BOCA RATON, Fla., July 25, 2012 (GLOBE NEWSWIRE) -- Silver Law Group (www.silverlaw.com) is a leader in the field of financial arbitration and litigation, representing, on a contingency fee basis, aggrieved clients who have lost money at the hands of trusted investment advisors, financial professionals, and financial institutions.

Silver Law Group is investigating Matthew G. Weber, C.P.A., an accountant and former partner at the New York-based accounting firm of Citrin Cooperman & Company. On July 10, 2012, Mr. Weber was indicted by a grand jury in Manhattan and arraigned on multiple charges of grand larceny and repeated failures to file personal income and earnings taxes.  To perpetrate his scheme, Mr. Weber (amongst other accusations) purportedly converted funds wired by clients to "Matthew G. Weber c/o Citrin Cooperman" to pay for their personal and business-related taxes and grossly under-reported the clients' taxable income -- sometimes by as much as 90% -- flagrantly violating the law. Instead of directing those client funds to the appropriate tax authorities, Mr. Weber allegedly used those funds for his own personal purposes. Mr. Weber is also believed to have provided clients false documentation to mislead and defraud them. Among the unsuspecting clients Mr. Weber is alleged to have defrauded are educated professionals and several trusts and estates to which Mr. Weber was appointed a representative by a court of law. At a time when Mr. Weber was assigned to protect the assets of those entities, he was allegedly stealing from them.

Citrin Cooperman, an independent accounting, tax, and consulting firm associated with Moore Stephens International Limited -- which identifies itself as "one of the world's major accounting and consulting networks" -- was not named in the indictment. However, Mr. Weber, who joined Citrin Cooperman in 2004, is alleged to have used his position at Citrin Cooperman to commit his crimes under the guise of providing clients professional services. In pursuing his scheme, Mr. Weber utilized Citrin Cooperman letterhead and e-mail when communicating with clients, the clients' business associates, attorneys, and multiple government agencies, including the Internal Revenue Service and state and local taxing authorities.

If Mr. Weber has provided you services concerning your taxes, tax payments, or possibly other financial matters; and you would like to talk to an attorney regarding your legal rights, please contact David C. Silver for additional information:

  David C. Silver, Esq.  
  Silver Law Group  
  Toll Free: (855) 755-4799  
  dsilver@silverlaw.com  
  www.silverlaw.com  
  www.silverlaw.com/current-investigations/citrin  

The Silver Law Group logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=13647