Richard Ruffing, Jr. has more than 14 years of experience in the dispute consulting industry. His engagements involve forensic accounting and fraud investigations, including anti-bribery and anti-corruption investigations. He has extensive experience supporting the United States Department of Justice with matters involving the Foreign Corrupt Practices Act, including tracing assets through the international financial system, evaluating gains arising from bribery schemes, and evaluating claims of inability to pay a criminal fine or criminal monetary penalty.
Richard also provides financial consulting services to attorneys, audit committees, executive management teams, and individuals in the context of complex commercial litigation. His experience includes providing opinions related to economic damages, shareholder disputes, lost earnings from personal injury, and tracing of assets for marital dissolution.
Richard has assisted clients with contract compliance and royalty audits, including performing fieldwork at the licensee’s offices, gathering the applicable and relevant information, performing analyses to determine any over or underpayments of royalties, and providing advice to licensor’s regarding best practices for future license agreements.
Richard's experience also includes providing interim Controller and Financial, Planning, & Analysis services in the higher-education industry, including assisting in the preparation of reports for the Department of Education, maintaining financial forecasts, and assisting in the preparation of board meeting materials.
Prior to joining Stout, Richard was an Associate at Gould & Pakter Associates, LLC where he focused on providing litigation support to trial lawyers and expert testimony on commercial dispute matters.
Select Publications
-
National Litigation Consultants’ Review July 2015
Case Review: Sunlight Saunas, Inc. v. Sundance Sauna, et al.
Select Presentations and Speeches
-
JMB Insurance June 2017
Calculating Business Interruption Claims
-
Association for Conflict Resolution Chicago Chapter President's Program May 2017
Use of Financial Experts in Mediation
-
Loyola University Chicago April 2017
Forensic Accounting and Intellectual Property Services
-
Loyola University Chicago December 2016
Managing Fraud – Client Perspective
-
Loyola University Chicago October 2014
Corporate Manufacturing Company, A Financial (Mis)Statement Case Study
-
Chicago Law Firm September 2013
ACFE Report to the Nations on Occupational Fraud and Abuse
-
ICPAS North Shore Chapter Industry & Business Forum September 2012
Latest Developments in Forensic Accounting, ACFE Report to the Nations on Occupational Fraud and Abuse
-
ICPAS Forensic Accounting Conference June 2012
Economic Damages: Non-Competition and Other Claims Establishing Lost Profits Damages in the Context of a Violation of a Non-Compete Agreement, Gathering and Reviewing Evidence
Practice Areas
Education
M.S.A., Loyola University Chicago
B.B.A., Accounting, Loyola University Chicago
Licenses & Designations
Certified Public Accountant (CPA)
Certified in Financial Forensics (CFF)
Certified Fraud Examiner (CFE)
Professional Memberships
American Institute of Certified Public Accountants
Association of Certified Fraud Examiners
American Bar Association
Community Engagement
Association for Conflict Resolution – Chicago Chapter (Treasurer)