U.S. Fraud and Enforcement Actions | Marcum LLP

<!DOCTYPE html> <html class="no-js" lang="en"> <head> <meta name="google-site-verification" content="QKVrMBRvAJ4o9tEpLetWU9Pv5W0zqi-ZrjKAyYxTdBU" />  <script>(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src= 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-PLCJXCD');</script>  <meta charset="utf-8"> <meta http-equiv="x-ua-compatible" content="ie=edge"> <meta name="viewport" content="width=device-width,initial-scale=1.0,minimum-scale=1.0" /> <meta name='robots' content='index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1' />  <meta property="og:locale" content="en_US" /> <meta property="og:type" content="article" /> <meta property="og:title" content="U.S. Fraud and Enforcement Actions" /> <meta property="og:description" content="Despite the economic slowdown that occurred in 2020 due to the coronavirus pandemic, we saw the first and second largest Foreign Corrupt Practices Act penalties of all time." /> <meta property="og:url" content="https://www.marcumllp.com/insights/us-fraud-and-enforcement-actions" /> <meta property="og:site_name" content="Marcum LLP" /> <meta property="og:updated_time" content="2023-06-29T07:20:31+00:00" /> <meta property="article:published_time" content="2021-05-24T09:17:28+00:00" /> <meta property="article:modified_time" content="2023-06-29T07:20:31+00:00" /> <meta name="twitter:card" content="summary_large_image" /> <meta name="twitter:title" content="U.S. Fraud and Enforcement Actions" /> <meta name="twitter:description" content="Despite the economic slowdown that occurred in 2020 due to the coronavirus pandemic, we saw the first and second largest Foreign Corrupt Practices Act penalties of all time." /> <meta property="og:image" content="https://www.marcumllp.com/wp-content/uploads/insights-fraud-enforcement-actions.jpg" /> <meta name="twitter:image" content="https://www.marcumllp.com/wp-content/uploads/insights-fraud-enforcement-actions.jpg" /> <meta property="og:image:width" content="960" /> <meta property="og:image:height" content="600" />   <title>U.S. Fraud and Enforcement Actions | Marcum LLP | Accountants and Advisors</title> <meta name="description" content="Despite the economic slowdown that occurred in 2020 due to the coronavirus pandemic, we saw the first and second largest Foreign Corrupt Practices Act penalties of all time." /> <link rel="canonical" href="https://www.marcumllp.com/insights/us-fraud-and-enforcement-actions" /> <meta name="twitter:label1" content="Est. reading time" /> <meta name="twitter:data1" content="4 minutes" /> <script type="application/ld+json" class="yoast-schema-graph">{"@context":"https://schema.org","@graph":[{"@type":"Article","@id":"https://www.marcumllp.com/insights/us-fraud-and-enforcement-actions#article","isPartOf":{"@id":"https://www.marcumllp.com/insights/us-fraud-and-enforcement-actions"},"author":{"name":"Marcum LLP","@id":"https://www.marcumllp.com/#/schema/person/331f7833a1de94974bda0173cdf0ab4d"},"headline":"U.S. Fraud and Enforcement Actions","datePublished":"2021-05-24T13:17:28+00:00","dateModified":"2023-06-29T11:20:31+00:00","mainEntityOfPage":{"@id":"https://www.marcumllp.com/insights/us-fraud-and-enforcement-actions"},"wordCount":828,"publisher":{"@id":"https://www.marcumllp.com/#organization"},"inLanguage":"en-US"},{"@type":"WebPage","@id":"https://www.marcumllp.com/insights/us-fraud-and-enforcement-actions","url":"https://www.marcumllp.com/insights/us-fraud-and-enforcement-actions","name":"U.S. Fraud and Enforcement Actions | Marcum LLP | Accountants and Advisors","isPartOf":{"@id":"https://www.marcumllp.com/#website"},"datePublished":"2021-05-24T13:17:28+00:00","dateModified":"2023-06-29T11:20:31+00:00","description":"Despite the economic slowdown that occurred in 2020 due to the coronavirus pandemic, we saw the first and second largest Foreign Corrupt Practices Act penalties of all time.","breadcrumb":{"@id":"https://www.marcumllp.com/insights/us-fraud-and-enforcement-actions#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https://www.marcumllp.com/insights/us-fraud-and-enforcement-actions"]}]},{"@type":"BreadcrumbList","@id":"https://www.marcumllp.com/insights/us-fraud-and-enforcement-actions#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://www.marcumllp.com/"},{"@type":"ListItem","position":2,"name":"U.S. Fraud and Enforcement Actions"}]},{"@type":"WebSite","@id":"https://www.marcumllp.com/#website","url":"https://www.marcumllp.com/","name":"Marcum LLP","description":"","publisher":{"@id":"https://www.marcumllp.com/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://www.marcumllp.com/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https://www.marcumllp.com/#organization","name":"Marcum LLP","url":"https://www.marcumllp.com/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https://www.marcumllp.com/#/schema/logo/image/","url":"https://www.marcumllp.com/wp-content/uploads/marcum-llp-logo.png","contentUrl":"https://www.marcumllp.com/wp-content/uploads/marcum-llp-logo.png","width":344,"height":88,"caption":"Marcum LLP"},"image":{"@id":"https://www.marcumllp.com/#/schema/logo/image/"},"sameAs":["https://www.facebook.com/MarcumLLP","https://x.com/MarcumLLP","https://www.instagram.com/MarcumLLP/","https://www.linkedin.com/company/marcum-llp/","https://www.youtube.com/user/MarcumLLP"]},{"@type":"Person","@id":"https://www.marcumllp.com/#/schema/person/331f7833a1de94974bda0173cdf0ab4d","name":"Marcum LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https://www.marcumllp.com/#/schema/person/image/","url":"https://secure.gravatar.com/avatar/d9fa5416d2caf79e9f837a7dd4403905?s=96&d=mm&r=g","contentUrl":"https://secure.gravatar.com/avatar/d9fa5416d2caf79e9f837a7dd4403905?s=96&d=mm&r=g","caption":"Marcum LLP"}}]}</script>  <link rel='dns-prefetch' href='//ajax.googleapis.com' /> <link rel='dns-prefetch' href='//fonts.googleapis.com' /> <style id='classic-theme-styles-inline-css' type='text/css'> /** * These rules are needed for backwards compatibility. * They should match the button element rules in the base theme.json file. */ .wp-block-button__link { color: #ffffff; background-color: #32373c; border-radius: 9999px; /* 100% causes an oval, but any explicit but really high value retains the pill shape. */ /* This needs a low specificity so it won't override the rules from the button element if defined in theme.json. */ box-shadow: none; text-decoration: none; /* The extra 2px are added to size solids the same as the outline versions.*/ padding: calc(0.667em + 2px) calc(1.333em + 2px); font-size: 1.125em; } .wp-block-file__button { background: #32373c; color: #ffffff; text-decoration: none; } </style> <style id='global-styles-inline-css' type='text/css'> :root{--wp--preset--aspect-ratio--square: 1;--wp--preset--aspect-ratio--4-3: 4/3;--wp--preset--aspect-ratio--3-4: 3/4;--wp--preset--aspect-ratio--3-2: 3/2;--wp--preset--aspect-ratio--2-3: 2/3;--wp--preset--aspect-ratio--16-9: 16/9;--wp--preset--aspect-ratio--9-16: 9/16;--wp--preset--color--black: #000000;--wp--preset--color--cyan-bluish-gray: #abb8c3;--wp--preset--color--white: #ffffff;--wp--preset--color--pale-pink: #f78da7;--wp--preset--color--vivid-red: #cf2e2e;--wp--preset--color--luminous-vivid-orange: #ff6900;--wp--preset--color--luminous-vivid-amber: #fcb900;--wp--preset--color--light-green-cyan: #7bdcb5;--wp--preset--color--vivid-green-cyan: #00d084;--wp--preset--color--pale-cyan-blue: #8ed1fc;--wp--preset--color--vivid-cyan-blue: #0693e3;--wp--preset--color--vivid-purple: #9b51e0;--wp--preset--gradient--vivid-cyan-blue-to-vivid-purple: linear-gradient(135deg,rgba(6,147,227,1) 0%,rgb(155,81,224) 100%);--wp--preset--gradient--light-green-cyan-to-vivid-green-cyan: linear-gradient(135deg,rgb(122,220,180) 0%,rgb(0,208,130) 100%);--wp--preset--gradient--luminous-vivid-amber-to-luminous-vivid-orange: linear-gradient(135deg,rgba(252,185,0,1) 0%,rgba(255,105,0,1) 100%);--wp--preset--gradient--luminous-vivid-orange-to-vivid-red: linear-gradient(135deg,rgba(255,105,0,1) 0%,rgb(207,46,46) 100%);--wp--preset--gradient--very-light-gray-to-cyan-bluish-gray: linear-gradient(135deg,rgb(238,238,238) 0%,rgb(169,184,195) 100%);--wp--preset--gradient--cool-to-warm-spectrum: linear-gradient(135deg,rgb(74,234,220) 0%,rgb(151,120,209) 20%,rgb(207,42,186) 40%,rgb(238,44,130) 60%,rgb(251,105,98) 80%,rgb(254,248,76) 100%);--wp--preset--gradient--blush-light-purple: linear-gradient(135deg,rgb(255,206,236) 0%,rgb(152,150,240) 100%);--wp--preset--gradient--blush-bordeaux: linear-gradient(135deg,rgb(254,205,165) 0%,rgb(254,45,45) 50%,rgb(107,0,62) 100%);--wp--preset--gradient--luminous-dusk: linear-gradient(135deg,rgb(255,203,112) 0%,rgb(199,81,192) 50%,rgb(65,88,208) 100%);--wp--preset--gradient--pale-ocean: linear-gradient(135deg,rgb(255,245,203) 0%,rgb(182,227,212) 50%,rgb(51,167,181) 100%);--wp--preset--gradient--electric-grass: linear-gradient(135deg,rgb(202,248,128) 0%,rgb(113,206,126) 100%);--wp--preset--gradient--midnight: linear-gradient(135deg,rgb(2,3,129) 0%,rgb(40,116,252) 100%);--wp--preset--font-size--small: 13px;--wp--preset--font-size--medium: 20px;--wp--preset--font-size--large: 36px;--wp--preset--font-size--x-large: 42px;--wp--preset--spacing--20: 0.44rem;--wp--preset--spacing--30: 0.67rem;--wp--preset--spacing--40: 1rem;--wp--preset--spacing--50: 1.5rem;--wp--preset--spacing--60: 2.25rem;--wp--preset--spacing--70: 3.38rem;--wp--preset--spacing--80: 5.06rem;--wp--preset--shadow--natural: 6px 6px 9px rgba(0, 0, 0, 0.2);--wp--preset--shadow--deep: 12px 12px 50px rgba(0, 0, 0, 0.4);--wp--preset--shadow--sharp: 6px 6px 0px rgba(0, 0, 0, 0.2);--wp--preset--shadow--outlined: 6px 6px 0px -3px rgba(255, 255, 255, 1), 6px 6px rgba(0, 0, 0, 1);--wp--preset--shadow--crisp: 6px 6px 0px rgba(0, 0, 0, 1);}:where(.is-layout-flex){gap: 0.5em;}:where(.is-layout-grid){gap: 0.5em;}body .is-layout-flex{display: flex;}.is-layout-flex{flex-wrap: wrap;align-items: center;}.is-layout-flex > :is(*, div){margin: 0;}body .is-layout-grid{display: grid;}.is-layout-grid > :is(*, div){margin: 0;}:where(.wp-block-columns.is-layout-flex){gap: 2em;}:where(.wp-block-columns.is-layout-grid){gap: 2em;}:where(.wp-block-post-template.is-layout-flex){gap: 1.25em;}:where(.wp-block-post-template.is-layout-grid){gap: 1.25em;}.has-black-color{color: var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-color{color: var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-color{color: var(--wp--preset--color--white) !important;}.has-pale-pink-color{color: var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-color{color: var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-color{color: var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-color{color: var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-color{color: var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-color{color: var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-color{color: var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-color{color: var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-color{color: var(--wp--preset--color--vivid-purple) !important;}.has-black-background-color{background-color: var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-background-color{background-color: var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-background-color{background-color: var(--wp--preset--color--white) !important;}.has-pale-pink-background-color{background-color: var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-background-color{background-color: var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-background-color{background-color: var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-background-color{background-color: var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-background-color{background-color: var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-background-color{background-color: var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-background-color{background-color: var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-background-color{background-color: var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-background-color{background-color: var(--wp--preset--color--vivid-purple) !important;}.has-black-border-color{border-color: var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-border-color{border-color: var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-border-color{border-color: var(--wp--preset--color--white) !important;}.has-pale-pink-border-color{border-color: var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-border-color{border-color: var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-border-color{border-color: var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-border-color{border-color: var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-border-color{border-color: var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-border-color{border-color: var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-border-color{border-color: var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-border-color{border-color: var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-border-color{border-color: var(--wp--preset--color--vivid-purple) !important;}.has-vivid-cyan-blue-to-vivid-purple-gradient-background{background: var(--wp--preset--gradient--vivid-cyan-blue-to-vivid-purple) !important;}.has-light-green-cyan-to-vivid-green-cyan-gradient-background{background: var(--wp--preset--gradient--light-green-cyan-to-vivid-green-cyan) !important;}.has-luminous-vivid-amber-to-luminous-vivid-orange-gradient-background{background: var(--wp--preset--gradient--luminous-vivid-amber-to-luminous-vivid-orange) !important;}.has-luminous-vivid-orange-to-vivid-red-gradient-background{background: var(--wp--preset--gradient--luminous-vivid-orange-to-vivid-red) !important;}.has-very-light-gray-to-cyan-bluish-gray-gradient-background{background: var(--wp--preset--gradient--very-light-gray-to-cyan-bluish-gray) !important;}.has-cool-to-warm-spectrum-gradient-background{background: var(--wp--preset--gradient--cool-to-warm-spectrum) !important;}.has-blush-light-purple-gradient-background{background: var(--wp--preset--gradient--blush-light-purple) !important;}.has-blush-bordeaux-gradient-background{background: var(--wp--preset--gradient--blush-bordeaux) !important;}.has-luminous-dusk-gradient-background{background: var(--wp--preset--gradient--luminous-dusk) !important;}.has-pale-ocean-gradient-background{background: var(--wp--preset--gradient--pale-ocean) !important;}.has-electric-grass-gradient-background{background: var(--wp--preset--gradient--electric-grass) !important;}.has-midnight-gradient-background{background: var(--wp--preset--gradient--midnight) !important;}.has-small-font-size{font-size: var(--wp--preset--font-size--small) !important;}.has-medium-font-size{font-size: var(--wp--preset--font-size--medium) !important;}.has-large-font-size{font-size: var(--wp--preset--font-size--large) !important;}.has-x-large-font-size{font-size: var(--wp--preset--font-size--x-large) !important;} :where(.wp-block-post-template.is-layout-flex){gap: 1.25em;}:where(.wp-block-post-template.is-layout-grid){gap: 1.25em;} :where(.wp-block-columns.is-layout-flex){gap: 2em;}:where(.wp-block-columns.is-layout-grid){gap: 2em;} :root :where(.wp-block-pullquote){font-size: 1.5em;line-height: 1.6;} </style> <link rel='stylesheet' id='dpsp-frontend-style-pro-css' href='https://www.marcumllp.com/wp-content/plugins/social-pug/assets/dist/style-frontend-pro.css?ver=2.20.0' type='text/css' media='all' /> <style id='dpsp-frontend-style-pro-inline-css' type='text/css'> @media screen and ( max-width : 720px ) { .dpsp-content-wrapper.dpsp-hide-on-mobile, .dpsp-share-text.dpsp-hide-on-mobile, .dpsp-content-wrapper .dpsp-network-label { display: none; } .dpsp-has-spacing .dpsp-networks-btns-wrapper li { margin:0 2% 10px 0; } .dpsp-network-btn.dpsp-has-label:not(.dpsp-has-count) { max-height: 40px; padding: 0; justify-content: center; } .dpsp-content-wrapper.dpsp-size-small .dpsp-network-btn.dpsp-has-label:not(.dpsp-has-count){ max-height: 32px; } .dpsp-content-wrapper.dpsp-size-large .dpsp-network-btn.dpsp-has-label:not(.dpsp-has-count){ max-height: 46px; } } .dpsp-button-style-8 .dpsp-networks-btns-content.dpsp-networks-btns-wrapper .dpsp-network-btn:not(:hover):not(:active) { --customNetworkColor: #0099a9; --customNetworkHoverColor: #a7a9ac; color: #0099a9; } .dpsp-button-style-8 .dpsp-networks-btns-content.dpsp-networks-btns-wrapper .dpsp-network-btn .dpsp-network-icon .dpsp-network-icon-inner > svg { fill: #0099a9; } .dpsp-button-style-8 .dpsp-networks-btns-content.dpsp-networks-btns-wrapper .dpsp-network-btn:hover, .dpsp-button-style-8 .dpsp-networks-btns-content.dpsp-networks-btns-wrapper .dpsp-network-btn:focus { color: #a7a9ac; } .dpsp-button-style-8 .dpsp-networks-btns-content.dpsp-networks-btns-wrapper .dpsp-network-btn:focus .dpsp-network-icon svg, .dpsp-button-style-8 .dpsp-networks-btns-content.dpsp-networks-btns-wrapper .dpsp-network-btn:hover .dpsp-network-icon .dpsp-network-icon-inner > svg { fill: #a7a9ac; } .dpsp-networks-btns-wrapper.dpsp-networks-btns-content .dpsp-network-btn {--networkHover: rgba(167, 169, 172, 0.4); --networkAccent: rgba(167, 169, 172, 1);} </style> <link rel='stylesheet' id='google_fonts-css' href='https://fonts.googleapis.com/css?family=Barlow%3A500%7CRoboto%3A400%2C400i%2C500%2C700&display=swap&ver=6.6.1' type='text/css' media='all' /> <link rel='stylesheet' id='screen-css' href='https://www.marcumllp.com/wp-content/themes/marcum/style.css?ver=0424238456' type='text/css' media='screen' /> <link rel='stylesheet' id='screen-custom-css' href='https://www.marcumllp.com/wp-content/themes/marcum/assets/css/marcum-custom-styles.css?ver=0424238456' type='text/css' media='screen' /> <link rel='stylesheet' id='print-css' href='https://www.marcumllp.com/wp-content/themes/marcum/assets/css/print.css?ver=0424238456' type='text/css' media='print' /> <script type="text/javascript" src="https://ajax.googleapis.com/ajax/libs/jquery/3.4.1/jquery.min.js" id="jquery-js"></script> <link rel="alternate" title="oEmbed (JSON)" type="application/json+oembed" href="https://www.marcumllp.com/wp-json/oembed/1.0/embed?url=https%3A%2F%2Fwww.marcumllp.com%2Finsights%2Fus-fraud-and-enforcement-actions" /> <link rel="alternate" title="oEmbed (XML)" type="text/xml+oembed" href="https://www.marcumllp.com/wp-json/oembed/1.0/embed?url=https%3A%2F%2Fwww.marcumllp.com%2Finsights%2Fus-fraud-and-enforcement-actions&format=xml" /> <meta name="hubbub-info" description="Hubbub Pro 2.20.0"><link rel="icon" href="https://www.marcumllp.com/wp-content/uploads/cropped-favicon-1-1-150x150.png" sizes="32x32" /> <link rel="icon" href="https://www.marcumllp.com/wp-content/uploads/cropped-favicon-1-1-300x188.png" sizes="192x192" /> <link rel="apple-touch-icon" href="https://www.marcumllp.com/wp-content/uploads/cropped-favicon-1-1-300x188.png" /> <meta name="msapplication-TileImage" content="https://www.marcumllp.com/wp-content/uploads/cropped-favicon-1-1-300x188.png" /> </head> <body class="">  <noscript><iframe src="https://www.googletagmanager.com/ns.html?id=GTM-PLCJXCD" height="0" width="0" style="display:none;visibility:hidden"></iframe></noscript>  <div class="root announcement-active">  <div class="ada-banner"> <a class="skip-main" href="#main">Skip to main content</a> </div>   <div class="announcement-banner js-announcement-banner"> <div class="row column"> <p class="announcement-banner__label"> Marcum is now a part of CBIZ <a href="https://www2.cbiz.com/stronger-together?utm_source=marcum&utm_medium=direct&utm_campaign=splash_page&utm_term=1112024" target="_blank">Learn More</a> </p> <button class="announcement-banner__close" aria-label="Close Announcement Banner"> <span class="icon-close"></span> </button> </div> </div>   <div class="top-bar" data-test='test'> <div class="top-bar__container"> <div class="top-bar__links"> <ul> <li class="mobile-hide"><a target="_blank" href="https://www.marcumevents.com/">Events</a></li> <li><a href="https://www.marcumllp.com/newsletters">Newsletters</a></li> <li><a href="https://www.marcumllp.com/subscribe">Subscribe</a></li> <li><a target="_blank" href="https://marcumllp.sharefile.com">Client Portal</a></li> <li><a target="_blank" href="https://securepayment.link/marcumllp/">Make Payment</a></li> <li><a href="tel:+1-855-627-2861">(855) Marcum1</a></li> <li><a href="/cdn-cgi/l/email-protection#7910171f163914180b1a0c14151509571a1614">Email Us</a></li> </ul> </div> <div class="top-bar__social"> <ul> <li><a title="linkedin" target="_blank" href="https://www.linkedin.com/company/marcum-llp/"><span class="social-links__icon icon-linkedin"></span><span class="social-links__label">LinkedIn</span></a></li> <li><a title="facebook" target="_blank" href="https://www.facebook.com/MarcumLLP"><span class="social-links__icon icon-facebook"></span><span class="social-links__label">Facebook</span></a></li> <li><a title="twitter-x" target="_blank" href="https://twitter.com/MarcumLLP"><span class="social-links__icon icon-twitter-x"></span><span class="social-links__label">Twitter</span></a></li> <li><a title="instagram" target="_blank" href="https://www.instagram.com/MarcumLLP/"><span class="social-links__icon icon-instagram"></span><span class="social-links__label">Instagram</span></a></li> <li><a title="youtube" target="_blank" href="https://www.youtube.com/user/MarcumLLP/videos"><span class="social-links__icon icon-youtube"></span><span class="social-links__label">YouTube</span></a></li> </ul> </div> </div> </div>   <header class="header" role="banner"> <div class="header__container">  <a href="/" class="logo"><img src="https://www.marcumllp.com/wp-content/themes/marcum/assets/images/marcum-llp-logo.svg" width="172" height="45" alt="Marcum LLP Logo" /></a>   <div class="drawer"> <div class="drawer__inner">  <nav class="menu" aria-label="Main Menu" role="navigation"> <ul> <li class="mega-drop"><a href="https://www.marcumllp.com/services">Services</a> <ul> <li><a href="https://www.marcumllp.com/services/tax">Tax & Business</a> <ul> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/accounting-for-income-taxes-asc-740">Accounting for Income Taxes: ASC 740</a> </li> <li> <a href="https://www.marcumllp.com/services/tax/bankruptcy-insolvency">Bankruptcy & Insolvency</a> </li> <li> <a href="https://www.marcumllp.com/services/tax/business-enterprise-services">Business Enterprise Services</a> </li> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/compensation-benefits-consulting">Compensation & Benefits Consulting</a> </li> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/corporate-tax">Corporate Tax</a> </li> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/cost-recovery-accounting-methods">Cost Recovery & Accounting Methods</a> </li> <li> <a href="https://www.marcumllp.com/services/tax/cost-segregation">Cost Segregation</a> </li> <li> <a href="https://www.marcumllp.com/services/tax/eb-5-investor-services">EB-5 Investor Services</a> </li> <li> <a href="https://www.marcumllp.com/services/tax/financial-statements">Financial Statements</a> </li> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/international-tax">International Tax</a> </li> <li> <a href="https://www.marcumllp.com/services/tax/modern-family-lgbt-services">Modern Family & LGBTQ Services</a> </li> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/private-client-services">Private Client Services</a> </li> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/tax-credits-incentives/research-development-tax-credit">Research & Development Tax Credit</a> </li> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/state-and-local-tax">State & Local Tax</a> </li> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services">Tax Advisory Services</a> </li> <li> <a href="https://www.marcumllp.com/services/tax/tax-controversy-resolution">Tax Controversy Resolution</a> </li> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/tax-credits-incentives">Tax Credits & Incentives</a> </li> <li> <a href="https://www.marcumllp.com/services/tax/tax-exempt-business">Tax-Exempt Business</a> </li> <li> <a href="https://www.marcumllp.com/services/tax/tax-return-compliance">Tax Return Compliance</a> </li> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/tax-transaction-services">Tax Transaction Services</a> </li> <li> <a href="https://www.marcumllp.com/services/advisory/wealth-management">Wealth Management</a> </li> <li> <a href="https://www.marcumllp.com/services/tax">View All Tax & Business Services</a> </li> </ul> </li> <li><a href="https://www.marcumllp.com/services/assurance">Assurance</a> <ul> <li> <a href="https://www.marcumllp.com/services/assurance/attestation-engagements">Attestation Engagements</a> </li> <li> <a href="https://www.marcumllp.com/services/assurance/audits">Audits</a> </li> <li> <a href="https://www.marcumllp.com/services/assurance/compilations-reviews">Compilations & Reviews</a> </li> <li> <a href="https://www.marcumllp.com/services/assurance/employee-benefit-plans">Employee Benefit Plans (ERISA)</a> </li> <li> <a href="https://www.marcumllp.com/services/assurance/international-financial-reporting">International Financial Reporting</a> </li> <li> <a href="https://www.marcumllp.com/services/assurance/sec-advisory">SEC Advisory</a> </li> <li> <a href="https://www.marcumllp.com/services/assurance/sec-services">SEC Services</a> </li> <li> <a href="https://www.marcumllp.com/services/assurance/spac">Special Purpose Acquisition Companies (SPAC)</a> </li> <li> <a href="https://www.marcumllp.com/services/assurance">View All Assurance Services</a> </li> </ul> </li> <li><a href="https://www.marcumllp.com/services/advisory">Advisory</a> <ul> <li> <a href="https://www.marcumllp.com/services/advisory/financial-advisory-services">Financial Accounting & Advisory</a> <ul> <li> <a href="https://www.marcumllp.com/services/advisory/financial-advisory-services/cfo-led-services">CFO-led Services</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/financial-advisory-services/complex-technical-accounting">Complex & Technical Accounting</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/financial-advisory-services/emerging-companies-services">Emerging Companies Services</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/financial-advisory-services/financial-process-improvement">Financial Process Improvement</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/financial-advisory-services/interim-controllership">Interim Controllership & Financial Leadership</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/risk-advisory-services/internal-audit-co-sourcing-outsourcing">Internal Audit Services</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/financial-advisory-services/ipo-readiness">IPO Readiness</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/financial-advisory-services/restructuring-services">Restructuring Services</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/risk-advisory-services/sarbanes-oxley-compliance">Sarbanes-Oxley Compliance</a></li> </ul> </li> <li> <a href="https://www.marcumllp.com/services/advisory/insurance">Insurance Services</a> </li> <li> <a href="https://www.marcumllp.com/services/advisory/managed-services">Managed Services</a> <ul> <li> <a href="https://www.marcumllp.com/services/advisory/managed-services/managed-accounting-services">Managed Accounting Services</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/managed-services/managed-human-resources-services">Managed Human Resources Services</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/technology-consulting/infrastructure-solutions/managed-it-services">Managed IT Services</a></li> </ul> </li> <li> <a href="https://www.marcumllp.com/paycheck-protection-program">Paycheck Protection Program</a> <ul> <li> <a href="https://www.marcumllp.com/services/advisory/business-interruption-claims">Business Interruption Claims</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/main-street-loan-program">Main Street Lending Program</a></li> </ul> </li> <li> <a href="https://www.marcumllp.com/services/advisory/risk-advisory-services">Risk Advisory Services</a> <ul> <li> <a href="https://www.marcumllp.com/services/advisory/risk-advisory-services/anti-money-laundering">Anti-Money Laundering</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/risk-advisory-services/data-privacy-compliance">Data Privacy & Compliance</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/risk-advisory-services/hitrust">HITRUST</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/risk-advisory-services/internal-audit-co-sourcing-outsourcing">Internal Audit Services</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/risk-advisory-services/iso-27001-iso-27701-certification">ISO 27001 & 27701 Certification</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/risk-advisory-services/sarbanes-oxley-compliance">Sarbanes-Oxley Compliance</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/risk-advisory-services/system-organization-controls">System Organization Controls – SOC 1, SOC 2 and SOC 3</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/risk-advisory-services/technology-risk">Technology Risk</a></li> </ul> </li> <li> <a target="_blank" href="https://www.marcumsearch.com">Talent Solutions</a> </li> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services">Tax Advisory Services</a> <ul> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/accounting-for-income-taxes-asc-740">Accounting for Income Taxes: ASC 740</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/compensation-benefits-consulting">Compensation & Benefits Consulting</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/corporate-tax">Corporate Tax</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/cost-recovery-accounting-methods">Cost Recovery & Accounting Methods</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/international-tax">International Tax</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/private-client-services">Private Client Services</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/tax-credits-incentives/research-development-tax-credit">Research & Development Tax Credit</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/state-and-local-tax">State & Local Tax</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/tax-credits-incentives">Tax Credits & Incentives</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/tax-transaction-services">Tax Transaction Services</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/third-party-administrator">Third-Party Administrator</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/state-and-local-tax/unclaimed-property">Unclaimed Property</a></li> </ul> </li> <li> <a href="https://www.marcumllp.com/services/advisory/technology-consulting">Technology Consulting</a> <ul> <li> <a href="https://www.marcumllp.com/services/advisory/technology-consulting/digital-advisory-services">Digital Advisory Services</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/technology-consulting/infrastructure-solutions">Infrastructure Solutions & Services</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/technology-consulting/strategic-it-consulting">Strategic IT Consulting</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/technology-consulting/cybersecurity-digital-forensics">Cybersecurity & Digital Forensics</a></li> </ul> </li> <li> <a href="https://www.marcumllp.com/services/advisory/transaction-integration-advisory">Transaction Advisory</a> <ul> <li> <a href="https://www.marcumllp.com/services/advisory/transaction-integration-advisory/due-diligence">Due Diligence</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/transaction-integration-advisory/post-merger-acquisition-services">Post-Merger or Acquisition Services</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/tax-transaction-services">Tax Transaction Services</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/valuation-forensic-litigation-services/valuation">Valuation</a></li> </ul> </li> <li> <a href="https://www.marcumllp.com/services/advisory/valuation-forensic-litigation-services">Valuation, Forensic & Litigation</a> <ul> <li> <a href="https://www.marcumllp.com/services/advisory/valuation-forensic-litigation-services/investigations-forensic-accounting-integrity-services">Investigations, Forensic Accounting & Integrity Services</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/valuation-forensic-litigation-services/litigation-dispute-consulting">Litigation & Dispute Consulting</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/valuation-forensic-litigation-services/marital-dissolution">Marital Dissolution</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/valuation-forensic-litigation-services/valuation">Valuation</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/valuation-forensic-litigation-services/eco-stat">Eco-Stat</a></li> <li> <a href="https://www.marcumllp.com/services/advisory/valuation-forensic-litigation-services/forensic-data-analytics-technology">Forensic Data Analytics & Technology Services</a></li> </ul> </li> <li> <a href="https://www.marcumllp.com/services/advisory/wealth-management">Wealth Management</a> </li> <li> <a href="https://www.marcumllp.com/services/advisory">View All Advisory Services</a> </li> </ul> </li> </ul> <div class="mega-menu"> <div class="row column">  <div class="mega-menu__row"> <div class="mega-menu__tabs"> <div class="mega-menu__tabs-toggle"> <ul> <li class="active"><a href="https://www.marcumllp.com/services/tax">Tax & Business</a></li> <li ><a href="https://www.marcumllp.com/services/assurance">Assurance</a></li> <li ><a href="https://www.marcumllp.com/services/advisory">Advisory</a></li> </ul> </div> <div class="mega-menu__tabs-links"> <div class="mega-menu__tabs-links-container"> <div data-tab="Tax & Business" class="mega-menu__links mega-menu__tabs-links-inner mega-menu__tabs-links-inner--active"> <ul> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/accounting-for-income-taxes-asc-740">Accounting for Income Taxes: ASC 740</a> </li> <li><a href="https://www.marcumllp.com/services/tax/bankruptcy-insolvency">Bankruptcy & Insolvency</a> </li> <li><a href="https://www.marcumllp.com/services/tax/business-enterprise-services">Business Enterprise Services</a> </li> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/compensation-benefits-consulting">Compensation & Benefits Consulting</a> </li> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/corporate-tax">Corporate Tax</a> </li> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/cost-recovery-accounting-methods">Cost Recovery & Accounting Methods</a> </li> <li><a href="https://www.marcumllp.com/services/tax/cost-segregation">Cost Segregation</a> </li> <li><a href="https://www.marcumllp.com/services/tax/eb-5-investor-services">EB-5 Investor Services</a> </li> </ul> <ul> <li><a href="https://www.marcumllp.com/services/tax/financial-statements">Financial Statements</a> </li> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/international-tax">International Tax</a> </li> <li><a href="https://www.marcumllp.com/services/tax/modern-family-lgbt-services">Modern Family & LGBTQ Services</a> </li> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/private-client-services">Private Client Services</a> </li> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/tax-credits-incentives/research-development-tax-credit">Research & Development Tax Credit</a> </li> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/state-and-local-tax">State & Local Tax</a> </li> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services">Tax Advisory Services</a> </li> </ul> <ul> <li><a href="https://www.marcumllp.com/services/tax/tax-controversy-resolution">Tax Controversy Resolution</a> </li> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/tax-credits-incentives">Tax Credits & Incentives</a> </li> <li><a href="https://www.marcumllp.com/services/tax/tax-exempt-business">Tax-Exempt Business</a> </li> <li><a href="https://www.marcumllp.com/services/tax/tax-return-compliance">Tax Return Compliance</a> </li> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/tax-transaction-services">Tax Transaction Services</a> </li> <li><a href="https://www.marcumllp.com/services/advisory/wealth-management">Wealth Management</a> </li> <li><a href="https://www.marcumllp.com/services/tax">View All Tax & Business Services</a> </li> </ul> </div> <div data-tab="Assurance" class="mega-menu__links mega-menu__tabs-links-inner "> <ul> <li><a href="https://www.marcumllp.com/services/assurance/attestation-engagements">Attestation Engagements</a> </li> <li><a href="https://www.marcumllp.com/services/assurance/audits">Audits</a> </li> <li><a href="https://www.marcumllp.com/services/assurance/compilations-reviews">Compilations & Reviews</a> </li> </ul> <ul> <li><a href="https://www.marcumllp.com/services/assurance/employee-benefit-plans">Employee Benefit Plans (ERISA)</a> </li> <li><a href="https://www.marcumllp.com/services/assurance/international-financial-reporting">International Financial Reporting</a> </li> <li><a href="https://www.marcumllp.com/services/assurance/sec-advisory">SEC Advisory</a> </li> </ul> <ul> <li><a href="https://www.marcumllp.com/services/assurance/sec-services">SEC Services</a> </li> <li><a href="https://www.marcumllp.com/services/assurance/spac">Special Purpose Acquisition Companies (SPAC)</a> </li> <li><a href="https://www.marcumllp.com/services/assurance">View All Assurance Services</a> </li> </ul> </div> <div data-tab="Advisory" class="mega-menu__links mega-menu__tabs-links-inner "> <ul> <li><a href="https://www.marcumllp.com/services/advisory/financial-advisory-services">Financial Accounting & Advisory</a> <ul> <li><a href="https://www.marcumllp.com/services/advisory/financial-advisory-services/cfo-led-services">CFO-led Services</a></li> <li><a href="https://www.marcumllp.com/services/advisory/financial-advisory-services/complex-technical-accounting">Complex & Technical Accounting</a></li> <li><a href="https://www.marcumllp.com/services/advisory/financial-advisory-services/emerging-companies-services">Emerging Companies Services</a></li> <li><a href="https://www.marcumllp.com/services/advisory/financial-advisory-services/financial-process-improvement">Financial Process Improvement</a></li> <li><a href="https://www.marcumllp.com/services/advisory/financial-advisory-services/interim-controllership">Interim Controllership & Financial Leadership</a></li> <li><a href="https://www.marcumllp.com/services/advisory/risk-advisory-services/internal-audit-co-sourcing-outsourcing">Internal Audit Services</a></li> <li><a href="https://www.marcumllp.com/services/advisory/financial-advisory-services/ipo-readiness">IPO Readiness</a></li> <li><a href="https://www.marcumllp.com/services/advisory/financial-advisory-services/restructuring-services">Restructuring Services</a></li> <li><a href="https://www.marcumllp.com/services/advisory/risk-advisory-services/sarbanes-oxley-compliance">Sarbanes-Oxley Compliance</a></li>  <div class="boxen--featured"> <h3>Featured Press Releases</h3> <p class="mb1"><img src="https://www.marcumllp.com/wp-content/uploads/pressrelease-merger-starter-fluid.jpg" alt="Featured Image"></p> <p class="boxen--featured-date">May 10, 2021</p> <p class="boxen--featured-text">Marcum Merges Starter-Fluid into National Financial Accounting & Advisory Practice</p> <a href="https://www.marcumllp.com/press-releases/marcum-merges-starter-fluid-into-national-financial-accounting-advisory-practice" class="button expand">Read More</a> </div>  </ul> </li> <li><a href="https://www.marcumllp.com/services/advisory/insurance">Insurance Services</a> </li> <li><a href="https://www.marcumllp.com/services/advisory/managed-services">Managed Services</a> <ul> <li><a href="https://www.marcumllp.com/services/advisory/managed-services/managed-accounting-services">Managed Accounting Services</a></li> <li><a href="https://www.marcumllp.com/services/advisory/managed-services/managed-human-resources-services">Managed Human Resources Services</a></li> <li><a href="https://www.marcumllp.com/services/advisory/technology-consulting/infrastructure-solutions/managed-it-services">Managed IT Services</a></li>  <div class="boxen--featured"> <h3>Featured Insights</h3> <p class="mb1"><img src="https://www.marcumllp.com/wp-content/uploads/insights-virtual-onboarding-during-covid.jpg" alt="Featured Image"></p> <p class="boxen--featured-date">April 12, 2021</p> <p class="boxen--featured-text">Virtual Onboarding During COVID – What Are We Missing?</p> <a href="https://www.marcumllp.com/insights/virtual-onboarding-during-covid" class="button expand">Read More</a> </div>  </ul> </li> <li><a href="https://www.marcumllp.com/paycheck-protection-program">Paycheck Protection Program</a> <ul> <li><a href="https://www.marcumllp.com/services/advisory/business-interruption-claims">Business Interruption Claims</a></li> <li><a href="https://www.marcumllp.com/services/advisory/main-street-loan-program">Main Street Lending Program</a></li>  <div class="boxen--featured"> <h3>Featured Insights</h3> <p class="mb1"><img src="https://www.marcumllp.com/wp-content/uploads/insights-ppp-loans-accounting-treatment-valuation-treatment.jpg" alt="Featured Image"></p> <p class="boxen--featured-date">May 18, 2021</p> <p class="boxen--featured-text">IRS Allows PPP Deduction Fix</p> <a href="https://www.marcumllp.com/insights/irs-allows-ppp-deduction-fix" class="button expand">Read More</a> </div>  </ul> </li> <li><a target="_blank" href="https://www.marcumsearch.com">Talent Solutions</a> </li> </ul> <ul> <li><a href="https://www.marcumllp.com/services/advisory/risk-advisory-services">Risk Advisory Services</a> <ul> <li><a href="https://www.marcumllp.com/services/advisory/risk-advisory-services/anti-money-laundering">Anti-Money Laundering</a></li> <li><a href="https://www.marcumllp.com/services/advisory/risk-advisory-services/data-privacy-compliance">Data Privacy & Compliance</a></li> <li><a href="https://www.marcumllp.com/services/advisory/risk-advisory-services/hitrust">HITRUST</a></li> <li><a href="https://www.marcumllp.com/services/advisory/risk-advisory-services/internal-audit-co-sourcing-outsourcing">Internal Audit Services</a></li> <li><a href="https://www.marcumllp.com/services/advisory/risk-advisory-services/iso-27001-iso-27701-certification">ISO 27001 & 27701 Certification</a></li> <li><a href="https://www.marcumllp.com/services/advisory/risk-advisory-services/sarbanes-oxley-compliance">Sarbanes-Oxley Compliance</a></li> <li><a href="https://www.marcumllp.com/services/advisory/risk-advisory-services/system-organization-controls">System Organization Controls – SOC 1, SOC 2 and SOC 3</a></li> <li><a href="https://www.marcumllp.com/services/advisory/risk-advisory-services/technology-risk">Technology Risk</a></li>  <div class="boxen--featured"> <h3>Featured Insights</h3> <p class="mb1"><img src="https://www.marcumllp.com/wp-content/uploads/insights-cryptocurrency-tax-compliance.jpg" alt="Featured Image"></p> <p class="boxen--featured-date">July 6, 2021</p> <p class="boxen--featured-text">American Families Plan’s Cryptocurrency Tax Compliance Agenda</p> <a href="https://www.marcumllp.com/insights/american-families-plans-cryptocurrency-tax-compliance-agenda" class="button expand">Read More</a> </div>  </ul> </li> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services">Tax Advisory Services</a> <ul> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/accounting-for-income-taxes-asc-740">Accounting for Income Taxes: ASC 740</a></li> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/compensation-benefits-consulting">Compensation & Benefits Consulting</a></li> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/corporate-tax">Corporate Tax</a></li> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/cost-recovery-accounting-methods">Cost Recovery & Accounting Methods</a></li> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/international-tax">International Tax</a></li> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/private-client-services">Private Client Services</a></li> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/tax-credits-incentives/research-development-tax-credit">Research & Development Tax Credit</a></li> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/state-and-local-tax">State & Local Tax</a></li> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/tax-credits-incentives">Tax Credits & Incentives</a></li> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/tax-transaction-services">Tax Transaction Services</a></li> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/third-party-administrator">Third-Party Administrator</a></li> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/state-and-local-tax/unclaimed-property">Unclaimed Property</a></li>  <div class="boxen--featured"> <h3>Featured Insights</h3> <p class="mb1"><img src="https://www.marcumllp.com/wp-content/uploads/insights-cryptocurrency-tax-compliance.jpg" alt="Featured Image"></p> <p class="boxen--featured-date">July 6, 2021</p> <p class="boxen--featured-text">American Families Plan’s Cryptocurrency Tax Compliance Agenda</p> <a href="https://www.marcumllp.com/insights/american-families-plans-cryptocurrency-tax-compliance-agenda" class="button expand">Read More</a> </div>  </ul> </li> </ul> <ul> <li><a href="https://www.marcumllp.com/services/advisory/technology-consulting">Technology Consulting</a> <ul> <li><a href="https://www.marcumllp.com/services/advisory/technology-consulting/digital-advisory-services">Digital Advisory Services</a></li> <li><a href="https://www.marcumllp.com/services/advisory/technology-consulting/infrastructure-solutions">Infrastructure Solutions & Services</a></li> <li><a href="https://www.marcumllp.com/services/advisory/technology-consulting/strategic-it-consulting">Strategic IT Consulting</a></li> <li><a href="https://www.marcumllp.com/services/advisory/technology-consulting/cybersecurity-digital-forensics">Cybersecurity & Digital Forensics</a></li>  <div class="boxen--featured"> <h3>Featured Insights</h3> <p class="mb1"><img src="https://www.marcumllp.com/wp-content/uploads/insights-proper-alignment-with-technology.jpg" alt="Featured Image"></p> <p class="boxen--featured-date">June 8, 2021</p> <p class="boxen--featured-text">Proper Alignment with Technology Is Critical in Achieving Strategic Objectives</p> <a href="https://www.marcumllp.com/insights/proper-alignment-with-technology-is-critical-in-achieving-strategic-objectives" class="button expand">Read More</a> </div>  </ul> </li> <li><a href="https://www.marcumllp.com/services/advisory/transaction-integration-advisory">Transaction Advisory</a> <ul> <li><a href="https://www.marcumllp.com/services/advisory/transaction-integration-advisory/due-diligence">Due Diligence</a></li> <li><a href="https://www.marcumllp.com/services/advisory/transaction-integration-advisory/post-merger-acquisition-services">Post-Merger or Acquisition Services</a></li> <li><a href="https://www.marcumllp.com/services/advisory/tax-advisory-services/tax-transaction-services">Tax Transaction Services</a></li> <li><a href="https://www.marcumllp.com/services/advisory/valuation-forensic-litigation-services/valuation">Valuation</a></li>  <div class="boxen--featured"> <h3>Featured Insights</h3> <p class="mb1"><img src="https://www.marcumllp.com/wp-content/uploads/insights-cryptocurrency-tax-compliance.jpg" alt="Featured Image"></p> <p class="boxen--featured-date">July 6, 2021</p> <p class="boxen--featured-text">American Families Plan’s Cryptocurrency Tax Compliance Agenda</p> <a href="https://www.marcumllp.com/insights/american-families-plans-cryptocurrency-tax-compliance-agenda" class="button expand">Read More</a> </div>  </ul> </li> <li><a href="https://www.marcumllp.com/services/advisory/valuation-forensic-litigation-services">Valuation, Forensic & Litigation</a> <ul> <li><a href="https://www.marcumllp.com/services/advisory/valuation-forensic-litigation-services/investigations-forensic-accounting-integrity-services">Investigations, Forensic Accounting & Integrity Services</a></li> <li><a href="https://www.marcumllp.com/services/advisory/valuation-forensic-litigation-services/litigation-dispute-consulting">Litigation & Dispute Consulting</a></li> <li><a href="https://www.marcumllp.com/services/advisory/valuation-forensic-litigation-services/marital-dissolution">Marital Dissolution</a></li> <li><a href="https://www.marcumllp.com/services/advisory/valuation-forensic-litigation-services/valuation">Valuation</a></li> <li><a href="https://www.marcumllp.com/services/advisory/valuation-forensic-litigation-services/eco-stat">Eco-Stat</a></li> <li><a href="https://www.marcumllp.com/services/advisory/valuation-forensic-litigation-services/forensic-data-analytics-technology">Forensic Data Analytics & Technology Services</a></li>  <div class="boxen--featured"> <h3>Featured Insights</h3> <p class="mb1"><img src="https://www.marcumllp.com/wp-content/uploads/insights-fraud-enforcement-actions.jpg" alt="Featured Image"></p> <p class="boxen--featured-date">May 24, 2021</p> <p class="boxen--featured-text">U.S. Fraud and Enforcement Actions</p> <a href="https://www.marcumllp.com/insights/us-fraud-and-enforcement-actions" class="button expand">Read More</a> </div>  </ul> </li> <li><a href="https://www.marcumllp.com/services/advisory/wealth-management">Wealth Management</a> </li> <li><a href="https://www.marcumllp.com/services/advisory">View All Advisory Services</a> </li> </ul> </div> </div> </div> </div> </div>  </div> </div> </li> <li class="mega-drop"><a href="https://www.marcumllp.com/industries">Industries</a> <ul> <li><a href="https://www.marcumllp.com/industries/alternative-investments">Alternative Investments</a></li> <li><a href="https://www.marcumllp.com/industries/automotive">Automotive</a></li> <li><a href="https://www.marcumllp.com/industries/broker-dealers">Broker-Dealers</a></li> <li><a href="https://www.marcumllp.com/industries/cannabis">Cannabis</a></li> <li><a href="https://www.marcumllp.com/industries/capital-markets">Capital Markets</a></li> <li><a href="https://www.marcumllp.com/industries/construction">Construction</a></li> <li><a href="https://www.marcumllp.com/industries/consumer-industrial-products">Consumer & Industrial Products</a></li> <li><a href="https://www.marcumllp.com/industries/digital-currency-blockchain">Digital Assets & Blockchain</a></li> <li><a href="https://www.marcumllp.com/industries/higher-education">Education</a></li> <li><a href="https://www.marcumllp.com/industries/energy">Energy</a></li> <li><a href="https://www.marcumllp.com/industries/financial-institutions">Financial Institutions</a></li> <li><a href="https://www.marcumllp.com/industries/financial-services">Financial Services</a></li> <li><a href="https://www.marcumllp.com/industries/food-beverage">Food & Beverage</a></li> <li><a href="https://www.marcumllp.com/industries/government">Government</a></li> <li><a href="https://www.marcumllp.com/industries/government-contractors">Government Contractors</a></li> <li><a href="https://www.marcumllp.com/industries/healthcare">Healthcare</a></li> <li><a href="https://www.marcumllp.com/industries/insurance">Insurance</a></li> <li><a href="https://www.marcumllp.com/industries/life-science-biotech">Life Science & Biotech</a></li> <li><a href="https://www.marcumllp.com/industries/litigation-support">Litigation Support</a></li> <li><a href="https://www.marcumllp.com/industries/maritime">Maritime</a></li> <li><a href="https://www.marcumllp.com/industries/media-entertainment">Media, Gaming & Entertainment</a></li> <li><a href="https://www.marcumllp.com/industries/nonprofit-social-sector">Nonprofit & Social Sector</a></li> <li><a href="https://www.marcumllp.com/industries/private-equity">Private Equity</a></li> <li><a href="https://www.marcumllp.com/industries/professional-employer-organization">Professional Employer Organizations</a></li> <li><a href="https://www.marcumllp.com/industries/real-estate">Real Estate</a></li> <li><a href="https://www.marcumllp.com/industries/talent-and-literary-agencies">Talent & Literary Agencies</a></li> <li><a href="https://www.marcumllp.com/industries/technology">Technology</a></li> </ul> <div class="mega-menu"> <div class="row column">  <div class="mega-menu__row"> <div class="mega-menu__industries"> <div class="mega-menu__industries-left" style="width:100%;"> <div class="mega-menu__industries-col" style="width:33%;"> <div class="mega-menu__links"> <ul> <li><a href="https://www.marcumllp.com/industries/alternative-investments">Alternative Investments</a></li> <li><a href="https://www.marcumllp.com/industries/automotive">Automotive</a></li> <li><a href="https://www.marcumllp.com/industries/broker-dealers">Broker-Dealers</a></li> <li><a href="https://www.marcumllp.com/industries/cannabis">Cannabis</a></li> <li><a href="https://www.marcumllp.com/industries/capital-markets">Capital Markets</a></li> <li><a href="https://www.marcumllp.com/industries/construction">Construction</a></li> <li><a href="https://www.marcumllp.com/industries/consumer-industrial-products">Consumer & Industrial Products</a></li> <li><a href="https://www.marcumllp.com/industries/digital-currency-blockchain">Digital Assets & Blockchain</a></li> <li><a href="https://www.marcumllp.com/industries/higher-education">Education</a></li> </ul> </div> </div> <div class="mega-menu__industries-col" style="width:33%;"> <div class="mega-menu__links"> <ul> <li><a href="https://www.marcumllp.com/industries/energy">Energy</a></li> <li><a href="https://www.marcumllp.com/industries/financial-institutions">Financial Institutions</a></li> <li><a href="https://www.marcumllp.com/industries/financial-services">Financial Services</a></li> <li><a href="https://www.marcumllp.com/industries/food-beverage">Food & Beverage</a></li> <li><a href="https://www.marcumllp.com/industries/government">Government</a></li> <li><a href="https://www.marcumllp.com/industries/government-contractors">Government Contractors</a></li> <li><a href="https://www.marcumllp.com/industries/healthcare">Healthcare</a></li> <li><a href="https://www.marcumllp.com/industries/insurance">Insurance</a></li> <li><a href="https://www.marcumllp.com/industries/life-science-biotech">Life Science & Biotech</a></li> </ul> </div> </div> <div class="mega-menu__industries-col" style="width:33%;"> <div class="mega-menu__links"> <ul> <li><a href="https://www.marcumllp.com/industries/litigation-support">Litigation Support</a></li> <li><a href="https://www.marcumllp.com/industries/maritime">Maritime</a></li> <li><a href="https://www.marcumllp.com/industries/media-entertainment">Media, Gaming & Entertainment</a></li> <li><a href="https://www.marcumllp.com/industries/nonprofit-social-sector">Nonprofit & Social Sector</a></li> <li><a href="https://www.marcumllp.com/industries/private-equity">Private Equity</a></li> <li><a href="https://www.marcumllp.com/industries/professional-employer-organization">Professional Employer Organizations</a></li> <li><a href="https://www.marcumllp.com/industries/real-estate">Real Estate</a></li> <li><a href="https://www.marcumllp.com/industries/talent-and-literary-agencies">Talent & Literary Agencies</a></li> <li><a href="https://www.marcumllp.com/industries/technology">Technology</a></li> <li><a href="/industries">View All Industries</a></li> </ul> </div> </div> </div> </div> </div>  </div> </div> </li> <li class="mega-drop"><a href="https://www.marcumllp.com/firm">Firm</a> <ul> <li><a href="https://www.marcumllp.com/firm">Overview</a> </li> <li><a href="https://www.marcumllp.com/firm/client-service-standards">Client Experience</a> </li> <li><a href="https://www.marcumllp.com/careers/diversity-equity-inclusion">Diversity, Equity & Inclusion</a> </li> <li><a href="https://www.marcumllp.com/firm/marcum-affiliates">Marcum Affiliates</a> </li> <li><a href="https://www.marcumllp.com/firm/marcum-university">Marcum U</a> </li> <li><a href="https://www.marcumllp.com/firm/marcum-womens-initiative">Marcum Women’s Initiative</a> </li> <li><a href="https://www.marcumllp.com/firm/mission-philosophy">Mission & Philosophy</a> </li> <li class="mega-menu__hide"><a href="https://www.marcumllp.com/firm/marcum-foundation">Marcum Foundation</a> </li> <li class="mega-menu__hide"><a href="https://www.marcumllp.com/firm/international-capabilities">International Capabilities</a> </li> <li class="mega-menu__hide"><a href="https://www.marcumllp.com/firm/alumni">Alumni</a> </li> </ul> <div class="mega-menu"> <div class="row column">  <div class="mega-menu__row"> <div class="mega-menu__firm"> <div class="mega-menu__links"> <ul> <li ><a href="https://www.marcumllp.com/firm">Overview</a></li> <li ><a href="https://www.marcumllp.com/firm/client-service-standards">Client Experience</a></li> <li ><a href="https://www.marcumllp.com/careers/diversity-equity-inclusion">Diversity, Equity & Inclusion</a></li> <li ><a href="https://www.marcumllp.com/firm/marcum-affiliates">Marcum Affiliates</a></li> <li ><a href="https://www.marcumllp.com/firm/marcum-university">Marcum U</a></li> <li ><a href="https://www.marcumllp.com/firm/marcum-womens-initiative">Marcum Women’s Initiative</a></li> <li ><a href="https://www.marcumllp.com/firm/mission-philosophy">Mission & Philosophy</a></li> <li class="mega-menu__hide"><a href="https://www.marcumllp.com/firm/marcum-foundation">Marcum Foundation</a></li> <li class="mega-menu__hide"><a href="https://www.marcumllp.com/firm/international-capabilities">International Capabilities</a></li> <li class="mega-menu__hide"><a href="https://www.marcumllp.com/firm/alumni">Alumni</a></li> </ul> </div> <div class="mega-menu__cards mega-menu__cards--equal"> <div class="row xsmall-up-3"> <div class="column column-block"> <div class="card card--equal-col card--has-button zoom-trigger"> <a href="/firm/marcum-foundation" > <div class="card__image"> <div class="card__image-bg zoom-img" style="background-image: url('https://www.marcumllp.com/wp-content/uploads/nav-marcum-foundation-600x375.jpg');"></div> </div> <div class="card__body"> <h2 class="card__title">Marcum Foundation</h2> <div class="card__overview"> <p>The mission of the Marcum Foundation is to support causes that focus on improving the health & wellbeing of children.</p> </div> </div> <div class="card__action-container"> <div class="card__action"> <span class="card__action-center">Learn More</span> <span class="card__action-icon icon-arrow-right-long"></span> </div> </div> </a> </div> </div> <div class="column column-block"> <div class="card card--equal-col card--has-button zoom-trigger"> <a href="/firm/international-capabilities" > <div class="card__image"> <div class="card__image-bg zoom-img" style="background-image: url('https://www.marcumllp.com/wp-content/uploads/banner-feature-88-600x375.jpg');"></div> </div> <div class="card__body"> <h2 class="card__title">International Capabilities</h2> <div class="card__overview"> <p>We offer a full range of Assurance, Tax and Advisory services to clients operating businesses abroad.</p> </div> </div> <div class="card__action-container"> <div class="card__action"> <span class="card__action-center">Learn More</span> <span class="card__action-icon icon-arrow-right-long"></span> </div> </div> </a> </div> </div> <div class="column column-block"> <div class="card card--equal-col card--has-button zoom-trigger"> <a href="/firm/alumni" > <div class="card__image"> <div class="card__image-bg zoom-img" style="background-image: url('https://www.marcumllp.com/wp-content/uploads/nav-alumni-600x375.jpg');"></div> </div> <div class="card__body"> <h2 class="card__title">Alumni</h2> <div class="card__overview"> <p>The Marcum family consists of both current and past employees. We value relationships built through working together.</p> </div> </div> <div class="card__action-container"> <div class="card__action"> <span class="card__action-center">Learn More</span> <span class="card__action-icon icon-arrow-right-long"></span> </div> </div> </a> </div> </div> </div> </div> </div> </div>  </div> </div> </li> <li class="mega-drop mega-drop--mobile"><a href="https://www.marcumllp.com/people">People</a> <div class="mega-menu"> <div class="row column">  <div class="mega-menu__row mega-menu__row--image"> <div class="mega-menu__people"> <div class="people-filter">  <h3>Filter Alphabetically by Last Name</h3> <div class="people-filter__alpha"> <div class="people-filter__alpha-right"> <a class="button tiny secondary" href="/people"><span class="icon-globe icon-left"></span> View All</a> </div> <div class="people-filter__alpha-left"> <ul> <li><a href="/people?alpha_search=A">A</a></li> <li><a href="/people?alpha_search=B">B</a></li> <li><a href="/people?alpha_search=C">C</a></li> <li><a href="/people?alpha_search=D">D</a></li> <li><a href="/people?alpha_search=E">E</a></li> <li><a href="/people?alpha_search=F">F</a></li> <li><a href="/people?alpha_search=G">G</a></li> <li><a href="/people?alpha_search=H">H</a></li> <li><a href="/people?alpha_search=I">I</a></li> <li><a href="/people?alpha_search=J">J</a></li> <li><a href="/people?alpha_search=K">K</a></li> <li><a href="/people?alpha_search=L">L</a></li> <li><a href="/people?alpha_search=M">M</a></li> <li><a href="/people?alpha_search=N">N</a></li> <li><a href="/people?alpha_search=O">O</a></li> <li><a href="/people?alpha_search=P">P</a></li> <li><a href="/people?alpha_search=Q">Q</a></li> <li><a href="/people?alpha_search=R">R</a></li> <li><a href="/people?alpha_search=S">S</a></li> <li><a href="/people?alpha_search=T">T</a></li> <li><a href="/people?alpha_search=U">U</a></li> <li><a href="/people?alpha_search=V">V</a></li> <li><a href="/people?alpha_search=W">W</a></li> <li><a href="/people?alpha_search=X">X</a></li> <li><a href="/people?alpha_search=Y">Y</a></li> <li><a href="/people?alpha_search=Z">Z</a></li> </ul> </div> </div>   <h3>People Search</h3> <div class="people-filter__form"> <form> <div class="row"> <div class="medium-4 columns"> <input type="text" name="first_name" placeholder="First Name" /> </div> <div class="medium-4 columns"> <input type="text" name="last_name" placeholder="Last Name" /> </div> <div class="medium-4 columns"> <select name="job_title"> <option value="">--All Titles--</option> <option value="Chairman & CEO">Chairman & CEO</option> <option value="Vice Chairman">Vice Chairman</option> <option value="Vice President">Vice President</option> <option value="Leader">Leader</option> <option value="Regional Managing Partner">Regional Managing Partner</option> <option value="Office Managing Partner">Office Managing Partner</option> <option value="Regional Partner-in-Charge">Regional Partner-in-Charge</option> <option value="Partner-in-Charge">Partner-in-Charge</option> <option value="Managing Partner">Managing Partner</option> <option value="Senior Partner">Senior Partner</option> <option value="Partner">Partner</option> <option value="C-Level">C-Level</option> <option value="Senior Advisor">Senior Advisor</option> <option value="Managing Director">Managing Director</option> <option value="Senior Director">Senior Director</option> <option value="Director">Director</option> <option value="Principal">Principal</option> <option value="Senior Manager">Senior Manager</option> <option value="Manager">Manager</option> </select> </div> </div> <div class="row"> <div class="medium-6 large-4 columns"> <select name="industry"> <option value="">--All Industries--</option> <option value="Alternative Investments">Alternative Investments</option> <option value="Automotive">Automotive</option> <option value="Broker-Dealers">Broker-Dealers</option> <option value="Cannabis">Cannabis</option> <option value="Capital Markets">Capital Markets</option> <option value="Construction">Construction</option> <option value="Consumer & Industrial Products">Consumer & Industrial Products</option> <option value="Digital Assets & Blockchain">Digital Assets & Blockchain</option> <option value="Education">Education</option> <option value="Energy">Energy</option> <option value="Financial Institutions">Financial Institutions</option> <option value="Financial Services">Financial Services</option> <option value="Food & Beverage">Food & Beverage</option> <option value="Government">Government</option> <option value="Government Contractors">Government Contractors</option> <option value="Healthcare">Healthcare</option> <option value="Insurance">Insurance</option> <option value="Life Science & Biotech">Life Science & Biotech</option> <option value="Litigation Support">Litigation Support</option> <option value="Maritime">Maritime</option> <option value="Media, Gaming & Entertainment">Media, Gaming & Entertainment</option> <option value="Nonprofit & Social Sector">Nonprofit & Social Sector</option> <option value="Private Equity">Private Equity</option> <option value="Professional Employer Organizations">Professional Employer Organizations</option> <option value="Real Estate">Real Estate</option> <option value="Talent & Literary Agencies">Talent & Literary Agencies</option> <option value="Technology">Technology</option> </select> </div> <div class="medium-6 large-4 columns"> <select name="service"> <option value="">--All Services--</option> <option value="Tax & Business">Tax & Business</option> <option value="Assurance">Assurance</option> <option value="Advisory">Advisory</option> <option value="Managed Services">Managed Services</option> <option value="Marcum Technology">Marcum Technology</option> <option value="Marcum Canada">Marcum Canada</option> </select> </div> <div class="medium-6 large-4 columns end"> <select name="office"> <option value="">--All Offices--</option> <option value="Akron, OH">Akron, OH</option> <option value="Blue Bell, PA">Blue Bell, PA</option> <option value="Boca Raton, FL">Boca Raton, FL</option> <option value="Boston, MA">Boston, MA</option> <option value="Bridgehampton, NY">Bridgehampton, NY</option> <option value="Chicago, IL">Chicago, IL</option> <option value="Cleveland, OH (Downtown)">Cleveland, OH (Downtown)</option> <option value="Cleveland, OH (East)">Cleveland, OH (East)</option> <option value="Costa Mesa, CA">Costa Mesa, CA</option> <option value="Deerfield, IL">Deerfield, IL</option> <option value="Ellsworth, ME">Ellsworth, ME</option> <option value="Fort Lauderdale, FL">Fort Lauderdale, FL</option> <option value="Greenfield, MA">Greenfield, MA</option> <option value="Greenwich, CT">Greenwich, CT</option> <option value="Hartford, CT">Hartford, CT</option> <option value="Houston, TX">Houston, TX</option> <option value="Los Angeles, CA">Los Angeles, CA</option> <option value="Marlton, NJ">Marlton, NJ</option> <option value="Melville, NY">Melville, NY</option> <option value="Merrimack, NH">Merrimack, NH</option> <option value="Miami, FL">Miami, FL</option> <option value="Morristown, NJ">Morristown, NJ</option> <option value="Nashville, TN">Nashville, TN</option> <option value="New Haven, CT">New Haven, CT</option> <option value="New York City, NY">New York City, NY</option> <option value="Northfield, NJ">Northfield, NJ</option> <option value="Novi, MI">Novi, MI</option> <option value="Philadelphia, PA">Philadelphia, PA</option> <option value="Portland, ME">Portland, ME</option> <option value="Providence, RI">Providence, RI</option> <option value="Riverhead, NY">Riverhead, NY</option> <option value="Rochester, MI">Rochester, MI</option> <option value="Rockville, MD">Rockville, MD</option> <option value="Saddle Brook, NJ">Saddle Brook, NJ</option> <option value="San Francisco, CA">San Francisco, CA</option> <option value="San Jose, CA">San Jose, CA</option> <option value="St. Louis, MO">St. Louis, MO</option> <option value="Tampa, FL">Tampa, FL</option> <option value="Tinton Falls, NJ">Tinton Falls, NJ</option> <option value="Washington, DC">Washington, DC</option> <option value="West Hartford, CT">West Hartford, CT</option> <option value="West Palm Beach, FL">West Palm Beach, FL</option> <option value="Toronto, Ontario">Toronto, Ontario</option> <option value="Dublin, Ireland">Dublin, Ireland</option> <option value="Grand Cayman, BWI">Grand Cayman, BWI</option> </select> </div> </div> <div class="row column"> <button class="button tiny"><span class="icon-search icon-left"></span> Search</button> </div> </form> </div>  </div> </div> <div class="mega-menu__image" style="background-image:url('/wp-content/uploads/mega-menu-thumb-01.jpg')"> </div> </div>  </div> </div> </li> <li class="mega-drop mega-drop--mobile"><a href="https://www.marcumllp.com/insights">Insights</a> <div class="mega-menu"> <div class="row column">  <div class="mega-menu__row"> <div class="mega-menu__insights"> <div class="mega-menu__insights-left"> <div class="mega-menu__insights-links"> <div class="mega-menu__links"> <h3>By Service</h3> <ul> <li><a href="/insights?services=151">Advisory</a></li> <li><a href="/insights?services=99">Tax & Business</a></li> <li><a href="/insights?services=138">Assurance</a></li> </ul> </div> <div class="mega-menu__links"> <h3>Media</h3> <ul> <li><a href="/media/marcum-answers">Marcum Answers</a></li> <li><a href="/media/videos">Videos</a></li> </ul> </div> <div class="mega-menu__links"> <h3>Case Studies</h3> <ul> <li><a href="/case-studies">View All</a></li> </ul> </div> </div> <div class="mega-menu__insights-links"> <div class="mega-menu__links"> <h3>By Industry</h3> <ul> <li><a href="/insights?industry=Alternative%20Investments">Alternative Investments</a></li> <li><a href="/insights?industry=Construction">Construction</a></li> <li><a href="/insights?industry=Food%20%26%20Beverage">Food & Beverage</a></li> <li><a href="/insights?industry=Healthcare">Healthcare</a></li> <li><a href="/insights?industry=Nonprofit%20%26%20Social%20Sector">Nonprofit & Social Sector</a></li> <li><a href="/insights?industry=Technology">Technology</a></li> </ul> </div> <div class="mega-menu__links"> <h3>Surveys</h3> <ul> <li><a href="https://www.marcumhofstraceosurvey.com/" target="_blank">Marcum-Hofstra CEO Survey</a></li> <li><a href="/industries/construction/marcum-construction-survey">Marcum Construction Survey</a></li> <li><a href="https://info.marcumllp.com/2023-marcum-national-manufacturing-survey" target="_blank">Marcum Manufacturing Survey</a></li> </ul> </div> </div> </div> <div class="mega-menu__insights-right"> <div class="mega-menu__cards"> <div class="row small-up-2"> <div class="column"> <h3 class="mega-menu__title">2025 Tax Planning Guide</h3> <article class="card card--has-button zoom-trigger"> <div class="card__image"> <a href="/tax-guide"> <img class="zoom-img" src="/wp-content/uploads/2025-TaxPlanningGuide-nav.jpg" />  </a> </div> <div class="card__body"> <div class="card__overview"> <p>Practical insights and detailed strategies for businesses and individuals to maximize tax efficiency in 2025.</p> </div> <div class="mt4"> <a class="button tiny" href="/tax-guide">READ NOW</a> </div> </div> </article> </div> <div class="column"> <h3 class="mega-menu__title">Thoughts of the Week</h3> <article class="card card--has-button zoom-trigger"> <a href="https://www.marcumllp.com/thoughts-of-the-week/the-marcum-retrospective-part-6"> <div class="card__image"> <div class="card__image"> <img class="zoom-img" src="https://www.marcumllp.com/wp-content/uploads/totw-10182024-600x375.jpg" width="600" height="375" alt="The Marcum Retrospective – Part 6" title="The Marcum Retrospective – Part 6" /> </div> </div> <div class="card__body"> <div class="card__meta"> <span>October 18, 2024</span> </div> <h2 class="card__title">The Marcum Retrospective – Part 6</h2> <div class="card__overview"> <p>Thank you for allowing me to show up in your inbox every Friday morning and...</p> </div> </div> </a> </article> <a class="button tiny" href="/thoughts-of-the-week">View All</a> </div> </div> </div> </div> </div> </div>  </div> </div> </li> <li class="mega-drop"><a href="https://www.marcumllp.com/news-press-releases">News</a> <ul> <li><a href="https://www.marcumllp.com/news">As Seen In</a> </li> <li><a href="https://www.marcumllp.com/press-releases">Press Releases</a> </li> </ul> <div class="mega-menu"> <div class="row column">  <div class="mega-menu__row"> <div class="mega-menu__news"> <div class="mega-menu__news-left"> <h3 class="mega-menu__title">As Seen In</h3> <div class="news-grid"> <div class="news-grid__featured"> <article class="card card--no-box card--has-button zoom-trigger"> <a href="https://www.marcumllp.com/news/sean-saari-money-matters-tv-gift-tax"> <div class="card__image"> <div class="card__image"> <img class="zoom-img" src="https://www.marcumllp.com/wp-content/uploads/Sean-Saari-1-600x375.jpg" width="600" height="375" alt="" /> </div> </div> <div class="card__body"> <div class="card__meta"> <span>September 13, 2024</span> </div> <h2 class="card__title">Advisory Partner Sean Saari joins Marcum Wealth’s Jim Butler to discuss gift tax for Money Matters TV</h2> </div> <div class="card__action-container"> <div class="card__action"> <span class="card__action-center">Read More</span> <span class="card__action-icon icon-arrow-right-long"></span> </div> </div> </a> </article> </div> <div class="news-grid__addl"> <article class="card card--no-box card--has-button zoom-trigger"> <a href="https://www.marcumllp.com/news/louis-biscotti-forbes-deals-and-discounts-as-depriceflation-hits-retailers"> <div class="card__body"> <div class="card__meta"> <span>September 10, 2024</span> </div> <h2 class="card__title">Food & Beverage Leader Louis Biscotti details deals and discounts as depriceflation hits retailers for Forbes</h2> <div class="card__action"> <span class="card__action-center">Read More</span> <span class="card__action-icon icon-arrow-right-long"></span> </div> </div> </a> </article> <article class="card card--no-box card--has-button zoom-trigger"> <a href="https://www.marcumllp.com/news/heather-wilson-legal-intelligencer-expanded-irs-initiatives-and-investigations"> <div class="card__body"> <div class="card__meta"> <span>September 9, 2024</span> </div> <h2 class="card__title">Advisory Director Heather Wilson explores expanded IRS initiatives and investigations for The Legal Intelligencer</h2> <div class="card__action"> <span class="card__action-center">Read More</span> <span class="card__action-icon icon-arrow-right-long"></span> </div> </div> </a> </article> <a class="button tiny" href="/news">View All</a> </div> </div> </div> <div class="mega-menu__news-right"> <h3 class="mega-menu__title">Press Releases</h3> <article class="card card--no-box card--has-button zoom-trigger"> <a href="https://www.marcumllp.com/press-releases/marcums-latest-manufacturing-survey-reveals-resilience-amidst-challenges-and-highlights-strategic-shifts"> <div class="card__image"> <div class="card__image-labels"> <span class="card__image-label">Industrial Products</span> </div> <div class="card__image"> <img class="zoom-img" src="https://www.marcumllp.com/wp-content/uploads/pressrelease-2024-manufacturing-survey-600x375.jpg" width="600" height="375" alt="" /> </div> </div> <div class="card__body"> <div class="card__meta"> <span>October 18, 2024</span> </div> <h2 class="card__title">Marcum’s Latest Manufacturing Survey Reveals Resilience Amidst Challenges and Highlights Strategic Shifts</h2> </div> <div class="card__action-container"> <div class="card__action"> <span class="card__action-center">Read More</span> <span class="card__action-icon icon-arrow-right-long"></span> </div> </div> </a> </article> <div class="mt4"> <a class="button tiny" href="/press-releases">View All</a> </div> </div> </div> </div>  </div> </div> </li> <li class="mega-drop mega-drop--mobile"><a href="https://www.marcumllp.com/offices">Offices</a> <div class="mega-menu"> <div class="row column">  <div class="mega-menu__row"> <div class="mega-menu__offices">  <div class="mega-menu__offices-right"> <div class="mega-menu__offices-col"> <div class="mega-menu__links"> <ul class="four-column"> <li><a href="https://www.marcumllp.com/offices/akron-ohio">Akron, OH</a></li> <li><a href="https://www.marcumllp.com/offices/blue-bell-pennsylvania">Blue Bell, PA</a></li> <li><a href="https://www.marcumllp.com/offices/boca-raton-fl">Boca Raton, FL</a></li> <li><a href="https://www.marcumllp.com/offices/boston-massachusetts">Boston, MA</a></li> <li><a href="https://www.marcumllp.com/offices/bridgehampton-new-york">Bridgehampton, NY</a></li> <li><a href="https://www.marcumllp.com/offices/chicago-illinois">Chicago, IL</a></li> <li><a href="https://www.marcumllp.com/offices/cleveland-ohio">Cleveland, OH (Downtown)</a></li> <li><a href="https://www.marcumllp.com/offices/mayfield-village-ohio">Cleveland, OH (East)</a></li> <li><a href="https://www.marcumllp.com/offices/costa-mesa-california">Costa Mesa, CA</a></li> <li><a href="https://www.marcumllp.com/offices/deerfield-illinois">Deerfield, IL</a></li> <li><a href="https://www.marcumllp.com/offices/ellsworth-maine">Ellsworth, ME</a></li> <li><a href="https://www.marcumllp.com/offices/fort-lauderdale-florida">Fort Lauderdale, FL</a></li> <li><a href="https://www.marcumllp.com/offices/greenfield-massachusetts">Greenfield, MA</a></li> <li><a href="https://www.marcumllp.com/offices/greenwich-connecticut">Greenwich, CT</a></li> <li><a href="https://www.marcumllp.com/offices/hartford-connecticut">Hartford, CT</a></li> <li><a href="https://www.marcumllp.com/offices/houston-texas">Houston, TX</a></li> <li><a href="https://www.marcumllp.com/offices/los-angeles-california">Los Angeles, CA</a></li> <li><a href="https://www.marcumllp.com/offices/marlton-new-jersey">Marlton, NJ</a></li> <li><a href="https://www.marcumllp.com/offices/melville-new-york">Melville, NY</a></li> <li><a href="https://www.marcumllp.com/offices/merrimack-new-hampshire">Merrimack, NH</a></li> <li><a href="https://www.marcumllp.com/offices/miami-florida">Miami, FL</a></li> <li><a href="https://www.marcumllp.com/offices/morristown-new-jersey">Morristown, NJ</a></li> <li><a href="https://www.marcumllp.com/offices/nashville-tennessee">Nashville, TN</a></li> <li><a href="https://www.marcumllp.com/offices/new-haven-connecticut">New Haven, CT</a></li> <li><a href="https://www.marcumllp.com/offices/new-york-city-new-york">New York City, NY</a></li> <li><a href="https://www.marcumllp.com/offices/northfield-new-jersey">Northfield, NJ</a></li> <li><a href="https://www.marcumllp.com/offices/novi-mi">Novi, MI</a></li> <li><a href="https://www.marcumllp.com/offices/philadelphia-pennsylvania">Philadelphia, PA</a></li> <li><a href="https://www.marcumllp.com/offices/portland-maine">Portland, ME</a></li> <li><a href="https://www.marcumllp.com/offices/providence-ri">Providence, RI</a></li> <li><a href="https://www.marcumllp.com/offices/riverhead-new-york">Riverhead, NY</a></li> <li><a href="https://www.marcumllp.com/offices/rochester-mi">Rochester, MI</a></li> <li><a href="https://www.marcumllp.com/offices/rockville-maryland">Rockville, MD</a></li> <li><a href="https://www.marcumllp.com/offices/saddle-brook-new-jersey">Saddle Brook, NJ</a></li> <li><a href="https://www.marcumllp.com/offices/san-francisco-california">San Francisco, CA</a></li> <li><a href="https://www.marcumllp.com/offices/san-jose-california">San Jose, CA</a></li> <li><a href="https://www.marcumllp.com/offices/st-louis-missouri">St. Louis, MO</a></li> <li><a href="https://www.marcumllp.com/offices/tampa-florida">Tampa, FL</a></li> <li><a href="https://www.marcumllp.com/offices/tinton-falls-new-jersey">Tinton Falls, NJ</a></li> <li><a href="https://www.marcumllp.com/offices/washington-district-of-columbia">Washington, DC</a></li> <li><a href="https://www.marcumllp.com/offices/west-hartford-connecticut">West Hartford, CT</a></li> <li><a href="https://www.marcumllp.com/offices/west-palm-beach-florida">West Palm Beach, FL</a></li> </ul> </div> </div> <div class="mega-menu__offices-col"> <div class="mega-menu__links"> <h3>International</h3> <ul> <li><a href="https://www.marcumllp.com/offices/toronto-ontario">Toronto, Ontario</a></li> <li><a href="https://www.marcumllp.com/offices/dublin-ireland">Dublin, Ireland</a></li> <li><a href="https://www.marcumllp.com/offices/grand-cayman">Grand Cayman, BWI</a></li> </ul> </div> </div> </div> </div> </div>  </div> </div> </li> <li ><a target="_blank" href="https://careers.cbiz.com/">Careers</a> <ul> </ul> </li> </ul> </nav>   <div class="utility-links"> <ul> <li class="utility-links__search"><a class="js-search" href="#"><span class="icon-search"></span></a></li> <li class="utility-links__cta"><a class="button" href="/ask-marcum" rel="nofollow">Contact Us</a></li> </ul> </div>   <div class="site-search"> <div class="site-search__wrapper"> <div class="site-search__valign"> <div class="site-search__container"> <form class="js-search-form site-search__form" role="search" method="get" action="/search/"> <input type="hidden" autocomplete="off" readonly name="search" value="/search/" /> <input type="hidden" autocomplete="off" readonly name="search_pages" value="true"> <h3 class="site-search__headline">Search our Services and Industries</h3> <div class="site-search__row"> <input name="s" type="text" class="site-search__input site-search__input--keyword" placeholder="search by keyword..." /> </div> <button type="submit" class="site-search__button"><span class="icon-search icon-left"></span> <span class="site-search__button-text">Search</span></button> </form> <div class="site-search__bg" style="background-image:url('/wp-content/uploads/serach-bg.jpg')"> </div> </div> <button class="site-search__close js-site-search-close" type="button"><span class="icon-close"></span> Close</button> </div> </div> </div>   <div class="top-bar-mobile"> <div class="top-bar-mobile__container"> <div class="top-bar-mobile__links"> <ul> <li class="mobile-hide"><a target="_blank" href="https://www.marcumevents.com/">Events</a></li> <li><a href="https://www.marcumllp.com/newsletters">Newsletters</a></li> <li><a href="https://www.marcumllp.com/subscribe">Subscribe</a></li> <li><a target="_blank" href="https://marcumllp.sharefile.com">Client Portal</a></li> <li><a target="_blank" href="https://securepayment.link/marcumllp/">Make Payment</a></li> <li><a href="tel:+1-855-627-2861">(855) Marcum1</a></li> <li><a href="/cdn-cgi/l/email-protection#f59c9b939ab5989487968098999985db969a98">Email Us</a></li> </ul> </div> <div class="top-bar-mobile__social"> <ul> <li><a title="linkedin" target="_blank" href="https://www.linkedin.com/company/marcum-llp/"><span class="social-links__icon icon-linkedin"></span><span class="social-links__label">LinkedIn</span></a></li> <li><a title="facebook" target="_blank" href="https://www.facebook.com/MarcumLLP"><span class="social-links__icon icon-facebook"></span><span class="social-links__label">Facebook</span></a></li> <li><a title="twitter-x" target="_blank" href="https://twitter.com/MarcumLLP"><span class="social-links__icon icon-twitter-x"></span><span class="social-links__label">Twitter</span></a></li> <li><a title="instagram" target="_blank" href="https://www.instagram.com/MarcumLLP/"><span class="social-links__icon icon-instagram"></span><span class="social-links__label">Instagram</span></a></li> <li><a title="youtube" target="_blank" href="https://www.youtube.com/user/MarcumLLP/videos"><span class="social-links__icon icon-youtube"></span><span class="social-links__label">YouTube</span></a></li> </ul> </div> </div> </div>  </div> </div>   <div class="header__cta-mobile"> <a class="button" href="/ask-marcum" rel="nofollow">Contact Us</a> </div>   <button class="drawer-toggle reset" aria-label="Mobile Navigation"><span></span></button>  </div> </header> <div class="header-spacer"></div>   <div class="wrapper">  <main id="main" class="main" role="main" tabindex="-1">   <div class="detail detail--people">  <div class="post-header post-header--top"> <div class="row column"> <div class="post-header__nav" data-post-pagination='{"post_type":"insights","post_id":"29903"}'> <ul> <li><a href="https://www.marcumllp.com/insights/tax-implications-of-hiring-your-child-for-summer-employment"><div><span class="icon-angle-left"></span> Prev</div></a></li> <li><a href="/insights"><div><span class="icon-layers-line"></span> All</div></a></li> <li><a href="https://www.marcumllp.com/insights/restaurant-return-to-work-tax-credit-program-for-new-york-businesses"><div><span class="icon-angle-right"></span> Next</div></a></li> </ul> </div> <div class="post-header__share"> <span class="post-header__share-label">Share Post</span> <div class="dpsp-shortcode-wrapper dpsp-shape-rectangular dpsp-size-medium dpsp-column-auto dpsp-no-labels dpsp-show-on-mobile dpsp-button-style-8"><ul class="dpsp-networks-btns-wrapper dpsp-networks-btns-share dpsp-networks-btns-content dpsp-column-auto " style="padding:0;margin:0;list-style-type:none"> <li class="dpsp-network-list-item dpsp-network-list-item-facebook" style="float:left"> <a rel="nofollow noopener" href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.marcumllp.com%2Finsights%2Fus-fraud-and-enforcement-actions&t=U.S.%20Fraud%20and%20Enforcement%20Actions" class="dpsp-network-btn dpsp-facebook dpsp-no-label dpsp-first" target="_blank" aria-label="Share on Facebook" title="Share on Facebook" style="font-size:14px;padding:0rem;max-height:40px" > <span class="dpsp-network-icon "> <span class="dpsp-network-icon-inner" ><svg version="1.1" xmlns="http://www.w3.org/2000/svg" width="32" height="32" viewBox="0 0 18 32"><path d="M17.12 0.224v4.704h-2.784q-1.536 0-2.080 0.64t-0.544 1.92v3.392h5.248l-0.704 5.28h-4.544v13.568h-5.472v-13.568h-4.544v-5.28h4.544v-3.904q0-3.328 1.856-5.152t4.96-1.824q2.624 0 4.064 0.224z"></path></svg></span> </span> </a></li> <li class="dpsp-network-list-item dpsp-network-list-item-x" style="float:left"> <a rel="nofollow noopener" href="https://x.com/intent/tweet?text=U.S.%20Fraud%20and%20Enforcement%20Actions&url=https%3A%2F%2Fwww.marcumllp.com%2Finsights%2Fus-fraud-and-enforcement-actions" class="dpsp-network-btn dpsp-x dpsp-no-label" target="_blank" aria-label="Share on X" title="Share on X" style="font-size:14px;padding:0rem;max-height:40px" > <span class="dpsp-network-icon "> <span class="dpsp-network-icon-inner" ><svg version="1.1" xmlns="http://www.w3.org/2000/svg" width="32" height="32" viewBox="0 0 32 30"><path d="M30.3 29.7L18.5 12.4l0 0L29.2 0h-3.6l-8.7 10.1L10 0H0.6l11.1 16.1l0 0L0 29.7h3.6l9.7-11.2L21 29.7H30.3z M8.6 2.7 L25.2 27h-2.8L5.7 2.7H8.6z"></path></svg></span> </span> </a></li> <li class="dpsp-network-list-item dpsp-network-list-item-linkedin" style="float:left"> <a rel="nofollow noopener" href="https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.marcumllp.com%2Finsights%2Fus-fraud-and-enforcement-actions&title=U.S.%20Fraud%20and%20Enforcement%20Actions&summary=Despite%20the%20economic%20slowdown%20that%20occurred%20in%202020%20due%20to%20the%20coronavirus%20pandemic%2C%20we%20saw%20the%20first%20and%20second%20largest%20Foreign%20Corrupt%20Practices%20Act%20penalties%20of%20all%20time.&mini=true" class="dpsp-network-btn dpsp-linkedin dpsp-no-label" target="_blank" aria-label="Share on LinkedIn" title="Share on LinkedIn" style="font-size:14px;padding:0rem;max-height:40px" > <span class="dpsp-network-icon "> <span class="dpsp-network-icon-inner" ><svg version="1.1" xmlns="http://www.w3.org/2000/svg" width="32" height="32" viewBox="0 0 27 32"><path d="M6.24 11.168v17.696h-5.888v-17.696h5.888zM6.624 5.696q0 1.312-0.928 2.176t-2.4 0.864h-0.032q-1.472 0-2.368-0.864t-0.896-2.176 0.928-2.176 2.4-0.864 2.368 0.864 0.928 2.176zM27.424 18.72v10.144h-5.856v-9.472q0-1.888-0.736-2.944t-2.272-1.056q-1.12 0-1.856 0.608t-1.152 1.536q-0.192 0.544-0.192 1.44v9.888h-5.888q0.032-7.136 0.032-11.552t0-5.28l-0.032-0.864h5.888v2.56h-0.032q0.352-0.576 0.736-0.992t0.992-0.928 1.568-0.768 2.048-0.288q3.040 0 4.896 2.016t1.856 5.952z"></path></svg></span> </span> </a></li> <li class="dpsp-network-list-item dpsp-network-list-item-print" style="float:left"> <a rel="nofollow noopener" href="#" class="dpsp-network-btn dpsp-print dpsp-no-label dpsp-last" target="_blank" aria-label="Print this webpage" title="Print this webpage" style="font-size:14px;padding:0rem;max-height:40px" > <span class="dpsp-network-icon "> <span class="dpsp-network-icon-inner" ><svg version="1.1" xmlns="http://www.w3.org/2000/svg" width="32" height="32" viewBox="0 0 30 32"><path d="M27.712 9.152c1.28 0 2.4 1.12 2.4 2.496v11.712c0 1.344-1.12 2.464-2.4 2.464h-2.432l1.088 4.896h-22.112l0.864-4.896h-2.624c-1.44 0-2.496-1.12-2.496-2.464v-11.712c0-1.376 1.056-2.496 2.496-2.496h3.072v-3.744h1.088v-4.128h16.864v4.128h1.088v3.744h3.104zM7.776 2.784v9.344h14.624v-9.344h-14.624zM4.16 15.232c0.96 0 1.76-0.768 1.76-1.728 0-0.896-0.8-1.696-1.76-1.696-0.928 0-1.728 0.8-1.728 1.696 0 0.96 0.8 1.728 1.728 1.728zM6.176 29.248h18.144l-1.504-7.744h-15.488zM14.24 25.632h-4.448v-1.12h4.448v1.12zM20.576 25.632h-4.448v-1.12h4.448v1.12z"></path></svg></span> </span> </a></li> </ul></div> </div> </div> </div>   <article class="section post-body pt8"> <div class="row row-site column"> <div class="post-body__header"> <span class="post-body__label label" data-aos="fade-up-xsmall" data-aos-delay="50">May 24, 2021</span> <h1 class="post-body__headline" data-aos="fade-up-xsmall" data-aos-delay="100">U.S. Fraud and Enforcement Actions</h1> </div> <div class="post-body__image" data-aos="fade-up-xsmall" data-aos-delay="300"> <img src="https://www.marcumllp.com/wp-content/uploads/insights-fraud-enforcement-actions-960x600.jpg" width="960" height="600" alt="U.S. Fraud and Enforcement Actions" title="U.S. Fraud and Enforcement Actions" /> <a class="post-body__image-label" href="https://www.marcumllp.com/services/advisory/valuation-forensic-litigation-services/investigations-forensic-accounting-integrity-services"><span>Investigations, Forensic Accounting & Integrity Services</span></a> </div> <div class="row"> <div class="large-11 xlarge-10 xxlarge-8 large-centered column article pb5" data-aos="fade-in" data-aos-delay="100"> <span id="dpsp-post-content-markup" data-image-pin-it="false"></span><p>The past year has brought about changes to how companies do business, as well as how regulators handle enforcement action. Despite the economic slowdown that occurred in 2020 due to the coronavirus pandemic, we saw the first and second largest <a href="/services/advisory/valuation-forensic-litigation-services/investigations-forensic-accounting-integrity-services/foreign-corruption-practices-act">Foreign Corrupt Practices Act</a> (“FCPA”) penalties of all time and a record number of whistleblower complaints and awards. This article reflects on the U.S. Department of Justice (“DOJ”) and U.S. Securities and Exchange Commission (“SEC”) actions in 2020, as well as new guidance that companies should consider as they set their priorities and objectives for the coming years.</p> <h3 class="h2">U.S. DEPARTMENT OF JUSTICE<sup>1</sup></h3> <p>The DOJ Fraud Section investigates and prosecutes white-collar crime and has three litigating units: FCPA Unit, Health Care Fraud Unit, and Market Integrity and Major Frauds Unit.</p> <p>The FCPA Unit charged 28 individuals and convicted 15 individuals in 2020. The FCPA Unit had eight corporate resolutions involving the imposition of $7.84 billion in global penalties and $3.33 billion in U.S. penalties. Notable cases included the following:</p> <ul class="bullets"> <li>Airbus SE agreed to pay combined penalties of $3.9 billion to resolve charges with the U.S., France, and UK authorities related to the payment of bribes to foreign officials, including Chinese officials, to obtain and retain business.</li> <li>The Goldman Sachs Group, Inc. entered into a deferred prosecution agreement and agreed to pay a penalty and disgorgement of more than $2.9 billion to resolve charges relates to FCPA violations in Malaysia.</li> </ul> <p>The Health Care Fraud Unit charged 167 individuals and convicted 144 in 2020. Significant initiatives included the following:</p> <ul class="bullets"> <li>The National Health Care Fraud and Opioid Takedown in September 2020, executed in collaboration with other federal and state agencies, involved $6 billion in alleged losses and over $30 million in prescribed opioid doses.</li> <li>A COVID-19 fraud working group was established with other law enforcement and public health agencies to combat health care fraud that emerged during the COVID-19 crisis.</li> </ul> <p>The Market Integrity and Major Frauds unit charged 131 individuals and obtained 54 convictions. There were five corporate resolutions involving the imposition of $1.06 billion in U.S. monetary penalties. Significant actions included the following:</p> <ul class="bullets"> <li>The investigation and prosecution of Paycheck Protection Program fraud, including over $260 million of attempted loss, over $130 million of actual loss, and over $64 million of seized / frozen funds.</li> <li>JPMorgan Chase & Co. entered into a deferred prosecution agreement to resolve criminal charges related to unlawful trading of precious metals and U.S. Treasury futures, including a $920 million payment covering the penalty, disgorgement, and victim compensation.</li> </ul> <h3 class="h2">U.S. SECURITIES AND EXCHANGE COMMISSION<sup>2</sup></h3> <p>Despite the challenges of performing its work remotely, the SEC Division of Enforcement (“the Division”) reported an increase in tips and actions during 2020. From mid-March through the end of its fiscal year, the Division triaged 16,000 tips, complaints, and referrals (a 71% increase from the same period in 2019) and opened more than 150 COVID-related inquiries and investigations.</p> <p>Throughout the full 2020 fiscal year, the Division of Enforcement brought 715 enforcement actions, 72% of which included charges against one or more individuals. The Division also obtained more than 475 bars or suspensions against market participants and suspended the trading of securities for 196 issuers. It triaged 23,650 tips, complaints, and referrals, opening approximately 1,200 inquiries and investigations.</p> <p>The SEC’s mission includes distributing monies to harmed investors. In fiscal year 2020, the SEC created a new office to oversee the collection of monetary judgments and return to investors, and more than $600 million was distributed to harmed investors.</p> <p>In addition, fiscal 2020 was a record year for the SEC’s whistleblower program. The SEC issued $175 million in whistleblower awards to 39 individuals, including its largest-ever award to one individual, on October 22, 2020, for $114 million.</p> <h3 class="h2">GUIDANCE FOR COMPANIES</h3> <p>In June 2020, the DOJ issued refined Evaluation of Corporate Compliance Programs Guidance. <a href="/insights/focus-on-effective-compliance-programs">Click here</a> for more information about effective compliance programs, and the fines and penalties for violations of FCPA.</p> <p>In July 2020, the DOJ and SEC jointly released the Second Edition of their Resource Guide to the U.S. FCPA. The Second Edition includes references to new cases and case law developments. It also speaks to mergers and acquisitions and acknowledges the limitations of pre-acquisition due diligence, while also stating that the DOJ and SEC will assess acquirers’ post-acquisition due diligence procedures when it comes to the determination of successor liability. In addition, the updated guide includes a new focus on how companies handle investigations, adding a section entitled “Investigation, Analysis, and Remediation of Misconduct as a Hallmark of an Effective Compliance Program,” which explains, “The truest measure of an effective compliance program is how it responds to misconduct.”</p> <p><strong><a href="/services/advisory/valuation-forensic-litigation-services/investigations-forensic-accounting-integrity-services">Marcum’s forensic practice</a> can assist organizations understand risks, respond to inquiries and investigations by regulators, and conduct internal investigations of alleged misconduct. Contact your Marcum advisory professional for assistance.</strong></p> <h3>Sources</h3> <ol> <li>United States Department of Justice Criminal Division: Fraud Section 2020 Year in Review via <a href="https://www.justice.gov/criminal-fraud/file/1370171/download" rel="noopener" target="_blank">https://www.justice.gov/criminal-fraud/file/1370171/download</a></li> <li>United States Securities and Exchange Commission Division of Enforcement: 2020 Annual Report via <a href="https://www.sec.gov/files/enforcement-annual-report-2020.pdf" rel="noopener" target="_blank">https://www.sec.gov/files/enforcement-annual-report-2020.pdf</a></li> <li><a href="https://www.justice.gov/criminal-fraud/page/file/937501/download" rel="noopener" target="_blank">https://www.justice.gov/criminal-fraud/page/file/937501/download</a></li> <li><a href="https://www.justice.gov/criminal-fraud/file/1306671/download" rel="noopener" target="_blank">https://www.justice.gov/criminal-fraud/file/1306671/download</a></li> </ol> </div> </div> </div> </article>   <div class="post-body__meta post-body__grid"> <div class="news-grid news-grid--main"> <div class="row row-site column"> <h3 class="h1 mb4" data-aos="fade-right" data-aos-delay="200">Related Insights & News</h3> </div> <div class="row row-site"> <div class="columns large-4"> <div class="news-grid__featured"> <article class="card card--has-button zoom-trigger"> <a href="https://www.marcumllp.com/insights/why-specialized-msps-are-an-absolute-must-for-financial-institutions"> <div class="card__image"> <div class="card__image-labels"> <span class="card__image-label">Insights</span> </div> <div class="card__image"> <img class="zoom-img" src="https://www.marcumllp.com/wp-content/uploads/insights-why-specialized-msps-are-an-absolute-must-for-financial-institutions-600x375.jpg" width="600" height="375" alt="Why Specialized MSPs are an Absolute Must for Financial Institutions" title="Why Specialized MSPs are an Absolute Must for Financial Institutions" /> </div> </div> <div class="card__body"> <div class="card__meta"> <span>October 24, 2024</span> </div> <h2 class="card__title">Why Specialized MSPs are an Absolute Must for Financial Institutions</h2> <div class="card__overview"> <p>Find out why financial institutions need specialized managed service providers (MSPs) and how to pick the best one.</p> </div> <div class="card__action"> <span class="card__action-center">Read More</span> <span class="card__action-icon icon-arrow-right-long"></span> </div> </div> </a> </article> </div> </div> <div class="columns large-8"> <div class="news-grid__addl"> <div class="row medium-up-2"> <div class="columns"> <article class="card card--has-button zoom-trigger matchHeight"> <a href="https://www.marcumllp.com/insights/risks-and-rewards-a-guide-to-understanding-social-media-influencer-income-for-valuation-professionals"> <div class="card__body"> <span class="card__label">Insights</span> <div class="card__meta"> <span>October 17, 2024</span> </div> <h2 class="card__title">Risks and Rewards: A Guide to Understanding Social Media Influencer Income for Valuation Professionals</h2> <div class="card__action"> <span class="card__action-center">Read More</span> <span class="card__action-icon icon-arrow-right-long"></span> </div> </div> </a> </article> </div> <div class="columns"> <article class="card card--has-button zoom-trigger matchHeight"> <a href="https://www.marcumllp.com/insights/data-anonymization-balancing-privacy-and-usability"> <div class="card__body"> <span class="card__label">Insights</span> <div class="card__meta"> <span>October 17, 2024</span> </div> <h2 class="card__title">Data Anonymization: Balancing Privacy and Usability</h2> <div class="card__action"> <span class="card__action-center">Read More</span> <span class="card__action-icon icon-arrow-right-long"></span> </div> </div> </a> </article> </div> <div class="columns"> <article class="card card--has-button zoom-trigger matchHeight"> <a href="https://www.marcumllp.com/insights/inside-campaign-finance-understanding-legal-contributions-and-dark-money"> <div class="card__body"> <span class="card__label">Insights</span> <div class="card__meta"> <span>October 17, 2024</span> </div> <h2 class="card__title">Inside Campaign Finance: Understanding Legal Contributions and Dark Money</h2> <div class="card__action"> <span class="card__action-center">Read More</span> <span class="card__action-icon icon-arrow-right-long"></span> </div> </div> </a> </article> </div> <div class="columns"> <article class="card card--has-button zoom-trigger matchHeight"> <a href="https://www.marcumllp.com/insights/cyber-insurance-a-safety-net-not-a-substitute-for-security"> <div class="card__body"> <span class="card__label">Insights</span> <div class="card__meta"> <span>October 15, 2024</span> </div> <h2 class="card__title">Cyber Insurance: A Safety Net, Not a Substitute, for Security</h2> <div class="card__action"> <span class="card__action-center">Read More</span> <span class="card__action-icon icon-arrow-right-long"></span> </div> </div> </a> </article> </div> </div> </div> </div> </div> </div> </div>  <div class="post-body__meta post-body_slider mb10">   <section class="section section-- pt pb border-top"> <div class="card-carousel"> <div class="card-carousel__header" data-aos="fade-in"> <div class="row row-site column"> <h3 class="h1" data-aos="fade-right" data-aos-delay="200">Upcoming Events</h3> <div class="card-carousel__arows"> <button class="slick-prev slick-arrow" aria-label="Previous" type="button"><span class="icon-arrow-left-long"></span></button> <button class="slick-next slick-arrow" aria-label="Next" type="button"><span class="icon-arrow-right-long"></span></button> </div> </div> </div> <div class="card-carousel__slider"> <div class="event-card-carousel">  <div class="card-carousel__slides"> <div class="card-carousel__slides-block "> <article class="card card--has-button zoom-trigger"> <a href="//www.marcumevents.com/events/post-election-tax-strategies-for-contractors-your-year-end-action-plan-revealed" target="_blank"> <div class="card__image"> <div class="card__image-labels"> <span class="card__image-label">Events</span> </div> <div class="card__image"> <img class="zoom-img" src="https://www.marcumllp.com/wp-content/uploads/sites/2/2024/11/social-contractor-tax-strategy-600x375.jpg" width="600" height="375" alt="Post-Election Tax Strategies for Contractors – Your Year-End Action Plan Revealed!" title="Post-Election Tax Strategies for Contractors – Your Year-End Action Plan Revealed!" /> </div> </div> <div class="card__body matchme"> <div class="card__meta"> <span>December 2, 2024</span> </div> <h2 class="card__title">Post-Election Tax Strategies for Contractors – Your Year-End Action Plan Revealed!</h2> <p class="greene"></p> </div> <div class="card__action-container"> <div class="card__action"> <span class="card__action-center">Event Details</span> <span class="card__action-icon icon-arrow-right-long"></span> </div> </div> </a> </article> </div> </div>   <div class="card-carousel__slides"> <div class="card-carousel__slides-block "> <article class="card card--has-button zoom-trigger"> <a href="//www.marcumevents.com/events/tax-update-for-investment-funds-and-managers-2024" target="_blank"> <div class="card__image"> <div class="card__image-labels"> <span class="card__image-label">Events</span> </div> <div class="card__image"> <img class="zoom-img" src="https://www.marcumllp.com/wp-content/uploads/sites/2/2024/11/social-investment-funds-600x375.jpg" width="600" height="375" alt="Tax Update for Investment Funds and Managers" title="Tax Update for Investment Funds and Managers" /> </div> </div> <div class="card__body matchme"> <div class="card__meta"> <span>December 4, 2024</span> </div> <h2 class="card__title">Tax Update for Investment Funds and Managers</h2> <p class="greene"></p> </div> <div class="card__action-container"> <div class="card__action"> <span class="card__action-center">Event Details</span> <span class="card__action-icon icon-arrow-right-long"></span> </div> </div> </a> </article> </div> </div>   <div class="card-carousel__slides"> <div class="card-carousel__slides-block "> <article class="card card--has-button zoom-trigger"> <a href="//www.marcumevents.com/events/the-new-brewer-an-exploration-of-market-changes-in-maines-craft-beer-industry" target="_blank"> <div class="card__image"> <div class="card__image-labels"> <span class="card__image-label">Events</span> </div> <div class="card__image"> <img class="zoom-img" src="https://www.marcumllp.com/wp-content/uploads/sites/2/2022/10/social-drinking-beer-600x375.jpg" width="600" height="375" alt="The New Brewer: An Exploration of Market Changes in Maine’s Craft Beer Industry" title="The New Brewer: An Exploration of Market Changes in Maine’s Craft Beer Industry" /> </div> </div> <div class="card__body matchme"> <div class="card__meta"> <span>December 5, 2024</span> </div> <h2 class="card__title">The New Brewer: An Exploration of Market Changes in Maine’s Craft Beer Industry</h2> <p class="greene">Portland, ME</p> </div> <div class="card__action-container"> <div class="card__action"> <span class="card__action-center">Event Details</span> <span class="card__action-icon icon-arrow-right-long"></span> </div> </div> </a> </article> </div> </div>   <div class="card-carousel__slides"> <div class="card-carousel__slides-block "> <article class="card card--has-button zoom-trigger"> <a href="//www.marcumevents.com/events/most-common-questions-on-the-form-990" target="_blank"> <div class="card__image"> <div class="card__image-labels"> <span class="card__image-label">Events</span> </div> <div class="card__image"> <img class="zoom-img" src="https://www.marcumllp.com/wp-content/uploads/sites/2/2024/10/social-question-jar-600x375.jpg" width="600" height="375" alt="Most Common Questions on the Form 990" title="Most Common Questions on the Form 990" /> </div> </div> <div class="card__body matchme"> <div class="card__meta"> <span>December 10, 2024</span> </div> <h2 class="card__title">Most Common Questions on the Form 990</h2> <p class="greene"></p> </div> <div class="card__action-container"> <div class="card__action"> <span class="card__action-center">Event Details</span> <span class="card__action-icon icon-arrow-right-long"></span> </div> </div> </a> </article> </div> </div>   <div class="card-carousel__slides"> <div class="card-carousel__slides-block "> <article class="card card--has-button zoom-trigger"> <a href="//www.marcumevents.com/events/cocktails-conversations-hartford-12122024" target="_blank"> <div class="card__image"> <div class="card__image-labels"> <span class="card__image-label">Events</span> </div> <div class="card__image"> <img class="zoom-img" src="https://www.marcumllp.com/wp-content/uploads/sites/2/2024/10/social-cocktails-conversations-2024-600x375.jpg" width="600" height="375" alt="Cocktails & Conversations" title="Cocktails & Conversations" /> </div> </div> <div class="card__body matchme"> <div class="card__meta"> <span>December 12, 2024</span> </div> <h2 class="card__title">Cocktails & Conversations</h2> <p class="greene">Hartford, CT</p> </div> <div class="card__action-container"> <div class="card__action"> <span class="card__action-center">Event Details</span> <span class="card__action-icon icon-arrow-right-long"></span> </div> </div> </a> </article> </div> </div>   <div class="card-carousel__slides"> <div class="card-carousel__slides-block "> <article class="card card--has-button zoom-trigger"> <a href="//www.marcumevents.com/events/accounting-regulatory-update-and-financial-reporting-for-alternative-investment-funds-2024" target="_blank"> <div class="card__image"> <div class="card__image-labels"> <span class="card__image-label">Events</span> </div> <div class="card__image"> <img class="zoom-img" src="https://www.marcumllp.com/wp-content/uploads/sites/2/2024/11/social-investment-funds-600x375.jpg" width="600" height="375" alt="Accounting/Regulatory Update and Financial Reporting for Alternative Investment Funds" title="Accounting/Regulatory Update and Financial Reporting for Alternative Investment Funds" /> </div> </div> <div class="card__body matchme"> <div class="card__meta"> <span>December 17, 2024</span> </div> <h2 class="card__title">Accounting/Regulatory Update and Financial Reporting for Alternative Investment Funds</h2> <p class="greene"></p> </div> <div class="card__action-container"> <div class="card__action"> <span class="card__action-center">Event Details</span> <span class="card__action-icon icon-arrow-right-long"></span> </div> </div> </a> </article> </div> </div>   <div class="card-carousel__slides"> <div class="card-carousel__slides-block "> <article class="card card--has-button zoom-trigger"> <a href="//www.marcumevents.com/events/2024-year-end-tax-forum-nashville" target="_blank"> <div class="card__image"> <div class="card__image-labels"> <span class="card__image-label">Events</span> </div> <div class="card__image"> <img class="zoom-img" src="https://www.marcumllp.com/wp-content/uploads/sites/2/2024/10/social-YETF-2024-600x375.jpg" width="600" height="375" alt="2024 CBIZ/Holland & Knight Nashville Year-End Tax Forum" title="2024 CBIZ/Holland & Knight Nashville Year-End Tax Forum" /> </div> </div> <div class="card__body matchme"> <div class="card__meta"> <span>December 17, 2024</span> </div> <h2 class="card__title">2024 CBIZ/Holland & Knight Nashville Year-End Tax Forum</h2> <p class="greene">Nashville, TN</p> </div> <div class="card__action-container"> <div class="card__action"> <span class="card__action-center">Event Details</span> <span class="card__action-icon icon-arrow-right-long"></span> </div> </div> </a> </article> </div> </div>   <div class="card-carousel__slides"> <div class="card-carousel__slides-block "> <article class="card card--has-button zoom-trigger"> <a href="//www.marcumevents.com/events/maximizing-direct-pay-opportunities-for-your-nonprofit" target="_blank"> <div class="card__image"> <div class="card__image-labels"> <span class="card__image-label">Events</span> </div> <div class="card__image"> <img class="zoom-img" src="https://www.marcumllp.com/wp-content/uploads/sites/2/2024/09/social-renewable-energy-investment-600x375.jpg" width="600" height="375" alt="Maximizing Direct Pay Opportunities for Your Nonprofit" title="Maximizing Direct Pay Opportunities for Your Nonprofit" /> </div> </div> <div class="card__body matchme"> <div class="card__meta"> <span>December 18, 2024</span> </div> <h2 class="card__title">Maximizing Direct Pay Opportunities for Your Nonprofit</h2> <p class="greene"></p> </div> <div class="card__action-container"> <div class="card__action"> <span class="card__action-center">Event Details</span> <span class="card__action-icon icon-arrow-right-long"></span> </div> </div> </a> </article> </div> </div>   <div class="card-carousel__slides"> <div class="card-carousel__slides-block "> <article class="card card--has-button zoom-trigger"> <a href="//www.marcumevents.com/events/leading-gen-z-optimizing-teamwork-and-performance-in-the-construction-industry" target="_blank"> <div class="card__image"> <div class="card__image-labels"> <span class="card__image-label">Events</span> </div> <div class="card__image"> <img class="zoom-img" src="https://www.marcumllp.com/wp-content/uploads/sites/2/2024/09/header-constuction-workers-hardhats-600x375.jpg" width="600" height="375" alt="Leading Gen Z: Optimizing Teamwork and Performance in the Construction Industry" title="Leading Gen Z: Optimizing Teamwork and Performance in the Construction Industry" /> </div> </div> <div class="card__body matchme"> <div class="card__meta"> <span>January 21, 2025</span> </div> <h2 class="card__title">Leading Gen Z: Optimizing Teamwork and Performance in the Construction Industry</h2> <p class="greene"></p> </div> <div class="card__action-container"> <div class="card__action"> <span class="card__action-center">Event Details</span> <span class="card__action-icon icon-arrow-right-long"></span> </div> </div> </a> </article> </div> </div>   <div class="card-carousel__slides"> <div class="card-carousel__slides-block "> <article class="card card--has-button zoom-trigger"> <a href="//www.marcumevents.com/events/human-resources-role-in-unionization-process-for-nonprofits" target="_blank"> <div class="card__image"> <div class="card__image-labels"> <span class="card__image-label">Events</span> </div> <div class="card__image"> <img class="zoom-img" src="https://www.marcumllp.com/wp-content/uploads/sites/2/2024/10/header-braided-ropes-600x375.jpg" width="600" height="375" alt="HR’s Role in Unionization Process for Nonprofits" title="HR’s Role in Unionization Process for Nonprofits" /> </div> </div> <div class="card__body matchme"> <div class="card__meta"> <span>January 22, 2025</span> </div> <h2 class="card__title">HR’s Role in Unionization Process for Nonprofits</h2> <p class="greene"></p> </div> <div class="card__action-container"> <div class="card__action"> <span class="card__action-center">Event Details</span> <span class="card__action-icon icon-arrow-right-long"></span> </div> </div> </a> </article> </div> </div>  </div> </div> </div> </section>   </div>  <div class="post-body__meta post-body__related-links mb10"> <div class="row row-site column"> <div> <h3 class="h1" data-aos="fade-right" data-aos-delay="200">Related Services</h3> <p> <a href="https://www.marcumllp.com/services/advisory/valuation-forensic-litigation-services/investigations-forensic-accounting-integrity-services">Investigations, Forensic Accounting & Integrity Services</a>, <a href="https://www.marcumllp.com/services/advisory/valuation-forensic-litigation-services">Valuation, Forensic & Litigation Services</a>, <a href="https://www.marcumllp.com/services/advisory/valuation-forensic-litigation-services/investigations-forensic-accounting-integrity-services/foreign-corruption-practices-act">Foreign Corruption Practices Act</a>, <a href="https://www.marcumllp.com/services/advisory">Advisory</a></p> </div> </div> </div>      <section class="section section--white"> <div class="banner-card banner-card--right"> <div class="banner-card__inner"> <div class="banner-card__bg" style="background-image:url('https://www.marcumllp.com/wp-content/uploads/page-banner-card-ask-marcum.jpg')"> </div> <div class="banner-card__container"> <div class="row row-site column"> <div class="banner-card__body body-bullets"> <h3 class="h1">Have a Question? Ask Marcum</h3> <div><div>  <script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script><script charset="utf-8" type="text/javascript" src="//js.hsforms.net/forms/v2.js"></script> <script> hbspt.forms.create({ portalId: "136649", formId: "41bc8e07-ae63-471d-98d9-b753066997b0" }); </script> </div> </div> </div> </div> </div> </div> </div> </section>   </div>  <script type="application/ld+json"> { "@context": "http://schema.org", "@type": "NewsArticle", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://www.marcumllp.com/insights/us-fraud-and-enforcement-actions" }, "headline": "U.S. Fraud and Enforcement Actions", "image": [ "https://www.marcumllp.com/wp-content/uploads/insights-fraud-enforcement-actions.jpg" ], "datePublished": "2021-05-24T09:17:28-0400", "dateModified": "2023-06-29T07:20:31-0400", "author": { "@type": "Person", "name": "" }, "publisher": { "@type": "Organization", "name": "Marcum LLP", "logo": { "@type": "ImageObject", "url": "https://www.marcumllp.com/wp-content/uploads/marcum-llp-logo-1.png" } }, "description": "Despite the economic slowdown that occurred in 2020 due to the coronavirus pandemic, we saw the first and second largest Foreign Corrupt Practices Act penalties of all time. " } </script>   </main>   <footer class="footer" role="contentinfo">  <div class="footer__subscribe"> <div class="row row-site column"> <div class="footer__subscribe-left"> <h3 class="footer__subscribe-headline">Stay in Touch.</h3> <h4 class="footer__subscribe-subtitle">Sign Up for Marcum’s Newsletters.</h4> </div> <div class="footer__subscribe-right"> <a class="footer__subscribe__button button secondary" href="/subscribe">Subscribe</a> </div> </div> </div>   <div class="footer__top"> <div class="row row-site column"> <div class="footer__top-links"> <ul> <li><a href="https://www.marcumllp.com/services">Services</a></li> <li><a href="https://www.marcumllp.com/industries">Industries</a></li> <li><a href="https://www.marcumllp.com/firm">Firm</a></li> <li><a href="https://www.marcumllp.com/people">People</a></li> <li><a href="https://www.marcumllp.com/insights">Insights</a></li> <li><a href="/news">News</a></li> <li><a href="https://www.marcumllp.com/offices">Offices</a></li> </ul> </div> <div class="footer__top-social"> <span class="footer__top-social-label">Connect With Us</span> <ul> <li><a title="linkedin" target="_blank" href="https://www.linkedin.com/company/marcum-llp/"><span class="social-links__icon icon-linkedin"></span><span class="social-links__label">LinkedIn</span></a></li> <li><a title="facebook" target="_blank" href="https://www.facebook.com/MarcumLLP"><span class="social-links__icon icon-facebook"></span><span class="social-links__label">Facebook</span></a></li> <li><a title="twitter-x" target="_blank" href="https://twitter.com/MarcumLLP"><span class="social-links__icon icon-twitter-x"></span><span class="social-links__label">Twitter</span></a></li> <li><a title="instagram" target="_blank" href="https://www.instagram.com/MarcumLLP/"><span class="social-links__icon icon-instagram"></span><span class="social-links__label">Instagram</span></a></li> <li><a title="youtube" target="_blank" href="https://www.youtube.com/user/MarcumLLP/videos"><span class="social-links__icon icon-youtube"></span><span class="social-links__label">YouTube</span></a></li> </ul> </div> </div> </div>   <div class="footer__middle"> <div class="row row-site column"> <div class="footer__middle-container"> <div class="footer__middle-col footer__middle-col--1"> <h3 class="footer__middle-title">About Marcum LLP</h3> <div class="footer__about"> <p>Marcum LLP is a national accounting and advisory services firm dedicated to helping entrepreneurial, middle-market companies and high net worth individuals achieve their goals. Since 1951, clients have chosen Marcum for our insightful guidance in helping them forge pathways to success, whatever challenges they’re facing.</p> <a class="text-button tiny" href="/firm" >Learn More <span class="icon-right icon-arrow-right-long"></span></a> </div> </div> <div class="footer__middle-col footer__middle-col--2"> <h3 class="footer__middle-title">Offices</h3> <div class="footer__addr"> <p class="footer__addr-hq"><span class="footer__addr-title">Headquarters</span> 730 3rd Avenue<br /> 11th Floor<br /> New York, NY 10017 <br /></p> <p class="footer__addr-link"><a class="text-button tiny" href="/offices">Find an Office <span class="icon-arrow-right-long"></span></a></p> </div> <h3 class="footer__middle-title">Contact Us</h3> <ul> <li><a href="tel:+1-855-627-2861">(855) MARCUM1</a></li> <li><a href="/cdn-cgi/l/email-protection#5b32353d341b363a29382e3637372b75383436"><span class="__cf_email__" data-cfemail="1f767179705f727e6d7c6a7273736f317c7072">[email protected]</span></a></li> </ul> </div> <div class="footer__middle-col footer__middle-col--3"> <h3 class='footer__middle-title'>Affiliations</h3><div class='footer__logos'><a href='https://www.marcumllp.com/firm/international-capabilities'><img width="190" height="80" src="https://www.marcumllp.com/wp-content/uploads/LEA-1.png" class="attachment-full size-full" alt="" decoding="async" loading="lazy" /></a><a href='https://www.marcumllp.com/firm/international-capabilities'><img width="190" height="80" src="https://www.marcumllp.com/wp-content/uploads/ecovis.jpg" class="attachment-full size-full" alt="" decoding="async" loading="lazy" /></a></div> </div> <div class="footer__middle-col footer__middle-col--4"> <h3 class="footer__middle-title">Foundation</h3> <div class="footer__logos"> <a href="https://www.marcumfoundation.org/" target="_blank" rel="nofollow"><img src="https://www.marcumllp.com/wp-content/uploads/marcumfoundation-footer-logo.png" width="136" height="43" alt="" /></a> </div> <div class="footer__email-logo"> <a href="https://securemail.marcumllp.com/encrypt" target="_blank" rel="nofollow"><img src="/wp-content/uploads/private-portal.png" width="336" height="118" alt="Private Portal - Secure Email Delivery" /></a> </div> </div> </div> </div> </div>   <div class="footer__bottom"> <div class="row row-site column"> <div class="footer__bottom-row"> <div class="footer__bottom-left"> <span class="footer__bottom-copy">© 2024 Marcum LLP. All Rights Reserved. <ul> <li><a href="https://www.marcumllp.com/privacy-policy">Privacy Policy</a></li> <li><a href="https://www.marcumllp.com/legal-notice">Legal Notice</a></li> </ul> </span> </div> <div class="footer__bottom-right"> <a class="footer__bottom-top js-top" href="#" rel="nofollow"><span class="footer__bottom-top-text">Back to Top</span> <span class="footer__bottom-top-icon icon-arrow-up-long"></span></a> </div> </div> <div class="footer__disclaimer"> <div class="site-disclaimer"> <p>“CBIZ” is the brand name under which CBIZ CPAs P.C. and CBIZ Inc. and its subsidiaries, including CBIZ Advisors, LLC, provide professional services. CBIZ CPAs P.C. and CBIZ, Inc. (and its subsidiaries) practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations, and professional standards. CBIZ CPAs P.C. is a licensed independent CPA firm that provides attest services to its clients. In certain states, CBIZ CPAs P.C. may still operate under the name Mayer Hoffman McCann. CBIZ, Inc. and its subsidiary entities provide tax, advisory, and consulting services to their clients. CBIZ, Inc. and its subsidiary entities are not licensed CPA firms and, therefore, cannot provide attest services. </p> </div> </div> </div> </div>  </footer>   <div class="cta-bar cta-bar--posts"> <div class="cta-bar__container"> <div class="cta-bar__inner"> <div class="cta-bar__left"> <div class="cta-bar__valign"> <span class="cta-bar__label label label--green">Be in the Know</span> <span class="cta-bar__title">Get all the latest insights from Marcum.</span> </div> </div> <div class="cta-bar__right"> <a href="/subscribe" rel="nofollow"><span class="icon-help"></span> Subscribe</a> </div> <button class="cta-bar__hide" type="button"><span class="icon-close"></span></button> </div> <div class="cta-bar__mobile-toggle">Subscribe <span class="icon-arrow-right"></span></div> </div> </div>  </div>  </div>  <div id="mv-grow-data" data-settings='{"general":{"contentSelector":false,"show_count":{"content":false,"sidebar":false,"pop_up":false,"sticky_bar":false},"isTrellis":false},"post":null,"shareCounts":[],"shouldRun":true,"buttonSVG":{"share":{"height":32,"width":26,"paths":["M20.8 20.8q1.984 0 3.392 1.376t1.408 3.424q0 1.984-1.408 3.392t-3.392 1.408-3.392-1.408-1.408-3.392q0-0.192 0.032-0.448t0.032-0.384l-8.32-4.992q-1.344 1.024-2.944 1.024-1.984 0-3.392-1.408t-1.408-3.392 1.408-3.392 3.392-1.408q1.728 0 2.944 0.96l8.32-4.992q0-0.128-0.032-0.384t-0.032-0.384q0-1.984 1.408-3.392t3.392-1.408 3.392 1.376 1.408 3.424q0 1.984-1.408 3.392t-3.392 1.408q-1.664 0-2.88-1.024l-8.384 4.992q0.064 0.256 0.064 0.832 0 0.512-0.064 0.768l8.384 4.992q1.152-0.96 2.88-0.96z"]},"facebook":{"height":32,"width":18,"paths":["M17.12 0.224v4.704h-2.784q-1.536 0-2.080 0.64t-0.544 1.92v3.392h5.248l-0.704 5.28h-4.544v13.568h-5.472v-13.568h-4.544v-5.28h4.544v-3.904q0-3.328 1.856-5.152t4.96-1.824q2.624 0 4.064 0.224z"]},"twitter":{"height":30,"width":32,"paths":["M30.3 29.7L18.5 12.4l0 0L29.2 0h-3.6l-8.7 10.1L10 0H0.6l11.1 16.1l0 0L0 29.7h3.6l9.7-11.2L21 29.7H30.3z M8.6 2.7 L25.2 27h-2.8L5.7 2.7H8.6z"]},"linkedin":{"height":32,"width":27,"paths":["M6.24 11.168v17.696h-5.888v-17.696h5.888zM6.624 5.696q0 1.312-0.928 2.176t-2.4 0.864h-0.032q-1.472 0-2.368-0.864t-0.896-2.176 0.928-2.176 2.4-0.864 2.368 0.864 0.928 2.176zM27.424 18.72v10.144h-5.856v-9.472q0-1.888-0.736-2.944t-2.272-1.056q-1.12 0-1.856 0.608t-1.152 1.536q-0.192 0.544-0.192 1.44v9.888h-5.888q0.032-7.136 0.032-11.552t0-5.28l-0.032-0.864h5.888v2.56h-0.032q0.352-0.576 0.736-0.992t0.992-0.928 1.568-0.768 2.048-0.288q3.040 0 4.896 2.016t1.856 5.952z"]},"print":{"height":32,"width":30,"paths":["M27.712 9.152c1.28 0 2.4 1.12 2.4 2.496v11.712c0 1.344-1.12 2.464-2.4 2.464h-2.432l1.088 4.896h-22.112l0.864-4.896h-2.624c-1.44 0-2.496-1.12-2.496-2.464v-11.712c0-1.376 1.056-2.496 2.496-2.496h3.072v-3.744h1.088v-4.128h16.864v4.128h1.088v3.744h3.104zM7.776 2.784v9.344h14.624v-9.344h-14.624zM4.16 15.232c0.96 0 1.76-0.768 1.76-1.728 0-0.896-0.8-1.696-1.76-1.696-0.928 0-1.728 0.8-1.728 1.696 0 0.96 0.8 1.728 1.728 1.728zM6.176 29.248h18.144l-1.504-7.744h-15.488zM14.24 25.632h-4.448v-1.12h4.448v1.12zM20.576 25.632h-4.448v-1.12h4.448v1.12z"]}},"utmParams":[],"pinterest":{"pinDescriptionSource":"image_alt_tag","pinDescription":null,"pinTitle":null,"pinImageURL":null,"pinnableImages":null,"postImageHidden":null,"postImageHiddenMultiple":null,"lazyLoadCompatibility":null,"buttonPosition":"","buttonShape":null,"showButtonLabel":null,"buttonLabelText":null,"buttonShareBehavior":"post_image","hoverButtonShareBehavior":null,"minimumImageWidth":null,"minimumImageHeight":null,"showImageOverlay":null,"postTypeDisplay":null,"imagePinIt":"0","hasContent":"1","shareURL":"https:\/\/www.marcumllp.com\/insights\/us-fraud-and-enforcement-actions","bypassClasses":["mv-grow-bypass","no_pin"],"bypassDenyClasses":["dpsp-post-pinterest-image-hidden-inner","mv-create-pinterest"],"ignoreSelectors":[],"hoverButtonIgnoreClasses":["lazyloaded","lazyload","td-animation-stack","ezlazyloaded","penci-lazy","ut-lazy","ut-image-loaded","ut-animated-image"],"disableIframes":null}}'></div><style id='core-block-supports-inline-css' type='text/css'> /** * Core styles: block-supports */ </style> <script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script><script type="text/javascript" id="dpsp-frontend-js-pro-js-before"> /* <![CDATA[ */ var dpsp_pin_button_data = {"pin_description_source":"image_alt_tag","pinterest_button_share_behavior":"post_image"} /* ]]> */ </script> <script type="text/javascript" async data-noptimize src="https://www.marcumllp.com/wp-content/plugins/social-pug/assets/dist/front-end-pro.js?ver=2.20.0" id="dpsp-frontend-js-pro-js"></script> <script type="text/javascript" id="extras_js-js-extra"> /* <![CDATA[ */ var ajax_obj = {"ajaxurl":"https:\/\/www.marcumllp.com\/wp-admin\/admin-ajax.php"}; /* ]]> */ </script> <script type="text/javascript" src="https://www.marcumllp.com/wp-content/themes/marcum/assets/js/extras.js?ver=081720890" id="extras_js-js"></script> <script type="text/javascript" src="https://www.marcumllp.com/wp-content/themes/marcum/assets/js/scripts.js?ver=081720890" id="scripts_js-js"></script>  <script type="text/javascript" id="hs-script-loader" async defer src="//js.hs-scripts.com/136649.js"></script>  <script>(function(){var s = document.createElement('script'),e = ! document.body ? document.querySelector('head') : document.body;s.src = 'https://acsbapp.com/apps/app/dist/js/app.js';s.async = true;s.onload = function(){acsbJS.init({statementLink : '',footerHtml : ' ',hideMobile : false,hideTrigger : false,language : 'en',position : 'left',leadColor : '#00a0af',triggerColor : '#00a0af',triggerRadius : '50%',triggerPositionX : 'left',triggerPositionY : 'bottom',triggerIcon : 'people',triggerSize : 'medium',triggerOffsetX : 20,triggerOffsetY : 20,mobile : {triggerSize : 'small',triggerPositionX : 'left',triggerPositionY : 'bottom',triggerOffsetX : 5,triggerOffsetY : 5,triggerRadius : '50%'}});};e.appendChild(s);}());</script>  </body> </html>

CINXE.COM

U.S. Fraud and Enforcement Actions | Marcum LLP | Accountants and Advisors