Purolite Provides to Its Lawsuit In opposition to Accounting Company Citrin Cooperman and Its Principals for Skilled Misconduct, Negligence, Forgery, and Fraudulent Misrepresentation

Data files Malpractice Problems with IRS and Other Accounting Regulatory Bodies for Citrin’s Failure to File Purolite Tax Returns for 5 A long time and Added Acts of Gross Professional Misconduct

Purolite Corp. (“Purolite”) and its principals, Stefan and Don Brodie, these days added a assert for negligent misrepresentation to its extensive complaint from its previous accounting business Citrin Cooperman & Organization, LLP (“Citrin”), its co-founder and CEO, Joel A. Cooperman, and quite a few of its principals.

This new declare was additional to the 8-count complaint Purolite and the Brodies filed from Citrin and its principals in April 2020 alleging, between other items, fraud, gross negligence and breach of contract. The lawsuit chronicles Citrin’s blatant incompetence, intentional concealment and severe terrible religion, which resulted in Purolite’s unwitting failure to fulfill its tax filing obligations. Citrin’s malfeasance induced Purolite to go through considerable harm and essential the corporation to employ the service of new accountants and legal professionals to solution the breach the accounting company triggered. The lawsuit was submitted in the Philadelphia, PA Court of Prevalent Pleas.

Citrin falsely represented to Purolite that it experienced done and submitted all necessary returns with governmental entities, when in reality, Citrin hardly ever filed corporate returns for tax years 2013 via 2017 and unsuccessful to properly file demanded tax kinds for Purolite’s foreign affiliate marketers from 2010 through 2017. Purolite’s founding associates have regularly compensated all of the taxes that Citrin Cooperman encouraged were being owed, together with for the years for which Citrin Cooperman failed to file the company tax returns.

When Purolite initial found Citrin’s dereliction of responsibility in mid-2019, Purolite promptly confronted Citrin and demanded explanations, files, copies of returns and other pertinent paperwork. Citrin admitted to its egregious faults and at first feigned cooperation, but has considering the fact that obstructed Purolite, exacerbating the presently considerable damages experienced by Purolite. Citrin compounded its misconduct by concealing its failure to file the suitable returns and hampering Purolite’s attempts to mitigate the hurt Citrin brought on by refusing to give required records in its possession so that Purolite could belatedly file returns and connected tax types with governmental entities. In addition, Citrin solid signatures on [at least two] Purolite engagement letters in a fraudulent attempt to indemnify itself retroactively once its malpractice was found out by Purolite.

“We entrusted Citrin to adequately file our corporate tax returns with the applicable governmental authorities and predicted that, as a significant accredited accounting company, Citrin would fulfill those people essential obligations,” reported Stefan Brodie, co-founder and CEO of Purolite. “Instead, they have not only abjectly unsuccessful to meet their qualified obligations but also done by themselves in a shockingly unethical method, which includes forging my signature. They were being presented enough chance to solution the circumstance but as an alternative exacerbated it, leaving us no selection but to go back to court.”

In hindsight, Citrin’s lies and other misconduct really should not have been a shock as it follows a sample. Citrin has a documented record of expert malfeasance, together with failure to file client tax returns and lying about it. An significant Citrin partner was convicted of larceny and tax fraud for embezzling nearly $1 million from several clientele, two of whom have been amid his closest close friends. Another Citrin lover, the previous managing associate of the Philadelphia place of work, aided funnel customers to investment money that ended up aspect of a multi-million-dollar Ponzi scheme that left harmless victims in its wake.

In relationship with Citrin’s gross expert misconduct, Purolite has also filed malpractice complaints towards Citrin and a number of of its principals – Joel Cooperman, Mark Carrow, Alan Mandeloff, Mary Brislin and Terry Silver – with the Internal Earnings Company (IRS), the American Institute of CPAs (AICPA), the Pennsylvania Institute of Licensed Public Accountants (PICPA) and the Point out Board of Accountancy for the two New York and Pennsylvania. Purolite has requested that these regulators perform a complete investigation into Citrin’s expert carelessness and just take all actions warranted by its carry out, such as revoking the licenses of Citrin Cooperman and the named people.

Brodie ongoing, “To insert insult to injuries, Citrin hid their failure to file our returns, whilst continuing to operate with us and pretending that they experienced fulfilled all filing obligations. Also, considering that our discovery of Citrin’s malfeasance, they have blatantly and frequently dissembled and hid the facts we have to have to belatedly file the returns in concern – which has exacerbated our damages. We had no other decision but to deliver this make any difference to courtroom and to the licensing boards in the hope that no other business will be subjected to the nightmare we have been compelled to offer with.”

About Purolite

Launched in 1981, Purolite Company is a primary maker of high-quality ion exchange, catalyst, adsorbent, and specialty resins. Headquartered in King of Prussia, Pennsylvania with 40 gross sales offices in more than 30 international locations, the company has ISO 9001 licensed manufacturing facilities in the Usa, China and Romania and operates dedicated R&D facilities in the Usa, China, Romania, Russia and the United kingdom. Purolite has pioneered the improvement of these technologies in adsorption, catalysis, condensate sprucing, metals elimination & recovery, nanoparticle milling, softening and demineralization. Crucial industries incorporate hydrometallurgy, metals plating, pharmaceutical, potable and groundwater, electricity, semiconductor and sugar & sweetener. You should visit www.purolite.com for extra information and facts.

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