Southern Florida Firm Implodes After Scandal IPA Top 100 Swoops Down To Rescue Key Talent

Coral Gables, Fla.-based Berenfeld, Spritzer, Shechter and Sheer (FY09 estimated net revenue of $26.9 million), the firm that did Scott Rothstein’s taxes, officially closed Dec. 20.

Berenfeld provided tax accounting services for high-profile attorney Scott Rothstein, who pleaded guilty in January 2010 to five federal charges of racketeering, money laundering and fraud in a $1.2 billion Ponzi scheme.

In November, Berenfeld agreed to a $10 million settlement of malpractice lawsuits brought by investors in Rothstein’s Ponzi scheme against the accounting firm, a bank where Rothstein had accounts and other defendants.

According to reports, 14 partners and 100 staff from Berenfeld will be joining Richmond, Va.-based Cherry Bekaert & Holland LLP (FY10 net revenue of $98.4 million) effective immediately.

Joining CB&H are former Berenfeld partners Michael Spritzer, Emery Sheer, Philip Shechter, Marc Berenfeld, Ana Martinez, Madeline Elias, Monte Gordon, Mike Everett, Vicki Simmons-Hinz, Gus Perez, Isabel Goldberg, Bob Bedwell, Jeff Lefcourt and Jack Yesner. nIPA