Add the rest of your contact information below and select which topics are of interest to you. This will mark . Managers let you do your job without much interference. Founded in 1981, Purolite Corporation is a leading manufacturer of quality ion exchange, catalyst, adsorbent, and specialty resins. 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). (Supreme Court of the State of New York, County of New York -- Index Number 650665/2014), 2023 Silver Miller View Our Disclaimer | Privacy PolicyLaw Firm Website Design by The Modern Firm, A SECURITIES FRAUD AND INVESTMENT LOSS CONTINGENCY-FEE LAW FIRM. A disgraced former partner for the prestigious Manhattan accounting firm Citrin Cooperman was carted off to serve at least three years prison today for embezzling almost a million dollars from two of his closest friends and the estate of convicted Westchester County wife-murderer Werner Lippe. Founders Joel Cooperman. 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 . 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. Making the situation even hazier, Brislin has gone mute, declining to talk with either side. KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--Purolite Corp. (Purolite) and its principals, Stefan and Don Brodie, today added a claim for negligent misrepresentation to its extensive complaint against its former accounting firm Citrin Cooperman & Company, LLP (Citrin), its co-founder and CEO, Joel A. Cooperman, and several of its principals. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. Our daily mission is to help our clients "focus on what counts." As a result, Citrin Cooperman denied their request. 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. [ NEW] 25% reduction in partner distributions from May 1 until Dec. 31. Citrin admitted to its egregious errors and initially feigned cooperation, but has since obstructed Purolite, exacerbating the already significant damages suffered by Purolite. Citrin Cooperman Overview Work Here? 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. Over the past few years, we have seen that strong performers in the manufacturing and distribution industry are the companies that are constantly adapting to change. 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. In the view of Citrin, Purolite is still pushing for improper returns. Brislin didnt respond to The Inquirer, either. v. Citrin Cooperman & Company, LLP, Matthew Weber, et al. This year's survey explores how agile businesses are navigating industry issues, including reshaping product offerings, fortifying their business against supply chain changes, implementing artificial intelligence technology, leveraging forecasting tools, and more. Law360 (April 24, 2020, 6:10 PM EDT) -- A Philadelphia-area chemical company has slapped Citrin Cooperman & Co. with a lawsuit in state court alleging it suffered millions of dollars in damages as . Last Funding Type Private Equity. Citrin Cooperman Advisors LLC and its subsidiary entities are not licensed CPA firms. Our Website Uses Cookies. Live from New York and Hong Kong, bringing you the essential stories from the close of the U.S. markets to the open of trading across Asia. "Citrin Cooperman" is the brand name under which Citrin Cooperman Advisors LLC and Citrin Cooperman & Company, LLP, independently owned entities, provide professional services in an alternative practice structure in accordance with applicable professional standards. 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.. The company runs 40 sales offices worldwide. Add the rest of your contact information below and select which topics are of interest to you. Rooted in our core values, we provide a comprehensive, integrated business approach to traditional services, which includes proactive insights throughout thelifecycleof our clients wherever they do business, across the globe. An important caveat: The combatants that Purolite paid taxes during the disputed years and the IRS isnt currently auditing the company. This field is for validation purposes and should be left unchanged. which joined Citrin Cooperman in 2022. When typing in this field, a list of search results will appear and be automatically updated as you type. Maryland (240) 516-6000 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 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). 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. A war of words heats up over how and whether international taxes should be paid. Citrin has a documented history of professional malfeasance, including failure to file client tax returns and lying about it. 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. The campaign Purolite is now engaged in to damage the reputation of our firm is abhorrent and punitive. Citrin's malfeasance caused Purolite to suffer substantial harm and required the company to hire new accountants and lawyers to remedy the breach the accounting firm caused. 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. [Source: Tip to GC] CliftonLarsonAllen 10% pay cut for employees firm-wide from May 1 until Dec. 31 Oct. 31 Aug. 1. Stefan Brodie (shown here), and brother Don Brodie, founded Purolite in 1981. Please accept & submit to continue. CitrinCoopermanis an independent firm associated with Moore Global Network Limited. Purolite executives, for their part, said Citrin is now in the curious position of denigrating its own work. Purolite makes absorbent resins, tiny beads that purify water and decontaminate solutions for the drug, food, semiconductor and power industries. It operates a large office in Center City Philadelphia. "Citrin Cooperman" is the brand name under which Citrin Cooperman Advisors LLC and Citrin Cooperman & Company, LLP, independently owned entities, provide professional services in an alternative practice structure in accordance with applicable professional standards. 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 . Purolite also recently issued a press release and engaged in targeted media outreach in further attempts to run a smear campaign against Citrin Cooperman. The lawsuit chronicles Citrins blatant incompetence, intentional concealment and extreme bad faith, which resulted in Purolites unwitting failure to meet its tax filing obligations. The Judge overseeing this case is Eileen Rakower. This case was filed in New York County Courts, New York County Civil Court located in Nassau, New York. Was this review helpful? Focus on the Future The release of the Year in Review has become a well-honored tradition at Citrin Cooperman. Last August, Citrin made a presentation to EY, Purolites new accounting firm; and to Purolites law firm, Skadden. Last year presented steep learning curves, demanded reinvention, and fostered creative opportunities to adjust and adapt. By comparing employers on employee ratings, salaries, reviews, pros/cons, job openings and more, you'll feel one step ahead of the rest. "Citrin Cooperman strongly refutes the attack made against our firm and several of our partners by the principal shareholders of Purolite. 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. Phone and email messages went unanswered. Weve tried contacting her multiple times, Cooperman said. The same holds true for being a good leader. 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. 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. Their membership in, or association with, MNA or MGNL should not be construed as constituting or implying any partnership between them. 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 . See how working at Marcum LLP vs. Citrin Cooperman compares on a variety of workplace factors. The lawsuit claims that King of Prussia, Pa.-based Internet Fitness LLC and Internetfitness.com Inc., have failed to compensate the plaintiff for . The hardest hit victim was attorney Andrew Targum, whod known Weber 30 years and trusted him with his money since 1990, losing $828,128, some of which Weber admitted taking to pay country club fees. Protected by Google ReCAPTCHA. [ NEW] CohnReznick articles a month for anyone to read, even non-subscribers. "Citrin Cooperman" is the brand name under which Citrin Cooperman Advisors LLC and Citrin Cooperman & Company, LLP, independently owned entities, provide professional services in an alternative practice structure in accordance with applicable professional standards. 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. This year's 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 Adds to Its Lawsuit Against Accounting Firm Citrin Cooperman and Its Principals for Professional Misconduct, Negligence, Forgery, and Fraudulent Misrepresentation Files Malpractice. 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. The firm is resolved to ensure the truth comes out and is determined to protect the reputation of the firm, its clients and people. The Judge overseeing this case is Honorable Adam Silvera. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. All Rights Reserved. Cooperman also offered to pay for the preparation cost of Purolites corporate returns. We are all deeply troubled by their baseless claims and their personal attacks," said Citrin Cooperman Co-Founder and CEO Joel Cooperman. The release of the Year in Review has become a well-honored tradition at Citrin Cooperman. Court documents are not available for this case. It is privately owned and doesnt release financials. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. What Could Elon Musk Possibly Be Thinking? 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. The case ID number is 130302676. Managing Partner, South Florida Offices, Citrin Cooperman Advisors LLC Partner, Citrin Cooperman & Company LLP Coral Gables T: (305) 444-0999 Experience CREDENTIALS WORK-LIFE BALANCE Experience Joshua Rader is the managing partner of Citrin Cooperman's South Florida offices. 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. All Rights Reserved. The company and its lawyers wouldnt provide a copy of the Skadden opinion. Track your investments 24 hours a day, around the clock from around the world. And the best part of all, documents in their CrowdSourced Library are FREE. 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. 2023 NYP Holdings, Inc. All Rights Reserved. citrincooperman.com, Contact:Laura Kucera, Chief Marketing Officer[emailprotected] 212.697.1200 x6355, Cision Distribution 888-776-0942 We also use optional cookies to understand your engagement with the website, interact with social network accounts, and provide you with the best experience. 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. He also devotes a portion of his practice time to commercial litigation supporting ongoing firm engagements in damage analysis and has provided expert testimony. In a tax dispute thats both sobering and surprising, Purolite and Citrin have gone at it in court and in public, digging deep to fling mud at each other. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. In the summer of 2019, though, Purolite decided to switch accountants, shifting the work to EY, formerly Ernst & Young. On 09/15/2016 CITRIN COOPERMAN COMPANY, LLP, filed an Other lawsuit against BASCOM, ODINGA. DocketAFFIRMATION/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, DocketORDER TO SHOW CAUSE (Motion #001) seal; Filed By: Court User; Filed: 11/16/2020; Received: 11/16/2020, DocketADDENDUM - COMMERCIAL DIVISION (840C) (Motion #001); Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, DocketRJI -RE: ORDER TO SHOW CAUSE (Motion #001); Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, DocketMEMORANDUM 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, DocketMEMORANDUM 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, DocketAFFIDAVIT 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, DocketORDER 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, DocketEXHIBIT(S) - C *Corrected* Filed Under Seal; Filed By: Librera, K.; Filed: 11/09/2020; Received: 11/12/2020, DocketEXHIBIT(S) - B *Corrected* Filed Under Seal; Filed By: Librera, K.; Filed: 11/09/2020; Received: 11/12/2020, DocketEXHIBIT(S) - A *Corrected* Filed Under Seal; Filed By: Librera, K.; Filed: 11/09/2020; Received: 11/12/2020, DocketPETITION *Corrected* Verified Petition; Filed By: Librera, K.; Filed: 11/09/2020; Received: 11/12/2020. NEW YORK, March 29, 2021 /PRNewswire/ -- In response to a lawsuit previously filed by former client Purolite Corp. and its coordinated harassment campaign seeking to tarnish Citrin. You were treated as a professional. 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