Joseph R. Hellenbrand, P.E., PSP
New York

450 Seventh Avenue
37th Floor
New York, NY 10123
Tel: +1 929 447 5500
Fax: +1 929 447 5507

Nancy M. Gregory, MBA, CFE, CCEP

Senior Manager

Nancy Gregory has over 20 years of experience in fraud investigations and forensic accounting. She has extensive experience assessing the adequacy of internal controls, conducting risk assessments, and performing internal monitoring and auditing. Prior to CPMI, she worked as a senior manager where she created and executed auditing and monitoring plans, drafted compliance policies, and evaluated contractual proof of performance. She has worked for construction contractors as well as project owners and has testifying experience.

  • Simmons University, MBA
  • Georgetown University, B.A., Sociology
  • CFE (Certified Fraud Examiner), Association of Certified Fraud Examiners
  • CCEP (Certified Compliance and Ethics Professional), Society of Corporate Compliance and Ethics
  • Certificate in U.S. Healthcare Compliance, Seton Hall University School of Law
Professional Affiliations
  • Association of Certified Fraud Examiners
  • Boston Chapter, Association of Certified Fraud Examiners
Select Publications

“Financial Statement Red Flags,” Construction Financial Management Association Newsletter, Co-Author, 2015.

“Five Tips to Help Companies Avoid Cash-Related Fraud,” Construction Financial Management Association Newsletter, Co-Author, 2015.

Project Highlights

Fraud Allegations Against a Steel Fabricator – Investigated allegations of suspected fraud by a steel fabricator on behalf of a large regional bank after default in line of credit and term loan, in aggregate of $25 million. Reviewed contracts, progress payments, change orders, extra work orders, receipts, and expenses to determine if periodic financial reports to the bank were misrepresented.

Financial Advisor to Operating Chapter 11 General Contractor – Provided daily on-site presence for an eight-month period to assess going concern viability of a $300 million operating Chapter 11 commercial construction company by monitoring daily operations, evaluating contracts in progress, work out to bid, reasonableness of overhead, and budget to actual results. At the time of initial engagement, the company had 200 open contracts, $8,000,000 in cash and had received a going concern opinion from its accountants.

Payment and Materials Bond Claim Analysis of a Construction and Architectural Design Firm – Conducted bond claim analysis and large-scale receivable collection effort of a $300 million architectural design and construction firm in Chapter 11 that conducted business in approximately 15 states. Performed detailed review of thousands of transactions to limit the claims of bonding companies and corporate clients to maximize receivables collection.

Insolvency Opinion of an Electrical Company – Performed an insolvency analysis of a Chapter 11 Debtor as of the date of a Stock Redemption Agreement and Employment Termination and Equities Transfer Agreement (the “Agreements”) to determine if the Debtor was insolvent as of the date of the Agreements or was rendered insolvent thereby. Drafted expert report opining that the Debtor became insolvent upon the consummation of the Stock Redemption Agreement.