Revocation of CPA Certificate, via stipulated settlement.

Mr. Sack is required to reimburse the Board for its investigation and prosecution costs associated with this proceeding prior to the Board's accepting for consideration a petition for reinstatement or application for licensure.

Effective August 26, 2005

Also See:

Mickey Casanova & Sack

For purposes of settlement, Mr. Sack acknowledges and admits he provided accounting services for a client and the client's business for 28 years. Mr. Sack further admits his services were terminated in early 2003 after the client determined that for several years Mr. Sack had been making check disbursements directly to himself or for his personal benefit and making false entries into the accounting records of his client.

After further inquiry by the client, settlement negotiations were initiated between the client and Mr. Sack. Eventually a settlement agreement was executed that required Mr. Sack to pay the client $200,000 for the conversion and mishandling of the client's funds.

The actions by Mr. Sack were charged as violations for embezzlement, misappropriation of funds, obtaining money by fraud or false pretenses, fiscal dishonesty, and breach of fiduciary duty of any kind.

All charges for discipline against Mr. Sack were extended to Mickey Casanova & Sack.

Business and Professions Code, Division 3, Chapter 1, §§ 5037 (b), 5100, 5100 (c), (g), (i), (j), and (k), and 5101. California Code of Regulations, Title 16, Division 1, §§ 52, 63, 67, and 68.

Revocation stayed, with three years' probation, via stipulated settlement.

Ms. Sacks' license is suspended for 45 days.

Ms. Sacks shall at all times maintain an active license.

Ms. Sacks is required to reimburse the Board $2,116 for its investigation and prosecution costs.

Other standard terms of probation.

Effective January 7, 2007

Ms. Sacks was sanctioned by the Securities and Exchange Commission (SEC), an action subjecting her CPA license to discipline. The SEC entered the decision and order on June 7, 2006.

Without admitting or denying the findings in the SEC order, Ms. Sacks consented to entry of an SEC order that denied her the privilege of appearing or practicing before the SEC as an accountant for two years, effective June 7, 2006, after which she may request that the SEC consider her reinstatement. Arthur Andersen was the auditor for Peregrine Systems, Inc., beginning April 1, 1999, through 2002. Ms. Sacks was the Arthur Andersen audit manager for the Peregrine engagement from September 2000 through May 2002.

Subsequent to the completion of the audits, accounting irregularities in Peregrine's revenue recognition practices were disclosed, requiring Peregrine to restate its financial statements for fiscal years ended March 31, 2000, and 2001 and for the first three quarters of its fiscal year 2002. The restatement reduced Peregrine's financial statement revenue for the restatement period by $509 million dollars.

The SEC order included findings that Ms. Sacks violated professional standards by engaging in improper professional conduct in the context of a revenue recognition fraud being conducted by Peregrine personnel and others, failed to exercise due professional care during her reviews and audits of Peregrine's financial statements, and engaged in improper professional conduct by repeatedly engaging in unreasonable conduct which indicated a lack of competence to practice.

Business and Professions Code, Division 3, Chapter 1, § 5100 (h) and (l).

Revocation of CPA Certificate, via stipulated settlement.

Mr. Sady-Kennedy is required to reimburse the Board $1,000 for its investigation and prosecution costs.

Effective August 30, 2007

On or about September 23, 2004, in U.S. District Court for the Central District of California, Southern Division, Mr. Sady-Kennedy was convicted by plea of guilty of two felonies: bank fraud and money laundering with intent to conceal.

Mr. Sady-Kennedy did not report his conviction to the California Board of Accountancy.

Business and Professions Code, Division 3, Chapter 1, §§ 5063 and 5100 (a), (b), (c), (g), (i), (j), and (k). California Code of Regulations, Title 16, Division 1, § 54.

Revocation of CPA Certificate, via stipulated settlement.

Effective June 22, 1998

Mr. Safronchik admits that he subjected his license to disciplinary action on the grounds of unprofessional conduct in that on or about December 9, 1996, he was convicted by the Court of a plea of guilty of violating provisions of Title 18, USC, § 371, securities fraud in violation of 15 USC § 77 (q) (a), and 77x and bank fraud in violation of 18 USC § 1344.

Mr. Safronchik admitted that the circumstances surrounding the conviction are substantially related to the qualifications, functions and duties of a certified public accountant or public accountant in that they evidence a present or potential unfitness to perform the functions authorized by his certified public accountant license in a manner consistent with the public health, safety or welfare.

Business and Professions Code, Division 1.5, Chapter 3, § 490 and Division 3, Chapter 1, § and 5100 (a).

Revocation of CPA Certificate, via default decision.

Effective October 14, 2004

Mr. Samiley engaged in the practice of public accountancy with an inactive CPA license and subsequently with an expired CPA license during the respective periods of March 3, 2000, through March 31, 2000, and from April 1, 2000, through the income tax preparation seasons for 2000, 2001, 2002, and 2003.

Mr. Samiley submitted a license renewal application for active status for the period April 1, 1998, through March 31, 2000, without a declaration of completion of the 80 hours of continuing education required for active renewal.

Mr. Samiley is further subject to disciplinary action in that he failed to notify the Board within 30 days of his change of address in 2002.

Business and Professions Code, Division 3, Chapter 1, §§ 5050, and 5100 and 5100 (g). California Code of Regulations, Title 16, Division 1, §§ 3 (a) (1), 80 (a), and 87.

License revoked.

Effective September 15, 1993

Respondent was convicted of a crime substantially related to the practice of public accountancy (conspiracy to defraud the United States.)

Business and Professions Code, Division 3, Chapter 1, § 5100 (a), and Division 1.5, Chapter 3, § 490.

Suspension of license for 60 days stayed, with two years' probation, via stipulated settlement.

Mr. Sanchez shall complete 24 hours of continuing education courses in addition to the 80 hours required for renewal as specified by the Board or its designee.

Mr. Sanchez shall at all times maintain an active license status with the Board, including during any period of suspension.

Effective August 25, 2006

Also See:

Moss Adams LLP

Rabkin, Mark Warren

Accusation AC-2006-5 contains allegations that Mr. Sanchez is subject to discipline for unprofessional conduct including gross negligence, repeated negligent acts, failure to comply with professional standards and issuing a review report that did not comply with professional standards. The charges are based on Mr. Sanchez's performance of a review of the financial statements for Lanico, Inc., as of and for the year ended December 31, 1999.

The Board's charges include allegations that Mr. Sanchez failed to properly perform the review engagement and failed to exercise due professional care. Allegations also include Mr. Sanchez's failures to modify the accountant's report and to properly date the report in accordance with professional standards.

For purposes of settlement, Mr. Sanchez agrees that the Board could establish a factual basis for the charges and if proven at a hearing constitute cause for discipline upon his license.

Business and Professions Code, Division 3, Chapter 1, §§ 5062 and 5100 (c). California Code of Regulations, Title 16, Division 1, § 58.

Revocation of CPA Certificate via default decision.

Effective June 17, 2004

Accusation No. AC-2004-5 contained allegations that Mr. Sanchez engaged in the practice of public accountancy during the period June 1, 1998, through May 26, 2003, while his license was in an expired status.

Mr. Sanchez operated his firm under the unregistered name of "Sam S. Sanchez & Company," and Mr. Sanchez made a false statement on his renewal form by stating he did not perform a compilation, when in fact he had.

Business and Professions Code, Division 3, Chapter 1, §§ 5050, 5060, and 5100(c) and (g).

Revocation of CPA Certificate, via proposed decision.

Respondent is required to reimburse the Board for investigation and prosecution costs.

Effective December 30, 1999

Respondent was convicted by a plea of guilty to two counts of violating Title 26, United States Code § 7201, income tax evasion by filing false tax returns for the years 1991 and 1992. Respondent's convictions resulted from intentional and willful violations of the law, and the underlying acts were substantially related to the qualifications, functions, and duties of a certified public accountant.

Business and Professions Code, Division 3, Chapter 1, § 5100 (a).

Revocation of CPA Certificate, via default decision.

Effective June 23, 2001

As President and Chief Executive Officer of Spectrum Laboratory Products, Inc., Respondent wrote checks payable to himself totaling $531,000 from Spectrum's account with Chemical Bank and $79,840 from an account with Bank of America maintained by Burg & Son, a related entity owned by Spectrum's founder and Chairman. Respondent made false entries in the cash disbursements journal for the account with Chemical Bank and in the check register for the account with Bank of America to conceal the unauthorized diversions of funds.

Business and Professions Code, Division 3, Chapter 1, § 5100 (h), (i), and (j).

Revocation of CPA Certificate, via default decision.

Effective February 23, 1996

On or about March 9, 1993, Respondent pled guilty and was convicted in San Francisco City and County Superior Courts of two felony counts of theft (each count exceeding $100,000), one count of cruelty to a dependent adult (misdemeanor), one felony count of conspiracy to commit a crime, one felony count of signing a false personal tax return; and two felony counts of failing to file a tax return or filing a false tax return. The crimes involved Respondent's 93-year-old client for whom he was a co-trustee of her assets.

Business and Professions Code §§ 5100(a), (f), (h), and (j). California Code of Regulations, Title 16, Chapter 1, §§ 60 and 99.

Revocation stayed with three years' probation, via stipulated settlement.

Mr. Scher is suspended from practice of public accountancy for six months.

Mr. Scher shall complete 80 hours of continuing professional education courses (CPE), in addition to the CPE requirement for relicensing.

Mr. Scher is required to reimburse the Board $3,437 for its investigation and prosecution costs.

Other standard terms and conditions.

Effective April 25, 2003

Mr. Scher admits he practiced public accountancy in 2000 and 2001 when his certificate was expired, and he failed to meet the continuing education requirements.

Mr. Scher was previously issued a citation and ordered to pay a civil fine of $750 for unlicensed practice during the periods of January 1, 1994, through March 31, 1995, and January 1, 1996, through February 16, 1996. Mr. Scher did not contest the citation and paid the fine.

Business and Professions Code, Division 3, Chapter 1, §§ 5050, 5051, and 5100 (f). California Code of Regulations, Title 16, Division 1, § 87.

Revocation of CPA Certificate, via default decision.

Effective May 4, 2000

Respondent and her accountancy corporation were engaged to perform accounting and tax services for a client and to finalize the dissolution of the client's corporation. Respondent did not complete the dissolution.
She also failed to notify the Board of at least two address changes affecting her and her accountancy corporation.

In addition, the Board issued citations for engaging in the practice of public accountancy with an expired CPA license. Respondent and her accountancy corporation failed to comply with the citation orders.

Business and Professions Code, Division 3, Chapter 1, §§ 5050, 5100 (c), (h), and 5154. California Code of Regulations, Title 16, Division 1, §§ 3, 52, 66.1, and 95.4.

Revocation stayed, with three years' probation, via decision after Non-Adoption of Proposed Decision.

Within 30 days of the effective date of the decision, Mr. Schmidt shall submit to the Board or its designee for its approval a plan of practice that shall be monitored by another CPA or PA who provides periodic reports to the Board or its designee.

Mr. Schmidt shall complete professional education courses as specified by the Board or its designee at the time of Mr. Schmidt's first probation appearance.

Other standard terms and conditions.

Effective October 21, 2005

As an audit manager, Mr.Schmidt conducted audits of Styling Technology Corporation (Styling) for the years ended December 31, 1997, and December 31, 1998. In April 1999, Mr. Schmidt was hired by Styling as Vice President of Accounting and Finance, and he participated in the preparation of Styling's 10-Q for the second quarter of 1999.

In its complaint against Mr. Schmidt, the U.S. Securities and Exchange Commission (SEC) alleged that Mr. Schmidt encountered numerous red flags during the 1997 and 1998 audits that should have caused him to become aware of significant financial problems at Styling. The complaint also alleged that Mr. Schmidt subjected his license to discipline for acts committed after he became an employee of Styling.

As a result of a settlement with the SEC, Mr. Schmidt was suspended from appearing or practicing as an accountant before the U.S. Securities and Exchange Commission. In addition, Mr. Schmidt was ordered to pay a civil penalty of $30,000.

Business and Professions Code, Division 3, Chapter 1, § 5100 (h) and (l).

Revocation of CPA Certificate, via default decision.

Effective May 4, 2000

Respondent and her accountancy corporation were engaged to perform accounting and tax services for a client and to finalize the dissolution of the client's corporation. Respondent did not complete the dissolution.
She also failed to notify the Board of at least two address changes affecting her and her accountancy corporation.

In addition, the Board issued citations for engaging in the practice of public accountancy with an expired CPA license. Respondent and her accountancy corporation failed to comply with the citation orders.

Business and Professions Code, Division 3, Chapter 1, §§ 5050, 5100 (c), (h), and 5154. California Code of Regulations, Title 16, Division 1, §§ 3, 52, 66.1, and 95.4.

Surrendered certificates, via stipulated decision.

Effective December 20, 2002

Also See:

Hamma and Nelson

For the purposes of settlement, Mr. Schneider agrees that the complainant could establish a factual basis for the charges and that those charges constitute cause for discipline.

The Accusation includes charges that the working papers prepared by Hamma and Nelson for the compliance audit of the Federal Student Assistance Program at Platte College, San Francisco, for the award-year ended June 30, 1996, under the supervision of Mr. Schneider, who was the engagement partner, contained departures from Generally Accepted Auditing Standards.

Business and Professions Code, Division 3, Chapter 1, § 5100 (c) and (f). California Code of Regulations, Title 16, Division 1, § 58.

Surrender of CPA certificate, via stipulated settlement.

Effective January 7, 1998

The Accusation includes charges that Mr. Schweitzer practiced public accountancy during the period from April 1, 1989 through March 3, 1994, while his license was in a delinquent status, and that he was unable to provide documentation of completion of continuing professional education courses required by the Board.

Business and Professions Code, Division 3, Chapter 1, §§ 5050 and 5051. California Code of Regulations, Title 16, Division 1, §§ 87 and 89.

Revocation of CPA Certificate, via proposed decision.

Effective April 25, 2003

On November 16, 1995, Mr. Seidel was convicted on a plea of guilty for a felony (grand theft of property) in Los Angeles Superior Court. The circumstances surrounding the conviction included Mr. Seidel's embezzlement of monies in excess of $100,000 while acting in a volunteer and fiduciary capacity as an officer of a foundation.

Business and Professions Code, Division 3, Chapter 1, § 5100 (a), (c), (f), (h), and (j). California Code of Regulations, Title 16, Division 1, § 99.

Revocation of CPA Certificate, via default decision.

Effective August 30, 2007

Mr. Shah was found guilty on or about February 18, 2005, in U.S. District Court for the Southern District of New York, of conspiracy to commit bank fraud, mail fraud, wire fraud, and money laundering.

From 1998 until 2002, Mr. Shah participated in a sophisticated international scheme to defraud banks worldwide of millions of dollars, and to launder the fraudulently obtained money in connection with sham transactions.

Business and Professions Code, Division 3, Chapter 1, § 5100 (a).

Revocation of CPA Certificate, via proposed decision.

Effective May 9, 2007

On July 18, 2003, in the United States District Court, Northern District of California, San Francisco Division, in a case captioned United States of America v. Wade Vincent Shang, Mr. Shang was convicted by jury verdict of three felony convictions of tax evasion for the 1996, 1998, and 1999 tax years. On January 20, 2004, Mr. Shang was sentenced to two years in federal prison, a fine of $10,000, and two years of supervised release. Mr. Shang filed a Notice of Appeal from the judgment of conviction and sentence on January 20, 2004.

On November 22, 2004, the United States Court of Appeals for the Ninth Circuit issued its Memorandum opinion in United States of America v. Wade Vincent Shang. The court affirmed Mr. Shang's conviction for the tax years 1996 and 1998, reversed the conviction on the 1999 count, and remanded the case for resentencing. The District Court imposed judgment on April 19, 2005, Amended Judgment in United States of America v. Wade Vincent Shang, finding Mr. Shang guilty on the 1996 and 1998 tax evasion charges. Mr. Shang was sentenced to serve 21 months in prison and ordered to comply and cooperate with the Internal Revenue Service in a good-faith effort to pay any outstanding tax liability, was ordered to timely and accurately file all future income tax returns required by law during the period of supervision, was ordered not to be employed in a fiduciary capacity without the prior approval of the probation officer, and was ordered to pay total criminal monetary penalties in the amount of $10,200.

The circumstances of Mr. Shang's crimes were that he manipulated payments received from insurance companies in the course of his law practice to make it appear that Mr. Shang earned less as an attorney than he did. Mr. Shang underreported his income and underpaid his federal income taxes for 1996 and 1998, thus committing crimes of fiscal dishonesty. The felonies of which Mr. Shang was convicted are substantially related to the qualifications, functions or duties of a CPA in that they evidence present or potential unfitness to perform the functions authorized by his certificate in a matter consistent with protection of the public welfare.

Mr. Shang did not report his felony conviction to the California Board of Accountancy.

Business and Professions Code, Division 3, Chapter 1, §§ 5063 and 5100 (a), (g), and (h).

License revoked.

Effective March 1, 1994

Respondent was grossly negligent in his preparation of audit reports for the fiscal years ended June 30, 1987, and June 30, 1988. Deficiencies included the omission of prescribed general purpose financial statements, improperly formatted revenues and expenditures, omission of required footnote disclosures, omissions of opinions regarding supplementary information, omission of reports on internal control structure, and failure to document audit planning.

Business and Professions Code, Division 3, Chapter 1, § 5100 (c).

Revocation of CPA certificate, via default decision.

Effective March 28, 1991

Reinstated April 24, 2007

Reinstatement of CPA certificate. Respondent's certificate is reinstated; however, respondent may not perform attestation work.

Mr. Shattuck was placed on probation, effective July 27, 1987, for gross negligence in the performance of an audit in 1982.

Mr. Shattuck violated the terms of his probation.

Business and Professions Code, Division 3, Chapter 1, §§ 5100 (c), 5050, and 5051. California Code of Regulations Title 16, Division 1, § 58.

Revocation stayed, with three years' probation, via stipulation settlement.

Mr. Sheline's certificate is suspended for 60 days.

Mr. Sheline is prohibited from acting as a conservator for any future conservatorship.

Mr. Sheline is required to reimburse the Board $7,500 for its investigation and prosecution costs.

Other standard terms and conditions.

Effective December 23, 2005

For purposes of settlement, Mr. Sheline agrees he is subject to disciplinary action for unprofessional conduct for breach of fiduciary duty and for the knowing preparation, publication , or dissemination of false, fraudulent, or materially misleading financial statements, reports, or information.

The circumstances underlying the Board's disciplinary action are that Mr. Sheline was appointed co-conservator for the conservatorship of an elderly man suffering from dementia. Mr. Sheline affirmed he would perform the conservator duties according to law. Mr. Sheline subsequently signed a verification declaring he had read the First and Final Account and Report and certified as to the truth of the accounting based on his own knowledge and belief. In fact, Mr. Sheline had never examined the underlying supporting documentation personally to verify the final accounting and the other co-conservator had systematically looted more than $200,000 from the conservatorship estate.

Business and Professions Code, Division 3, Chapter 1, § 5100 (i) and (j).

Revocation stayed, with three years' probation, via stipulated settlement.

Mr. Shew's license is suspended for 30 days.

Mr. Shew shall maintain a current and active license.

Mr. Shew shall pay a restitution of $150 to client.

Mr. Shew shall take and pass with a score of 90 percent or better a Board-approved ethics course.

Mr. Shew is prohibited from performing financial statement audit, review, or compilations until completing required continuing education courses for such practice and submitting proof of course completion.

Mr. Shew is required to reimburse the Board $10,000 for its investigation and prosecution costs.

Other standard terms of probation.

Effective October 20, 2006

For the purposes of settlement, Mr. Shew admits, as set forth in the accusation, that he accepted payment of $150 from a long-standing and elderly client for preparation of her 2002 personal income tax returns, but did not provide completed returns to her and was unresponsive to her requests for the returns.

Mr. Shew held out and practiced public accountancy beginning in at least 2001 under a firm name not registered with the Board and practiced with an expired license beginning on September 1, 2003, and did so without complying with the Board's requirements for continuing education.

Mr. Shew also failed to respond to Board inquiries regarding the client's complaint and failed to respond to Board inquiries regarding the nature and status of his practice.

Business and Professions Code, Division 3, Chapter 1, §§ 5050, 5051, 5060, 5100, and 5100(c), (g), (i), and (k). California Code of Regulations, Title 16, Division 1, §§ 52, 67, 87, and 94.

Revocation of CPA Certificate, via proposed decision. Reimburse the Board for investigative and prosecution costs.

Effective February 28, 1997

On July 25, 1994, Respondent was convicted of one count of income tax evasion and two counts of subscribing false tax returns. These felony convictions are substantially related to the qualifications, functions, and duties of a CPA.

Business and Professions Code, Division 3, Chapter 1, § 5100 (a).

Revocation of CPA Certificate, via default decision.

Effective August 25, 2006

Mr. Silva failed to make timely responses to Board inquiries made from the Board's Report Quality Monitoring Committee. This led to a referral for investigation of Mr. Silva's audit of Dynasty Escrow.

An investigation of the audit report concluded that the report issued by Mr. Silva contained extreme departures from professional standards. In addition, Mr. Silva was uncooperative during the investigation and failed to respond to multiple letters and a subpoena requesting that he provide the working papers that supported the audit report.

Business and Professions Code, Division 3, Chapter 1, §§ 5062 and 5100 (g). California Code of Regulations, Title 16, Division 1, § 52.

Revocation stayed, with three years' probation via stipulated settlement.

Mr. Skidmore shall at all times maintain an active license status with the Board, including during any period of probation.

Mr. Skidmore shall complete and provide proper documentation of 16 hours of continuing education courses.

Mr. Skidmore is required to reimburse the Board $11,000 for its investigation and prosecution costs.

Other standard terms of probation.

Effective June 23, 2006

For purposes of settlement, Mr. Skidmore agrees that at a hearing, complainant could establish a prima facie factual basis for the charges contained in Accusation AC-2005-33. These charges include that Mr. Skidmore committed an act of gross negligence for violating professional standards of practice by incorrectly preparing Internal Revenue Service Form 1120 for the fiscal year ended March 31, 2002, for Malibu Travel, Inc., Mr. Skidmore prepared the return subject to the tax rates as a regular C-Corporation when its corporate income was subject to the higher personal holding company tax rates.

The accusation further charged that Mr. Skidmore committed acts of dishonesty when he over billed a client for tax return preparation services, for her personal and corporation tax returns for tax years 1999 to 2001, by misrepresenting his tax return preparation time.

Business and Professions Code, Division 3, Chapter 1, § 5100 (c). California Code of Regulations, Title 16, Division 1, § 58.

License Revoked.

Effective September 15, 1993

Respondent was grossly negligent in the performance of an audit in that audit working papers were not retained for a reasonable time period, a required financial statement was not presented, and the auditor's report did not follow the proper form. Respondent's work papers did not document a proper study and evaluation of internal controls, audit planning, legal representation letter, and management representation letter. Further, Respondent practiced public accountancy under a fictitious name without Board approval.

Business and Professions Code, Division 3, Chapter 1, §§ 5100 (c), (f). California Code of Regulations, Title 16, Division 1, § 67.

Revocation stayed with three years’ probation, via stipulated settlement.

Mr. Sneathen is required to reimburse the Board $2,485 for its investigation and prosecution costs.

Other standard terms of probation.

Effective February 24, 2008

Accusation No. AC-2007-47 contains the following allegations:

Mr. Sneathen consented to suspension from practice before the Internal Revenue Service (IRS) for an indefinite period commencing January 18, 2006. Mr. Sneathen’s suspension by the IRS resulted from the following actions. Mr. Sneathen failed to timely file his Employer’s quarterly federal tax returns for numerous quarters in 2000 through 2004, incurring penalties for delinquency, failure to deposit, and failure to pay. Mr. Sneathen also had an outstanding balance and interest due for 2000, 2001, and 2002. Mr. Sneathen failed to report his suspension to the Board.

Business and Professions Code, Division 3, Chapter 1, §§ 5100(h) and 5063.

Revocation stayed, with three years' probation, via proposed decision.

Effective December 22, 2004

While on probation, Mr. Snell violated the terms of his probation in that he failed to obey all federal, state, and local laws, including those rules relating to the practice of public accountancy in California. He also failed to maintain an active license and failed to make scheduled cost reimbursement payments.

Violations of terms of probation.

Revocation stayed with three years' probation, via stipulated settlement.

Respondent to pay Citation No. CT-2000-69 in the amount of $2,510, including bank fee, and report the change of his address of record no later than 30 days from the effective date of this Disciplinary Order.

Suspension of practice until Respondent renews his license to an active status and then for an additional 60 days thereafter.

Respondent shall complete 80 hours of continuing professional education (CPE) within the first 12 months of probation. The CPE shall be in addition to the CPE requirement for relicensing.

Respondent shall take and pass with a score of 90 percent or better a Board-approved ethics examination within the first year of probation.

Respondent is required to reimburse the Board $3,500 for its investigation and prosecution costs.

Other standard terms and conditions.

Effective December 26, 2001

Respondent admits the charges set forth in Accusation No. AC-2001-17.

On or about June 12, 2000, Respondent was issued a citation for practicing public accountancy with an expired license, and for not advising the California Board of Accountancy, in writing, within 30 days of a change in his address of record.

The citation included an order for payment of a fine of $2,500. Respondent issued a $2,500 check; however, the check was returned for insufficient funds. Respondent was also ordered to cease and desist his practice as a CPA until his license was renewed, to provide the CBA written notice of his change of address, and to provide evidence of completing the 80-hour renewal requirement. Respondent did not comply with any of these orders contained in the citation.

Business and Professions Code, Division 3, Chapter 1, §§ 5050, 5100 (f) and (h). California Code of Regulations, Title 16, Division 1, §§ 3 and 95.4.

Also See:

Snyder, David Michael

Accusation filed.

Also See:

Snyder Accountancy A Professional Corporation

Accusation filed.

License Revoked.

Effective September 15, 1993

Respondent was grossly negligent in his preparation of tax returns in that he ignored the implication of tax information furnished and failed to make reasonable inquiries regarding information furnished which appeared to be incorrect, incomplete, or inconsistent either on its face or on the basis of other facts known to Respondent.

Business and Professions Code, Division 3, Chapter 1, § 5100 (c), (f), and (h).

License revoked.

Effective September 6, 1995

Respondent was grossly negligent in performing audit work for two entities in that the audit reports were defective and his working papers were deficient. Respondent issued an unqualified audit report and within a few months thereafter, both entities filed for Chapter 11 Bankruptcy. In addition, Respondent performed these audits and prepared the auditor's reports when he was not independent of these two.

On or about January 12, 1995, Respondent pled guilty and was convicted of aiding and abetting mail fraud.

Business and Professions Code § 5100 (c) (f) and (a). California Codes of Regulations, Title 16, Division 1, § 65.

Revocation of CPA Certificate, via stipulated settlement.

Respondent agrees that he cannot file a petition for reinstatement of his license for a period of 5 years from the effective date of the Board's Order.

Respondent further agrees that should he ever, at a future point, petition for reinstatement of his license, he will be subject to the payment of investigative and prosecution costs as a condition of any reinstatement or reduction of penalty.

Effective August 26, 1999

Respondent admits that on or about October 2, 1996, he was convicted of carjacking, in violation of California Penal Code § 215 (a) and one count of armed robbery, in violation of the California Penal Code §§ 211 and 12022.5.

These violations are found to be substantially related to the practice, functions, and duties of a Certified Public Accountant.

Business and Professions Code, Division 3, Chapter 1, § 5100 (a) and Division 1.5, Chapter 3, § 490.

Revocation of CPA Certificate, via default decision.

Effective April 25, 1999

While on probation, Respondent violated the terms of his probation in that he failed to do the following: submit written reports, make personal appearances, cooperate with probation monitoring, and make cost recovery reimbursement payments.

Respondent violated terms 2, 3, 4, and 10 of the Stipulation Decision and Order effective August 28, 1997.

Revocation stayed, three years' probation, via stipulated decision.

Probation terms include: Reimbursement of investigative costs; completion of an ethics course; completion of 40-hour core course in addition to the basic 80-hour requirement; any audits or reviews performed by the Respondent during the period of probation shall be reviewed by another CPA before release of the audit or review; other standard terms of probation.

Effective August 28, 1997

Respondent admits the charges contained in the Accusation. In 1994, Respondent was engaged by his client to perform an audit and prepare the annual tax returns and was paid a retainer. Respondent failed to perform the audit or prepare the returns. Furthermore, Respondent failed to return the client's original source documents for a period of approximately three months after the client requested their return.

Respondent was engaged by another client to perform a review and an audit for two entities and prepare the related tax returns for 1993. Respondent was compensated for these services. Respondent issued the review and audit reports but failed to prepare the tax returns. Respondent failed to return the client's records for approximately two months after the client's written request for their return. The review and audit performed by the Respondent were found to contain extreme departures from the standards of practice. During 1993, Respondent falsely represented himself at a speaking engagement in an attempt to gain business in the litigation support field.

Business and Professions Code, Division 3, Chapter 1, §§ 5037 (b), 5062, 5100, 5100 (c), (f), and Division 7, Part 3, Chapter 1, § 17500. California Code of Regulations, Title 16, Division 1, §§ 58, 63, and 68.

License revoked.

Respondent is required to reimburse the Board for investigative costs.

Effective May 27, 1995

The Respondent took advantage of the lack of sophistication in financial matters of two clients in order to obtain loans from these elderly clients. He substantially failed to repay these loans. Further, the Respondent engaged in the practice of public accountancy and in another business or occupation which impaired his objectivity and created a conflict of interest in rendering professional services.

The Respondent practiced public accounting as a sole practitioner while using a plural designation and practiced under a fictitious name without properly registering the name with the Board of Accountancy.

Business and Professions Code, Division 3, Chapter 1, § 5100 (f), (h), and (h)(2). California Code of Regulations, Title 16, Division 1, §§ 50, 57, 66, and 67.

Revocation of CPA Certificate, via default decision.

Effective April 22, 2005

Ms. Strawn engaged in the practice of public accountancy during the period her license was in an expired status. Ms. Strawn's license expired March 1, 2001, and has not been renewed. Ms. Strawn also failed to respond to multiple Board inquiries and a subpoena. In addition, Ms. Strawn failed to notify the Board of her change of address.

Business and Professions Code, Division 3, Chapter 1, §§ 5050 and 5100 (g). California Code of Regulations, Title 16, Division 1, §§ 3 and 52.

Revocation of CPA Certificate, via stipulated decision.

If Respondent ever reapplies for licensure with the Board, he must meet all current requirements for licensure at the time of his re-application and reimburse the Board for all costs in this proceeding as a prerequisite to re-licensure.

Effective January 1, 1998

Mr. Streich admits that he breached his fiduciary duty with respect to his clients. The circumstances are that Mr. Streich made a business arrangement with a third party in which he agreed to raise several hundred thousand dollars in investor loans in return for the third party's investment in one of the Mr. Streich's business ventures.

Mr. Streich subsequently contacted three accounting clients and suggested that they loan money to the third party. Mr. Streich advised his clients that they would receive substantial return on their money, that their loans would be secured by stock valued in excess of $1 million, and that the stock would be held in trust by him until the loans were repaid. Based on the Mr. Streich's promises of high return and investment security, two of his clients invested $100,000 and $50,000, respectively.

These monies were channeled through the Mr. Streich who, in turn forwarded the monies on to the third party without confirming the existence of the alleged security. Mr. Streich's clients subsequently lost their investments; however, Mr. Streich ultimately reimbursed his clients a total of $62,750.

Business and Professions Code, Division 3, Chapter 1, § 5100 (h) and (j).

Respondent shall be prohibited from performing audits until such a time, if ever, Respondent successfully petitions the Board for the reinstatement of his ability to perform audits.

Effective June 8, 1997