Karl Jarek is a Managing Director with The Nottingham Group, LLC. Since 1991, he
has specialized in forensic accounting, litigation consulting and business reorganization.
Karl consults with attorneys and their clients in a variety of business disputes,
including bankruptcy, breach of contract, business valuation, construction claims,
environmental claims, fraud investigations, insurance claims and patent infringement.
He assists with initial case assessment, investigative strategy, the discovery process
and the evaluation and preparation of expert witness reports. Karl has spoken at
seminars and has written articles on the topics of fraud investigation, intellectual
property licensing and valuation as well as litigation support issues. His industry
experience includes agriculture, banking, brokerage, construction, engineering, health
care, high technology, leasing, manufacturing, mining, real estate and retail.
Before joining The Nottingham Group in 2007, Karl was a shareholder with a regional
CPA firm based in Pittsburgh. He was also the Director-in-Charge of the Financial
Advisory Services practice of PriceWaterhouseCoopers in Pittsburgh. In this capacity
he managed a staff of ten professionals and directed a consulting practice in the
areas of litigation support, fraud investigations, business reorganizations and bankruptcy.
Karl has testified before the U.S. District Court for the Western District of Pennsylvania
and the Southern District of Ohio, the U.S. Bankruptcy Court for the Western District
of Pennsylvania and the Court of Common Pleas of Allegheny, Beaver, Butler, Cambria
and Greene Counties, Pennsylvania. He has also testified before the Commonwealth
of Pennsylvania Board of Claims and the Commonwealth of Pennsylvania Department of
Labor and Industry. He is an experienced arbitrator, having served in this capacity
in both complex and simple matters for the American Arbitration Association.
Karl started his career as an auditor in the mid-1980's with the international accounting
firm now known as KPMG. As an auditor, Karl worked in a variety of industries. His
responsibilities included designing audit programs and related budgets, preparation
of financial reports and supervision of staff in completing the audit. He also prepared
and presented recommendations to clients to strengthen internal controls and improve
Karl also has hands-on experience in the accounting and finance department of a publicly
traded corporation. He acted as Controller for Grant Street National Bank, the $1
billion "bad bank" spin off of Mellon Bank Corporation in 1988. In this position,
Karl designed and implemented accounting controls and procedures for this start-up
corporation. He also developed and maintained on-going financial reporting to management,
the board of directors, shareholders, the SEC and other regulatory agencies.
In addition to being a Certified Public Accountant, Karl is Accredited in Business
Valuation and Certified in Financial Forensics through the American Institute of
CPAs ("AICPA"). Karl is a member of the AICPA and the Association of Certified Fraud
Examiners. He received his Bachelor of Science degree from Waynesburg College and
his Master of Business Administration from the University of Pittsburgh.