Steve Cornmell draws strong support from peers in the space for his deep understanding of issues including fraudulent trading, share ramping and money laundering.
Steve Cornmell, is a managing director in the London Disputes & Investigations practice of Duff & Phelps.
Steve has worked in the forensic accounting sector for 25 years. He has a wide range of experience of commercial litigation and disputes and is a specialist in financial investigation. He has extensive experience of providing forensic accounting expertise in relation to commercial disputes and financial investigations.
Steve has acted as expert in a wide range of cases and has provided evidence in person in the criminal and commercial courts, international arbitration tribunals and disciplinary hearings brought by professional bodies. He has provided expert evidence regarding the quantification of damages and in relation to technical accounting matters.
He has also acted for numerous corporate clients in investigations of alleged fraud and accounting irregularity and breakdown. He has assisted insolvency professionals in investigating the circumstances surrounding the failure of businesses, and led efforts to trace and recover corporate funds.
He has extensive experience of criminal fraud investigation having assisted the UK Serious Fraud Office, amongst others, on a wide range of enquiries involving fraudulent trading, theft and false accounting. He has acted as expert for police forces and prosecution agencies in relation to the prosecution of money laundering and fraud offences. He has twice been appointed as an inspector in respect of Companies Act and Insider Dealing enquiries. He has also acted in the defence of individuals charged with serious fraud and money laundering offences.
Steve has extensive experience of asset tracing and the recovery of the proceeds of crime. He has assisted government agencies in the quantification of losses and the pursuit of confiscation proceedings. He has assisted overseas governments in tracing monies allegedly stolen by former heads of state.
Steve has extensive experience of professional negligence investigations, particularly those involving alleged audit failure involving the failure to identify fraud. He has assisted the UK professional regulator in investigations regarding the conduct of audit firms and members and has provided expert evidence in professional disciplinary tribunals. He has assisted liquidators in bringing claims against the auditors of collapsed businesses. He has also assisted global accounting firms in defending allegations of audit failure.
Steve’s cases have covered a broad range of business sectors, including oil and gas, metals, automotive, construction, property, industrials, financial services, hotels, and retail. His cases have involved a wide geographical spread and have included matters in continental Europe, Africa, the Middle East, Asia and the UK and US.
Steve was previously a partner in a global accounting firm where he was the managing partner of the UK Forensic and Investigation Services practice, and where he was also responsible for the development of the legal technology services function.
Steve is a fellow of the Institute of Chartered Accountants in England and Wales. He is a graduate of politics.