Richard Wolf, CPA/ABV, CFE, CVA, CGMA, provides forensic and litigation support services for fraud and marital dispute cases as well as business valuation services. He also has a soft spot for helping nonprofits with strategic planning.
You Might not know
Believe it or not, Richard’s wife’s maiden name is Fox. Thankfully, she decided not to hyphenate her name after they got married. They have three kids they call their cubs.
Richard Wolf, CPA/ABV, CFE, CVA, CGMA, is a partner in the firm. He is the co-director of Gross Mendelsohn's Forensic, Valuation & Litigation Support Group.
Richard specializes in providing litigation support services, including valuations of closely-held businesses, forensic accounting and fraud investigations, expert witness services for marital dissolution, stockholder disputes, personal injury and lost profit claims, and other civil matters. Richard has been qualified as an expert witness in various courts in Maryland and Virginia.
Richard is trained as a financial neutral in the Collaborative Process, a voluntary dispute resolution process in which divorcing couples settle without resorting to litigation. He also provides a variety of accounting, tax and consulting services, including strategic planning facilitation services, to private businesses and nonprofit organizations throughout the Mid-Atlantic region.
He regularly presents to family law attorneys throughout Maryland and Virginia as part of the firm's divorce seminar series. He has also presented to members of the Virginia State Bar Association and the National Business Institute.
With 20+ years of public accounting experience, Richard was named one of Baltimore’s “SmartCPAs” by SmartCEO magazine and was a finalist of the magazine’s “Power Player Award.” He was also named to Baltimore Business Journal’s “40 Under 40 Award” list.
Richard serves on the board of the Beth Tfiloh Dahan Community School’s Board of Trustees and is a member of Beth Tfiloh Congregation's camp committee. He also served on the boards of the University of Baltimore Accounting Advisory Board, Loyola University Maryland's Accounting Advisory Board, Maryland Association of CPAs and American Institute of CPA’s Women’s Initiative Executive Committee. He serves on the steering committee for Gross Mendelsohn's women's initiative.
In addition to being a CPA and a Chartered Global Management Accountant, Richard is a Certified Fraud Examiner and Certified Valuation Analyst, and Accredited in Business Valuation by the American Institute of CPAs. He has served as an instructor for both Maryland Nonprofits and the Maryland Association of CPAs’ Business Learning Institute.
More Fun Facts
Barbara Chalmers, 74, pleaded guilty in December 2022 to an embezzlement scheme of at least $29 million over the past decade. Ms. Chalmers was the bookkeeper for a charitable foundation and multiple companies run by the family of Jim Collins, a prominent Dallas businessman and former congressman. The family operates Collins American Capital Corp., International Family Investors LTD and the James M. Collins Foundation. Let’s look at how she did it and the red flags that were missed along the way.
There are many instances when a business valuation report is needed in litigation. During a divorce, if one or both spouses own a business, it may be necessary for the business to be valued for asset distribution purposes. Each party may hire their own business valuation analyst to value the business, and each analyst may come back with very different conclusions as to the value of the business. While differences in value can often be the result of two analysts having justifiable differences of opinion, there sometimes can be something else going on. While most credentialed valuation analysts have high ethical standards, there are some unscrupulous “experts” who will purposefully “rig” their valuation report in order to achieve a desired result in favor of their client. So, how can you spot one of these “rigged” valuation reports?
When I tell people that I’m a forensic accountant, they sometimes think of Christian Wolff, Ben Affleck’s character in the movie The Accountant. While it’s true that a forensic accountant can use their skills to investigate a company for potential embezzlement, the majority of cases they help attorneys with are far less glamorous.