has worked as a financial analyst preparing incentive budgets and in the coordination between sales divisions of major Canadian and international companies. Cheryl also advises on aspects of business startups, windups, accounting for non-profit organizations and board governance criteria.

copyright 2013 © Howard Wasserman