• Report: #740881

Complaint Review: Keeton CPA TRUSTED BUSINESS | Ripoff Report Verified Safe™ …businesses you can trust. Over 10 years, Keeton CPA has been providing quality, personalized financial guidance to individuals and businesses. Keeton CPA expertise ranges from accounting & controllership services to audits, financial statement preparation, financial planning, internal control reviews, audit preparation & compliance with regulatory agencies such as Securities and Exchange Commission & federal grant agencies.

  • Submitted: Tue, June 14, 2011
  • Updated: Sat, February 21, 2015

  • Reported By: Victum — las vegas Nevada United States of America
650 White Drive Las Vegas, Nevada United States of America

Keeton CPA REVIEW: Lynda R. Keeton CPA dedicated to providing best customer service through commitment to Ripoff Report Corporate Advocacy Business Remediation & Customer Satisfaction Program, a program benefiting consumers, ensuring complete satisfaction & confidence when doing business.
*UPDATE: Keeton CPA recognized by Ripoff Report Verified™ as a safe business service.

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EDitor's UPDATE: Positive rating and recognition has been given to
..... Keeton feels it is critical to listen to her clients and respond properly. By always putting her customers first, Ms. Keeton hopes to maintain Keeton CPA as a successful public accounting firm both now and for many years to come. One of the things Ripoff Report learned in the course of its review is that typical customer feedback reads, "Lynda R. Keeton CPA responds quickly and communicates all aspects of the service in a timely and effective manner. We are very pleased with the responsiveness that the employees show us. They are serious about meeting commitments, and deliver on their promises, updating us whenever we need to provide information hampering completion.”

Keeton CPA is Ripoff Report Verified
Ripoff Report Verified™ .. part of Ripoff Report Corporate Advocacy Business Remediation & Customer Satisfaction Program.A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business..

The information provided in this report below is based on comments made by Lynda R. Keeton-Cardno during an onsite inspection held by a third party verification company with no biases toward Keeton CPA.

Keeton CPA is an small accounting firm, "we focus on two primary areas which includes highly compliant nonprofits. Those nonprofits with federal grants per large dollars who need to have the expertise of full a controller or CFO, but can’t afford a full time employee." Keeton CPA also works with, "small microcap public companies. We do accounting for public companies, and we also do audits for public companies as well. Because of that high technicality we employ no para professionals. All of our staff are either have degrees or are in their degree programs, and most of them are headed toward the CPA route. So we foster CPAS here.”

Most of their leads are developed through their positive reputation, "we actually do little to no advertising. All of our leads come in through referral. We work with [both] grantors in the nonprofit area, and board members that are comfortable and know our services. We are auditors of nonprofits as well, and so we get a lot of referrals by word of mouth because of excellent work we do in that arena. On the public side we work with attorneys, we’ll work with stock transfer agents that know our work, and...who would always refer us because they know our work." Lynda R. Keeton-Cardno, CEO of Keeton CPA went on to express processes that go into taking on new clients; a quality which has lead to their many referrals, "our accept retain policy when it comes to clients [is that] we don’t except all clients. Where a tax practice may have five hundred clients, we have thirty and we want those thirty to really sustain the firm for an entire year, and we want those clients to be impactful to us and we want to be impactful to those clients. So boarding a client with us is a concept of making sure that the client understands that we are a small technical firm. And the level of service that we provide to them goes along with that small technicality. Small in size put but high technical.”

When asked about the typical sales process and experience a client might receive with Keeton CPA, Ms. Keeton-Cardno went into greater detail of Keeton CPA's mindfulness of client's best interest, "we don’t except all clients, and so those clients that we do accept generally come highly recommended through a referral. Clients understand that we’re going to be highly technical, and sometimes that’s a little bit difficult. We don’t service the small mom and pops area. We really believe or I believe that those clients are best serviced by a tax professional. Those who that can look at their financial statements, and can give them the best tax advice. And we don’t have a tax practice and that is not a client that works well for us. So the clients that we board going to be those that truly know and need our service.”



During the onsite interview, Ms. Keeton as asked to describe a situation where a client was not satisfied with the level of service they received. Ms. Keeton-Cardno when on to describe a recent complaint she encountered with a client, " we have a client who has businesses here in Las Vegas, but is a Canadian resident. He sent an email which included his Canadian tax advisors asking about items quite frankly that we would have known to do had we been provided the data. My response back to the client was provide us the data we’ll be happy to do the work. And I had actually approached the client September through December of last year to try to get the work in through the door and he showed up January 1st with a year’s worth of information. He received my email this morning and promptly responded back that he realizes it and fully acknowledges that we can’t do our work unless he gives us the information to do our work. I had approached him last year about doing his work on a more frequent basis, and based upon his experience of questions that arose was because he didn’t give us information on a more frequent basis he’s now looking to give us that information on a frequent basis so that we can provide him accounting information that makes sense." Ms. Keeton-Cardno also went on to explain the process of follow up after any type of complaint is filed, "we always follow up with clients. This particular client is now moving to hopefully what we consider a monthly basis which will give us adequate follow up, and that we are talking with him on more frequent basis." Ms. Keeton-Cardno explains that communication between Keeton CPA and their clients is essential, "our office is actually technically closed on Thursdays because we’re all at client sites. For those clients that are not local then I’m at the command center. We want our clients to feel that they’ll get a response from us within 24 hours or less. Generally, all the accounting that we do is virtual. We were on the cloud before the cloud existed, so we’re a very technology forward firm. And so there are very few circumstances where I have to tell the client, 'I don’t know the answer I’ll have to get back to you.' Generally, if I’m at a computer I can pull up their data and get the answer they need.”

When asked to comment on complaints posted on Ripoff Report's website Ms. Keeton-Cardno went into great detail in order to explain the situation, as well as Keeton CPA's innocence, " If you read all of the reports regarding this issue, this has to do with a very specific company and it’s not my firm. It is me as an individual we were doing accounting for the company, and I sat on the board and so it was the client against the entire board. I have nothing to do with Xyience, Xyience is a company that exists separate from me. I never done any work for Xyience. However, Russell Pike use to be an owner of that company, and the company I sat on the board of hired him as a consultant. That is the only connection between my name and Xyience energy drink. All the reports on Ripoff Report that have to do with me, or my name has to do with this specific company. You can see the names of all the people, it’s the board of director of the company, and there was a consultant separate from Russell who did not feel that he was being paid appropriately and posted all of those reports. This same consultant I’ve been told later admitted in a grand jury investigations that is sealed in Clark County, that he and his brother posted all those Ripoff Reports in an attempt to take over the company. So my rebuttal is we did the work at the highest level as this company wanted to go public. We provided the accounting in such a high end level that they were audited by another pcov firm. They were funded with a New York investment banking firm who would have not funding them if the account was not proper. And we provided all documentation to the founder when the company closed. All IRS related items including payroll were properly filed we have nothing to hide. The company however is no longer in existence.”

When asked what type of changes they have made to honor their commitment to make things right with the customer per the request of Ripoff Report, Ms. Keeton-Cardno expressed that Keeton CPA will do anything they can to provide a quality experience for their clients.

Keeton CPA is pleased to be a part of Ripoff Reports Corporate Advocacy Business Remediation and Customer Satisfaction Program. Ms. Keeton-Cardno further explains by stating, "I think the product, the service that you provide in this, I never know existed up until like December of last year. It’s a wonderful opportunity for those business that have customer service complaints to actually be able to remediate them without a lot more drama…so I think the program and I’m real honest about this…I think program is really good, really good.”


"As a small public accounting firm, we have extensive in-depth knowledge and experience serving both domestic and international clientele. This results in our client service teams consisting of licensed CPAs and CPA candidates which bring a core level of competence to the accounting team few firms can match. Alternatively, many other firms employ unlicensed bookkeeping staff to perform the day-to-day accounting functions for their client engagements in order to boost their bottom line and neglect to educate and train those staff at a high level.”

Keeton CPA's team have expressed that they feel very confident doing their job as continued training enhances skill sets and makes all professional at Keeton CPA stronger. Lynda R. Keeton CPA takes employee satisfaction seriously as well. Employee feedback and surveys reveal comments such as this, "Keeton CPA provides a positive yet challenging environment to work as Ms. Keeton strives to teach technical matter to staff and clients for knowledge empowerment. Opportunities for suggestions and improvements are encouraged as younger staff become more comfortable in their accounting duties. Ms. Keeton is truly concerned about our growth as accounting professionals and provides opportunities to both hone known skills and learn new ones.”

Ripoff Report was pleased to learn that Lynda R. Keeton CPA’s past and current approach to business is focused on its pledge to total commitment towards client and employee satisfaction.



Keeton CPA provides a wide array of services to both individuals and businesses in a variety of industries. Each client is unique. Because of this, we design each service engagement to meet each client’s specific needs. We form a partnership with each client, and we are dedicated to tailoring our services to meet their needs. The financial and regulatory environment is ever-changing, and we continue to adjust our services accordingly.

Our professional services include:
  • Accounting Services
  • Audits, Reviews, and Compilation
  • Compliance with Sarbanes-Oxley Act of 2002 (SOX)
  • Controllership/Bookkeeping/Write-up
  • Consulting
  • Internal Audit Department


Keeton CPA is a QuickBooks ProAdvisor member with QuickBooks certified staff. Our premiere QuickBooks services include:
  • Set up of the general ledger
  • Customized or built up chart of accounts
  • Entering opening balances
  • Accounts payable
  • Accounts receivable
  • Customized sales form design
  • Inventory
  • Payroll
  • Monthly binder and checklist
  • Networking the company file
  • Reporting set-up, including balance sheet, P&L by class or job, budget and cash flow
  • Customized reporting set-up
  • Monthly or quarterly reviews
  • Consultative Accounting Fitness Reports
  • Customized sales form design



"Keeton CPA hires only highly qualified individuals. We pride ourselves in maintaining the highest levels of education. We continue to improve our skills daily by attending continuing education seminars and classes, researching challenging issues through state-of-the-art technology and through truly understanding our clients' needs.

We are registered with the PCAOB (Public Company Accounting Oversight Board) and members of the AICPA (American Institute of Certified Public Accountants).

The firm is HIPAA compliant and each of our staff members is HIPAA trained.”


"Lynda R. Keeton-Cardno is the founder/owner of Keeton CPA.

Keeton-Cardno brings to her clients over 10 years of audit experience in both the Financial Audit and Information Technology Audit areas. She brings her vibrant, passionate and positive energy to every engagement.

As a former audit manager with Arthur Andersen, LLP, Keeton-Cardno's areas of experience and expertise include:

  • Audit, review and preparation of financial statements for the Securities and Exchange Commission and many non-profit organizations;
  • Implementation of Sarbanes-Oxley Act of 2002 (SOX) requirements for internal control systems over financial reporting in accordance with PCAOB statements;
  • Assistance with development of companies' Code of Ethics in compliance with Company Corp governance;
  • Development of accountability models for company process owners;
  • Development of procedures and controls related to Section 304 and 404 of SOX;
  • Development of and implementation of policies and procedures that improve efficiency in capturing financial information for accurate and timely financial reporting;
  • Completion of month-end closing duties including complex balance sheets and bank reconciliations;
  • Coordination of accounts payable, accounts receivable and payroll in both job and process costing environments;
  • Coordination and completion of audit preparation for financial statement audits; and,
  • Coordination of federal and non-federal grant draws and compliance items.

Ms. Keeton-Cardno is a licensed certified public accountant in Nevada, a member of the American Institute of Certified Public Accountants, a graduate of Arizona State University's School of Business and Honors College, and has held the Certified Information Systems Auditor designation.”



Lynda R. Keeton CPA recognizes that complaints posted on Ripoff Report (whether true or not) are issues that need to be addressed, not ignored. If handled correctly, complaints can be valuable learning opportunities. With the feedback generated by Ripoff Report's review, Keeton CPA has made organizational changes allowing its clients and employees a more streamlined approach to problem resolution and a commitment to a great client experience.

In summary, after our review, which included discussions with Ms. Keeton, Ripoff Report is convinced that Lynda R. Keeton CPA is committed to quality delivery of services resulting in total client satisfaction.

Read more about why consumers should feel confident when doing business with a member of Ripoff Report's Corporate Advocacy Business Remediation & Customer Satisfaction Program. Yes, it’s a long name for a program that does a lot for both consumers and businesses alike.

Read about Ripoff Report Corporate Advocacy Business Remediation & Customer Satisfaction Program, a program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business. This program works.

As a matter of policy, when a business becomes a member of the Corporate Advocacy Program they agree to allow Ripoff Report to contact every client who filed a complaint so they can make things right with them. In order to confirm that the complaints were resolved, Ripoff Report is copied on all responses so we can insure that the member business did right by their customer.




FOUNDER OF ENERGY DRINK COMPANY CHARGED WITH TAX EVASION LAS VEGAS - - The former CEO of a Nevada sports energy drink company, Xyience, Inc., has been indicted by the Federal Grand Jury on tax evasion charges, announced Greg Brower, United States Attorney for the District of Nevada.Russell Pike, of Las Vegas, is charged with one count of Tax Evasion for failing to file a federal individual income tax return for 2006 and failing to pay taxes on over $6.9 million in income he earned in 2006. Pike is also charged with using nominees and a forward-dated stock sale agreement to conceal his true income from the IRS. Pike was arrested yesterday in Las Vegas and is scheduled to appear in U.S. District Court at 3:00 p.m. today before U.S. Magistrate Judge Peggy A. Leen for an initial appearance and arraignment.Pike founded Xyience, Inc., which manufactured, marketed and sold sports energy drinks, most notably, Xenergy, which was sold in over 45,000 stores throughout the United States. The Indictment alleges that upon the inception of Xyience in 2004, Pike received at least 12 million shares of Xyience stock. During 2006, Pike sold over 4.4 million shares of his Xyience stock for approximately $6.9 million. This includes a sale on about November 2, 2006, in which Pike sold over 3 million shares of Xyience stock to an investor for approximately $5 million. In early 2007, Pike requested that the investor change the date of the stock purchase agreement from 2006 to 2007, so that Pike could avoid paying taxes for 2006.In June 2006, Pike listed his income as $100,000 plus on a brokerage account application. In July 2007, Pike listed his assets as $27 million and his liabilities as $2 million on a life insurance application. In September and November 2006, Pike purchased a condominium in Las Vegas which was titled in the name of a nominee, made payments on a 2005 Lexus SUV that was held in the name of a nominee, and purchased a 2007 Mercedes Benz for $151,614.If convicted, Pike faces up to five years in prison and a $250,000 fine.The case is being investigated by Internal Revenue Service Criminal Investigation and is being prosecuted by Assistant United States Attorney Nicholas D. Dickinson.The public is reminded that a Indictment contains only charges and is not evidence of guilt. The defendant is presumed innocent and entitled to a fair trial at which the government has the burden of proving guilt beyond a reasonable doubt.

This report was posted on Ripoff Report on 06/14/2011 09:49 PM and is a permanent record located here: http://www.ripoffreport.com/r/RUSSELL-PIKE/Las-Vegas-Nevada-/RUSSELL-PIKE-LYNDA-KEETON-CARDNOPHIL-ZOBRISTDAVID-FLYNNJAMES-TODD-TOWBINZIZZAZZ-FRAUD-740881. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on RUSSELL PIKE

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#1 REBUTTAL Owner of company

False Report related to Keeton CPA

AUTHOR: Lynda R. Keeton-Cardno - ()

This report is false and part of a hate campaign to take over a company that eventually led to the company’s down fall. 

All work performed by Keeton CPA was fully audited by a PCAOB registered audit firm and all IRS tax filings properly filed.

Additionally, the reader should carefully review all dates to these posts, noting they are all in close proximity and then silent.

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#2 Author of original report


AUTHOR: Victum - (United States of America)

Mr Flynn (7 hours ago)Inmate In-Custody StatusIDNameAgeRaceSexCaseChargeStatusRelated CaseArrest DateDetainerCash BailSurety BailHousingSched DepartmentSched ActionSched DateSched Time01559668FLYNN, DAVID M39WhiteMale11F11633XROBBERY WITH A DEADLY WEAPONActive 6/29/2011N$0.00$0.00Call (702) 671-57001248 HOUR HEARING7/1/20117:30 AM     
Searched On 
    &nbspDefendant's ID: 
    &nbspDefendant's Case No: 11F11633X

Records Found: 1
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#3 Author of original report


AUTHOR: Victum - (United States of America)

Xenergy energy drink past CEO, Russell Pike, served five years for money laundering. The troubled past of Pike and Purchasepro.com, an internet auction company, started in 2001. Charles Johnson, chief executive of PurchasePro, was accused of Pike of stealing his internet auction company business plan. Pike is now involved in anotherbankruptcy proceeding and Johnson has been charged with securities fraud. Phil Zobrist did not disclose this to people he was askin for money for zizzazz total FRAUD!!!!!!
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#4 Author of original report


AUTHOR: Victum - (United States of America)

HE AND PHIL LEARNED WHAT TO DO FROM MATHON TO BILK CHURCH MEMBERS!!!!Mathon fraud settlement OK'dStoryShareSharePrintCreate a hardcopy of this pageFont Size:Default font sizeLarger font sizeSharePosted: Thursday, June 22, 2006 11:00 pm | Updated: 10:58 am, Wed Mar 10, 2010.Tribune | 0 commentsThe Arizona Corporation Commission unanimously approved a settlement of the Mathon Management investment fraud case Thursday, saying it was in the best interests of 147 investors who are owed $76.4 million.Representatives of investors said they believe the agreement, reached by attorneys for all of the parties in the case, is the best deal they could get.Under the terms, Duane Slade and Guy Williams, principals in Mesa-based Mathon Management, agreed to contribute between $6 million and $8 million of their personal assets to repay investors as well as pay a $750,000 fine to Arizona, which will come from their future earnings.At a hearing on the settlement Thursday before the commissioners, conservator James Sell said he has been able to recover an additional $16 million in Mathon assets through bankruptcy court proceedings so far. He said he could have $45 million to $50 million in hand by this fall, and further recoveries are possible from third parties such as accountants and attorneys involved in the case."My goal is to recover 100 percent," he said. "I believe that's achievable."To be implemented, the agreement still must be approved by 90 percent of the investors, as measured by the value of their investments. It also must be approved by the U.S. Bankruptcy Court Judge George B. Nielsen Jr. and Maricopa County Superior Court Judge Barry Schneider.Phil Zobrist, chairman of a committee representing investors in the bankruptcy proceedings, said he believes most of the investors will support the settlement.He said four meetings are planned with investors to explain the terms."I believe investors will be more interested in getting their money back than in pursuing Mr. Slade and Mr. Williams," he said.Investors could start receiving payments 30 days after the bankruptcy court approves the reorganization plan, which could be this fall, said Larry Wilk, attorney for the conservator.No distributions have been made yet because the case is in Chapter 11.Two Mathon funds and more than 50 other entities managed by Slade and Williams were closed in April 2005 after investigators for the corporation commission's Securities Division concluded they were operating a Ponzi scheme. They charged the managers were repaying earlier investors from money raised from later investors who were promised lavish returns if they put their money in the Mathon funds.The Securities Division also alleged that Slade, 35, and Williams, 34, were engaged in religious affinity fraud, attracting investments from fellow members of The Church of Jesus Christ of Latter-day Saints who trusted them with their money.Slade and Williams denied the charges, saying they operated a legitimate business that used investors' money to make make high interest, short-term loans to borrowers, many of them real estate developers, who needed quick cash. In the settlement, Slade and Williams do not admit any of the commission's allegations. Their attorneys said they are prepared to argue their case in a Superior Court trial if the settlement falls through.The commissioners said they voted in favor of the settlement to move the case forward and speed up repayment to investors. "Allowing this case to drag on is not in the best interest of investors," said commissioner Kris Mayes.Commissioner Mike Gleason thanked Slade and Williams, who attended Thursday's hearing, for cooperating in the recovery of assets. Chairman Jeff Hatch-Miller said the pair apparently started the funds with good intentions, "but good intentions don't mean that people don't lose their life savings."He said the settlement strikes a balance between getting some money back to investors quickly versus holding out for more, but having to wait a long time to get it.Grant Woods, attorney for Slade and Williams, said the extent of his clients' cooperation with authorities has been unusual for such cases."They totally contest the action taken by the state, but to focus on that would have said that they were looking out for themselves and not for the investors," Woods said. "They have focused on a maximum return for investors."
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