Jonathan Cooperman, HBA, CPA, CA, CIRP, CSAR, CFI, LIT, Partner
Jonathan Cooperman comments in CBC Investigates | Stop being a 'safe haven': How Canada could do a better job keeping 'dirty money' out of the country. In a scheme that saw $2 million dollars of illegal funds sent to a network of individuals and companies, Cooperman maintains that better controls must be put into place to ensure corporate accountability.
Cooperman points out that Canada’s stable economy and hot housing market make real estate an intriguing and ideal place for criminals to park their corrupt money; and since Canada doesn’t have the same reputation as other safe havens, it's making it easier for criminals to use Canada as a conduit for their activities.
The Toronto-based forensic accountant goes on to explain, “Law enforcement would be a lot happier if we were able to find out who the true beneficial owner is … and get true answers on who's behind the flow of money.” In other words, Canada’s murky corporate registry system needs to be reassessed so that the real owners of these anonymous corporations can be revealed and held accountable.
Jonathan Cooperman comments in CBC Investigates on money traced back to largest tax fraud in Russian history. The investigation tracked down individuals along with multiple companies that were stolen from Bill Browder that saw $227M in fraudulent tax refunds moved out of Russia.
Canada’s lack of transparency vis-à-vis corporate ownership shares part of the blame after a CBC investigation reveals that $2 million dollars of illegal funds were funneled directly into Canada by a Russian crime syndicate.
Cooperman, a Certified Forensic Investigator, is among a handful of Canadian experts offering his services for free to open an investigation. Cooperman points out that moving funds through Canada doesn't raise red flags like other jurisdictions and argues that greater scrutiny and accountability is required by corporations moving forward.
Farber Financial Group is proud to announce its Silver Sponsorship at OffshoreAlert’s Annual European Financial Intelligence & Investigations Conference in London, UK (The Bloomsbury Hotel 14-15 November 2016)
Jon Cooperman from Fraud, Forensics & Asset Recovery, and Litigation Support practice will be attending.
Unlocking The Potential: Maximizing Return When Litigation Claims Are Your Assets In An Insolvency Proceeding
Panel: Insolvency Insititue of Canada
Hollinger, Crystallex and Cash Stores are just a few of the recent insolvency proceedings in which realization on litigation claims either has, or is expected to, generate significant recovery for stakeholders. This will be a tool box discussion of how to maximize and monetize litigation claims in an insolvent estate. There will be a wide ranging discussion with industry experts on how to effectively unlock the economic value of litigation claims.Read More
KRyS Global appointed as alliance member for Cayman Islands
BTG Global Advisory, a leading international alliance of independent restructuring
and financial advisory firms, is pleased to announce further expansion of its global reach with the appointment of KRyS Global, an international restructuring and insolvency firm with a focus on fraud investigation and dispute resolution firm based in the Cayman Islands.
Allan Nackan of Farber said, "On behalf of the partners and team at Farber Financial Group, we are delighted to welcome Krys Global to our international alliance of independent restructuring and financial advisory firms, BTG Global Advisory."Read More
On October 26, 2015, Farber's Jonathan Cooperman, the Leader of the Fraud, Forensics & Asset Recovery practice hosted a private lunch for Toronto litigators and fraud experts with keynote speaker Bill Browder, the NY Times Best-Selling Author of Red Notice: A True Story of High Finance, Murder, and One Man's Fight for Justice.Red Notice is a real-life political thriller about an American financier in the Wild East of Russia, the murder of his principled young tax attorney Sergei Magnitsky, and his dangerous mission to expose the Kremlin’s corruption.
Browder spoke on his experiences in Russia, the murder of Sergei Magnitsky, and the ground-breaking legislation, the Magnitsky Act, spearheaded by Mr. Browder and passed by the U.S. Congress in 2012 to combat corrupt Russian officials in the U.S., and the seizure of their money.Read More
BTG Global Advisory (www.btgga.com), a leading international alliance of independent restructuring and financial advisory firms is pleased to announce further expansion of its global reach with the appointment of Zalis SAS, a specialist restructuring practice based out of Paris.
Allan Nackan of Farber said, "Farber is delighted to welcome Zalis to BTG Global Advisory. We look forward to working with Zalis and extending our reach into France."Read More
PLUTA Rechtsanwalts GmbH won the title of Germany’s “Insolvency & Restructuring Law Firm of the Year” at this year’s ACQ Global Awards.Allan Nackan of Farber said, "BTGGA is one of the world's largest specialist independent insolvency and restructuring firms. Farber Financial Group is delighted to acknowledge PLUTA Rechtsanwalts GmbH, our affiliate in Germany, Italy, Poland and Spain, has been named Germany’s Insolvency & Restructuring Law Firm of the Year at this year’s ACQ Global Awards."
This was the tenth time that this award has been given, and this year PLUTA won the title in recognition of their great achievements in the field of insolvency administration and restructuring. The internationally operating law firm with 35 branches in Germany was given the prestigious award for the outstanding quality of their services.Read More
Farber Financial Group is proud to announce its Presenting Sponsorship at OffshoreAlert’s 3rd Annual European Financial Intelligence & Investigations Conference in London, UK (The Bloomsbury Hotel 10-11 November 2014)
The OffshoreAlert Conference enables attendees to establish new contacts and exchange financial intelligence on offshore finance including the very latest on tax initiatives, political issues, beneficial ownership registries, financial transparency, and compliance requirements.Read More