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BDO USA, LLP
BDO USA, LLP is the United States member firm of BDO International, a global accounting network. The company is headquartered in Chicago. The firm adopted its current moniker in 1973, each letter corresponding to a surname of an original founder of the corporation: Binder, Dijker, and Otte. History BDO USA, LLP was founded as Seidman and Seidman in New York City in 1910 by three immigrant brothers: Maximillian L. Seidman, Francis E. Seidman, and Jacob S. Seidman. At that time the accounting profession was in its infancy, with fewer than 2,200 practicing CPAs in the United States. Shortly thereafter in 1913, the 16th Amendment to the United States Constitution was ratified, followed by the Revenue Act of 1913 with new impositions of U.S. federal income tax enacted by Congress in that year. M. L. Seidman saw the potential of the accountant's role to provide tax services to individuals. By 1917, Congress enacted the first revenue bills and the U.S. entry into World War I created th ...
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One Prudential Plaza
One Prudential Plaza (formerly known as the Prudential Building) is a 41-story structure in Chicago completed in 1955 as the headquarters for Prudential's Mid-America company. It was the first skyscraper built in Chicago since the Great Depression of the 1930s and the Second World War. The plaza, including a second building erected in 1990, is owned by BentleyForbes and a consortium of New York investors, since the Great Recession of the early 21st century. History of construction The structure was significant as the first new downtown skyscraper constructed in Chicago since the Field Building, 21 years earlier and was built on air rights over the Illinois Central Railroad. It was the last building ever connected to the Chicago Tunnel Company's tunnel network. When the Prudential was finished it had the highest roof in Chicago with only the statue of Ceres on the Chicago Board of Trade higher. Its mast served as a broadcasting antenna for Chicago's WGN-TV. The architect w ...
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Rockford, Illinois
Rockford is a city in Winnebago County, Illinois, located in the far northern part of the state. Situated on the banks of the Rock River, Rockford is the county seat of Winnebago County (a small portion of the city is located in Ogle County). The largest city in Illinois outside of the Chicago metropolitan area, Rockford is the fifth-largest city in the state and the 171st most populous in the United States. According to 2020 U.S. Census data, the City of Rockford had a population of 148,655 with an outlying metropolitan area population of 348,360. Settled in the mid-1830s, the position of the city on the Rock River made its location strategic for industrial development. In the second half of the 19th century, Rockford was notable for its output of heavy machinery, hardware and tools; by the twentieth century, it was the second leading center of furniture manufacturing in the nation, and 94th largest city. During the second half of the 20th century, Rockford struggled alongs ...
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BDO Global
BDO (an acronym for Binder Dijker Otte) is an international network of public accounting, tax, consulting and business advisory firms that provide professional services under the name BDO. It is the fifth-largest accounting network in the world. Global fee income of the member firms in the network for the year ended 30 September 2021, including the members of their exclusive alliances, totaled US$11.8 billion. Each BDO member firm is an independent legal entity in its own country. The network, founded in 1963 as Binder Seidman International Group by firms from Canada, Germany, the Netherlands, the UK and the US, is coordinated by BDO Global Coordination B.V., with an office in Zaventem, Belgium. In 1973, the organisation adopted the name BDO, made up from the initials of the three founding firms: Binder (UK), Dijker (Netherlands) and Otte (Germany). Australia Established in 1975, BDO Australia has offices in Brisbane, Cairns, Sunshine Coast, Sydney, Melbourne, Hobart, Ad ...
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Time (magazine)
''Time'' (stylized in all caps) is an American news magazine based in New York City. For nearly a century, it was published Weekly newspaper, weekly, but starting in March 2020 it transitioned to every other week. It was first published in New York City on March 3, 1923, and for many years it was run by its influential co-founder, Henry Luce. A European edition (''Time Europe'', formerly known as ''Time Atlantic'') is published in London and also covers the Middle East, Africa, and, since 2003, Latin America. An Asian edition (''Time Asia'') is based in Hong Kong. The South Pacific edition, which covers Australia, New Zealand, and the Pacific Islands, is based in Sydney. Since 2018, ''Time'' has been published by Time USA, LLC, owned by Marc Benioff, who acquired it from Meredith Corporation. History ''Time'' has been based in New York City since its first issue published on March 3, 1923, by Briton Hadden and Henry Luce. It was the first weekly news magazine in the United St ...
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Ascot Partners
Ascot Partners is a hedge fund that was a feeder fund to Bernie Madoff. It is headed by money manager and financier J. Ezra Merkin as general partner. It was managed by Gabriel Capital Corporation, of which Merkin was chairman. Among its investors were Yeshiva University and New York University. The hedge fund lost $1.8 billion in the Bernie Madoff Ponzi scheme. See also *List of investors in Bernard L. Madoff Securities Investors in Bernard L. Madoff Investment Securities LLC lost billions of dollars in the Madoff investment scandal, a Ponzi scheme fraud conducted by Bernard Madoff. The amount missing from client accounts, over two thirds of which were fabricat ... References {{Madoff investment scandal Madoff investment scandal ...
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New York Law School
New York Law School (NYLS) is a private law school in Tribeca, New York City. NYLS has a full-time day program and a part-time evening program. NYLS's faculty includes 54 full-time and 59 adjunct professors. Notable faculty members include Edward A. Purcell Jr., an authority on the history of the United States Supreme Court, and Nadine Strossen, constitutional law expert and president of the American Civil Liberties Union from 1991 to 2008. Prominent NYLS alumni include Maurice R. Greenberg, former Chairman and CEO of American International Group Inc. and current Chairman and CEO of C.V. Starr and Co. Inc.; Charles E. Phillips Jr., CEO of Infor and former President of Oracle; and Judith "Judge Judy" Sheindlin, New York family court judge, author, and television personality. Other past graduates include United States Supreme Court Justice John Marshall Harlan II and Wallace Stevens, the Pulitzer Prize-winning poet. According to ABA-required disclosures, 88.2% of the NYLS c ...
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Bernard Madoff
Bernard Lawrence Madoff ( ; April 29, 1938April 14, 2021) was an American fraudster and financier who was the admitted mastermind of the largest Ponzi scheme in history, worth about $64.8 billion. He was at one time chairman of the NASDAQ stock exchange. He advanced the proliferation of electronic trading platforms and the concept of payment for order flow, which has been described as a "legal kickback." Madoff founded a penny stock brokerage in 1960, which eventually grew into Bernard L. Madoff Investment Securities. He served as the company's chairman until his arrest on December 11, 2008. That year, the firm was the 6th-largest market maker in S&P 500 stocks. At the firm, he employed his brother Peter Madoff as senior managing director and chief compliance officer, Peter's daughter Shana Madoff as the firm's rules and compliance officer and attorney, and his now deceased sons Mark Madoff and Andrew Madoff. Peter was sentenced to 10 years in prison in 2012, and Mark hange ...
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Natwar Gandhi
Natwar Gandhi is an American accountant, and was chief financial officer, for the District of Columbia, from 2007 to 2013. Biography Gandhi was born in Mumbai, India. He graduated from University of Bombay, Atlanta University, and Louisiana State University. He started to work in 1957. He was special assistant to Jim Florio. He was assistant professor of accounting at the University of Pittsburgh. From 1976 until 1998, he was an adjunct professor at American University, Georgetown University, and the University of Maryland. He was the chief financial officer, for the District of Columbia, from 2007 to 2013. In October 2012, SEC has launched an inquiry into audits handled by the D.C. Office of the Chief Financial Officer, requesting all reports from the office's internal affairs unit dating to January 2010. ''The Washington Post'' story highlighted that "Gandhi has come under intense scrutiny in recent weeks because of his long-standing policy of keeping the audits out of pu ...
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Property Tax
A property tax or millage rate is an ad valorem tax on the value of a property.In the OECD classification scheme, tax on property includes "taxes on immovable property or net wealth, taxes on the change of ownership of property through inheritance or gift and taxes on financial and capital transactions" (see: ), but this article only covers taxes on realty. The tax is levied by the governing authority of the jurisdiction in which the property is located. This can be a national government, a federated state, a county or geographical region or a municipality. Multiple jurisdictions may tax the same property. Often a property tax is levied on real estate. It may be imposed annually or at the time of a real estate transaction, such as in real estate transfer tax. This tax can be contrasted to a rent tax, which is based on rental income or imputed rent, and a land value tax, which is a levy on the value of land, excluding the value of buildings and other improvements. Under a p ...
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National Mortgage Settlement
The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate, refers to a widespread epidemic of improper foreclosures initiated by large banks and other lenders. The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks—including Bank of America, JP Morgan, Wells Fargo, and Citigroup—responded by halting their foreclosure proceedings temporarily in some or all states. The foreclosure crisis caused significant investor fear in the U.S. A 2014 study published in the ''American Journal of Public Health'' linked the foreclosure crisis to an increase in suicide rates. One out of every 248 households in the United States received a foreclosure notice in September 2012, according to RealtyTrac. Robo-signing controversy "Robo-signing" is a term used by consumer advocates to describe the rubber-stamp process of mass production of false and forged execution of mortgage assignments, s ...
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Gardner, Massachusetts
Gardner, officially the City of Gardner, is a city in Worcester County in the Commonwealth of Massachusetts, United States. The population was 21,287 in the 2020 census. Gardner is home of such sites as the Blue Moon Diner, Dunn State Park, Gardner Heritage State Park, and Mount Wachusett Community College. History Named in honor of Thomas Gardner, the land was first settled by Europeans in 1764 and was officially incorporated as a town in 1785, after receiving land grants from the surrounding towns of Ashburnham, Templeton, Westminster, and Winchendon. In circa 1805, Gardner became a center for lumber and furniture industries, and is now known as "The Chair City" and "The Furniture Capital of New England", due to its long history of production in that industry. By 1910, there were twenty chair factories, which produced four million chairs per year. It was also noted for silversmithing. The Gardner State Hospital pioneered the use of cottage residences. In 1922, the seal ...
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