June 21, 2014 |
ParenteBeard , a Philadelphia-based accounting firm that employs nearly 1,000 CPAs and staff at offices across Pennsylvania and in the New York area, Baltimore, and Dallas, has been in merger talks with Baker, Tilly, Virchow, Krause L.L.P. , a Chicago firm that employs 1,500, both firms confirmed Thursday after I called to ask about staff memos detailing the discussions. The proposal would result in ParenteBeard's being merged into the larger firm, under the Chicago firm's name and leadership.
June 20, 2014 |
Christopher David Crafton, 49, of Upper Darby, a public relations and marketing specialist and a drummer in local bands, died Friday, June 13, at his home. The cause of death was pending, said David Faust of Faust Funeral Home in Penndel. Mr. Crafton was president of his own marketing company, Crafton Consulting in Upper Darby. He also had worked for Independence LED Lighting and MarketMakers Group, both in Wayne, and Ubiquity, a design and advertising firm in Philadelphia. In his spare time, Mr. Crafton, played drums in local reggae and rock bands.
June 19, 2014 |
After nearly six months of testimony and an exhausting presentation of bank documents, wiretap recordings, and PowerPoint slides, the mortgage-fraud trial involving Nicodemo Scarfo Jr., son of jailed Philadelphia mob boss Nicodemo "Little Nicky" Scarfo, is headed to jurors. Scarfo and alleged mob associate Salvatore Pelullo are charged with taking over the Texas-based FirstPlus Financial mortgage company and looting its shareholders of $12 million. A former CEO of the company and four lawyers who worked with the men were also charged.
June 12, 2014
J ONATHAN BARSADE, 52, of Wynnewood, is founder and CEO of Exactor, an online provider of tax-compliance solutions for firms that do business in multiple states. Barsade, a former tax lawyer, started Exactor in 2006. He invested more than $1 million to get the business running. Exactor has 25 employees, mostly in Philly and Miami, and 5,000 clients. Q: How did you come up with the idea for Exactor? A: My background is as a tax attorney and I published a lot about the borderless environment the Internet was creating and e-commerce was still nascent.
June 6, 2014 |
The City of Chicago is suing two Chester County drug companies that it claims orchestrated a deceptive marketing campaign to hide the dangers of painkillers, contributing to a national opioid-addiction crisis. The marketing tactics used by Malvern-based Endo Health Solutions and Frazer-based Cephalon were so successful that over two decades, opioids went from being rarely used to the most prescribed type of drug, the suit alleges. "Their deceptive messages tainted virtually every source doctors could rely on for information and prevented them from making informed treatment decisions," says the suit, filed Monday in an Illinois state court.
June 6, 2014 |
LOUIS AGNES didn't hesitate to get his hands dirty. From the time he was old enough to pick up a hammer, he worked in the small construction company founded in 1918 by his father, Pellegrino Agnes, an Italian immigrant. He worked side by side with his father as they sought to make a success of the struggling company, always keeping in mind the values of honesty and hard work that would characterize the family and the company through the decades. Today, P. Agnes Builders is one of the region's most prominent and busiest construction companies, with numerous multimillion-dollar projects.
June 1, 2014 |
State Sen. Anthony H. Williams isn't quite running for mayor of Philadelphia yet. But he held a meeting Friday afternoon with various city, labor, and business leaders to sell them on the idea that he ought to. As though to underline the point, the West Philadelphia Democrat showcased his campaign advisers: 270 Strategies, based in Washington, widely credited with masterminding the grassroots efforts that were part of President Obama's campaigns....
May 30, 2014 |
HOW DOES a mob-connected fraudster - who allegedly kept deer blood at his South Philly auto-body shop to stage fake "Hollywood" accidents - land a $1.8 million city contract to fix cop cars and other vehicles? This is Philadelphia. He knew a guy. "We are here today to announce the arrest - once again - of Ron Galati Sr. and his co-conspirators for a nearly $5 million insurance-fraud scheme," District Attorney Seth Williams said yesterday, before delving into the latest round of charges against Galati.
May 27, 2014 |
FormDs.com helps keep tabs on growing businesses, hedge funds, and private-equity firms. One shop we noticed on its radar is Hirtle, Callaghan & Co., the West Conshohocken investment advisory firm that pioneered the "outsourced chief investment officer. " Hirtle Callaghan supervises $24 billion for families, endowments, foundations, pension funds, and health-care organizations. Rather than pick stocks, it picks portfolio managers and allocates capital. Jonathan J. Hirtle, cofounder and chief executive officer, confirmed that his shop has a number of new vehicles, such as Hirtle Callaghan Special Opportunities SPC Closed-End Segregated Portfolio.
May 21, 2014 |
A Chester County company was charged Monday with defrauding Philadelphia of more than $500,000 through inflated billings for unapproved products, federal prosecutors said. Airmatic Inc. of Malvern, which had contracts with the city to supply industrial products and repair parts, is charged with one count of mail fraud. The company was charged in an information, which generally indicates a defendant is expected to plead guilty. Airmatic faces a maximum sentence of five years' probation, court-ordered restitution, a fine of $500,000 or twice the company's alleged illegal profit, and a $400 special assessment.