Ephraim Wernick

Practice Areas

Fry Wernick is a Chambers-rated lawyer and former federal prosecutor who serves as a partner in the Government Investigations and White Collar Practice Group in the firm’s Washington, D.C. and Dallas offices.

As a former federal prosecutor and supervisor of the U.S. Department of Justice’s Criminal Fraud Section with experience as lead attorney in over 30 trials, Fry has a broad range of white collar enforcement and courtroom experience. Fry regularly conducts internal investigations and defends companies and individuals against government investigations into a broad range of conduct and he has specific experience prosecuting and defending cases involving the Foreign Corrupt Practices Act (FCPA), anti-money laundering (AML) statutes, the Bank Secrecy Act (BSA), the False Claims Act (FCA), sanctions, campaign finance laws, and other fraud, consumer protection and corruption-related offenses. Fry also has extensive experience representing clients and appearing before numerous alphabet agencies, including the Department of Justice (DOJ), the Securities and Exchange Commission (SEC), the Consumer Financial Protection Bureau (CFPB), the New York Department of Financial Services (DFS), the Federal Trade Commission (FTC), the Department of Treasury Office of Foreign Assets Control (OFAC), the Department of Commerce Bureau of Industry and Security (BIS), the Commodity Futures Trading Commission (CFTC), Department of Education (ED) and other regulators and investigative bodies. Fry also draws on his experience as a former counsel to the U.S. Senate Permanent Subcommittee on Investigations and the U.S. Senate Committee on the Judiciary to help prepare and defend companies and individuals facing inquiries and investigations by Congress.

An important part of Fry’s practice is advising publicly traded and privately held companies on transactional risk, particularly concerning business transactions in emerging markets, and he helps companies develop effective compliance programs. Fry also understands all aspects of crisis management, and he draws on his extensive experience to tailor and coordinate sophisticated responses to investigations and inquiries from governmental, legislative and media sources in order to minimize the potential for legal and reputational risk for his clients.

As a former supervisor in DOJ’s FCPA Unit, Fry is one of the few former federal prosecutors who has actually prosecuted violations of the FCPA, and he has keen insight into how the Department of Justice prioritizes and investigates cases involving alleged violations of the FCPA and other white collar crimes. At DOJ, Fry led and supervised dozens of the Department’s most high-profile cases, including six of the largest-ever FCPA corporate criminal resolutions and dozens of individual prosecutions. Fry has extensive experience negotiating corporate settlements. including DPAs, NPAs and declinations under the recent revisions to the Department’s Corporate Enforcement Policy. In addition, Fry has conducted multiple cross-border criminal investigations and coordinated resolutions with multiple foreign and domestic government authorities, and he has developed an advanced understanding of how foreign regulators enforce the U.K. Bribery Act, the French Sapin II, and other anti-bribery laws.

Fry is a thought leader on the FCPA and white collar matters and he is frequently published and quoted in the press, including recently by the Financial Times, Wall Street Journal, Bloomberg, Law 360, Global Investigations Review, The Anti-Corruption Report, The FCPA Professor, Energy Voice and other publications. Fry also has been recognized by Chambers USA, Legal 500, Lawdragon 500 and Who’s Who Legal for his investigations and white collar practice, and Law360 named Fry a “2021 Compliance MVP.”

In 2022, Fry took over as the firm’s Pro Bono Partner where he helps manage Vinson & Elkins’ firmwide pro bono program.

Personal

The University of Texas School of Law, J.D., with honors, 2003

Brown University, B.A., 1999