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Jonny, Partner
Assurance & Business Advisory Services
Assignment: Investigate a banking fraud case involving a presidential election in Asia and $70 million in stolen funds.
Where: Indonesia
Background
"I was a prosecutor for the Justice Department for 12 years. Now I lead PwC's Forensic Investigations. We work with our clients to combat fraud which can often include tracking 'dirty money,' or as is commonly called, money laundering."
Political fallout
"One of the investigations that stands out most prominently for me is the one we conducted in Indonesia, which came to be known as "Baligate". It resulted in the resignation of the President of Indonesia."
Secret to our success
"We as a firm were able to do things that no other entity could do because of our global presence and the skill sets we brought to that investigation."
Proudest moment
"When the engagement in Indonesia was over, I took a flight to an ancient ruin called Borobudur. I was chatting with a tour guide in a bus, and he said, 'Well, where are you from?' And I said 'PricewaterhouseCoopers.' And he stopped to shake my hand, to express his gratitude for literally changing the whole course of Indonesian history."
Most valuable players
"Whether you are working on a Baligate or any project, if you really want to know what's going on, don't ask the partners - ask the managers, senior associates and associates."
Benefit to clients
"We help companies manage fraud, waste and abuse. For example, on average, a company that has sales of $100 million loses $6 million to fraud, and they don't even know it. This equals six percent of earnings. We help companies improve their earnings by retaining more of that $6 million."
Money laundering
"We also get involved in helping governments track money used for terrorist purposes. Terrorism money laundering is the exact opposite of drug money laundering. Drug money laundering involves money going out of a country; terrorism money laundering involves money coming into a country."
PwC's role
"Because of our global presence, PwC is critical in the effort to combat money laundering. 70% of our practice is cross-border. We have people investigating throughout the world."
Performance over titles
"We don't focus on title, we focus on what each member brings to an engagement. My business card doesn't say partner, and an associate's card doesn't say associate."
Why PwC
"A college graduate's exposure to the business world is absolutely remarkable here. It's the only place I've worked where I learn something new on every engagement and it's fascinating. There is no other entity in the world like this."
Side trips
"I make it a practice to spend extra time traveling in the location I'm working in."
Favorite foreign country
"China."
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