FacultyFaculty/Author Profile

Jeffrey M. Hausman

PricewaterhouseCoopers LLP
Manager, Forensic Services
Chicago, IL, USA

Jeffrey M. Hausman joined PricewaterhouseCoopers in 2004 and concentrates his practice in fraud investigations and other potential litigation support services, due diligence, and internal audit for a diverse group of both public and private clients. He has experience with SEC investigations, financial due diligence for acquisitions, merger and acquisition dispute support, internal audit, and controls testing and remediation across a wide range of industries including healthcare, financial services, technology, chemicals, utilities and transportation.

Mr. Hausman  has assisted management, audit committees, and/or counsel investigate ponzi schemes, improper revenue recognition, embezzlement schemes, inappropriate treatment of operating costs, and FCPA violations. He has worked internationally in Calcutta, India, London, U.K., and Copenhagen, Denmark on global investigations.

He is a Certified Public Accountant (CPA), Certified Fraud Examiner (CFE), and Certified in Financial Forensics (CFF).

For the past two years, Mr. Hausman has spent the majority of his time investigating a $3.5 billion ponzi scheme, the third largest in the history of the United States, in which investors were enticed with high returns on funding provided for the purported purchases of electronics at liquidation prices.  He has managed a team whose primary role was to identify the net cash position of hundreds of investors in order to pursue avoidance claims against those who received more money than invested over the 15 year life of the scheme. He has communicated findings to the Receiver/ BankruptcyTrustee, external counsel, defense counsel, and the government (United States Attorney's Office, IRS, FBI).

On another matter, Mr. Hausman investigated claims of improper equities securities trading at an investment subsidiary of a Fortune 200 industrial products company.  The allegations surfaced during exit interviews of two former employees who alleged that equity trades were made for the sole purpose of realizing gains when quarterly earnings did not meet estimates. The securities were allegedly sold and then re-purchased either the same or next business day.  Specifically, Mr. Hausman reviewed accounting and trading records, quantified the financial statement impact of such trades, and reviewed and advised on FAS 125/140 guidance regarding trading with no economic substance. 

Mr. Hausman investigated potential FCPA violations at a global telecommunications company in one of the largest FCPA investigations on record.  PwC had teams in dozens of countries around the world to coordinate successful execution of the engagement. Specifically, Mr. Hausman reviewed disbursement information, sales contracts, proof of goods/ services provided, and other relevant records to identify transactions that lacked substance. These transactions were often sham transactions used to pay bribes to government officials.

Mr. Hausman supported the seller in a $10MM dispute arising from the sale of a plastics company to a private equity firm. Under the direction of counsel, he provided analyses and FAS 13 guidance to support the treatment of a building lease as an operating lease by the buyer. Treatment of the warehouse as an operating lease was advantageous to the client as the purchase price contained a working capital adjustment. Additionally, Mr. Hausman analyzed bad debt reserves, revenue accruals, expense accruals, and inventory obsolescence reserves to highlight favorable positions for the client.  As a result, the client held settlement negotiations and obtained an advantageous settlement amount.


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