Veil Piercing, Reverse Veil Piercing, and Asset Concealment: Evaluating When an Entity’s Assets Are Subject to Member Liabilities, and Legal Strategies for Proving or Defending Against Asset Hiding Claims

Frank Suponcic | CBIZ

Frank is a Senior Director in the Firm’s Forensic Consulting Group in Mayfield Village, Ohio. He is a 1984 graduate of John Carroll University and holds a Bachelor of Science in Business Administration in Accounting. His primary responsibilities include assisting attorneys, privately held clients, municipalities, and tax-exempt entities with litigation advisory engagements, strategic business consulting, financial reporting, and corporate and individual income tax matters.

In addition, he also manages most of the Firm’s forensic accounting engagements. As a Certified Fraud Examiner and Certified in Financial Forensics, fraud and embezzlement cases have always been concentrations for Frank. Over the years, he has been involved in over 100 litigation advisory engagements. Frank’s most time-consuming engagement was proven to have cost a local company more than $7 million in embezzlement losses. He regularly assists clients in strengthening their internal controls to prevent financial loss. Frank has testified in criminal, civil, labor and domestic relations court cases.

Also in litigation support, Frank has assisted area attorneys in cases involving divorce, commercial disputes, economic damage and lost profits, and labor relations.

The exploding issue of identity theft has been a major concern for Frank, both professionally as a business advisor as well as politically in his former role as Lake County Recorder. Frank has testified before the Ohio Senate and the House of Representatives on legislation pertaining to public records and the ease of availability of personal information that can be obtained from governmental offices. The legislation passed and is now law.

Frank is a member of the American Institute and Ohio Society of Certified Public Accountants, the Association of Certified Fraud Examiners and is a board member of the Cleveland Chapter of the Association of Certified Fraud Examiners and the Lake County Blue Coats.

He is a frequent speaker about fraud investigation and prevention as well as identity theft. Active in the community and no stranger to governmental finances, Frank was elected to Willowick City Council to serve six consecutive terms and chaired the City’s Finance Committee. He was later elected to three terms as the Lake County Recorder.

Frank is a member of the Center for Principled Advocacy and the Lake County Chapter – Public Employees Retirement Association. He is an honorary member and financial advisor to the Lake County Association of Police Chiefs and an affiliate member of the American Bar Association and Cleveland Metropolitan Bar Association. He served as President of the Willowick Chamber of Commerce and is a 1996 graduate of the Leadership Lake County program. Frank was the Foreman of the Lake County Grand Jury during the July 2016 term.

Tod Northman | Tucker Ellis LLP

Tod Northman has 30 years of broad business and corporate law experience in commercial law, business transactions, artificial intelligence technology, contract negotiation and dispute resolution, mergers and acquisitions, and real estate.

With a skillful combination of negotiations and corporate counseling, Tod helps guide clients through difficult situations with pragmatic advice and a can-do attitude. Tod represents publicly traded and privately held companies in diverse industries across the country and has expertise in the aviation and autonomous vehicles industries.

In his aviation practice, Tod represents cargo conversion companies, maintenance and repair organizations, financial institutions, high-net worth individuals, and middle-market corporations in connection with the acquisition and disposition of corporate and commercial aircraft portfolios and the related financing and/or leasing thereof. He also advises clients on conversion contracts, maintenance, service and supply contracts, leases, and FAA and DOT regulatory matters.

In his autonomous vehicles practice, Tod focuses on advising businesses on acquisitions, contract negotiation, corporate structure, artificial intelligence technology, and regulatory compliance.

Lindsay H. Gill | Forensic Strategic Solutions

Lindsay H. Gill is the director of forensic technology at Forensic Strategic Solutions, LLC. Ms. Gill has a breadth of experience in data analytics, computer forensics, internal investigations, antifraud programs and controls, fraud vulnerability assessments, and lost profits and damages. She has extensive experience with the latest data mining, data preparation, and visualization methods to detect fraud, waste, and abuse. Ms. Gill has experience with the latest interview techniques and has secured numerous confessions. Ms. Gill has conducted forensic investigations for publicly and closely held businesses in a wide range of industries, local and municipal governments, and governmental and educational entities.

Ms. Gill works closely with plaintiff and defense attorneys, corporate boards and governmental agencies. Her work in lost profits and damages includes services in civil and criminal proceedings. Ms. Gill is a frequent guest lecturer on a variety of fraud-related topics including the use of data mining tools to detect fraud, electronic evidence and discovery, and internal investigations.

Prior to joining the firm, Ms. Gill was an internal auditor at a major health care conglomerate. Her audit duties included evaluation of the adequacy, effectiveness, and compliance with the system of internal controls, recommendations to management for the correction of internal control deficiencies, improvement of operations, and reductions in cost.

I. Concealment triggers and executive asset hiding techniques | 1:00pm – 1:15pm

II. Conducting a concealment search and forensic red flags | 1:15pm – 1:30pm

III. Creative and non-traditional destinations for hidden assets, including cryptocurrency | 1:30pm – 1:45pm

IV. The 2025 destination of choice: Crypto | 1:45pm – 2:00pm

Break | 2:00pm – 2:10pm

V. Legal landscape of veil piercing and reverse veil piercing | 2:10pm – 2:25pm

VI. Unity of interest and ownership: Legal tests and applications | 2:25pm – 2:40pm

VII. Best practices in structuring multi-entity enterprises | 2:40pm – 2:55pm

VIII. Good entity legal hygiene to prevent exposure | 2:55pm – 3:10pm