Harris myCFO is a financial services business providing financial management, accounting and tax services. Its predecessor company was founded as
myCFO in 1999 by
Jim Clark to help wealthy
Silicon Valley individuals manage their complex finances and taxes. Its original board of directors included
Cisco Systems Chief Executive
John Chambers, former
Netscape CEO
Jim Barksdale, venture capitalist
John Doerr, and
@Home Network CEO
Tom Jermoluk.
Most of myCFO's assets (including its name), operations, and client base were acquired by
Harris Bank in 2002 which is currently operating as Harris myCFO, and continues providing the same financial management, accounting, and tax services for wealthy individuals worldwide.
In 2002, myCFO was implicated in a federal investigation involving questionable tax shelters. In July 2005, the
American Arbitration Association ruled against myCFO and its partners for its involvement. On February 13, 2008, a federal trial court delivered a
criminal conviction on Graham Taylor, a tax attorney associated with myCFO; Taylor had pled
guilty on January 24, 2008 to conspiracy and aiding in the filing of a false tax return. Taylor is formerly of the LeBoeuf Law firm who was used by myCFO selling tax shelter products. The tax accountants and attorneys, including Taylor,...
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