Soupman Chief Financial Officer, Robert Bertrand Suspended After Being Indicted On Tax Charges

Soupman, Inc. (OTCQB:SOUP), makers of gourmet soup made famous on 'Seinfeld, today announced that its Chief Financial Officer and President, Bob Bertrand, has been suspended after being indicted on federal tax fraud charges for alleged misconduct for the period 2010-2014.

"The Company is deeply shocked and saddened by these events. The Company will be immediately launching an internal investigation to determine whether its public filings need to be amended for the period in question or any subsequent period based upon the allegations," said Jamieson Karson, CEO. "Moreover, we expect that this news will not make it easier for us to raise the capital we need to remain in business."

Mr. Bertrand, was charged in Federal Court in Brooklyn, New York with 20 counts of failure to pay Medicare, Social Security and federal income taxes for the period between 2010 and 2014. As alleged in the indictment, from 2010 through 2014, Soupman's total approximate unreported cash and stock compensation was $2,850,967.59, and the total approximate tax loss to the United States was allegedly $593,971.52. Current CEO, Jamieson Karson joined the Company in August, 2015.

In 1984, The Original Soupman opened its doors at 55th Street & 8th Avenue in Manhattan and quickly became a worldwide destination. Rated #1 by Zagat and praised by the New York Times as "Art, not Soup," it set the standard for innovation and excellence long before the famous "Seinfeld" episode made it a cultural icon.