Timothy J. Voncina

• Investigated government grant programs administered by municipalities and not-for-profit entities to analyze suspicious transactions to determine if a suspected misappropriation of funds occurred or whether non-compliance of requirements existed
• Analyzed the books and records of a not-for-profit entity working with the Veterans Administration to evaluate the quantity and financial misconduct perpetrated by officers of the not-for-profit organization
• Measured damages resulting from the mechanical failure of a gas turbine in a cogeneration plant. The scope of work involved the quantification of incremental costs for purchasing power as opposed to generating it internally, for extended periods of time. We worked with the business owner to obtain and review the available documentation supporting rebuilding costs for the equipment and structure and measured incremental costs and additional losses sustained including cost inefficiencies along with tax credit implications
• Reviewed accounting records to expose the misappropriation of assets for a sizeable municipality. The scheme involved the review and analysis of alleged fraudulent transactions and supporting documents that were created to conceal the subject employees’ actions, which resulted in the employee diverting funds to their personal accounts over a period of several years
• When a food processor’s supply chain was disrupted and permanently altered because of a major hurricane. A detailed analysis was required of the manufacturing cost differentials that were realized when the business owner’s products had to be reformulated due to key ingredients no longer being available. The project also involved the measurement of lost profits resulting from the business owner not being able to supply salable products to customers until the reformulations were developed and approved by regulating agencies
• Quantified damages related to the purchase of fraudulent accounts receivable balances in a factoring, arrangement with a major financial institution. The project involved an analysis of accounts receivable invoices purchased, a comparison of the ledgers recording the transactions and the creation of a model to demonstrate the financial impact (lost profits) of the scheme
• Measured damages related to a security breach of a business owner’s computer network. This breach allowed perpetrators to access the business owner’s banking portal and misappropriate funds through a series of transactions. We assessed forensic data on the business’ computer network to identify the breach, reviewing bank accounts and transaction details to quantify misappropriated amounts and worked with the business owner to reformulate protocols to avoid the recurrence of the involved breach
• Quantified damages in a product liability matter involving agricultural growing materials. The project involved reviewing extensive records for each of the growing operations, including crop reports outlining planting dates, harvest dates, types and frequency of fertilization, the manner of irrigation used, etc. We also reviewed yield reports, pricing data based upon location, USDA statistics, weather patterns during the specific growing periods, etc. The project included working with the individual owners of the commercial growing operations, agricultural experts and representatives of farm service agencies for various states
• Analyzed and measured delay damages in regard to a contract dispute between parties involved in construction of the fence on the US-Mexico border. This project involved the review and analysis of various contract documents, plans, drawings and construction schedules
• Analyzed transaction data and measured damages pertaining to errors in the fees and penalties assessed to users of a transit tollway system in a class-action matter. Large amounts of transaction data were obtained and models were created to assist our client in the determination of damage
• Measured lost profits resulting from a failure of a manufacturer’s production equipment used to produce breakfast cereals. The scope of work involved analyzing extensive production, sales and inventory records for the business and measuring incremental costs experienced by using alternate facilities in an effort to mitigate additional losses
• Investigated questionable business transactions involving payments to vendors in a kickback scheme. Large amounts of data were analyzed to validate legitimate transactions and to identify those with questionable or suspect support or necessity

• American Institute of Certified Public Accountants (AICPA)
• Institute of Management Accountants
• Association of Certified Fraud Examiners
• Illinois CPA Society

• Working in all aspects of the due diligence and discovery phases of litigation, Tim understands how to work with lawyers to evaluate the context of a case and develop a data collection and analysis plan to measure economic damages. He has provided expert testimony based on findings from his analysis in both trial and alternative dispute resolution settings.

• Tim has delivered numerous seminars and presentations involving the measurement of economic damages to the legal profession, insurance industry personnel and the private sector. His recent presentations and publications include:

• “Keeping Pace with 21” Century Fraud,” Illinois CPA Society, 2025

• “When Structures Fail,” presented to the Claims and Litigation Management Alliance, 2023

• “Business Interruptions: Considerations for a post Covid-19 World,” private seminar, 2022

• Certified Public Accountant
• Certified Management Accountant
• Chartered Global Management Accountant
• Certified in Financial Forensics
• Certified Fraud Examiner