LINDQUIST was recognized for his professional contributions by his election in 1991 as a Fellow of the Institute of Chartered Professional Accountants of Ontario and his election to the Board of Regents for the Association of Certified Fraud Examiners, based in Austin, Texas. In 1993 he was elected Chairman of the Board.
LINDQUIST in Significant Cases:
- 2019, Miami, FL – Of service to Sequor Law on behalf of their client, an NYSE public company who had purchased a company in 2014, later learned of the false financial representations that lead to an arbitration award in 2019, to determine the whereabouts of the ‘purchase funds’ being some Can$60 million that had been transferred through four countries over five years and traced to recover assets
- 2017 – 2018, Miami, FL – Of service to Sequor Law on behalf of the ‘liquidator’ in Chile in a Ponzi scheme known as “Alberto Chang, The Chilean Madoff” to determine the whereabouts of the investors’ funds totaling some $201 million that were transferred through eight countries over six years and traced to Chang’s personal benefit, assets and the unknown category
- 2016, Boston, MA – Of service to Jackson Lewis on behalf of an accused person to assess DOJ’s allegation of a Ponzi scheme with alleged losses of about $3,045,000,000. The DOJ had concluded “Unsurprisingly, because promoters had to pay to join, but did not have to sell a product, the company had to compensate its promoters with the revenue generated from buy-in fees paid by newer promoters. That is, it was a Ponzi scheme.”
- 2015, Miami, FL – Of service to Astigarraga Davis on behalf of the plaintiff to conduct a study of the $1.5 Billion in disbursements (that flowed from a contract with the U.S. government to deliver fuel to troops in Iraq) among domestic and foreign bank accounts for the years 2006 to 2010 in order to determine the business reality of the movement of funds that revealed a parallel disbursement structure between the United States and Europe/Middle East and to identify potential assets for recovery related to the targets.
- 2014 – 2016, Miami, FL – Of service to Astigarraga Davis on behalf of the plaintiffs to conduct an international search for the corporate and personal assets of the Defendants to satisfy a multi-million dollar judgment in a divorce matter
- 2013 – 2014, New York – Of service to Boies, Schiller & Flaxner, LLP on behalf of the plaintiffs involved with Bernie Madoff and his Ponzi scheme against Defendants, PricewaterhouseCoopers and Citco Fund Services . The engagement was as a testifying expert on forensic accounting matters in the Anwar class action.
- 2013, Washington, DC – Of service to Sidley Austin LLP on behalf of the Attorney General in Turks & Caicos in a matter that involved the ‘Southern Health Network Inc., a Miami based company that was responsible for providing transportation and medical services to Turks & Caicos islanders sent to Miami. The Miami company issued suit against the Turks & Caicos government for non-payment of almost US$17 million but settled for less than $1 million
- 2012-2014, St. Lucia – Of service to the Minister of the Attorney General to investigate various matters including the concern of alleged payments made to UWP members of Parliament by the Government of Taiwan and its agents upon the establishment of diplomatic relations
- 2009-2011, Trinidad & Tobago – Of service to the Governor of the Central Bank of Trinidad to investigate the cause for the collapse of the US$10 billion empire of Lawrence Duprey/CL Financial Ltd
- 2009-2011, Trinidad & Tobago – Of service to the Minister of the Attorney General to investigate various matters including possible breach of fiduciary duty in relation to the operation of UDECOTT during the years 2004 to 2009
- 2007-2009, United States and Canada – Of service to the Executive Director of the National Hockey League Players’ Association as Financial Advisor in regard to the Collective Bargaining Agreement with the thirty team owners of the National Hockey League
- 2004-2008, Antigua and Barbuda – Of service to the Minister of the Attorney General to investigate allegations of corruption regarding the former government of Lester Bird that resulted in recovery of US$12.5 million
- 2000 and 2002-07, Trinidad & Tobago – Of service to the Minister of the Attorney General to investigate allegations of corruption and fraud regarding the construction of the $250 million Piarco International airport and the $120 million Desalcott Desalination plant
- 2000-2002, United States and South America – Of service to Cameron LLP in New York on behalf of Petrobras, a Brazilian oil company who was project owner regarding a $300 million surety claim against two U.S. insurers that resulted in a recovery of over US$200M
- 2001, United States and China – Of service to Troutman Sanders in Atlanta to critique other side’s expert report that alleged a $70 million fraud in the rendering of property management services in China
- 2000-2001 and 2005, United States and Guatemala – Of service to Astigarraga Davis in Miami to assist their corporate client in Guatemala to defend allegations of financial impropriety in a multi-million dollar family dispute
- 1999, United States and Columbia – Of service to Counsel in Kansas City to conduct investigations regarding allegations of procurement fraud by persons in charge of branch operations in Columbia and Ecuador
- 1999, The Ivory Coast, West Africa – Of service to the African Development Bank to conduct an investigation into allegations of corruption regarding a particular loan program in India
- 1998-1999, United States and Several Countries – Of service to The World Bank Group to conduct investigations into allegations of corruption, conflicts of interest and fraud regarding its loan program in several countries and to advise on the Bank’s anti-corruption initiative
- 1997-1998, Switzerland – Price Waterhouse was retained by the Volcker Commission to investigate dormant bank accounts and other assets deposited into the Swiss Bank Corporation by the victims of Nazi persecution. Bob Lindquist was one of the lead partners in this investigation
- 1997, Canada and Indonesia – Of service to Counsel for Bre-X Minerals Ltd. in Canada to conduct an investigation to determine how the data upon which Bre-X relied for its prior public statements about the “world’s largest gold deposit” in Indonesia was false, in a case described as the biggest gold swindle in world mining history
- 1997, United States – Of service to a public company’s in-house Counsel in Kansas City to conduct an investigation into allegations made in an anonymous letter regarding the CEO of a subsidiary that operated a nuclear power plant
- 1997, United States – Of service to a private company’s in-house Counsel in Washington, DC to conduct an investigation into allegations made in an anonymous letter questioning the relationship between a Management Director and a significant vendor
- 1996, United States – Of service to Sidley Austin in Washington, DC on behalf of a leading U.S. financial institution to investigate and trace the proceeds of a $300 million fraud in a matter described as the “Bank Caper of the Century”
- 1996, Netherlands – Of service to in-house Counsel for IBM in New York to conduct an investigation in Europe to determine if there was merit to allegations of kickbacks involving a person responsible for the management of the company’s pension fund
- 1995, United States – Of service to Counsel in Washington, DC for an international public hotel company to establish evidence of fraud by a contractor who was attempting to avoid a $3 million judgment in a fraudulent conveyance action
- 1994-1995, United States and Hong Kong – Of service to Bird Marella in Los Angeles – in one of the largest income tax cases in the U.S. involving a privately-held international company to refute allegations of money laundering and customs violations made by the U.S. government. The investigation focused upon business activities in Asia
- 1994, United States – Of service to Wilmer Cutler in Washington, DC on behalf of U.S. Ambassador Pamela Harriman to establish the financial position of a decedent’s estate and to determine if there was impropriety by certain investment professionals during their management of the estate
- 1993, United States – Of service to Cravath Swaine in New York for IBM to conduct an investigation to determine if a certain group was involved in procurement fraud with vendors to cause the diversion of aged product into the gray market in the U.S. and elsewhere, an investigation that resulted in voluntary resignations and later, criminal convictions
- 1992, Canada and Spain – Of service to a public company’s in-house Counsel in Toronto to conduct an investigation to determine if there was fraudulent financial reporting by a Spanish public company to its North American investor who held a 20% equity interest
- 1990, Romania – After the death of Nicolai Ceausescu in December 1989, the new government of Romania under President Iliescu declared its objective to find Ceausescu’s money. Bob Lindquist conducted the investigation in Austria, Switzerland and Greece by focusing on one of three suspect export companies that operated throughout Europe. The investigation identified for recovery millions of dollars in a foreign financial institution in Cyprus
- 1989-1990, Trinidad & Tobago, London, Venezuela –Of service to the Minister of the Attorney General to investigate allegations of bribery by former government ministers. A paper trail was developed and people located to bring life to transactions as old as 1968. In July 1990, the government through Counsel in Washington, DC recovered US$7 million. The case represented the first time a foreign country was successful in an action for bribery against a U.S. company in the U.S. Courts
- 1983-1991, Canada – Of service to the Attorney General for the Province of Ontario in one of Canada’s largest fraud cases to investigate the “greatest real estate deal in Canadian history,” the $500 million sale of what became known as the “Great Toronto Apartment Flip” to foreign investors.
Sequor Law, Director of Forensics
September 2017 – Present Miami, FL
Senior Partner, Lindquist Forensic Accounting Investigations, LLC
January 2005 – Present Washington D.C. Region
Senior Managing Director, Citigate Global Intelligence & Security LLC
October 2002 – December 2004 Washington D.C. Region
Senior Partner, Lindquist Forensics & Partners Inc.
January 2000 – September 2002 Washington D.C.
May 1996 – December 1999 Washington D.C.
Senior Partner and Chairman, Lindquist Avey Macdonald Baskerville, Inc
August 1991 – April 1996 Toronto, Canada and effective July 1993, Washington D.C.
Partner, Peat Marwick, now KPMG
January 1985-July 1991 Toronto, Canada
Senior Partner, Lindquist Holmes
January 1975 – December 1984 Toronto, Canada
Regent Emeritus, Association of Certified Fraud Examiners
1993 – Present Austin, TX
EDUCATION & CREDENTIALS
Honors, Bachelor of Commerce, University of Windsor, Canada (1968); F.C.A., Fellow of the Institute of Chartered Professional Accountants of Ontario (1991); C.F.E., Certified Fraud Examiner (1989) and Chairman (1993) of the Board of Regents of the Association of Certified Fraud Examiners, Austin, TX.
Bob Lindquist is the author of “Accounting as an Investigative Aid” (1977) and co-author of two textbooks, “Fraud Auditing and Forensic Accounting” (1995) and “The Accounting Handbook of Fraud and Commercial Crime” (1993). The last two were published by J. Wiley & Sons in New York.
Bob Lindquist has conducted many presentations on financial crime; some of them include the IBA Conference in Cancun, the International Money Laundering Conference in Montreal, the ABA White Collar Crime Conference in San Francisco, and the Pacific Rim Money Laundering & Financial Crimes Conference in Vancouver. The titles of his presentations need no explanation: “Lack of Ethics and Poor Controls = Corruption”, “The Mindset of Corruption: A Case Study in Greed”, “Detecting Fraud and Non-Compliance”, “What to Expect From Your Forensic Accountant”, “Facts Beyond the Numbers: Forensic Accounting”
In November 2011, The World Bank published “The Puppet Masters: How the Corrupt Hide Stolen Assets Using legal Structures and What to Do About It”. Bob Lindquist was an advisor in what the Bank describes as the “Investigators Project” as a source for facts and opinions. Appendix D entitled “Grand Corruption” contains summaries of 10 cases of which two are LINDQUIST cases: on page 171 “Bruce Rappaport and IHI Debt Settlement” and on page 207 “Piarco International Airport Scandal”. The entire report can be accessed at www.worldbank.org/finance/star_site.