Fraud and Forensic Accounting Specialist Joins Marks Paneth LLP as Senior Director

NEW YORK, NY--(Marketwired - July 23, 2014) - Accounting firm Marks Paneth LLP announced that Ted Felix, CPA, CFF, MBA, DABFA, CGMA, has joined the firm as Senior Director in its Litigation and Corporate Financial Advisory Services Group.

Mr. Felix was previously the managing partner of Lazar Levine & Felix LLP. He comes to Marks Paneth from Schulman Lobel Wolfson Zand Abruzzo Katzen & Blackman, LLP, where he was a partner and the practice leader in the litigation support area. Mr. Felix advises clients on financial and fraud investigations, professional malpractice cases and business disputes, as well as complex commercial litigation and damages. He has served as an expert in numerous forensic accounting and litigation support engagements. Mr. Felix has also worked for the Securities and Exchange Commission as an expert and led an investigation conducted by the US Attorney for the Eastern District of New York.

"In today's challenging times, it is essential that our clients have access to experts with the expertise and experience to assist them with litigation, investigations and other marketplace developments," said Steven L. Henning, Ph.D., CPA, Partner-in-Charge of Marks Paneth's Litigation and Corporate Financial Advisory Services Group. "Ted adds sophistication and insight that will enable Marks Paneth to better meet the needs of the increasingly complex business issues that our clients face."

Mr. Felix was the co-author of SEC Compliance - Financial Reporting and Forms (Warren Gorham & Lamont/Research Institute of America) and a member of the American Board of Forensic Accounting (ABFE), the American College of Forensic Examiners Institute (ACFEI), the American Institute of Certified Public Accountants (AICPA), the New York, Florida and New Jersey Societies of Certified Public Accountants. He is also a member of the Board of Governors of B'nai B'rith International Foundation of the United States, where he serves as the chair of its Audit Committee, and a member of the Board of Directors of the Grandview Palace Yacht Club. Mr. Felix holds a Bachelor of Science and a Master of Business Administration from Long Island University.

For more information or to speak with Mr. Felix, please contact Katarina Wenk-Bodenmiller of Sommerfield Communications, Inc. at (212) 255-8386 or katarina@sommerfield.com.

About Marks Paneth LLP

Marks Paneth LLP is an accounting firm with over 500 people, of whom approximately 65 are partners and principals. The firm provides public and private businesses with a full range of auditing, accounting, tax, consulting, bankruptcy and restructuring services as well as litigation and corporate financial advisory services to domestic and international clients. The firm also specializes in providing tax advisory and consulting for high-net-worth individuals and their families, as well as a wide range of services for international, real estate, media, entertainment, nonprofit, professional and financial services, and energy clients. The firm has a strong track record supporting emerging growth companies, entrepreneurs, business owners and investors as they navigate the business life cycle.

The firm's subsidiary, Tailored Technologies, LLC, provides information technology consulting services. In addition, its membership in Morison International, a leading international association for independent business advisers, financial consulting and accounting firms, facilitates service delivery to clients throughout the United States and around the world. Marks Paneth LLP, whose origins date back to 1907, is the 33rd largest accounting firm in the nation and the 10th largest in the Mid-Atlantic region. In addition, readers of the New York Law Journal rank Marks Paneth as one of the area's top forensic accounting firms for the fourth year in a row.

Its headquarters are in Manhattan. Additional offices are in Westchester, Long Island and the Cayman Islands. For more information, please visit www.markspaneth.com.