Nick D’Ambrosio is a director at FRA. He provides forensic accounting services to corporations, legal counsel and independent monitors to address a wide range of multi-jurisdictional allegations of regulatory, accounting and financial improprieties.
Nick’s representative investigations include: Operation Car Wash related agent commission payments in Brazil; payments to Chinese government officials by a medical device company in violation of the FCPA and other anti-bribery and corruption (ABC) laws; software sales in Iran, Cuba and Kazakhstan in contravention of sanctions, export controls and anti-boycott laws; ABC pre-acquisition due diligence of an offshore oil and gas acquisition in Senegal and Mauritania; post-acquisition review of agent commissions by a Spanish equipment manufacturer for business in Iran; accounting restatement of the Italian subsidiary of a US SEC registrant; and misconduct by members of the Nigerian ethics and investigations group of a supermajor oil company.
Nick has provided compliance review and transaction testing support to an independent monitor appointed by the US DOJ and SEC in a monitorship of a aircraft manufacturer. Companies and their legal counsels have retained him to assess and enhance internal controls prior to a monitorship. Nick led pre-monitorship projects for a global retailer facing allegations of FCPA violations by contributing to the design of companywide internal controls enhancements and performing transaction testing in Argentina, Brazil, Chile, China, India, Japan, Mexico, South Africa and Turkey to substantiate the effectiveness of the resulting control system.
He has qualified and testified as an expert witness in litigation and arbitration proceedings on economic damage claims involving accounting, finance, and business and patent valuation. Nick has also served as an appointed neutral/independent accountant in post-acquisition disputes.
Prior to joining FRA in 2017, Nick held positions with international accountancies, boutique forensic accounting and expert witness consultancies and a law firm.
Nick is a member of the Texas State Bar, Certified Public Accountant (CPA), Certified Fraud Examiner and Accredited in Business Valuation and Certified in Financial Forensics by the American Institute of CPAs. He received a JD from the University of Texas and BS in economics, cum laude from the Wharton School, University of Pennsylvania.