MICHAEL J. MOLDER, JD, CPA, CFF, CFE, CVA

CURRICULUM VITAE

Business:

Margolis & Company P.C.

401 E City Avenue, Suite 600

Bala Cynwyd, PA 19004

610-667-6250

mmolder@marg.com

Associate Director, Forensic & Litigation Services Group

Education:

Pennsylvania State University B.S. Accounting, 1984

Temple University School of Law, 1991

CPA Certification:

Commonwealth of Pennsylvania, Certificate Number CA-024289-L

Professional Associations:

American Institute of Certified Public Accountants

Pennsylvania Institute of Certified Public Accountants

Business Valuation Committee of the Philadelphia Chapter, Member (2007 to present)

Speakers’ Bureau of the Philadelphia Chapter, Member (2007)

The Pennsylvania Bar Association

Association of Certified Fraud Examiners

National Association of Certified Valuation Analysts

Other Affiliations:

Small Business Board of Directors of the Greater Philadelphia Chamber of Commerce Member, 2006 to Present)

Investment Club of the Temple Beth Hillel Beth El Men’s Club (Founding Member, 2000 – Present) / Treasurer (2004 – 2007)

Investment Club of the Temple Beth Hillel Beth El Men’s Club – Vice President (2003)

Investment Club of the Temple Beth Hillel Beth El Men’s Club – Investment Committee Chair (2003)

Qualifications:

Michael J. Molder is associate director of Margolis & Company’s Forensic and Litigation Services Group. Michael uses more than twenty years of forensic accounting experience to help solve cases involving allegations of financial impropriety. He has acted as both counsel and accounting expert in such matters and his experience has included pending or threatened litigation as well as internal investigations of financial misconduct.

Michael J. Molder is a graduate of the Pennsylvania State University (Class of ‘84) with a degree in accounting. He began his professional career with a multi-national accounting firm where he teamed with senior audit staff and managers to work on numerous new clients and other audits which involved particularly complex issues. During the seven years of his accounting career, Mr. Molder progressed to the position of Supervisor in the Accounting and Auditing department of Cogen Sklar, LLP, a regional accounting firm. Over the years he participated in or was responsible for preparation and/or examination of financial statements in a wide variety of industries ranging from clothing manufacturing to life and health insurance to investment management to a school district to food service.

While at Cogen Sklar, Mr. Molder served on that firm’s Accounting and Auditing Committee, an elite group of professional staff and partners which was responsible for evaluation of the firm’s compliance with newly promulgated generally accepted accounting principles (“GAAP”) and generally accepted auditing standards (“GAAS”). Mr. Molder was also one of the firm’s three pre-issuance reviewers who were ultimately responsible for the firm’s compliance with GAAP and GAAS on all appropriate reports issued by the firm on clients’ financial statements. Mr. Molder was also a certified peer reviewer who participated in numerous reviews of other accounting firms under the American Institute of Certified Public Accountants’ Peer Review Program.

In 1991, Mr. Molder received his Juris Doctor from the Temple University School of Law. From 1992, Mr. Molder focused his practice almost exclusively on litigation involving financial misconduct and manipulation of accounting systems. Mr. Molder was one of the principal attorneys involved in investigating hundreds of private corporate and commercial and residential real estate financing transactions in In re Westinghouse Securities Litigation, a lawsuit which resulted in a $67.5 million recovery for Westinghouse investors. Mr. Molder was also a member of the team of attorneys who prosecuted claims on behalf of hospitals and others related to price fixing by manufacturers of medical x-ray film. This case involved extensive analysis of manufacturers’ financial information and pricing structures.

Mr. Molder was lead counsel in the investigation of the financial misconduct of Equipment Leasing Corporation of America in Neuberger and Scott v. Shapiro, et al, E.D.PA 97-CV-7947. Mr. Molder’s detailed financial analyses resulted in a pre-trial settlement which recovered more than fifty percent of the losses sustained by class members and more than twice the limits of insurance claimed by defendants to be available.

Based in large part on Mr. Molder’s accounting expertise, Judge Vaughn Walker appointed his firm lead counsel in In re Cylink Securities Litigation, N.D.Ca., C-98-4294 VRW. This action alleged material misrepresentations in the company’s financial statements resulting from significant and repeated violations of GAAP requirements for proper revenue recognition.

Mr. Molder’s analysis of the financial records of this case led to a pre-trial settlement in which the plaintiff class recovered 13.6% of estimated losses compared to a median recovery of 5.1% in similar cases.

Among other cases, Mr. Molder has been utilized as an expert in Draheim v. KidsPeace National Centers for Kids in Crisis, Inc., a wrongful death action in which Mr. Molder was consulted to assess defendants’ assertions that it was not financially viable and that plaintiff should accept the proceeds available from defendant’s insolvent insurance carrier.

Mr. Molder has consulted on many matters which have not involved the issuance of a report for purposes of litigation and are, therefore, not a matter of public record; the identity of these matters is protected by attorney client privilege.

He has also lectured widely on a variety of accounting and corporate governance topics including, without limitation, accountant ethics, generally accepted accounting principles and financial statement manipulation and “earnings management.”

Mr. Molder is a member of the American and Pennsylvania Institutes of Certified Public Accountants, the Pennsylvania Bar Association, the National Association of Certified Valuation Analysts and the Association of Certified Fraud Examiners.

Publications:

“Audited Financial Statements: NOT Proof Against Fraud,” The Legal Write (Winter 2007)

“Experts: It’s a Trust Thing,” The Legal Write (Summer 2007)

“Using Fictitious Entities and People to Commit Fraud,” The Legal Write (Summer 2007)

“Protecting the Confidentiality of Fraud Investigations,” The Legal Write (Fall 2007)

“Expert Reports,” with David H. Glusman, The Legal Write (Fall 2007)