Frank T. Mascari



  • Chicago


Frank Mascari has more than twenty years of experience providing financial and accounting consulting services in commercial litigation and fraud investigation matters. He has worked on a variety of issues related to post-acquisition disputes, accounting malpractice, and commercial damages matters. Mr. Mascari is a certified fraud examiner.

Accounting and auditing
  • Assessed damages, liability, and causation claims related to financial reporting fraud and accounting restatements
  • Analyzed issues related to revenue recognition, improper capitalization of expenses, acquisition accounting and reserves, falsified assets, impairments, earnings management, operating accruals, and prior-period adjustments
Forensic investigations
  • Conducted investigations for audit committees of publicly traded companies to assist with SEC filings and pending SEC and DOJ investigations
  • Investigated and identified millions of dollars in kickbacks, thefts, and improper use of company assets
  • Participated in multiple stock option backdating investigations on behalf of corporations, their boards, and outside counsel
Commercial litigation
  • Assessed damages, lost profit, breach of contract, and bankruptcy claims
  • Created and analyzed complex financial models
  • Analyzed due diligence processes, marketing practices, pricing policies, financial statements, budgets, operating performance, and financial forecasts
Community engagement

Mr. Mascari is on the board of directors and the finance and audit committee of the Center for Disability and Elder Law, which provides pro bono legal services to low-income seniors and adults with disabilities in Chicago. He has also served as the organization’s board treasurer, secretary, and vice president.

Previously, he was a director in Navigant Consulting’s Disputes & Investigations practice.


Accounting Cases Involving SPACs

Press Release

Accounting-Related Allegations in Securities Class Actions Decreased Sharply in 2021


Accounting Class Action Filings and Settlements—2021 Review and Analysis


Accounting Class Action Filings and Settlements


Accounting Class Action Filings and Settlements—2020 Review and Analysis


Allegations of Accounting Firm Liability


Auditor Independence: Individual Auditor


Cornerstone Research Connects: 2019 Accounting Class Action Filings and Settlements

  • “Confusion Reigns: Applying the Multiplied Damages Exception in Representations and Warranties Insurance Policies,” Bloomberg BNA, 2016