Dominic LoBuglio CPA, CFF, MBA
Services
SPECIALIZING IN PROVIDING ACCOUNTING, TAXATION, AND
CONSULTING SERVICES TO RECEIVERS, TRUSTEES, AND ATTORNEYS
FORENSIC AND RECONSTRUCTION ACCOUNTING
CASH FLOW ANALYSIS
LITIGATION CONSULTING AND EXPERT WITNESS
ANALYSIS OF BUSINESS OPERATIONS AND ACCOUNTING SYSTEMS
TAX COMPLIANCE, RESEARCH, PLANNING AND PROJECTIONS
Contact Dominic LoBuglio
Telephone (310) 553-8458
Cellular (310) 487-4248
25 S. Oak Knoll Ave., No. 405
Pasadena, California 91101
PROFESSIONAL BIOGRAPHY OF DOMINIC LoBUGLIO, CPA, CFF
Dominic LoBuglio received his Master of Business Administration from the University of Southern California in 1976. He received his Bachelor of Science degree in Business Administration from California State University at Los Angeles in 1974.
Mr. LoBuglio has been a Certified Public Accountant in California since 1977 and is also Certified in Financial Forsensics. He is a member of the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants. He has served as a member of the Board of Directors of the California Receivers Forum since the early 1990s. He is involved in LA based charities as a current board member and CFO of the California Jazz Foundation and former board member and CFO of Stop Cancer.
Mr. LoBuglio began his career in business as an operations officer and as a loan officer with Security Pacific National Bank. He started his public accounting in 1975 with Arthur Young & Company where he worked in audit and taxation in a variety of industries.
In 1982, Mr. LoBuglio, together with Michael Sigman, formed LoBuglio & Sigman specializing in forensic accounting while providing accounting and tax services to small and medium size businesses. The firm provides litigation services, serving as accountants to receivers and bankruptcy trustees and serving as expert witnesses and consultants in business litigation cases. Mr. LoBuglio has extensive experience investigating investment schemes, has testified in both the Superior Court and the United States District Court as an expert witness, and has provided expert declarations to the Superior Court, the United States District Court and the United States Bankruptcy Court; he has been retained by both the Securities and Exchange Commission and the United States Attorney’s Office as an expert witness. In 2017, LoBuglio & Sigman was dissolved and Mr. LoBuglio is continuing his practice through his professional corporation Dominic LoBuglio CPA, Inc.
Mr. LoBuglio has participated in a number of California Receivers Forum programs as a panelist including all of the Loyola programs.
QUALIFICATIONS AND EXPERIENCE
DOMINIC LOBUGLIO
PROFESSIONAL AFFILIATIONS:
- Certified Public Accountant in California since 1977
- Certified in Financial Forensics
- Member of the American Institute of Certified Public Accountants
- Member of the California Society of Certified Public Accountants
- Arbitrator - American Arbitration Association's Panel of Arbitrators (prior service)
- Board of Directors - California Receivers Forum
EMPLOYMENT:
- President at Dominic LoBuglio CPA, Inc. (June, 1983 – Current)
- Partner at LoBuglio & Sigman (November, 1982 – August, 2017)
- Manager at Martin Algaze, An Accountancy Corporation (January, 1980 - November, 1982)
- Supervisory Senior at Arthur Young & Company (September, 1975 - January, 1980)
- Operations Officer and Loan Officer at Security Pacific National Bank (August, 1970 - September, 1975)
EXPERIENCE:
Accounting
- Audit and taxation in a variety of industries, including manufacturing, engineering, real estate and construction, entertainment, advertising, insurance, and farming and dairy
- Accountant for court appointed receivers of various entities involved in real estate, mining, finance, and numismatics
- Accountant for bankruptcy trustees
- Special purpose investigations
- S.E.C. filings
- Expert witness (see attached list)
- Testimony in Federal District Court
- Testimony in California Superior Court-
Entertainment
- Audits of production/distribution participation statements (film; video; television, including barter sales syndications)
Banking
- Commercial banking operations and commercial bank lending activities
Finance
- Financial consulting
- Investment analysis
- Business acquisitions/dispositions
EDUCATION:
- M.B.A. in Management, University of Southern California, 1976
- B.S. in Accounting, California State University at Los Angles, 1974
Receivership Engagements
CASE RECEIVER
Goldfield Deep Mines (Gold Investments) Monte Krissman
Orefield Partnerships (Real Estate) John Busetti
American National Cellular (Licensing) Robert Baker
Schoolhouse Coins (Numismatics) Robert Baker
American Equities (Mortgage Broker) David L. Ray
Visa Enterprises Inc. (Real Estate) David L. Ray
Eurobond/Eurogold (Securities Investments) David L. Ray
Flahavan Et Al (Law Firm) David L. Ray
Nemix Foods (Food Distribution) David L. Ray
National Consumers Finance Co. (Lending) Peter A. Davidson
Ventura Plaza (Real Estate) John McGann
Univest Home Loan (Mortgage Broker) David L. Ray
Stratified Advertising (Employment Services) Peter A. Davidson
Tipar Produce, Inc. (Food Distribution) Edythe L. Bronston
PCI Data, Inc. (Foreign Currency Trading) Peter A. Davidson
Subo Corporation (Communications) Byron Z. Moldo
INETINTL.COM, Inc (Internet Services) David L. Ray
All-Pacific Escrow (Escrow Services) Peter A. Davidson
Automated Systems & Concepts International,
Inc.; et al. (Infomercial Productions) Byron Z. Moldo
Long Beach Hospital (Health Care) David J. Pasternak
Century Direct Marketing, Inc. David L. Ray
(Auction Catalogs)
Ritchie Brothers Precision Mfg., Inc. Andrew R. Zimbaldi
(Manufacturer of Industrial Machinery)
RSA Lighting, LLC Les Rodin
(Specialized Lighting Systems)
General Supply Centers, Inc. Byron Z. Moldo
(Toner and related products)
Mediworks, Inc. (Medical Billing Software) Peter A. Davidson
Schultz Investment Advisory (Mutual Fund) David L. Ray
Medicor, LLC Byron Z. Moldo
(Medical Billing Software)
KT Security Services, Inc. (Towing Services) David J. Pasternak
Ami Shafrir, et al. v. Sarit Shafrir, etc., et al. David J. Pasternak
(Real Estate)
Jose Gudino v. Ruben Vasques, et al. Byron Z. Moldo
(Food Processing)
In Re Marriage of Fatemeh Nadia Iravani David J. Pasternak
and Amir Moshen Iravani (Divorce Case)
Alden Jonathon Appleton, et al. (Real Estate) David L. Ray
NLCS Escrow Services, Inc. David J. Pasternak
(Escrow company)
Los Angeles Homeowners Aid, Inc. Edythe Bronston
(Real Estate)
Federal Trade Commission v. Peter A. Davidson
Unicyber Technology, Inc., et al. (Computer
Hardware Distribution)
Connecticut General Life Insurance Company, David L. Ray
et al. v. New Images of Beverly Hills, etc., et al.
(Medical and Surgical Centers)
Sarkis Gumrikyan, et al. v. David J. Pasternak
Khachik Kesheshyan, etc., et al.
(Catering Business)
Kea Balani; Kio Bahrami; et al. v. Curtis Tao, David J. Pasternak
Alice Tao, Akita Floors, etc., et al.
(Hardwood Floor Manufacturing)
Garnik Gholikandi Badalyans v. Caltron Robert C. Warren
Construction Inc.
(Construction)
Securities and Exchange Commission v. Jon Edythe L. Bronston
W. James, et al.
(Offer and sale of securities)
In Re Marriage of Sharon Steffien v. Alvin T. David J. Pasternak
Steffien
(Equipment Leasing)
Escrow Diversified, Inc. (Escrow Company) Peter A. Davidson
Precision Pipeline, Inc. (Pipeline Construction) Edythe L. Bronston
Michael M. Koshak et al. v. Hany Malek et al. David J. Pasternak
(Health Care)
Premier Transactions Escrow, Inc. Peter A. Davidson
(Escrow Company)
Platinum Escrow (Escrow Company) Peter A. Davidson
Securities and Exchange Commission v. Barry A. Fisher
Billion Coupons, Inc. (Foreign Currency Trading)
West Escrow, Inc. (Escrow Company) Peter A. Davidson
Securities and Exchange Commission v. Sun Richard Weissman
Empire, LLC, et al.
(Offer and Sale of Securities)
Prime West Escrow (Escrow Company) Peter A. Davidson
Gateway Business Bank v. Direct Buy of Edythe L. Bronston
Thousand Oaks and Direct Buy of Burbank
(Home Furnishing Franchises)
Tax Care Professionals, Inc. (Tax Compliance) David A. Ray
Apple Escrow, Inc. (Escrow Company) Peter A. Davidson
Intermedia Film Equities USA, Inc. & William Shpall
Subsidiaries (Film Distribution)
Zender’s, Inc. (Retail Furniture Sales) Edythe L. Bronston
MBE Digital, Inc. and BMR Digital, LLC David J. Pasternak
(Digital Printing)
Canam Capital Corporation et al. Peter A. Davidson
(Investments)
AAA Hearing (Hearing Aid Clinic) Edythe L. Bronston
Techniform Metal Curving, Inc. Nancy Knupfer
(Metal Fabrication)
Piron Escrow, Inc. (Escrow Company) Peter A. Davidson
Commercial Escrow Services, Inc. Peter A. Davidson
(Escrow Company)
A.C.T. Escrow, Inc. (Escrow Company) Peter A. Davidson
The Cochran Firm Los Angeles (Law Firm) David A. Ray
Seaside Escrow, Inc. (Escrow Company) Peter A. Davidson
Diversity Escrow, Inc. (Escrow Company) Peter A. Davidson
Federal Trade Commission v. Virtual PC Howard Camhi
Solutions, et al. (Telemarketing Sales of
Computer Security and Technical Support
Services)
Consumer Financial Protection Bureau v. Howard Camhi
National Legal Help Center, Inc., et al.
(Consumer Mortgage Loan Modifications)
Raw State, LLC (Wholesale Apparel) Edythe L. Bronston
Gourmet Green Room, Inc. (Medical
Marijuana Dispensary) David J. Pasternak
Efficient Escrow Services Group
(Escrow Company) Peter A. Davidson
Behavioral Learning Center, Inc. David A. Pasternak
(Health Services) (Provisional Director)
Providence Escrow, Inc. Peter A. Davidson
(Escrow Company)
Builders Control Service Co. Peter A. Davidson
(Escrow Company)
Edison Maricopa Kevin Singer
(Oil Leases)
Cooper’s Escrow Peter A. Davidson
(Escrow Company)
World Organics, LLC David J. Pasternak
(Agriculture Wholesaler)
4300 Melrose Associates David J. Pasternak
(Commercial Real Estate)
New Age Pharmaceuticals, Inc. David J. Pasternak
(Pharmacy)
DF Real Estate Partners, LLC Robert P. Mosier
(Real Estate)
SEC v. Secured Capital Investments, LLC Robert P. Mosier
(Offer and Sale of Securities)
SEC v. Capital Cove Bancorp, LLC Robert P. Mosier
(Offer and Sale of Securities)
AZUSA Pacific University vs. David Reid, George R. Monte
Diamond Villa LLC, and David Reid Real Estate
(Real Estate)
Irmo Whitehead Thomas H. Coleman
(Family law case involving a CPA practice)
Amerilink Escrow, Inc. Peter A. Davidson
(Escrow Company)
City of Sierra Madre vs. Jeffrey M. Hildreth, et al.
(Health and safety code violations) David J. Pasternack
City of Commerce vs. Helen Mendez, et al. Edythe L.Bronston
(Health and safety code violations)
The People of the State of California vs. David J. Pasternak
Carlita Henrietta Taylor, et al.
(Health and safety code violations)
Rebecca Spears and Rachel Daet vs. Andrew Zimbaldi
Marsoljuliet Diaz, et al.
(Real property dispute)
The People of the State of California vs. David J. Pasternak
Lolita Garcia
(Diversion of funds from a non-profit entity)
Cosmojet, Inc. David J. Pasternak
(Cosmetics manufacturing - Appointment of
Provisional Director)
America Money Group, Inc. vs. Carl G. Petta
Ten Minute Title Loans Holdings LLC, et al.
(Consumer lending)
Wamdara Inc. Robert P. Mosier
(Real Estate)
Magma Holding, Inc. vs. Ka Tat Au-Yeung Kevin Singer
(Shareholder Dispute)
Blair Stover vs. 9220 S Sepulveda LLC Byron Z. Moldo
(Member dispute)
Builders Disbursements Inc. Byron Z. Moldo
(Escrow Company)
Expert Witness and Consultation Engagements
[1982] Security and Exchange Commission v. Goldfield Deep Mines
Case involved a fraudulent investment scheme
Qualified as expert accountant by SEC attorney
Testified in Federal District Court on behalf of plaintiff
[circa 1990] Business valuation case
Retained by Marvin Bernstein, Esq.
Testified in arbitration proceeding
[circa 1994] Ventura Plaza
Order to show cause pertaining to former owner=s retention of rents in a
receivership case
Retained by Sandra Stevens, Esq. of Saltzburg, Ray & Bergman
Qualified as expert accountant
Testified in California Superior Court on behalf of receiver
[1998] In re: Murdock, Inc., Debtor
Case involved insider preference payments
Retained by Saltzburg, Ray & Bergman, Special Counsel for Official Committee
Of Unsecured Creditors
Case settled
[1998] Standard Brands Paint v. Fletcher Byron
Case involved insider preference payments
Retained by Robert E. Feyder, Esq. of Kirkpatrick & Lockhart LLP on behalf of
defendant
Case settled
[2000] Miller Metals et al
Case involved the issue of usurious interest on a note
Retained by Theresa A. Kristovich, Esq. of Kelly Drye & Warren LLP on behalf
of defendant Miller Metals
Deposition taken; case settled during trial prior to expert testimony
[2002/2003] Smurfit v. Media News Group, et al.
Case involved damages resulting from a breach of contract
Retained by Theresa A. Kristovich, Esq. of Hughes Hubbard & Reed LLP
Qualified as expert accountant
Testified in California Superior Court on behalf of defendant
[2003] Lot 27 Beverly Venture, Inc. v. Han Moeljadi, Evie Moeljadi, and HBE Management & Investment, Inc.
Case involved damages resulting breach of fiduciary duty, fraud, conspriacy, and conversion
Retained by Byron Z. Moldo of Rein Evans & Sestanovich LLP as a consultant
Case settled after mediation
[2003/2004] Compaq Computer Corporation v. Mag-Tek, Inc.
Case involved damages resulting from a breach of contract pertaining to the sale of a business
Retained by Shigeru Watanabe, Esq. of Van Etten Suzumoto & Becket LLP
as an expert accountant
Case settled after deposition and prior to testimony
[2003/2004] The Capital Life Insurance Company, et al. v. The Prudential Insurance Company of America, et al.
Case involved losses resulting from purchase of mortgage backed securities offered by the Defendants in a private placement memorandum
Retained by Jon Borderud of Prongay & Borderud as an expert accountant
Case settled after deposition and prior to testimony
[2004] Tousa Homes, Inc. fka Engle Homes, Inc. v. Brent R. Phillips, et al.
Case involved losses resulting from purchase of the assets of Defendants’ real estate development companies
Retained by Ann Lyter Thomas, Esq. of Kolesar & Leatham, Chtd. as an expert accountant
Case settled
[2005] Securities and Exchange Commission v. Emvest Mortgage Fund, LLC, et al.
Case involved allegations by the Commission of an ongoing Ponzi scheme concerning the fraudulent offer and sale of securities
Retained by Molly M. White, Esq. of the Securities and Exchange Commission as an expert accountant
Testified in Federal District Court on behalf of plaintiff
[2006] James H. Donell, Court Appointed Receiver v. GM Partners LP, et al.
Case involved alleged fraudulent transfer of real estate.
Retained by Kimberly D. Lewis, Esq. of Moldo Davidson Fraioli Seror &
Sestanovich LLP
Case settled
[2007] Four Star Financial Services, LLC v. Andrew R. Zimbaldi.
Case involved alleged fraudulent transfer of money in a
“Ponzi-type scheme”
Retained by defendant
Case settled after issuance of expert report
[2007] Balani; Kio Bahrami; et al. v. Curtis Tao, Alice Tao,
Akita Floors, etc., et al.
Case involved partnership dispute resulting from the sale/
acquisition of a hardwood floor manufacturing business
Testimony requested by both parties
Case settled after testimony in court
[2008] In re: C&C Jewelry Mfg., Inc., Alleged Debtor
Case involved an involuntary bankruptcy petition filed against C&C Jewelry Mfg., Inc.
Retained by C&C Jewelry Mfg., Inc.
Expert report filed
Motion by C&C Jewelry Mfg., Inc. for dismissal granted
[2008] Securities and Exchange Commission v. CMKM Diamonds, Inc., et al.
Case involved allegations by the Commission of a massive and complex scheme to improperly issue an sell stock and to manipulate stock price and volume
Retained by Molly M. White, Esq. of the Securities and Exchange Commission as an expert accountant
Case settled
[2009] U.S. v. Jon James
Case involved allegations by the U.S. Attorney that Defendant operated a Ponzi scheme.
Retained, prior to indictment, by Michael Wilner, Esq. of the U.S. Attorney’s Office as an expert accountant
Defendant pleaded guilty
[2010] Tresierras v Tresierras
Case involved a partner dispute
Appointed as Referee by the Superior Court
Case settled
[2010] Partnership Dispute
Retained by Jon Borderud, Esq. for Defendant
Testified at arbitration hearing
Case settled
[2011] Securities and Exchange Commission v. Westmoore Management, LLC et al.
Case involves allegations by the Commission that the proceeds from unregistered
securities offerings by numerous issuers were used to operate a Ponzi-like
scheme
Retained by Spencer E. Bendell, Esq. of the Securities and Exchange Commission
as an expert accountant
Case settled
[2010] Shareholder Dispute
Retained by Don Burris, Esq. for Plaintiff
Testified at arbitration hearing.
Case settled
[2012] In re the Matter of John E. Unger and Calra G. Unger Revocable Living
Trust Dated August 23, 1990
Retained by Adam L. Streltzer, Esq. for Plaintiff
Dispute of accounting by trustee
Case settled
[2012] Los Angeles County Bar Association Lawyer Referral and Information Services v. James Kosnett, Esq.
Retained by Ronald P. Slates, Esq. for Plaintiff
Dispute involving payment of referral fees
Case settled
[2012] Securities and Exchange Commission v. Christian Stanley, Inc. and Daniel C.S. Powell
Case involves allegations by the Commission that the proceeds from unregistered
securities offerings were used to operate a Ponzi-like scheme
Retained by Spencer E. Bendell, Esq. of the Securities and Exchange Commission
as an expert accountant
Case settled
[2013] New-Ray Toys Co., Ltd.
Case involves disputing a royalty audit claim by Ford Motor Company
Retained by Ronald P. Slates, Esq. for New-Ray Toys Co., Ltd.
Submitted analysis to counsel
Case settled
[2013] Marman Industries Inc.
Case involves a shareholder dispute
Retained by Marman Industries Inc. Board of Directors
Case settled
[2013] U.S. v. Bich Nguyen
Case involved allegations by the U.S. Attorney that Defendant operated a Ponzi scheme.
Retained, prior to indictment, by Gregory W. Staples, Esq. of the U.S. Attorney’s Office as an expert accountant
Testified at hearing
Defendant was found guilty
[2014] In re the Matter of The Morris Trust Amended and Restated January 5, 2006
Retained by Adam L. Streltzer, Esq. for Co-Trustee
Dispute of accounting
Case settled
[2016] Osbakken Estate
Retained by Adam L. Streltzer, Esq. for Beneficiary
Forensic investigation
Case settled
[2016] Moacanin Conservatorship
Retained by Adam L. Streltzer, Esq. (PVP Counsel for Conservatee)
Dispute of accounting
Case settled
[2016] 315 Arden, LLC v. Red Mountain Group, Inc.; et al.
Retained by Kenneth Miller, Esq. of Ervin Cohen & Jessup LLP for Defendant
Complaint avoidance and recovery of fraudulent transfer
Case settled
[2017] IRMO Colemen
Retained by Jonathan D. Levin, Esq.
Family law case involving tracing to determine separate versus community
Property shares
Case settled
[2018] IRMO Goldsmith and Reiss
Retained by Jonathan D. Levin, Esq.
Family law case involving tracing to determine seperate versus community property shares
Case settled
[2018] Malek v. Fenton & Nelson
Retained by Gretchen S. Carner, Esq.
Legal malpractice suit alleging professional negligence and breach of fiduciary duty
Case is being currently litigated
[2018] Timothy P. Free v. Douglas Hayden, et al.
Retained by Mark B Wilson, Esq.
Shareholder dispute involving misuse of corporation funds
Case settled
[2018] Petros Taglyan, et al. vs. Tekeyan Cultural Association, Inc., et al.
Retained by Gretchen S. Carner, Esq.
Suit alleging breach of contract and fraud
Case is currently being litigated
[2018] Ingrid Beatriz Chicas Special Needs Trust
Retained by Adam L. Streltzer, Esq. for Beneficiary
Review of fiduciary accounting
[2018] Conservatorship of Sanford Weiss
Retained by Adam L. Streltzer, Esq. for Conservatee
Review of fiduciary accounting
[2018] Bledstein Trust
Retained by Adam L. Streltzer, Esq. for Beneficiary
Review of investment portfolio
[2018] RMI International Inc.
Retained by Jon Borderud, Esq. to perform a business evaluation
Dispute was resolved without litigation
[2019] Cornish Trust
Retained by Adam L. Streltzer, Esq. for Beneficiary
Review of fiduciary accounting
[2019] GAL Rosenberg Trust
Retained by Adam L. Streltzer, Esq. for Beneficiary
Review of fiduciary accounting and allocations of estate assets
[2021] Kazian-Gendian Testamentary Trust
Retained by Adam Streltzer, Esq. for Trustee
Analysis and Reconstruction of fiduciary accounting
[2021] Werner vs. Rubin
Retained by Laurence Berman, Esq. for Defendant
Testified at hearing
Arbitration hearing completed and awaiting ruling
[2021] California Receiver's Group
Appointed by Superior Court of California
Review of Receiver's billings and report to the Court