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Encyclopedia > MyCFO

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The correct title of this article is myCFO. The initial letter is shown capitalized due to technical restrictions.

myCFO is a financial services business providing financial management, accounting and tax services since being founded in 1999 by Jim Clark. The company was founded to help wealthy Silicon Valley individuals manage their complex finances and taxes. Most of myCFO's assets, operations, and client base were acquired by Harris Bank in 2002 [1] which is currently operating as Harris myCFO, and continues providing the same financial management, accounting, and tax services for wealthy individuals worldwide. Dr. James H. Clark (born 1944) is a prolific entrepreneur and former computer scientist. ... Harris Bank was founded by Norman Wait Harris. ...


A March 6, 2007 Wall Street Journal investigation report revealed that myCFO was subject to scrutiny regarding selling disallowed tax shelters,[2] [3] which resulted in a ruling by American Arbitration Association against myCFO and its partners. [4] The Wall Street Journal is an influential international daily newspaper published in New York City, New York with an average daily circulation of 1,800,607 (2002). ... The American Arbitration Association (AAA) is one of several arbitration organizations that administers arbitration of disputes brought to it by members of the public. ...


References

  1. ^ 2002 CNet News article on Harris Bank acquiring myCFO.
  2. ^ 2007 Wall Street Journal Investigative Report on myCFO, with source reference links.
  3. ^ 2007 Reprint of Wall Street Journal Article about myCFO.
  4. ^ 2005 American Arbitration Association ruling against myCFO.

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