Experts & Advisors
George Minkovsky
Managing Director
George Minkovsky is a Managing Director at Ankura. He provides valuation, solvency, and damages analyses for purposes of commercial litigation, shareholder disputes, voidable transactions matters, estate and gift tax reporting and disputes, employee stock ownership plan compliance, ERISA litigation, and marital dissolution. George has presented his findings to management committees, Board of Directors’ committees, regulators, and state and federal courts.
Experience
Examples of George’s professional experience include:
- Post-Merger & Acquisition Disputes: Analyzed net working capital adjustments, inventory valuations, breaches of representations and warranties, and material adverse effects allegations. Provided but-for valuations isolating the effects of alleged revenue overstatements and fraudulent transactions and representations.
- Shareholder Litigation Matters and Minority Shareholder Disputes: Provided enterprise valuations. Evaluated and applied discounts for lack of control and or lack of marketability of equity securities. Allocated equity value in complex ownership structures according to contractual liquidation preferences.
- Breach of Contract Damages analysis: Valued alternative solutions and mitigation costs to resolve damages from alleged construction delays and failures to perform and deliver according to contractual obligations.
- Board-Led Investigations: Conducted investigations into allegations of improper revenue recognition, asset misappropriation, accounting for tooling, inventory costing, FCPA matters, related party transactions, accounting irregularities, and financial statement fraud.
- Regulatory Inquiries and Investigations: Analyzed complex accounting and valuation issues arising from Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and Public Company Accounting Oversight Board (PCAOB) investigations and inquiries into options backdating, accounting and auditing of derivatives such as Credit-Linked Notes (CLNs), Credit Default Swaps (CDS), Collateralized Loan Obligations (CLOs), Residential and Commercial Mortgage-Backed Securities (RMBS and CMBS).
- Antitrust Matters: Analyzed specificity and verifiability of claimed merger efficiencies and synergies. Evaluated quality of earnings.
- Solvency and Ability-to-Pay matters: Provided analysis of management forecasts and evaluated contemplated capital investments and ability to pay statutory fines.
- Bankruptcy Proceedings: Assisted U.S. Trustees and Creditors’ Committees with analyses of evidence of self-dealing / alter ego / piercing of the corporate veil. Valued assets in liquidation.
- Interest Rate “Cramdown” proceedings: Analyzed debtors’ coming out of bankruptcy plans and evaluated the appropriate interest rate.
- Marital Dissolutions: Traced pre- and post-marital assets and provided enterprise and asset valuations.
- Education
- M.Sc., Accounting and Information Management, Northwestern University –Kellogg School of Management
- MBA, Finance and Accounting, Illinois State University
- BA, Applied Economics and Business Administration, American University in Bulgaria
- Certifications
- Accredited Senior Appraiser, Business Valuation
- Certified Public Accountant
- Certified Fraud Examiner
- Certified Management Accountant
- Certified Financial Manager
- Affiliations
- American Society of Appraisers
- American Institute of Certified Public Accountants
- Association of Certified Fraud Examiners
