D. Ray Strong

Managing Director

D. Ray Strong has provided expert, advisory, and fiduciary services for over twenty years involving investigative and forensic accounting, internal investigations, bankruptcy, federal and state court receiverships, corporate restructuring, and litigation support in local, national, and international matters.

He is a Certified Public Accountant, Certified Fraud Examiner, and Certified Insolvency and Restructuring Advisor, and is certified in Financial Forensics by the American Institute of Certified Public Accountants.

Mr. Strong has extensive expertise providing civil and criminal forensic and investigative accounting services, including the investigation of fraud and mismanagement, corporate internal investigations, financial data reconstruction, “big data” analysis, tracing of funds and assets, partner dispute examinations, lost-profit damage analyses, breach of contract claims, insurance claim recovery, and witness and target interviewing. He has provided testimony in federal court, state court, and arbitration cases. He has investigated numerous fraud and mismanagement-related issues, including complex management and financial statement frauds, asset-misappropriation schemes, Ponzi and investment schemes, bank fraud, and bankruptcy fraud.

Mr. Strong is a seasoned professional in bankruptcy and insolvency-related matters, including court-appointments as Chapter 11 Trustee, Liquidating Trustee, Estate Manager, Examiner, and Receiver. He regularly serves as an accountant and financial advisor to bankruptcy trustees, creditors’ committees, and court-appointed receivers. His experience includes the liquidation of assets, investigation of alleged insider dealings, liquidation and substantive consolidation analyses, plan development and feasibility, investigation and prosecution of avoidance actions, solvency analyses, and claims resolution.

Mr. Strong has advised companies on the brink of default with their lenders or potential insolvency proceedings. He has operated and managed distressed companies within bankruptcy and receivership cases to preserve and maximize going-concern value for stake holders. His responsibilities often entail analyzing operating viability, developing key performance indicators and operating metrics, creating cash-flow forecasts, restructuring executive management teams and accounting departments, upgrading IT infrastructures, evaluating and implementing internal controls, addressing employee retention and benefit issues, identifying and resolving environmental claims, leading marketing and business development efforts, establishing treasury functions and systems, implementing cost control measures, and reconstructing financial and operating information.

Mr. Strong has taught graduate-level accounting courses at the University of Utah and Westminster College of Salt Lake City. He frequently presents on fraud, insolvency, and accounting-related topics.

Employment History

S3 Advisory
Managing member
2015 – 2018

LECG, LLC
Director
2005 – 2011

Neilson Elggren LLP
Partner
2000 – 2005

The Sundance Group
Assistant controller
2000

Arthur Andersen LLP
Manager
1998 – 2000

Neilson, Elggren, Durkin & Company
Staff accountant/ senior accountant
1995 – 1998

Lynn M. Carlson & Company
Staff accountant
1990 – 1994