PHAKTOR

Enron Corporation – Securities Fraud and Insider Trading – Mr. Holdeman led a team of FBI agents and SEC enforcement attorneys in a complex securities fraud investigation related to financial statement fraud and insider trading involving executives of Enron Corporation. He conducted hundreds of interviews and proffers of corporate executives, board directors, auditors, stock analysts, and bankers. He analyzed financial records and emails, and obtained confessions and criminal pleas from key executives. Mr. Holdeman testified in the Grand Jury leading to the indictments of the CEO and CAO. He teamed with prosecutors to prepare and execute the trial strategy, including the preparation of witnesses for testimony, cross examination, and closing statements. The investigation resulted in the conviction of over thirty individuals, including the Chairman of the Board, CEO, CFO, CAO, Treasurer, Director of Investor Relations, and Presidents of key Business Units. In addition, hundreds of millions of dollars of illegal insider trading proceeds were seized and forfeited. For his efforts, Mr. Holdeman received the U.S. Attorney General’s Award for Exceptional Service.

International Tool Company – Internal Embezzlement/Fake Vendor Scheme – Engaged by a client to investigate an alleged embezzlement scheme conducted by the corporate credit manager in conjunction with regional sales representatives. Reviewed company financial records to identify evidence of the scheme and additional participants. Interviewed company executives and a cooperator to identify details of the scheme. Interviewed and interrogated a regional sales representative, obtaining a full verbal and written confession. Drafted a written report of investigative findings on behalf of the general counsel. Briefed federal law enforcement leading to the prosecution of the subjects.

Automotive Parts Manufacturer – Employee 401K Account Embezzlement – Mr. Holdeman conducted a Pro Bono investigation of allegations a company owner embezzled employee 401K contributions. He obtained key financial documents and payroll records from employees to identify discrepancies in their 401K accounts. He produced a damage calculation and briefed federal law enforcement, leading to the arrest and conviction of the owner, and recovery of losses for the victims.

Movie Production Company – Internal Embezzlement – Due Diligence/False Vendor Scheme – 

Mr. Holdeman was engaged by a client to investigate anonymous fraud allegations involving the company CEO. He conducted background investigations of key executives, leading to the identification of a non-disclosed side company incorporated by the CFO. He reviewed the company master vendor list and related payments, identifying the CFO engaged in a false vendor billing scheme. He prepared a damage calculation and worked with outside counsel to draft a complaint summarizing the fraud scheme, leading to the filing of a civil lawsuit and termination of the CFO.