He specializes in providing assistance to legal counsel and senior management during the financial and fraud investigations, as well as with the economic and accounting aspects of litigation.
Mr. Shanahan has been involved in many high-profile matters over the course of his career, involving financial reporting misstatements, employee misconduct, misappropriation of assets, bid-rigging, and bribery and corruption (FCPA / U.K. Bribery Act).
He has assisted clients with global investigations in Latin America, the Caribbean, China and Southeast Asia. He has worked across a broad range of industries, including construction, distribution, financial services, healthcare, insurance, government services, manufacturing, real estate, restaurant and retail.
Mr. Shanahan has significant experience investigating Ponzi and other fraudulent schemes as part of bankruptcy and civil receivership proceedings, and has served as an expert witness on behalf of the Federal government during related criminal proceedings. Additionally, he consults and testifies on litigation matters involving various financial and accounting issues, including accounting reconstruction, lost profit analysis and business interruption claims.
Notable assignments: an investigation into the financial transactions of a highly publicized $450 million hedge fund fraud to reconstruct the financial statements and identify additional assets to be liquidated for the benefit of creditors; an FCPA investigation into allegations of fraud and conflicts of interest among senior management of a computer component maker’s facility in Southeast Asia; an investigation into allegations of fraud and breach of fiduciary duty regarding an estimated $2 billion under-funding of a city employees’ retirement fund; and an investigation and assessment of a $850 million claim involving improper insurance placement practices of an international insurance brokerage.
Before A&M, Mr. Shanahan was a Senior Director with Kroll, where he assisted clients with engagements involving fraud, fidelity claim investigations, due diligence and business interruption claims. He began his career with a public accounting firm where he assisted clients with forensic accounting and bankruptcy matters, in addition to audit and tax services.
Mr. Shanahan earned a bachelor’s degree in accounting from Villanova University. He is a licensed Certified Public Accountant, a Certified Fraud Examiner and Certified in Financial Forensics.
He is a member of the American Institute of Certified Public Accountants, Pennsylvania Institute of Certified Public Accountants, and the Association of Certified Fraud Examiners.
NOTE: Alvarez & Marsal employs CPAs but is not a licensed CPA firm.