Robert H. Farias is currently President and Managing Partner of the successful firm Farias-Jett & Company, a full-service financial practice providing consulting services and tax preparation to clients nationwide and internationally. Farias earned his Bachelor of Science in Business Administration from California State University, Los Angeles in 1974. As a Certified Public Accountant for almost 40 years (licensed in California and Texas), he has established himself as a trusted Forensic Accounting Expert Witness throughout the Country and has been involved in dozens of cases over the past three decades. Often brought in to aid with Attorney litigation support to help prove and settle monetary disputes, Farias reconstructs accounting documents meticulously tracing financial transactions.
He has also assisted as a Consultant on numerous occasions.

His career began fresh out of college at Kennedy & Kennedy in Glendale, CA when he was hired on as an accountant. He later purchased that company and, in 1983 added partners to his growing business renaming it Farias-Jett & Company. Their accounting services have been heavily utilized by pharmacies along with a variety of other industries including law firms, fitness clubs, real estate brokerages, retail, manufacturing and distribution, restaurants, health care and other licensed professionals. Farias has accumulated extensive experience in small business accounting systems and has also worked comprehensively with both large and small computerized accounting applications for decades.

As a Forensic Accounting Expert Witness Farias has served in many financial dispute cases ranging from overbilling to lost earnings and business opportunities to shareholder grievances such as corporate income, valuation and liquidation value as well as loan disagreements. He has been asked to reconstruct and prove accounting records and net worth, including available income for spousal support in divorce; and business income from the sale of a company. He has been brought in to determine business income and cash flow, valuation as well as income and conversion by working shareholder(s), loan balances, fees earned and film royalties. He has also been retained regarding losses in matters such as economic, real property valuation, asset dissipation, embezzlement, bankruptcy, converting and diverting business income, billing improprieties in health care, attorney fees and other CPAs; business interruption and poor lending practices, on numerous occasions. Evaluation Analyses to expose whether or not there are inappropriate expenditures or hidden assets have also been conducted by Farias on numerous instances.

Large corporations, small businesses, homeowners and family members who believe they have been wronged by illegal activity in need of a skilled assessment come to Farias for expert help to diligently trace through books and records to ascertain if financial irregularities have been committed. Highly effective at reconstructing and proving (or disproving) accounting records, Farias never compromises professional ethical standards. Serving as a Forensic Accounting Expert Witness has enabled Farias to extract the Truth through financial records and other information available to aid clients in proving their cases.

Farias has conducted Forensic Accounting work as an Expert Witness for businesses, individuals, governmental agencies, transportation and insurance companies along with an array of other entities. He has been instrumental in cases against the California State Board of Equalization with respect to fraud and jeopardy assessment audits, and has helped fight (and win) cases against the California Department of Health Services (Medi-Cal). He has been Court Appointed on Federal, State and District levels and has also been successful in helping with bad loan claims against National Banking Institutions.

Some Actual Forensic Accounting Expert Witness Cases Involving Robert Farias

Homeowner vs. The City During the reconstruction of his home, a client was involved in a political dispute with the city in which he resided. The city canceled his building permits during his renovations forcing him to stop rebuilding for a year while his house sat with no roof or walls. Farias was retained to help determine the damages the homeowner incurred by the city’s poor decision and proved the homeowner had suffered significant losses (more than $1,000,000). Agreeing with these findings the jury actually moved to award the homeowner 50% more than was asked for.

Family Members vs. Family Members One set of relatives approached another set to put a banquet hall business together as partners. The group of family members who agreed to fund and build the business up believed their cash did not seem to be flowing correctly so Farias was brought in to determine why the business wasn’t earning as much money as it should and spending much more than seemed necessary. Through his analysis he found the other family members responsible for purchasing food and paying the bills were embezzling several hundred thousand dollars diverting finances from the banquet hall partnership to another independently-owned company.

Clothing Store vs. Insurance and Municipal Bus Companies A bus crashed into a car in a downtown intersection forcing the automobile through plate glass windows of a men’s clothing shop. The store owner claimed huge losses due to ruined product and being forced to close his business for a month. Farias was hired by both the car insurance and bus companies to determine what the actual damages sustained by the store really were as opposed to what the business was claiming. He discovered the store owner was exaggerating the amount of damages to his sellable product by attempting to claim losses on out-of-date items. By analyzing the clothing store’s previous financial statements Farias also concluded what the actual expected loss would be for the period of time the store was closed.

State Prosecution vs. Business Owner A state prosecutor claimed that a business owner was performing illegal activities and wanted to seize what they believed to be ill-gotten gains. These organizations were trying to take the business owner’s home, car and cash. Farias was asked to make sure the business owner was treated fairly and to disprove the theory that his gains were all ill-gotten by showing that his client also had plenty of legal ventures. Farias proved how much the business owner earned legitimately and the authorities were denied the opportunity to seize his assets.

Professional Experience 1977 - Currently Farias-Jett & Company - Owner, Chief Executive Officer, Partner-In-Charge, Managing Partner, Senior CPA Certified Public Accountants 659 W. Woodbury Road, Altadena, CA 91001 (626) 696-1080 / Farias-Jett website

Clients have included: Farmers Insurance, AIG Insurance, Chubb Insurance, State Farm Insurance, Industrial Indemnity, Deloitte, City of New York, County of Riverside, CA; Orange County, CA

Company employs five degreed accountants, including three CPAs, administrative and support personnel with vast experience in over 100 different types of businesses and industries enabling them to provide an array of financial services to their clients including monthly accounting (over 40,000 financial reports prepared for pharmacies alone), tax and bankruptcy issues including preparing Chapter 11 monthly operating reports. Also focuses on third party reconciliations, business valuations, gross profit and program cost analysis, internal control evaluations, in-depth reviewing and analysis of legal billings. Farias has also been involved in negotiating the sales, mergers and acquisitions of more than 50 businesses.

He has decades of experience in design, development and implementation of computerized accounting systems with extensive knowledge in projecting earnings, profits, profit margins and compensation levels. Also provides software and services for bookkeeping, accounting and payroll including point-of-sale systems installation and management, offsite storage and monitoring. Farias has designed, developed and overseen the programming of dozens of computerized accounting and reporting systems in Windows and Unix environments and aided in developing several software packages for loan processing, document and file control tracking.

Over the past 35 years Farias has provided Attorney’s litigation support with Forensic Accounting Expert Witness testimony in reconstruction of financial transactions, proof of loss, insurance defense, embezzlement and defalcation, business valuation, fraud, landlord disputes, excess billings and more, successfully representing either side. He also continues to serve as a Pharmacy Expert Witness with more than three decades of experience on dozens of cases.

2007 - Current Vertical Healthcare Solutions – Executive Vice President of Business Development 101 W. Renner Road, Suite 300, Richardson, TX 75082 (972) 437-5200

The business was incorporated in 2007 and operates as a subsidiary of Vertical Computer Systems Inc. (VCSY), a public company. VHS develops software solutions for the healthcare market and offers its products to private medical practices sector. VCSY is a provider of Internet core technologies, administrative software, and derivative software application products through its distribution network. It’s primary Internet core technologies include SiteFlash™, ResponseFlash™, and the Emily™ XML Scripting Language, which can be used to build web services. VCSY’s main administrative software product is emPath®, which is designed to handle the most complex Payroll and Human Resources challenges.

2009 - Currently Pulse Club Solutions – Managing Partner 659 W. Woodbury Road, Altadena, CA 91001 (626) 696-1080

Utilizing his quarter-century experience from engaging with hundreds of fitness and health care professionals, Farias developed numerous systems to help maximize operational efficiencies. Pulse is a unique software and management solution specifically for the Health and Fitness Industry aiding health clubs in monitoring their businesses. Service solutions include front desk check-in, point-of-sale, ancillary tracking, billing, commissions, reports, maintenance of HR info, time clock, payroll, bookkeeping and accounting, bank reconciliation systems and much more.

2011 - Currently First Class Tax Relief, Inc. – Founder, President, Chief Executive Officer 2656 South Loop West, Suite 430, Houston, TX 77054 (877) 865-4561 / First Class Tax Relief website

Farias provides guidance, leadership and direction to 23 seasoned staff of tax resolution professionals including Attorneys, Enrolled Agents, CPAs and others with special expertise in the complex, ever-changing tax law field. Company’s mission is to help individuals and businesses obtain relief and resolution from their IRS pressures and problems such as wage garnishments, bank levies, IRS tax liens, unfiled back taxes and a variety of other tax related issues. Awarded an “A” rating by the Better Business Bureau.

2013 - Currently All-Source Apparel – Owner, Managing Member 4795 Nevso Drive, Las Vegas, NV 89103 (702) 458-7000 / All-Source Apparel website

Upon putting together a financing package, Farias brought in and led the executive team. He also raised funds to acquire and purchase the company, then turned the struggling business into a thriving enterprise with more than 30 employees. ASA has become one of the most versatile suppliers of decorated apparel in the nation and well-known as a high-capacity provider of screen printing, embroidery, custom decoration and fulfillment services to promotional products, licensed apparel, corporate identity, athletic wear and educational markets. Also a distributor of licensed Adidas apparel.

1997- 2001 Adhesive Software, Inc. – President, Chief Executive Officer, Chairman of the Board of Directors 100 Congress Ave, Austin, TX 78701 (512) 647-1200

Farias took over struggling ISP/Software development firm executing performance enhancement greatly with his innate strategic skills in marketing, innovation and management. He also provided expertise in technology, sales, channel conflict resolution, complex multi-channel negotiations and collaborative coaching. Built company up from a staff of six to a team of more than 60 in just over a year and was instrumental in securing financing by bringing in investors to raise and leverage $4,000,000. Business was eventually purchased by a publicly traded company. Winner of the Crossroads 2000 A-List Award for Best Technology Infrastructure

1988 - 1990 Lauditors – Founder, President, Chief Executive Officer (corporation acquired) Contact: Brand Cooper (626) 585-8500

Development of software and procedures allowing operators to optically capture and process hundreds of thousands of pages of manually prepared billing data into computer-readable data, the masses of information were then normalized and structured to save insurance companies millions of dollars in paid out claims and attorneys’ fees due to Farias’ ingenuity. The firm is now an audit data processing subsidiary of a nationally known law firm successfully processing hundreds of millions of dollars of insurance claims revues for the largest international insurance companies.

1982 - 1984 California State Universities - Consultant (Los Angeles, San Diego, San Luis Obispo, Long Beach and Dominguez Hills) 401 Golden Shore, Long Beach, CA 90802 (562) 951-4000

Retained by Big-Four accounting firm (Deloitte) as a Consultant to work with the Chancellor’s Office of Project Implementation Team, Farias helped apply the CSU Computerized Financial Accounting System aiding in the successful implementation of the new unified financial reporter structure between campus units and Chancellor’s office.

Academic and Professional Credentials

Formal Education California State University, Los Angeles (CSULA), Bachelor of Science in Business Administration (BS) Sierra High School, Whittier California

Professional Certificates Passed Uniform CPA exam in 1974 Certified Public Accountant – California (since 1975) Certified Public Accountant – Texas (since 1993) California Real Estate Broker (1989 to 1999)

Professional Affiliations American Institute of Public Accountants Texas Society of Certified Public Accountants (1993) Elected Delegate to the White House Conference of Small Business (1986) California Society of Certified Public Accountants (1977)

Instructor Continuing Professional Education, California State Board of Pharmacy

Publications Authored Appendix: “Break-Even Analysis” in the Article “Understanding Cash Flows” for United States Small Business Administration (link here) Co-Authored Chapter: “Drugstore Accounting” for Commerce Clearing House

Professional Memberships Recognized by State of California Office of Small & Minority Business as a minority-owned business Institute of Business Appraisers (1992- 1994) Former President of Descanso Sunrise Rotary

Interests Instrument Rated Pilot, Guitar and Keyboard Player, Cyclist