Grammy-nominated Latin music artist Romeo Santos has initiated legal proceedings against his former accounting and business management firm, seeking over $2.3 million in damages. The lawsuit, filed in Miami federal court, names Morrison Brown Argiz & Farra LLP, now operating as BDO, as the defendant in the malpractice case.
According to Santos’ complaint, the firm committed multiple errors in handling his financial affairs. The 45-year-old performer alleges that tax documents filed on his behalf were fundamentally flawed, particularly a 2021 return that incorrectly classified his New York residency status, ultimately triggering a state audit. Santos characterizes the filing as “incoherent,” claiming it simultaneously omitted required income while falsely reporting earnings without supporting documentation.
Beyond tax-related issues, Santos contends the accounting firm mismanaged his cash reserves by allowing substantial funds to remain in low-yield checking accounts. He also claims the firm purchased redundant workers’ compensation insurance and maintained an unnecessary expensive health plan despite his eligibility for more affordable SAG-AFTRA coverage. Additionally, the firm allegedly failed to establish his retirement account and made unauthorized withdrawals following their professional relationship’s termination.
The Bronx-born artist is demanding a jury trial, with damages to be determined at trial but specified at no less than $2.3 million. His legal representation from Pryor Cashman firm cites professional negligence causing tax penalties, investigative fees, and losses from mismanaged accounts. BDO has not yet responded to requests for comment.
Originally reported by Rollingstone →
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