Sillerman auditor resigns over “illegal” withdrawals
BDO, accountant and auditor for Function(x), has tendered its resignation after discovering alleged unauthorised payments of company funds to CEO Robert Sillerman
News By | 28 June 2017
Accountancy firm BDO USA, LLP, formerly auditor for Robert Sillerman’s troubled Function(x) web business, has resigned amid allegations of “insufficiently authorised cash disbursements” to Sillerman from company bank accounts.
In a 21 June letter to Function(x)’s CFO, Michelle Lanken, and general counsel, Tom McLean, BDO said it had, through a phone conversation on 12 May, been made “aware of information indicating that an ‘illegal act’ […] may have occurred”.
It continues: “BDO stated that information provided to it at…
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