2010 Disciplinary Actions 


October

Thomas M. Ariola, Jr. of Waterbury, Connecticut
As a result of a decision by a hearing panel of the Joint Trial Board, Mr. Ariola’s AICPA membership was terminated effective July 2, 2010. Mr. Ariola was found guilty of violating AICPA Bylaw 7.4.6 by failing to cooperate with the Ethics Charging Authority in an investigation of his professional conduct.

Philip J. Katz of Brooklyn, New York
As a result of a decision by a hearing panel of the Joint Trial Board, Mr. Katz’ AICPA membership was terminated effective July 2, 2010. Mr. Katz was found guilty of violating Rule 501 – Acts Discreditable of the AICPA’s Code of Professional Conduct by failing to comply with the directives of a previous hearing panel’s decision.

William B. Katz of Brooklyn, New York
As a result of a decision by a hearing panel of the Joint Trial Board, Mr. Katz’ AICPA membership was terminated effective July 2, 2010. Mr. Katz was found guilty of violating Rule 501 – Acts Discreditable of the AICPA’s Code of Professional Conduct by failing to comply with the directives of a previous hearing panel’s decision.

Steven S. Gallers of Tamarac, Florida
As a result of a decision by a hearing panel of the Joint Trial Board, Mr. Gallers’ AICPA membership was terminated effective July 8, 2010. Mr. Gallers was found guilty of violating AICPA Bylaw 7.4.6 for failing to comply with the terms of a settlement agreement.

James T. Jubb of Baltimore, Maryland
As a result of a decision by a hearing panel of the Joint Trial Board, Mr. Jubb’s AICPA membership was terminated effective July 2, 2010. Mr. Jubb was found guilty of violating AICPA Bylaw 7.4.6 by failing to cooperate with the Ethics Charging Authority in an investigation of his professional conduct.

David Monaghan of Tulsa, Oklahoma
As a result of a decision by a hearing panel of the Joint Trial Board, Mr. Monaghan’s AICPA membership was terminated effective July 8, 2010.  Mr. Monaghan was found guilty of violating AICPA Bylaw 7.4.6 for failing to cooperate with the Ethics Charging Authority by not providing a substantive response to communications. 

Hugh B. Webster of Yanceyville, North Carolina
As a result of a decision by a hearing panel of the Joint Trial Board, Mr. Webster’s AICPA membership was terminated effective July 8, 2010. Mr. Webster was found guilty of violating AICPA Bylaw 7.4.6 by failing to cooperate with the Ethics Charging Authority in an investigation of his professional conduct.

Mark Bloom of New York, New York
Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Bloom’s AICPA membership was terminated, effective July 20, 2010, as a result of the SEC barring Mr. Bloom from association with any investment adviser and suspending him from appearing or practicing before the Commission as an accountant. This decision was based on the SEC’s findings that Mr. Bloom pled guilty to the allegations, inter alia, that he defrauded investors and obtained money and property by means of materially false and misleading statements; he used the United States mails to send false account statements; he caused commercial interstate carriers to deliver investors’ checks to him via wire; transferred investor funds to unlawfully renovate his home and purchase artwork and jewelry; and obstructed the internal revenue laws by, among other things, promoting tax shelters.

Peter S. Bromberg of Ft. Lauderdale, Florida
Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Bromberg’s AICPA membership was terminated, effective June 11, 2010, because of a final judgment of conviction for a crime punishable by imprisonment for more than one year.Mr. Bromberg pled guilty to violating Title 15, U.S.C. 78m(a), 78ff; 17 CFR 240.12b-20, 240.13a-1371, False Statements in a Report Filed with the United States Securities and Exchange Commission.

John A. Campbell of Kalamazoo, Michigan
Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Campbell’s AICPA membership was terminated, effective June 29, 2010, because of a final judgment of conviction for a crime punishable by imprisonment for more than one year.Mr. Campbell pled guilty to violating Title 18, U.S.C. Section 371, Conspiracy to Defraud the United States.

Daniel Chiu of Jersey City, New Jersey
Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Chiu’s AICPA membership was terminated, effective August 9, 2010, because of a final judgment of conviction for a crime punishable by imprisonment for more than one year.Mr. Chiu pled guilty to violating Title 18, U.S.C. Section 1343, Wire Fraud.

Catherine Fang of Plano, Texas
Under the automatic disciplinary provisions of the Institute’s bylaws, Ms. Fang’s AICPA membership was terminated, effective July 21, 2010, as a result of the SEC denying her the privilege of appearing or practicing before the Commission as an accountant. This decision was based on the SEC’s findings that Ms. Fang engaged in improper professional conduct pursuant to Rule 102(e)(1)(ii) of the Commission’s Rules of Practice by repeatedly failing to perform in accordance with applicable professional standards in her audit of a public company she audited from November 2005 through February 2009.

Thomas P. Flanagan of Chicago, Illinois
Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Flanagan’s AICPA membership was terminated, effective August 9, 2010, as a result of the SEC denying him the privilege of appearing or practicing before the Commission as an accountant. This decision was based on the SEC’s allegations that while a partner and Vice Chairman of a “Firm”, he traded in the securities of multiple “Firm” clients on the basis of inside information that he learned through his duties as a “Firm’s” partner.

Lawrence Goldman of Hagerstown, Maryland
Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Goldman’s AICPA membership was terminated, effective June 22, 2010, following revocation of his CPA certificate and license to practice by the Pennsylvania State Board of Accountancy in connection with his guilty plea to a felony charge of voluntary manslaughter.

Wanda Joyce Smithson of Leoma, Tennessee
Under the automatic disciplinary provisions of the Institute’s bylaws, Ms. Smithson’s AICPA membership was terminated, effective August 9, 2010, as a result of the Alabama State Board of Public Accountancy revoking her CPA certificate and permit to practice based on acts that resulted in the revocation of her authority to practice as a CPA in another state, and for failing to respond to the Board’s communication.

David C. Sullivan of Indianapolis, Indiana
Under the automatic disciplinary provisions of the Institute’s bylaws, Mr. Sullivan’s AICPA membership was terminated, effective June 11, 2010, because of a final judgment of conviction for a crime punishable by imprisonment for more than one year.Mr. Sullivan pled guilty to violating Title 18, U.S.C. Section 1343, Fraud by Wire, Radio, or Television.


 




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