Now more than ever, players rightly see themselves as multi-faceted entrepreneurs, and seek ways to leverage their brands in everything from real estate to venture capital. Citrin Cooperman is an independent firm associated with Moore Global Network Limited. View Full Firm Disclosure. This has long been a vexing issue. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Citrin Cooperman entered the picture about six years after Plaintiffs began investing in the Funds when Carrow became the managing partner of its Philadelphia office. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. 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The case status is Pending - Other Pending. The company and its lawyers wouldnt provide a copy of the Skadden opinion. In addition, Citrin forged signatures on [at least two] Purolite engagement letters in a fraudulent attempt to indemnify itself retroactively once its malpractice was discovered by Purolite. As recently as last month, Purolite continued to request that Citrin Cooperman prepare tax returns on their behalf as evidenced by their recently filed amended complaint. Citrin Cooperman falsely represented to me and my company that it had completed and filed all required state, federal, and local tax returns for Purolite and its principals, Stefan Brodie said in a statement. This will mark . Purolite was founded in 1981 and is currently run by the Brodie brothers, Stefan and Don; sons Howard and Jacob also work at the company. The lawsuit chronicles Citrins blatant incompetence, intentional concealment and extreme bad faith, which resulted in Purolites unwitting failure to meet its tax filing obligations. You were expected to get your job done. Last Funding Type Private Equity. [ NEW] CohnReznick Will be used in accordance with our terms of service & privacy policy. Our daily mission is to help our clients "focus on what counts." Weve tried contacting her multiple times, Cooperman said. In addition to his vast real estate experience, Josh provides wide-ranging business consulting and advisory services and tax compliance for a number of large hospitality groups in South Florida. Citrin Cooperman has continued its aggressive expansion in the entertainment and business management practices by kicking off 2023 with the joining of Chapman Bird & Tessler (CBT). By your submission of information in this form, you are consenting to our collection, use, processing and storage of your information in accordance with Citrin Coopermans privacy policy. See how working at Marcum LLP vs. Citrin Cooperman compares on a variety of workplace factors. citrincooperman.com, Laura F. Kucera,212-697-1000,https://www.citrincooperman.com/, Cision Distribution 888-776-0942 Citrin Cooperman 2022. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. Citrin had prepared but never filed our corporate returns for tax years 2013 through 2017 and had failed to properly file all necessary tax forms for Purolites foreign affiliates from 2010 through 2017, he said. About Citrin Cooperman: Citrin Cooperman is among the largest, full-service assurance, tax, and business advisory firms in the United States, having steadily built its business serving a diverse and loyal clientele since 1979. READ MORE: Heres how to get free help on your 2020 taxes. Law360, New York (March 4, 2014, 4:35 PM EST) -- Multistate accounting firm Citrin Cooperman & Co. LLP and one of its partners were sued on Friday for fraud and theft, with several businesses. The lawsuit claims that King of Prussia, Pa.-based Internet Fitness LLC and Internetfitness.com Inc., have failed to compensate the plaintiff for . It will take me and my family and my business years to recover from the damage he has caused.. The former client has included a number of inaccuracies in their press release and has named individuals in both their press releases and litigation who have had no involvement with the Purolite account. Court documents are not available for this case. The leadership of Citrin Cooperman is confident that the facts will speak for themselves in the appropriate forum. v. Citrin Cooperman & Company, LLP, Matthew Weber, et al. which joined Citrin Cooperman in 2022. What Could Elon Musk Possibly Be Thinking? If you have questions regarding our use of your information, please send an e-mail to privacy@citrincooperman.com. The company has over 250 partners and 1,300 employees spread across 16 offices in key US markets and in India. For many years, Purolite and Citrin Cooperman accountants worked together in a partnership that began when the older Brodies hired a small accounting firm that was later, in 2007, purchased by Citrin. Purolite has pioneered the development of these technologies in adsorption, catalysis, condensate polishing, metals removal & recovery, nanoparticle milling, softening and demineralization. They insist that Citrin file the forms it prepared. Key industries include hydrometallurgy, metals plating, pharmaceutical, potable and groundwater, power, semiconductor and sugar & sweetener. We use necessary cookies to make our site work. The firm is resolved to ensure the truth comes out and is determined to protect the reputation of the firm, its clients and people. Complaint Contact Us Florida (Main) Office 4450 NW 126th Avenue Suite 101 Coral Springs, Florida 33065 Phone: (954) 516-6000 Maryland Office Finance. 2023 NYP Holdings, Inc. All Rights Reserved. Our website requires acceptance of our cookie policy in order to successfully Government Contracting Specialty Advisory Services, Forensic and Litigation Advisory Services, Technology, Risk Advisory, and Cybersecurity (TRAC), IT Risk, Cybersecurity, and Privacy Services, Income Tax Accounting and Advisory Services. This years edition takes an inside look at the unique challenges presented by 2021, and how we helped our clients succeed through unpredictability and a rapidly changing environment. Purolite wanted copies of the papers, and then one day she quit without notice, Joel A. Cooperman, Citrins chief executive and co-founder, said in an interview. On 09/15/2016 CITRIN COOPERMAN COMPANY, LLP, filed an Other lawsuit against BASCOM, ODINGA. Another Citrin partner, the former managing partner of the Philadelphia office, helped funnel clients to investment funds that were part of a multi-million-dollar Ponzi scheme that left innocent victims in its wake. Founders Joel Cooperman. Certain returns hadnt been filed, and that came to light., After they terminated us, we gave them copies of everything they asked for., At that time, he said, it was Citrins opinion that Purolite owed a lot more tax than they filed because of its off-shore affiliates. Bardach knew the thieving accountant for 15 years and only found out about his missing $60,200 when the IRS emptied out my bank account to recover the funds, he told the judge. However, the work-life balance was right on point. The campaign Purolite is now engaged in to damage the reputation of our firm is abhorrent and punitive. Last August, Citrin made a presentation to EY, Purolites new accounting firm; and to Purolites law firm, Skadden. After the Brodies posted their searing letter on their website in February, Citrin lashed back the following month. His firm now contends that Purolites Brodie brothers owe up to $60 million in taxes, based on revenue that should have been reported to the U.S. government. All Rights Reserved. Making the situation even hazier, Brislin has gone mute, declining to talk with either side. All the firms associated with MNA and MGNL are independent entities, owned and managed in each location. George Sard/Ellen Davis/Gloria Labbad Our Year in Review looks back on how pivots, staffing challenges, record-breaking M&A activity, and cybersecurity shaped our industries and future. Complicating matters has been the resignation and silence of the former Citron accountant who once oversaw Purolites tax preparation. ORDERED that Citrin Cooperman & Company, LLP's motion to dismiss the claims of Andrew Targum, Erika Targum, Andrew S. Targum, P.C., Andrew Scott Targum, P.C., and Targum, Britton & Tolud, LLP is granted as to the claims for ratification, and to the extent that these plaintiffs seek to recover for actions dating before September 12, 2009 and to . Citrin has a documented history of professional malfeasance, including failure to file client tax returns and lying about it. Outside of work, Josh enjoys being an active member of his community. Company Type For Profit. Their membership in, or association with, MNA or MGNL should not be construed as constituting or implying any partnership between them. Maryland (240) 516-6000 Our daily mission is to help our clients "focus on what counts." Attorney Francis X. Grimes, of the Jenkintown, Pa. firm Stock & Grimes, LLP, filed a civil action March 19 at the Philadelphia Court of Common Pleas on behalf of Citrin Cooperman & Company LLP. In hindsight, Citrins lies and other misconduct should not have been a surprise as it follows a pattern. The Judge overseeing this case is Eileen Rakower. Our In Focus Resource Center provides insights on real-time, relevant, strategic, and tactical business issues and trends to help keep you in front of what's happening in your industry and the market. Citrin falsely represented to Purolite that it had completed and filed all required returns with governmental entities, when in fact, Citrin never filed corporate returns for tax years 2013 through 2017 and failed to properly file required tax forms for Purolites foreign affiliates from 2010 through 2017. from 8 AM - 9 PM ET. The company runs 40 sales offices worldwide. Cases involving other matters not classified elsewhere, 890, 1890, 1990, 2890, 2899, 2999, 3375, 3890, 3896, 3899, 3999, 4890, 4896, 4999, PricewaterhouseCoopers LLP v. Citrin Cooperman & Company, LLP, AFFIRMATION/AFFIDAVIT OF SERVICE (Motion #001) Affirmation of Service of Order to Show Cause dated November 16, 2020 and supporting papers, and Verified Petition; Filed By: Librera, K.; Filed: 11/19/2020; Received: 11/19/2020, ORDER TO SHOW CAUSE (Motion #001) seal; Filed By: Court User; Filed: 11/16/2020; Received: 11/16/2020, ADDENDUM - COMMERCIAL DIVISION (840C) (Motion #001); Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, RJI -RE: ORDER TO SHOW CAUSE (Motion #001); Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, MEMORANDUM OF LAW IN SUPPORT (Motion #001) Petitioner's Memorandum of Law in Support of Petition to Compel; Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, MEMORANDUM OF LAW IN SUPPORT (Motion #001) Memorandum of Law in Support of Petitioner's Application to Seal; Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, AFFIDAVIT OR AFFIRMATION IN SUPPORT OF PROPOSED OSC/EXPARTE APP (Motion #001) Affirmation of William M. Sunkel in Support of Petitioner's Application to Seal; Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, ORDER TO SHOW CAUSE - ACCOMPANYING COMMENCEMENT DOC(S) (PROPOSED) (Motion #001) Order to Show Cause; Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, EXHIBIT(S) - C *Corrected* Filed Under Seal; Filed By: Librera, K.; Filed: 11/09/2020; Received: 11/12/2020, EXHIBIT(S) - B *Corrected* Filed Under Seal; Filed By: Librera, K.; Filed: 11/09/2020; Received: 11/12/2020, EXHIBIT(S) - A *Corrected* Filed Under Seal; Filed By: Librera, K.; Filed: 11/09/2020; Received: 11/12/2020, PETITION *Corrected* Verified Petition; Filed By: Librera, K.; Filed: 11/09/2020; Received: 11/12/2020. I want to personally warn you of the gross malpractice and professional misconduct committed against my company, Purolite, by our former accounting firm Citrin Cooperman, warned Purolites Stefan Brodie. The combined entities of Citrin Cooperman & Company, LLP and Citrin Cooperman Advisors LLC are an independent member of Moore North America (MNA), which is itself a regional member of Moore Global Network Limited (MGNL). Among those accused in Canadian investor Surefire Dividend's civil lawsuit are Smith, auditor Sanville & Co., fund administrator Nottingham, and alleged coconspirator Iregui, who vouched for her strategy and helped persuade Surefire to invest roughly $46 million. They were given ample opportunity to remedy the situation but instead exacerbated it, leaving us no choice but to go back to court.. Add the rest of your contact information below and select which topics are of interest to you. NEW YORK, March 4, 2021 /PRNewswire/ -- The partners of Citrin Cooperman issued the following statement in response to a press release sent to numerous outlets by the principal shareholders of. And no state forms were filed from 2015 through 2017. We also use optional cookies to understand your engagement with the website, interact with social network accounts, and provide you with the best experience. Noting that countries have competed in a 30-year race to the bottom to slash corporate tax rates, the Biden administration wants to collaborate with other industrialized economies to establish a minimum tax. Widower says UPMC-affiliated facility was negligent in causing his wife's fall and later death, Pittsburgh business that sued neighbor and sewer authority over its flooded basement, receives stay, Pittsburgh man says building owner's negligence led to him suffering spinal fracture, Terre Hill man says his home was infested with bed bugs after buying defendant's mattress, Health care company's bankruptcy proceedings leads to stay of man's MRSA infection suit. They say they followed Citrins advice and paid taxes as well as Citrins fees. According to court documents and interviews with The Inquirer, Purolite says it paid for all taxes over those years, relying on advice from Citrin about what it owed. Thats when Purolite learned that individual returns hadnt been filed for years. For decades, family-run Purolite has sold specialty resins, gradually expanding sales to more than 30 countries. Beware! In recent days, the Biden administration has proposed plans for a global minimum tax to crack down on corporations stashing profits abroad to avoid U.S. taxes. Athletes' ambitions don't end when they leave the field of play. Our website requires acceptance of our cookie policy in order to successfully "Citrin Cooperman strongly refutes the attack made against our firm and several of our partners by the principal shareholders of Purolite. When typing in this field, a list of search results will appear and be automatically updated as you type. In response to our refusal to engage in unethical practices at the behest of the Brodies, Purolite is waging an aggressive campaign of harassment against the firm that includes false statements about Citrin Cooperman and its individual partners. An experienced auditor with a strong understanding of complex tax and accounting issues, Josh also provides services in the areas of civil litigation as well as buy-side and sell-side transaction advisory services. And the best part of all, documents in their CrowdSourced Library are FREE. Citrin Cooperman Got Sent to Their Room By the PCAOB For Broker-Dealer Audit Screw-Ups by Jason Bramwell After doing a quick Google search, it looks like the PCAOB hasn't punished a public accounting firm for failures in its audits of brokers and dealers since 2016. Purolite was charged with multiple violations of the U.S. Trading with the Enemy Act (TWEA).