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September 28, 2023

When accounting goes unaccounted for

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CPA Exam Candidates: You Better Hurry Up and Apply For BEC Before It’s Gone Forever AICPA Unveils Its Most Desperate Pipeline Initiative Yet BDO USA and Two of Its Audit Partners Got in Trouble and It’s Gonna Cost Them $2 Million and Change Firms Aren’t Doing So Bad According to Them, Almost Half Are Outsourcing Work Accountants Behaving Badly: Police Department Accountant Couldn’t Be Bothered, PPP Loan Fraud, and a Creepy Tax Preparer
BDO

BDO’s Tax Shelter Team Was Known as the ‘Wolf Pack’

by Caleb Newquist

I figured you guys should know that.

Ex-CEO Denis Field’s trial for his alleged lead-wolf role in the tax shelter case started last week, while the rest of his fellow wolves – Michael Kerekes, Adrian Dicker, Charles Bee Jr. and Robert Greisman – all pleaded guilty back in 2009.

Led by Field, BDO Seidman was one of the most aggressive tax-shelter marketers, starting in the late 1990s. Inside the firm, the tax-shelter team was known as the “wolf pack.” Field became CEO of the firm in 2000. Tax services accounted for nearly half of BDO Seidman’s $420 million in U.S. revenues in 2002, up from 28 percent in 1998.

Ex-chief executive of BDO Seidman on trial in tax-shelter case [CT]

I figured you guys should know that.

Ex-CEO Denis Field’s trial for his alleged lead-wolf role in the tax shelter case started last week, while the rest of his fellow wolves – Michael Kerekes, Adrian Dicker, Charles Bee Jr. and Robert Greisman – all pleaded guilty back in 2009.

Led by Field, BDO Seidman was one of the most aggressive tax-shelter marketers, starting in the late 1990s. Inside the firm, the tax-shelter team was known as the “wolf pack.” Field became CEO of the firm in 2000. Tax services accounted for nearly half of BDO Seidman’s $420 million in U.S. revenues in 2002, up from 28 percent in 1998.

Ex-chief executive of BDO Seidman on trial in tax-shelter case [CT]

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