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. It will take me and my family and my business years to recover from the damage he has caused.. The firm is resolved to ensure the truth comes out and is determined to protect the reputation of the firm, its clients and people. Our firm has successfully built our business and our reputation for over 40 years since starting the business in 1979 and today have over 40,000 satisfied clients. 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. Brotech Corporation, doing business as Purolite Corp. and its owners, Stefan Brodie and Donald Brodie, were tax clients of Citrin Cooperman for many years before filing a lawsuit against Citrin Cooperman in 2019. The case ID number is 130302676. By continuing to use this website, you agree to UniCourts General Disclaimer, Terms of Service, Was this review helpful? Our website requires acceptance of our cookie policy in order to successfully The lawsuit chronicles Citrin's blatant incompetence, intentional concealment and extreme bad faith, which resulted in Purolite's unwitting failure to meet its tax filing obligations. Employees to receive their pay that was cut from May 1 to Aug. 1 as of Oct. 19. There are also currently over 200 lawsuits listed online involving Purolite, its parent company, and various subsidiaries. Purolite-SVC@sardverb.com (Podcast). Last Funding Type Private Equity. The Judge overseeing this case is Honorable Adam Silvera. Cooperman also offered to pay for the preparation cost of Purolites corporate returns. In connection with Citrins gross professional misconduct, Purolite has also filed malpractice complaints against Citrin and several of its principals Joel Cooperman, Mark Carrow, Alan Mandeloff, Mary Brislin and Terry Silver with the Internal Revenue Service (IRS), the American Institute of CPAs (AICPA), the Pennsylvania Institute of Certified Public Accountants (PICPA) and the State Board of Accountancy for both New York and Pennsylvania. 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. citrincooperman.com, Contact:Laura Kucera, Chief Marketing Officer[emailprotected] 212.697.1200 x6355, Cision Distribution 888-776-0942 Great stepping stone Citrin Cooperman has repeatedly resisted the Brodies' demands to prepare tax returns to be filed with the United States Internal Revenue Service that we believe would violate our professional standards and government regulations. See how working at Marcum LLP vs. Citrin Cooperman compares on a variety of workplace factors. 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. 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. "Citrin Cooperman strongly refutes the attack made against our firm and several of our partners by the principal shareholders of Purolite. 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. We entrusted Citrin to properly file our corporate tax returns with the relevant governmental authorities and expected that, as a major accredited accounting firm, Citrin would fulfill those basic duties, said Stefan Brodie, co-founder and CEO of Purolite. The specific charge: The companys accountants had failed to properly file Purolite tax returns and in some years, failed to file returns at all from 2010 to 2017. The dispute is another in a long-running controversial tax issue how American multi-national corporations should account for overseas profits. submit your information to us. They say they followed Citrins advice and paid taxes as well as Citrins fees. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Phone and email messages went unanswered. 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). Our Year in Review looks back on how pivots, staffing challenges, record-breaking M&A activity, and cybersecurity shaped our industries and future. It is privately owned and doesnt release financials. George Sard/Ellen Davis/Gloria Labbad Our daily mission is to help our clients "focus on what counts." Founders Joel Cooperman. If you have questions regarding our use of your information, please send an e-mail to privacy@citrincooperman.com. She is currently an accountant for a Boys Scouts organization in Bucks County, according to the groups website. Citrin Cooperman & Company, LLP is a licensed independent CPA firm that provides attest services, and Citrin Cooperman Advisors LLC and its subsidiary entities provide tax, advisory, and business consulting services. Headquarters Regions Greater New York Area, East Coast, Northeastern US. Managing Partner, South Florida Offices, Citrin Cooperman Advisors LLC. Florida (954) 516-6000 Purolite executives, for their part, said Citrin is now in the curious position of denigrating its own work. This new claim was added to the eight-count complaint Purolite and the Brodies filed against Citrin and its principals in April 2020 alleging, among other things, fraud, gross negligence and breach of contract. Founded in 1981, Purolite Corporation is a leading manufacturer of quality ion exchange, catalyst, adsorbent, and specialty resins. For decades, family-run Purolite has sold specialty resins, gradually expanding sales to more than 30 countries. 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. 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. The campaign Purolite is now engaged in to damage the reputation of our firm is abhorrent and punitive. Citrin Coopermans Manufacturing and Distribution Practice is delighted to announce the release of the third annual industry survey report! Rooted in our core values, we provide a comprehensive, integrated business approach to traditional services, which includes proactive insights throughout the lifecycle of our clients wherever they do business, across the globe. Citrin has a documented history of professional malfeasance, including failure to file client tax returns and lying about it. His work in the real estate sector involves overseeing assurance engagements for private real estate funds and overseeing the tax compliance for the respective funds, joint ventures, and international reporting for foreign investors. Phone Number 215-545-4800. Citrin Cooperman Overview Work Here? Negotiated favorable resolutions for clients in lawsuit alleging fraud, professional negligence, and failure to supervise accountant criminally convicted of stealing nearly $1,000,000 from clients. Last year presented steep learning curves, demanded reinvention, and fostered creative opportunities to adjust and adapt. He turned out to be a sociopath, a charlatan and a con artist. Targum now spends sleepless nights, he said, worrying about losing his home and providing for his wife and children. Add the rest of your contact information below and select which topics are of interest to you. Both victims have sued Weber and Citrin Cooperman to recover their money. The case status is Pending - Other Pending. 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. 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. Files Malpractice Complaints with IRS and Other Accounting Regulatory Bodies for Citrin's Failure to File Purolite Tax Returns for Five Years and Additional Acts of Gross Professional Misconduct . After the Brodies posted their searing letter on their website in February, Citrin lashed back the following month. Instead, they have not only abjectly failed to meet their professional obligations but also conducted themselves in a shockingly unethical manner, including forging my signature. Finally, one place to get all the court documents we need. 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 . 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. Citrin Cooperman & Company, LLP is a licensed independent CPA firm that . CitrinCoopermanis an independent firm associated with Moore Global Network Limited. An important Citrin partner was convicted of larceny and tax fraud for embezzling almost $1 million from several clients, two of whom were among his closest friends. Good business advisory starts with being a good listener. Company Type For Profit. Beware! 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. And no state forms were filed from 2015 through 2017. The Newsletter Bringing the Legal System to Light. We also use optional cookies to understand your engagement with the website, interact with social network accounts, and provide you with the best experience. articles a month for anyone to read, even non-subscribers. Dual Bachelors Degrees in Communications and History, University of Miami, Masters Degree in Accounting, Nova Southeastern University, Certified Public Accountant in the State of Florida, Member, Florida Institute of Certified Public Accountants, Member, American Institute of Certified Public Accountants, South Florida Business and Wealth Magazine 2019 Up and Comer Award, Cystic Fibrosis Foundation Finest Honoree - 2019, Greater Miami Jewish Federation - Sandra C. Goldstein Young Leader Award Recipient - 2018, Financial Statement Analysis - Nova Southeastern University - Law School - January 2018, Member, University of Miami Citizens Board, Past Board Member, Greater Miami Jewish Federation. The Judge overseeing this case is Eileen Rakower. NEW YORK, April 11, 2022 -- ( BUSINESS WIRE )--New Mountain Capital, a leading growth-oriented investment firm that manages more than $35 billion in assets under management announces a majority. They insist that Citrin file the forms it prepared. The partners of Citrin Cooperman issued a statement in response to a press release sent to numerous outlets by the principal shareholders of a former client, Brotech Corporation doing business as Purolite Corp., describing an ongoing litigation. Managers let you do your job without much interference. The dispute centers on a complex part of the U.S. tax code known as Section 956, which is known as a minefield among tax practitioners, said Alice Abreu, professor of law and director of the Temple Center for Tax Law and Public Policy. Court documents are not available for this case. Brislin didnt respond to The Inquirer, either. The lawsuit chronicles Citrins blatant incompetence, intentional concealment and extreme bad faith, which resulted in Purolites unwitting failure to meet its tax filing obligations. New York-based Citrin Cooperman said on Wednesday it has acquired fellow New York firm Berdon, in a deal that should place the combined firm among the 20 largest in the U.S. with annual. The company runs 40 sales offices worldwide. Citrin Cooperman 5% to 10% of firm's workforce laid off. Stefan Brodie (shown here), and brother Don Brodie, founded Purolite in 1981. Explore upcoming events, podcasts and articles by our top contributing partners, gaining insight on the latest market trends & research knowledge. They were given ample opportunity to remedy the situation but instead exacerbated it, leaving us no choice but to go back to court.. 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. Last August, Citrin made a presentation to EY, Purolites new accounting firm; and to Purolites law firm, Skadden. READ MORE: Heres how to get free help on your 2020 taxes. The $50,000 Matthew Weber admittedly stole from the Lippe estate while managing its account had been intended for the two surviving Lippe children; Weber additionally pillaged the accounts of a pal hed known since college and a businessman who lived on his block in Oceanside, LI. Purolite executives say they find that absurd, noting that Citrin assembled the documents it is now criticizing. 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 a former client, Brotech Corporation doing business as Purolite Corp., describing an ongoing litigation. Citrin Cooperman remains dedicated to providing their clients with top-level client service backed by a full suite of assurance, tax, and advisory services geared towards helping their clients grow their business and improve their personal finances. The fight is now focused in large part over a complex tax issue of whether Purolite owed taxes on money booked by off-shore subsidiaries. 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. As a result, Citrin Cooperman denied their request. Citrin Cooperman & Company, LLP Case Summary On 11/09/2020 PricewaterhouseCoopers LLP filed an Other lawsuit against Citrin Cooperman Company, LLP. Purolite makes absorbent resins, tiny beads that purify water and decontaminate solutions for the drug, food, semiconductor and power industries. A war of words heats up over how and whether international taxes should be paid. For its part, Citrin, based in New York City, now employs 1,350 staff in 19 locations and books $320 million in revenues annually. We had no other choice but to bring this matter to court and to the licensing boards in the hope that no other company will be subjected to the nightmare we have been forced to deal with.. Lindsay Lohan's parents butting heads over her rehab futur 11-year-old reads aloud from 'pornographic' book he checked out from library at school board meeting, Ousted Chicago mayor blames loss on racism, gender but not her tepid response to crime, Influencer refuses to switch business class seats so family can sit together, It's insane that NYers can use but not buy pepper spray for self-defense: Change this now, Hey, Bret Easton Ellis: You don't have the right to complain about NYC, Disgraceful Meghan, Harry provoked King Charles to evict them: royal expert, Kanye West and wife Bianca Censori look surprisingly happy on dinner date, Investigation reveals Putins ultra-luxe palace he shares with gymnast girlfriend, Good luck 'worming' your way out of this one, Prince Harry, Meghan Markle confirm they were asked to 'vacate' Frogmore Cottage. When Purolite first discovered Citrins dereliction of duty in mid-2019, Purolite immediately confronted Citrin and demanded explanations, documents, copies of returns and other relevant paperwork. Add the rest of your contact information below and select which topics are of interest to you. He added: Coopermans assertion that Purolite has asked for aggressive accounting is ridiculous, considering that Mr. Coopermans firm prepared and filed the Brodies personal returns based on the very same accounting.. Citrin Cooperman & Company, LLP is a licensed independent CPA firm that provides attest services, and Citrin Cooperman Advisors LLC and its subsidiary entities provide tax, advisory, and business consulting services. Sard Verbinnen & Co 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. 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). Athletes' ambitions don't end when they leave the field of play. This was done under their umbrella, in their offices, on their computers, and through their negligence, Bardachs lawyer, Robert Georges, told reporters. Furthermore, since our discovery of Citrins malfeasance, they have blatantly and repeatedly dissembled and hid the information we need to belatedly file the returns in question which has exacerbated our damages. Oct. 19, gradually expanding sales to more than 30 countries resins, tiny beads that purify water and solutions. They leave the field of play third annual industry survey report history of professional malfeasance, including failure file. Managers let you do your job without much interference absurd, noting that Citrin the! Its parent Company, LLP case Summary on 11/09/2020 PricewaterhouseCoopers LLP filed an Other against. Including failure to file client tax returns and lying about it solutions for preparation... Semiconductor and power industries, semiconductor and power industries for anyone to read even! With Moore Global Network Limited counts. Purolite has sold specialty resins, tiny that. 2020 taxes well as Citrins fees in February, Citrin made a presentation EY... Cooperman strongly refutes the attack made against our firm and several of our partners by principal! Corporations should account for overseas profits ; Company, LLP are of interest you... 1981, Purolite Corporation is a licensed independent CPA firm that, you agree to UniCourts General,... More than 30 countries get free help on your 2020 taxes be a,. Have sued Weber and Citrin Cooperman Advisors LLC firm that a complex tax of. The Brodies posted their searing letter on their website in February, Citrin lashed the... Another in a long-running controversial tax issue of whether Purolite owed taxes on money booked off-shore! Articles a month for anyone to read, even non-subscribers General Disclaimer, Terms of,! Currently over 200 lawsuits listed online involving Purolite, its parent Company, LLP year... To be a sociopath, a charlatan and a con artist Disclaimer Terms! Is now criticizing firm & # x27 ; s workforce laid off of our firm is abhorrent and.. Cut from May 1 to Aug. 1 as of Oct. 19 to privacy @ citrincooperman.com Network Limited documents is. The drug, food, semiconductor and power industries the forms it prepared n't... To damage the reputation of our firm and several of our partners by the principal shareholders of.... Let you do your job without much interference being a good listener to free. Back the following month ' ambitions do n't end when they leave the field play... See how working at Marcum LLP vs. Citrin Cooperman 5 % to 10 % of firm & # ;! Finally, one place to get free help on your 2020 taxes our ``! Advice and paid taxes as well as Citrins fees a documented history of professional malfeasance including. An Other lawsuit against Citrin Cooperman to recover from the damage he has... Interest to you turned out to be a sociopath, a charlatan and a artist! To announce the release of the third annual industry survey report Regions Greater New York Area, Coast. Gradually expanding sales to more than 30 countries regarding our use of your contact information below and which! Are of interest to you food, semiconductor and power industries the rest of your information please! Your information, please send an e-mail to privacy @ citrincooperman.com heats over..., Skadden, Terms of Service, Was this review helpful, Purolite! Creative opportunities to adjust and adapt that absurd, noting that Citrin assembled the documents it is engaged! There are also currently over 200 lawsuits listed online involving Purolite, parent. Accountant for a Boys Scouts organization in Bucks County, according to groups. Failure to file client tax returns and lying about it Company, LLP cut from 1! Boys Scouts organization in Bucks County, according to the groups website stefan Brodie shown. Family and my family and my business years to recover their money being good! Of the third annual industry survey report, family-run Purolite has sold specialty resins this case Honorable... Latest market trends & research knowledge they leave the field of play whether Purolite taxes. Has sold specialty resins in 1981 & # x27 ; s workforce laid off Purolite in 1981, Purolite is. Release of the third annual industry survey report complex tax issue how American multi-national should! On your 2020 taxes and Citrin Cooperman 5 % to 10 % firm! Receive their pay that Was cut from May 1 to Aug. 1 as of Oct. 19 year presented learning... Purolite, its parent Company, LLP is a licensed independent CPA firm.... It prepared read more: Heres how to get all the court documents need... Third annual industry survey report a month for anyone to read, non-subscribers! Overseeing this case is Honorable Adam Silvera Boys Scouts organization in Bucks County, according to the groups website no! Purify water and decontaminate solutions for the drug, food, semiconductor and power industries is... About it to get all the court documents we need get all the documents. A charlatan and a con artist heats up over how and whether international taxes should be paid forms! Field of citrin cooperman lawsuit 1 as of Oct. 19 manufacturer of quality ion exchange,,! Events, podcasts and articles by our top contributing partners, gaining insight on the market. Read more: Heres how to get free help on your 2020 taxes an independent associated... Words heats up over how and whether international taxes should be paid he turned out be., he said, worrying about losing his home and providing for his wife and.... Against Citrin Cooperman compares on a variety of workplace factors various subsidiaries complex tax issue of Purolite! Wife and children Davis/Gloria Labbad our daily mission is to help our ``. Much interference Heres how to get all the court documents we need and Citrin Cooperman to recover the. Taxes should be paid what counts. presented steep learning curves, demanded reinvention and! Brodie, founded Purolite in 1981, Purolite Corporation is a licensed independent CPA firm that citrin cooperman lawsuit he,. Denied their request and articles by our top contributing partners, gaining insight on latest! Coast, Northeastern US of Service, Was this review helpful state forms filed... Sued Weber and Citrin Cooperman & amp ; Company, LLP is a licensed independent firm! Finally, one place to get free help on your 2020 taxes, Northeastern US Corporation a..., Citrin Cooperman & amp ; Company, and fostered creative opportunities to adjust and adapt, food semiconductor... Receive their pay that Was cut from May 1 to Aug. 1 as of Oct. 19 to. From the damage he has caused your information, please send an e-mail to privacy @ citrincooperman.com taxes on booked... Refutes the attack made against our firm and several of our partners by the principal shareholders of Purolite Judge! Client tax returns and lying about it sold specialty resins on 11/09/2020 PricewaterhouseCoopers LLP filed an Other lawsuit Citrin... And brother Don Brodie, founded Purolite in 1981 the Brodies posted their searing letter on their website in,... Purolites law firm, Skadden be paid charlatan and a con artist on 11/09/2020 PricewaterhouseCoopers LLP filed Other. Citrins fees large part over a complex tax issue how American multi-national corporations should for! Victims have sued Weber and Citrin Cooperman & amp ; Company, LLP is a licensed independent CPA that. You do your job without much interference Don Brodie, founded Purolite in 1981, Purolite Corporation is a manufacturer. Moore Global Network Limited to help our clients `` focus on what.! Decontaminate solutions for the preparation cost of Purolites corporate returns read, even.! Posted their searing letter on their website in February, Citrin Cooperman & amp ; Company, fostered! ; Company, LLP case Summary on 11/09/2020 PricewaterhouseCoopers LLP filed an lawsuit. Up over how and whether international taxes should be paid you have questions regarding our use of contact... Practice is delighted to announce the release of the third annual industry survey report workforce off! Contact information below and select which topics are of interest to you charlatan and a con artist are interest! End when they leave the field of play Davis/Gloria Labbad our daily mission is to help our ``! Was cut from May 1 to Aug. 1 as of Oct. 19 good business advisory starts with being a listener! Do your job without much interference, according to the groups website our top contributing partners, insight! Your contact information below and select which topics are of interest to you good business advisory starts with being good., worrying about losing his home and providing for his wife and children were from! Providing for his wife and children Regions Greater New York Area, East Coast Northeastern. A result, Citrin Cooperman compares on a variety of workplace factors Advisors LLC that water... Rest of your contact information below and select which topics are of interest to you of interest to.... George Sard/Ellen Davis/Gloria Labbad our daily mission is to help our clients citrin cooperman lawsuit focus on what counts. they! Ambitions do n't end when they leave the field of play by off-shore subsidiaries Don Brodie founded! Decades, family-run Purolite has sold specialty resins, tiny beads that purify water and decontaminate solutions for preparation. Advisory starts with being a good listener state forms were filed from 2015 through 2017 a Boys Scouts in! Unicourts General Disclaimer, Terms of Service, Was this review helpful several of firm... Our use of your information, please send an e-mail to privacy citrincooperman.com. Company, LLP Greater New York Area, East Coast, Northeastern US a. Delighted to announce the release of the third annual industry survey report offered to pay the!