Jonny Frank brings over 40 years of public and private sector and law and business school teaching experience in forensic investigations, compliance, and risk management. He helps organizations and counsel remediate misconduct and address regulatory findings.
Jonny is well-known for his work in risk assessment, remediation, controls testing and compliance monitoring. He joined StoneTurn from PwC, where he was a Partner, and founded and globally led the Fraud Risk & Controls practice, and the Yale School of Management, where he was a Senior Faculty Fellow.
Voluntary & Government Monitorships & Independent Consultant Assignments
Jonny is the SEC Independent Compliance Consultant to a “household-name” foreign bank and the voluntary consultant to a nationwide brokerage with over eight million clients and $1.5 trillion under management and a credit rating agency. Previously, he served as the DOJ Independent Compliance and Business Ethics Monitor to Deutsche Bank, the DOJ-appointed Independent Auditor to Fiat Chrysler, the Executive Deputy DOJ Monitor to Volkswagen, the SEC Independent Consultant to a Big Three rating agency, the voluntary remediation consultant to a Nordic Bank, the NYS Department of Financial Services (NYDFS) Independent Compliance Monitor to Ocwen, the nation’s largest non-bank mortgage servicer, and the DOJ Independent Consultant to a $2.5 trillion investment bank. He also served as Forensic Adviser to the SEC Independent Consultant of a Big Four Public Accounting firm, the National Highway Traffic Safety Administration (NHTSA)-appointed Monitor of a Tier One automotive supplier, DOJ FCPA Compliance Monitor of a $250 billion oil and gas conglomerate, DOJ FCPA Compliance Monitor of a $6 billion medical device manufacturer, and DOJ Independent Compliance Monitor of one of the world’s largest institutional alternative asset managers,
PwC Investigations of Indonesia President and Bank of China Chairman
As a Partner with PwC, in 1997, Jonny founded PwC Investigations, which focused on investigating and remediating serious misconduct by and against companies and governments. His engagements spanned the globe, including investigations of the President of Indonesia and the Chairman of the Bank of China.
“Scheme and Scenario” Risk Assessment Framework
Established in 2003 in the aftermath of Enron, PwC’s Fraud Risk & Controls was the only Big Four practice devoted wholly to preventing, detecting, and remedying fraud, corruption, waste, and abuse. Jonny pioneered the “scheme and scenario” 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 trained over 5,000 professionals worldwide on risk assessment, controls, data analytics, forensic accounting, planning and executing investigations and remediation.
Executive Assistant U.S. Attorney, Eastern District of New York
Jonny began his professional career as a Federal prosecutor in the U.S. DOJ, 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.
Award Winning Author and 20+ Years of Law & Business School Teaching Experience
Jonny served for twenty years on the faculties of the Yale School of Management, Fordham University Law School and Brooklyn Law School, where he taught strategic fraud and corruption management courses, complex criminal investigations and international criminal law. He is an award-winning author of over 75 articles and book chapters and has delivered over 75 lectures worldwide to university, public and private sector audiences.