Terry Orr is a managing director in the Business Intelligence and Investigations practice of Kroll, a division of Duff & Phelps, based in Dallas. Terry is a highly respected authority in forensic accounting, with more than 25 years of experience as an auditor and audit partner in international public accounting firms. He has led complex global and domestic engagements for clients in diverse industries, including the construction, healthcare, hospitality and oil/gas sectors. Terry regularly works with private equity firms, public company boards, management and outside counsel, and his expertise and insight have proved essential in resolving a wide range of matters, including fraud detection, investigation, remediation and prevention; Foreign Corrupt Practices Act (FCPA) investigations; and litigated disputes.

Terry has significant experience assisting clients with the often contentious issues arising in disputes, such as accounting misstatements and malpractice, civil and criminal fraud, breaches of contract and fiduciary duty, single business enterprise and alter ego, lost profits and lost value. He has delivered expert testimony on accounting, financial, economic, valuation and damage quantification issues in the context of commercial litigation. Notably, Terry has provided consulting services in both auditor defense and plaintiff matters and acts as a neutral accounting arbitrator.

Terry joined Kroll from Grant Thornton, where he was a Managing Director and Leader of the Forensic, Investigative & Dispute Services practice.

Professional Experience
  • Terry brings deep expertise in investigations, financial analysis and valuation, and strategic response to clients seeking to resolve and mitigate fraud risks, regulatory and compliance violations, and disputes and litigation matters. Representative engagements include the following:
  • Investigated fraud and whistle-blower claims in both publicly and privately owned companies, including FCPA violations in the Middle East, Asia, Europe and South America, and advised on appropriate responses.
  • Investigated earnings management allegations of a Fortune 50 firm with operations in Asia, Europe, Eastern Europe and North and South America.
  • Investigated and quantified damages related to a public insurance company’s destruction and manipulation of submitted claims.
  • Investigated allegations of asset misappropriation and fraudulent financial reporting by the CFO and head of purchasing for a large mid-stream oil/gas operating company. Identified several conflicts of interest in the selection of equipment suppliers and contractors, internal financial reporting irregularities, ethics code deficiencies and internal control weaknesses.
  • Investigated and testified on real estate loan practices and valuations of a publicly traded financial institution.
  • Analyzed lost and shared profits in a multi-family real estate development project in a breach-of-contract investigation.
  • Conducted the investigation of substantial construction overruns on a large high-rise office construction project.
  • Investigated and reported on fraud and theft involving schemes of vendor kickbacks and theft and resale of purchased materials.
  • Investigated the intentional overstatement of reported revenues through the understatement of reserves in a five-hospital system.
  • On behalf of investors seeking to identify recoverable funds, investigated a network of bankrupt urology labs which had failed due to overbilling charges by the Centers for Medicare and Medicaid Services (CMS).
  • As an auditor, provided accounting and consulting services for private and publicly traded companies in the hotel, restaurant, gaming, golf course and marina industries, including taking many of these companies public.
  • Investigated restaurant fraud, developed improved internal controls and provided testimony before the New Jersey Gaming Control Board on findings.
  • Led the investigation of a large casino’s operations, construction and maintenance department.
  • Worked with the Resolution Trust Corporation (RTC) on investigations of failed savings and loans and pursuit of officers involved in the perpetration of illegal acts.
  • Investigated and reported on IP theft and loss of data through cyber and phishing schemes.

Deposition Testimony
  • Donna Hanna, on behalf and as next friend of Brooke Gabrielle Hanna and Jake Mason Hanna, minor children*, Plaintiffs v. Burt Hanna, individually and as Trustee of The Brook Gabrielle Hanna Trust dated January 4, 1999 and as Trustee of the Jake Mason Hanna Trust dated January 4, 1999, Defendant, Case No. CV 2006-1593-4 (In the Circuit Court of Washington County, Arkansas Civil Division) (November 2007)
  • US Special Opportunities Trust PLC and Renaissance US Growth Investment Trust PLC* Plaintiff v. Sanders Morris Harris, Inc., Defendant (In the District Court of Dallas County, Texas 193rd Judicial District No. 07-0437) (August 2008)
  • Balkrishna Shagrithaya*, Plaintiff v. Max Martin, Defendant, Case No. 07-15149 (In the District Court of Dallas County, Texas 162nd Judicial District) (April 2009)
  • Ridgewood Renewable Power LLC, et al., Ridgewood Energy Corporation, and Ridgewood Capital Management, LLC,* Plaintiff against Perelson Weiner LLP, Defendant, Consolidated Docket No.: BER-L-6092-06 (December 2009)
  • Vaisala, Inc.*, Claimant, v. Quixote Corporation, Quixote Transportation Safety, Inc., and Transafe Corporation, Respondents, Reference No. 77117 Y 00209 10 (In the American Arbitration Association Dallas, TX) (August 2011)
  • Synergy Barukh, Ltd.*, Plaintiff v. 3S Services, LLC, 3S Team, LLC, Team Systems, Inc., August Linnartz, Jr., Robert Fudge, Joey Fudge, Mickey Staton, and Philip Levin, Defendants, Case No. 2012-22223 (In the District Court of Harris County, Texas 11th Judicial District) (March 2016)

Trial/Arbitration Testimony
  • Donna Hanna, on behalf of and as next friend of Brooke Gabrielle Hanna and Jake Mason Hanna, minor children*, Plaintiffs v. Burt Hanna, individually and as Trustee of The Brook Gabrielle Hanna Trust dated January 4, 1999 and as Trustee of the Jake Mason Hanna Trust dated January 4, 1999, Defendant, Case No. CV 2006-1593-4 (In the Circuit Court of Washington County, Arkansas Civil Division) (November 2007)
  • US Special Opportunities Trust PLC and Renaissance US Growth Investment Trust PLC* Plaintiff v. Sanders Morris Harris, Inc., Defendant (In the District Court of Dallas County, Texas 193rd Judicial District No. 07-04837) (August 2008)
  • Balkrishna Shagrithaya*, Plaintiff v. Max Martin, Defendant, Case No. 07-15149 (In the District Court of Dallas County, Texas 162nd Judicial District) (April 2009)
  • Vaisala, Inc.*, Claimant, v. Quixote Corporation, Quixote Transportation Safety, Inc., and Transafe Corporation, Respondents, Reference No. 77117 Y 00209 10 (In the American Arbitration Association Dallas, TX) (August 2011)
  • Synergy Barukh, Ltd.*, Plaintiff v. 3S Services, LLC, 3S Team, LLC, Team Systems, Inc., August Linnartz, Jr., Robert Fudge, Joey Fudge, Mickey Staton, and Philip Levin, Defendants, Case No. 2012-22223 (In the District Court of Harris County, Texas 11th Judicial District) (March 2016)
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