More bad news to depress myself/fellow NMM investors with? According to the New Millenium website, their auditor is one Steven Durland of Palm Beach, Florida. A quick search of google for Steven Durland Auditor throws up the March 2002 Activity Review of the North Carolina State Board of Certified Public Accountant Examiners (www.cpaboard.state.nc.us/newsletters/4-2002.pdf) which contains, under the worryingly titled section 'Disciplinary Actions' the following statement. I am not sure I understand the most of it, but the general tone does not sound too reassuring.
Stephen H. Durland #17631
Palm Beach, FL 03/22/02
THIS CAUSE, coming before the Board
at its offices at 1101 Oberlin Road, Raleigh,
Wake County, North Carolina,
with a quorum present. Pursuant to
NCGS 150B-41 and 150B-22, the Board
and Respondent stipulate the following
Findings:
1. Respondent is the holder of North
Carolina certificate number 17631 as a
Certified Public Accountant.
2. Respondent, as the owner and responsible
party in charge, failed to have
employee payroll taxes paid on behalf
of his firm for the period covering March
31, 1996, through September 30, 1998,
totaling $235,529.97.
3. In February of 2001, the Internal
Revenue Service (IRS) placed a lien
against Respondent’s firm in the amount
of $295,520.00.
4. As of August 30, 2001, Respondent’s
firm has paid $98,121.96 to the IRS
against the lien.
5. Respondent wishes to resolve this
matter by consent and agrees that the
Board staff and counsel may discuss
this Order with the Board ex parte,
whether or not the Board accepts this
Order as written.
BASED UPON THE FOREGOING, the
Board makes the following Conclusions
of Law:
1. Respondent is subject to the provisions
of Chapter 93 of the North Carolina
General Statutes (NCGS) and
Title 21, Chapter 8 of the North Carolina
Administrative Code (NCAC), including
the Rules of Professional Ethics and
Conduct promulgated and adopted
therein by the Board.
2. Respondent’s actions as set out above
constitute violations of NCGS 93-12(9)e
and 21 NCAC 8N .0201, .0203(b)(1),
.0204(c), .0207, and .0208(b).
BASED ON THE FOREGOING and in
lieu of further proceedings under
21 NCAC Chapter 8C, the Board and
Respondent agree to the following Order:
1. Respondent is censured.
2. Respondent’s certificate is suspended
for at least three (3) years and until
Respondent causes the tax lien placed
by the IRS against Respondent’s firm to
be satisfied.
Stephen H. Durland #17631
Palm Beach, FL 03/22/02
THIS CAUSE, coming before the Board
at its offices at 1101 Oberlin Road, Raleigh,
Wake County, North Carolina,
with a quorum present. Pursuant to
NCGS 150B-41 and 150B-22, the Board
and Respondent stipulate the following
Findings:
1. Respondent is the holder of North
Carolina certificate number 17631 as a
Certified Public Accountant.
2. Respondent, as the owner and responsible
party in charge, failed to have
employee payroll taxes paid on behalf
of his firm for the period covering March
31, 1996, through September 30, 1998,
totaling $235,529.97.
3. In February of 2001, the Internal
Revenue Service (IRS) placed a lien
against Respondent’s firm in the amount
of $295,520.00.
4. As of August 30, 2001, Respondent’s
firm has paid $98,121.96 to the IRS
against the lien.
5. Respondent wishes to resolve this
matter by consent and agrees that the
Board staff and counsel may discuss
this Order with the Board ex parte,
whether or not the Board accepts this
Order as written.
BASED UPON THE FOREGOING, the
Board makes the following Conclusions
of Law:
1. Respondent is subject to the provisions
of Chapter 93 of the North Carolina
General Statutes (NCGS) and
Title 21, Chapter 8 of the North Carolina
Administrative Code (NCAC), including
the Rules of Professional Ethics and
Conduct promulgated and adopted
therein by the Board.
2. Respondent’s actions as set out above
constitute violations of NCGS 93-12(9)e
and 21 NCAC 8N .0201, .0203(b)(1),
.0204(c), .0207, and .0208(b).
BASED ON THE FOREGOING and in
lieu of further proceedings under
21 NCAC Chapter 8C, the Board and
Respondent agree to the following Order:
1. Respondent is censured.
2. Respondent’s certificate is suspended
for at least three (3) years and until
Respondent causes the tax lien placed
by the IRS against Respondent’s firm to
be satisfied.
