Douglas A. Rogers

Managing Director

About Douglas

Doug Rogers is a Managing Director in the Forensic & Litigation Consulting segment. Based in Washington, D.C., Mr. Rogers is responsible for managing engagements and leading complex fraud examinations, including those involving potential violations of the Foreign Corrupt Practices Act (“FCPA”).

Mr. Rogers' past experiences involve the preparation of financial models and sensitivity analyses used in the determination of financial damages. Such matters have included breach of contract, lost profits, insurance claims preparation and forensic accounting. In addition, he has directed complex fraud investigations focused on public companies filing with the U.S. Securities and Exchange Commission (“SEC”).

As a Certified Public Accountant with more than 20 years of accounting, litigation and investigative experience, Mr. Rogers has consulted in litigation matters in a variety of industries, including real estate, insurance, technology, utilities and manufacturing. Prior to joining FTI Consulting, he was a Senior Manager at CapAnalysis in Washington, D.C., where he specialized in damage claims preparation, forensic accounting and business interruption insurance claims.

Mr. Rogers has also held positions in the forensic and litigation support group at Ernst & Young, where he began his career in the financial auditing department. In this role, he focused primarily on the financial audits of small to mid-size companies, with an emphasis on high-tech, real estate, financial services and manufacturing companies.

Mr. Rogers holds a B.B.A. in accounting from Baylor University and an M.A. in journalism from the University of Missouri. He is a Certified Fraud Examiner and a member of the American Institute of Certified Public Accountants, the Greater Washington Society of Certified Public Accountants and the Association of Certified Fraud Examiners.

Relevant Experience:

  • Assisted in a major international cybersecurity investigation; analyzed financial accounting issues and claims of improper breach disclosures; evaluated the opposing party’s damage model and identified cybersecurity and accounting irregularities; presented findings to attorneys and client representatives
  • Led investigative and litigation support for the Bernard L. Madoff case, working with attorneys to investigate family members and insider investors; managed a team reviewing more than three million records to assess investor awareness of the scheme; aided in litigation that recovered more than $7 billion for investors
  • Co-led a financial accounting investigation into a major pharmaceutical acquisition; identified International Financial Reporting Standards (“IFRS”) violations across more than 10 countries; analyzed five years of data, contributing to an expert report citing more than $1 billion in damages; now under EU arbitration
  • Led the world-wide investigation of a Fortune 100 company’s alleged FCPA violations; focused on more than 15 countries and included additional expansions of work streams in China, Russia and Brazil; led to a multiyear review of the company’s finance and accounting department in China, during which he met with DOJ and SEC representatives to present and discuss various findings from the investigation
  • Investigated alleged FCPA violations for a Fortune 50 company in Brazil; uncovered issues through extensive ledger analysis; assessed accounting for reserves and prepaid expenses and presented findings to DOJ and SEC officials
  • Assisted with the management of a Fortune 100 company’s internal financial investigation following a formal investigation launched by the SEC into the company’s accounting practices; prepared analysis and written responses to inquiries by the SEC; managed accounting and technology professionals and reviewed their work product for submission to the company’s legal team, outside counsel and the SEC
  • Assisted in investigating a Ponzi scheme at a Texas-based financial firm; recovered more than $100 million in cash assets and identified more than $1 billion in other assets; coordinated asset transfers to the receiver's accounts for return to defrauded investors
  • Led the covert investigation of a travel company in the airline industry; required review and analyses of emails and financial documents; involved the analysis of large amounts of data in an industry standard database, as well as the review of information contained in an in-house database system, without the assistance of the client
  • Led the investigation of a well-known hotel in the Mid-Atlantic region; analyzed the policies, accounting records and internal controls for appropriateness; uncovered a phony vendor scheme perpetuated by the hotel’s director of finance and found additional misappropriated cash by uncovering large errors in bank statement reconciliations
  • Analyzed the financial documents of a defunct entity; demonstrated that the company properly recognized a purchased entity’s accounts receivable at the time of purchase and concluded that the company had subsequently written off the accounts receivable in an appropriate manner
  • Assisted in investigating a company's stock option grant process; reviewed internal findings and electronic records to assess stock option measurement dates; created grant chronologies, proposed revised dates and presented findings to the audit committee
  • Reconstructed the due diligence and valuation procedures performed by the directors and officers of a company that acquired 37 businesses after the parent company declared bankruptcy and the trustee filed a claim against two of the directors citing negligence in their management and acquisition strategy; reviewed the accounting policies, internal control structures and financing agreements for the parent and subsidiary companies
  • Assisted in investigating WWII-era bank accounts for a foreign financial institution and state banking authority; reviewed claims, managed a database from more than 30,000 archival boxes (1930s–1990s), and conducted interviews with former employees and attorneys to assess past policies, recordkeeping and compliance with destruction policies
  • Conducted forensic accounting for a major insurance brokerage, uncovering a $60 million loss and a broker kickback scheme; investigated more than 75 securities and over 150 trades, revealing $62 million in losses and $35 million in improperly recorded gains; assisted in interviews, prepared evidentiary materials and developed exhibits for litigation and recovery
  • Assisted in the investigation of wide-scale employee fraud at a large tobacco company; reviewed employee interviews and supporting documentation; developed damage calculations and prepared the financial portion of the insurance claim
  • Analyzed expenses for a large home healthcare provider to determine Medicare reimbursement eligibility; reviewed the Medicare cost report, created a database from employee medical records and applied Medicare reimbursement calculations using CPT and RVU codes to over 100,000 patient records
  • Developed and conducted a fraud survey of approximately 2,000 company executives; analyzed and prepared the results for a presentation by the office partner to more than 10,000 participants at the Insurance Accounting and Systems Association’s annual conference
  • Retained by counsel to a manufacturing and wholesaling registrant to assist in a Section 10A fraud investigation that involved bill and hold, consignment and accounts receivable issues; coordinated all aspects of the accounting investigation and assisted counsel in making periodic reports to the SEC, the company’s auditors and the board of directors
  • Co-led the financial accounting investigation of a large pharmaceutical company’s acquisition of another large player in the industry; reviewed and analyzed five years of accounting data to develop a laundry list of IFRS accounting violations in more than 10 countries that led to the filing of a substantial expert report that calculated damages exceeding $1 billion; continues to be arbitrated before a panel in the EU
  • Analyzed the financial statements of a large construction and engineering company for the purchaser of the company; proposed accounting adjustments that resulted in an adjustment to the original purchase price of more than $250 million
  • Reviewed the proposed accounting adjustments to the purchase price of a Fortune 500 agricultural company’s purchase of a large competing company; uncovered more than $200 million in accounting adjustments; seller agreed to pay the client more than $125 million as an adjustment to the original purchase price
  • Prepared the expert report in a matter involving alleged breaches of employment agreements as well as tortious interference by representatives of a newly created company; prepared a lost profit analysis related to the disagreement and performed an evaluation of the plaintiff’s initial report
  • Managed the financial investigation of a nonprofit group; discovered several cash receipt and disbursement scams performed by an executive, determined the amount of loss and prepared the report leading to the dismissal of the executive; assisted with the implementation of new internal controls for the group
  • Deposed by opposing counsel in a financial matter for a nonprofit company; prepared the financial analysis and expert report; ultimately settled in favor of his client
  • Performed a valuation of six related insurance companies in order to settle a legal dispute among several ownership interests; helped the client obtain a settlement that was more than double the amount of the original offer by the opposing side
  • Assisted with the preparation of expert reports in a dispute between two large telecommunications companies; prepared much of the financial analysis for the expert and met with the client on numerous occasions; attended the settlement meetings as the sole financial expert and assisted the attorneys with the financial negotiations, ultimately resulting in a settlement for more than $5 million
  • Calculated lost royalty revenue in a patent infringement suit involving several companies and their infringement upon an industrial seal patent; determined the royalty rates using the Georgia-Pacific factors and developed a model to extend those rates to the damage period
  • Reviewed the opposing side’s expert report on a patent infringement case involving a major oil company; significantly reduced the opposing side’s claim of a large amount of royalty damages through analysis of the claim; developed a model using the Georgia-Pacific factors to determine a more reasonable and much smaller royalty revenue percentage
  • Engaged by counsel to investigate fiduciary improprieties in a hotel redevelopment firm; verified more than $4 million in expenditures, assessed capital contributions and addressed complex real estate accounting and tax issues; assisted in expert witness preparation and rebuttal strategy
  • Developed lost profits analysis for a large Colorado ski resort; developed the supporting evidence for revenue declines at the company through multiple employee interviews and review of financial data; presented conclusions, analysis and a final report to the insurance claims adjuster and company management
  • Reviewed the expenses and allocations of an international nuclear energy supply company; developed an analysis of the overall expenses incurred by the company and determined if the costs incurred were appropriately documented in the company’s books and records; determined the appropriateness of the company’s allocation of expenses between the parent company and subsidiary company
  • Supervised and reviewed the audit and filing materials for the initial public offering of a high-tech company; deal raised more than $40 million in capital for the company
  • Investigated possible fraud and illegal activity involving law enforcement and city health officials for a Missouri television station; investigation resulted in the city’s mayor establishing a community panel to review the alleged illegal activity and the resignation of several government officials
  • Worked extensively in the UK on healthcare issues involving transformational change in the delivery of care, including an assessment of intermediate care needs for North West London Clinical Commissioning Group (“NWL CCG”) and development of outcomes-based modelling and accountable care organization (“ACO”) development in West Essex
  • Served as project lead and designer of the FTI Consulting Healthcare Transformation Reform Model used in the Respiratory Project for the West Essex ACP

Certifications

Certified in Financial Forensics

Certified Fraud Examiner

Certified Public Accountant

Associations

American Institute of Certified Public Accountants (“AICPA”)

The Greater Washington Society of Certified Public Accountants

Association of Certified Fraud Examiners (“ACFE”)

Education

B.B.A., Accounting, Baylor University

M.A., Journalism, University of Missouri

  • temp Contact

    T: +1 202 312 9133
    doug.rogers@fticonsulting.com

  • Office

    555 12th Street, NW

    Suite 700

    Washington, DC 20004

    United States

  • Expertise

    Commercial Damages Analysis

    Financial Investigations

    Forensic Accounting & Investigations

    Foreign Corrupt Practices Act (FCPA)

    SEC Investigations

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