Jonny Frank, a Partner with StoneTurn, brings nearly 40 years of public, private and education sector experience in forensic investigations, compliance and risk management. He joined StoneTurn in 2011 from PricewaterhouseCoopers (“PwC”), where he was a partner, and founded and led the firm’s global Fraud Risk & Controls practice.
Jonny serves as the Department of Justice (“DOJ”)-appointed Independent Compliance and Business Ethics Monitor to a global investment bank, and as Forensic Adviser to the Independent Compliance Monitor of one of the world’s largest institutional alternative asset managers. He previously served as the NYS Department of Financial Services-appointed Independent Compliance Monitor to the nation’s largest non-bank mortgage servicer, and was the DOJ-appointed Independent Consultant to a $2.5 trillion investment bank. He also served as forensic adviser to a National Highway Traffic Safety Administration (“NHTSA”)-appointed Monitor of a Tier One automotive supplier and the DOJ-appointed Foreign Corrupt Practices Act (“FCPA”) Monitors of a $250 billion oil and gas conglomerate and $6 billion medical device manufacturer.
Established in 2003 in the aftermath of Enron, PwC’s Fraud Risk & Controls was the only Big Four practice devoted wholly to prevention, detection, and remediation of fraud, corruption, waste and abuse. Jonny pioneered the “scheme and scenario” antifraud risk assessment framework, subsequently embraced or endorsed by the SEC, Committee of Sponsoring Organizations of the Treadway Commission (“COSO”), the American Institute of CPAs (“AIPCA”) and the Institute of Internal Auditors (“IIA”). He also developed a forensic auditing & monitoring curriculum and has trained over 5,000 professionals worldwide on risk assessment, control activities, data analytics, forensic accounting, planning and executing investigations and remediation.
Previously, he founded PwC Investigations, a global practice focused on the investigation and remediation of fraud and corruption. At PwC, Jonny led more than 500 engagements, including investigations of the President of Indonesia and Bank of China Chairman.
Jonny began his professional career as a Federal prosecutor in the U.S. Department of Justice, where he rose to Executive Assistant United States Attorney for the Eastern District of New York. His prosecutorial specialty involved investigating and prosecuting economic crimes by and against Fortune 500 companies. In the mid-1990s, the Justice Department appointed Jonny to serve as Special Counsel to the New York City Mayoral Commission on Police Corruption, where he helped to restructure processes and controls to prevent and detect corruption. The DOJ also appointed Jonny to review criminal codes and train judges and prosecutors in post-Soviet democracies.
Jonny has served on the faculties of the Yale School of Management, Fordham University Law School and Brooklyn Law School, where he taught courses on strategic fraud and corruption management, complex criminal investigations and international criminal law. He is an award-winning author of more than 75 articles and book chapters, and has delivered over 75 lectures worldwide to university, public and private sector audiences.