About James Demiris, founder of FinForensic

THE FINFORENSIC GROUP
A Financial Investigation Company
              

Discovery is our Business...
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Financial Forensic Investigations, Inc. d/b/a THE FINFORENSIC GROUP is a financial investigation company founded by James Demiris. All investigations, forensic bid examinations and other related services are conducted or overseen by James Demiris primarily through an affiliated entity called Regulatory Compliance Intelligence, LLC (RCI) www.regulatorycomplianceintel.com. RCI's services include primarily providing  highly specialized regulatory compliance services and data analysis of critical data including identifying patterns and practices which may indicate apparent unlawful conduct. In addition, RCI also obtains regulatory intelligence from various sources together with other professional consultants and business partners when warranted who are part of our expansive group serving our clients.

THE FINFORENSIC GROUP also serves as the management company for Regulatory Compliance Intelligence, LLC and provides management related services such as job leads, prospective public bid projects warranting bid protest/challenge and other incidental services in connection with our corporate investigations such as billing, scheduling as well as maintaining a database of critical information relating to our clients including, but not limited to, public contractors and the identity of problematic contractors with a prior history of bid defects, other evidence of unlawful conduct as well as enforcement action taken by government authorities.

Identifying and documenting bid defects are not limited to the "four corners" of a bidder's bid documents. It is the extraneous data or what we refer to as "critical information".  We glean through public records as well as information disclosed by a contractor in recent public bids concerning matters relating to the representations made by a contractor or its sub-contractors, if any, in a public bid to a governmental body that may identify patterns, errors, omissions, misrepresentation, irregularities, corruption, fraud etc. which may constitute violations of a number of laws and applicable regulations. We also gather information reported in legal proceedings involving a bid challenge whether in a court of law or administrative proceeding. Such violations may impede and compromise the competitive bidding process.

This "critical information" is uploaded regularly into our database and through our proprietary algorithms, we are able to detect patterns as well as inconsistencies and irregularities that subsequenlty opens the door to new leads and findings that we vigorously pursue for our clients. Hence, our mantra: "Discovery is our Business". 

Our internally developed proprietory technology, and overall infrastructure serve as  integral and vital components of our business and keys to our success. We are a data driven business and other than our key personnel, our proprietory technology is by far our most valuable asset that we possess which positions us to effectively leverage our resources and produce tangible positive results for our clients.

James Demiris is a Certified Public Accountant (CPA) and a Certified Fraud Examiner (CFE) as well as a member of the American Institute of Certified Public Accountants (AICPA) and the Association of Certified Fraud Examiners (ACFE) which is the largest Anti-Fraud organization in the world as well as a member of the prestigous Society of Corporate Compliance and Ethics (SCCE) which specializes in Corporate Ethics and Compliance. Mr. Demiris holds a Bachelor's of Science (BS) degree in Accountancy from Saint Peter's University.

Mr. Demiris has been steadfast, resolute and zealous in combating fraud over the past 20 years and has extensive experience in uncovering fraudulent financial activity through his combination of unique fact finding strategies and extensive due diligence. Mr. Demiris has also uncovered and documented numerous bid defects, misrepresentations and evidence of other violations of law contained in public bids which have resulted in numerous public bid projects being rejected by the governing body and awarded to the next lowest responsible bidder. Mr. Demiris' business acumen, prowess and ability to navigate the public bidding arena in combating fraud and other illegal activities including exposing corruption has created a new niche market in demand by government contractors.

Mr. Demiris also investigates other unlawful conduct of major well known publicly traded companies. He has vast experience filing whistle blower complaints with the Federal Government including, but not limited to, the United States Securities & Exchange Commission ("SEC") and has also provided federal and state law enforcement authorities and regulators  with substantial evidence indicating unlawful activities which have resulted in individuals and entities including public companies being compelled to comply with federal and state laws and regulations as well as rules of professional conduct applicable to attorneys, accountants and other licensed professionals.

Mr. Demiris' technical expertise and intuitive investigative awareness have garnered him the respect and attention of legal and accounting/fraud professionals as well as federal and state law enforcement authorities and government regulators.

Some of Mr. Demiris' more notable findings and achievements include:


  • Settlement with a major insurance company involving two disability claims, a private policy and a policy under Employment Retirement Income Security Act of 1974 (ERISA) for violating, among other things, the NJ Private Detective Act of 1939 (N.J.S.A. 45:19-8 et seq., as amended) where private detectives retained by the insurance carrier were not licensed under the state laws of NJ and unlawfully obtained medical records where the total compensation received was in excess of $500,000. 

  • Settlement with a well-known purported NJ Home Improvement Contractor for using unauthorized and unlicensed sub-contractors who violated multiple provisions of the Contractors Registration Act, Home Improvement Practices, Home Improvement Regulations as well as violations under the NJ Consumer Fraud Act which resulting in nearly $25,000 being refunded, the full cost of the project refunded in its entirety, by the contractor to a customer.

  • Filed a formal complaint with the Public Company Accounting Oversight Board ("PCAOB") against a Certified Public Accountant and his CPA firm who is also a director at a publicly traded financial institution with its headquarters located in Bergen County, NJ and is also a member of the audit committee of the above financial institution as well as qualifies as an audit committee financial expert under the rules and regulations of the SEC.  This purported professional expert failed to register his accounting practice as a professional corporation under the state laws of NY and also represented public companies in New York and failed to file NY State and NYC corporate tax returns for nearly 30 years.  

  • A formal complaint filed with the NJ Real Estate Commission against a real estate broker, his brokerage firm and its franchise for violating the New Jersey Real Estate Brokers and Salesperson Act, N.J.S.A. 45:15-1 et seq. and its applicable regulations including, among other things, using an illegal business and trade name for over 2 years in which an estimated $20-25 million in real estate sales contracts were entered into apparently in violation of the law.  The aforementioned broker has since been removed as the broker of record from the brokerage firm.

  • A formal ethics complaint filed against a New York licensed attorney for apparently embezzling approximately $30,000 and making false and misleading statements in violation of a number of rules of professional conduct applicable to attorneys and a number of violations under federal and state law. Investigation is ongoing and disciplinary action is very likely including, but not limited to, possibly being disbarred.

  • A formal ethics complaint filed against a prominent Mayor and attorney in Bergen County, NJ where he in effect recorded duplicate mortgages in the Bergen County Clerk's Office all while using government resources and property as part of the scheme to defraud for economic gain and benefit for himself and others including the financial institution he is associated with in which he also serves as a director/shareholder in blatant violation of the law.

  • Assisted in filing an ethics complaint with the Grievance Committee for the Second, Eleventh, and Thirteenth Judicial Districts in Brooklyn, NY against a New York licensed attorney for misrepresentations in connection with a settlement agreement. After nearly three years coupled with two other complaints against this attorney, the attorney was disbarred by Court Order.








  • Mr. Demiris also uncovered a public official who is a licensed attorney under the state laws of NJ and a director and shareholder at a financial institution with its headquarters in Bergen County, NJ who failed to file federal and state partnership tax returns Form 1065/NJ1065 for an entity that purchased land in Cresskill, NJ then subdivided and sold off three individual parcels in a total gross amount of $1.2 million and an estimated gross profit of $600,000. The apparent scheme was further aided by corrupt attorneys and the fact that no Form 1099's were filed with federal and state authorities as required by Section 6045(e) of the Internal Revenue Code, as amended by the Tax Reform Act of 1986 nor were K-1's issued to each of its two members. This is commonly known as tax evasion, however, while the statute of limitations may have expired for criminal tax evasion, the statute of limitations for civil tax fraud apparently has no statute of limitations. 

  • An SEC complaint filed against the indirect parent company of a major mortgage loan servicer represented by a law firm  that also represents other well-known financial institutions that conducted hundreds of unlawful sheriff sales against homeowners under a fictitious business name in violation of the law and rules of professional conduct applicable to attorneys.

  • A major private equity firm with its headquarters in New York City with approximately $5.1B of assets under management (AUM) and an estimated $4 million in management fee income apparently has failed to register its domestic limited liability company formed in the state of Delaware as a foreign limited liability company under the state laws of New York and has also failed to file New York State and New York City tax returns.

  • A formal complaint filed with the NJ Department of Labor and Workforce Development against a well-known public contractor who was in business for over 15 years for filing multiple false contract payment claims in a government contract with the Board of Education for a school located in Bergen County, NJ.  The Labor Department subsequently disbarred the firm and its principals from public bidding for a 3-year period. The firm has since folded.

  • An SEC complaint filed against a publicly traded financial institution with its headquarters located in Bergen County, NJ in which substantial evidence uncovered indicating criminal activities by its directors, shareholders and other insiders of violations of, among other things, tax evasion and money laundering activities. Pending investigation may have expanded and may have also resulted in the President/CEO abruptly resigning with no explanation. Stay tuned.

  • The successful overturn of numerous public bid contracts (both federal and local contracts) after uncovering and documenting evidence of bid defects and other unlawful activity which have resulted in the low bidders' bid being rejected by the governing body and awarded to the next lowest responsible and responsive bidder as defined under the law.

  • Reported a New York State attorney to the appropriate authorities who has filed numerous lawsuits in the State of New York on behalf of a number of clients involving automobile accidents. However, this attorney's law firm has failed to meet the pubish requirements in  violation of New York Limited Liability Company Law § 206 and LLC's (both domestic and foreign) that fail to comply with the publication requirements within the designated timeframe of 120 days after forming its business and as a resuit, their authority to carry on, conduct or transact any business has been suspended.