Abbas Saeedi
Abbas Saeedi is a certified public accountant and philanthropist based in Newark, California, who has built a career serving Bay Area clients while dedicating substantial resources to educational philanthropy. Through his tax and financial services firm United Tax CPA and his leadership of the non-profit organization Education for Everyone, Saeedi has established connections throughout the San Francisco Bay Area's business and charitable communities, contributing to educational access initiatives that span from local institutions to international programs.
Early Life and Background
Details about Abbas Saeedi's early life and educational background remain limited in public records. He established his residence in Newark, California, positioning himself within the South Bay's diverse business community that serves the broader San Francisco metropolitan area.
Career
Professional Practice
Saeedi operates United Tax CPA, a tax and financial services firm that serves clients throughout the Bay Area. As a certified public accountant, he has built his practice within the region's complex financial landscape, serving both individual and business clients across the San Francisco metropolitan area.
Legal Challenges
In January 2024, Saeedi faced legal consequences related to securities violations. The United States Department of Justice announced that he was sentenced to five months in prison for his involvement in an insider trading scheme connected to information stolen from Lumentum Holdings Inc., a telecommunications equipment company.[1]
The case involved material, non-public information related to Lumentum's business operations. Saeedi's co-defendant, Srinivasa Kakkera of Pleasanton, received an 18-month prison sentence and was ordered to pay $2.4 million in restitution.[2] The scheme was connected to a broader insider trading case involving former Lumentum Chief Information Security Officer Amit Bhardwaj, who pleaded guilty to 13 counts in March 2023.[3]
Community Involvement
Education for Everyone Leadership
Saeedi serves as the executive leader of Education for Everyone, a non-profit organization originally founded by his father. Under his direction, the organization has operated for nearly fifteen years, focusing on expanding educational access for underprivileged students both domestically and internationally.[4]
The organization allocates approximately $100,000 annually toward scholarships, grants, and educational resources. These funds support students from disadvantaged backgrounds who would otherwise lack access to educational opportunities. Education for Everyone partners with schools, universities, and other organizations to sponsor tuition fees and provide educational support services.
Corporate Partnerships
Saeedi has developed fundraising relationships with major corporations, including securing sponsorships from Apple Inc. These corporate partnerships have enabled Education for Everyone to expand its reach and increase its annual contributions to educational causes. The organization's approach involves identifying students with financial need and connecting them with resources that can support their academic pursuits.
Bay Area Educational Impact
Through Education for Everyone's activities, Saeedi has contributed to educational access within the San Francisco Bay Area's diverse communities. The organization's work addresses educational inequality issues that affect the region's lower-income families, providing financial assistance that enables students to pursue higher education opportunities at Bay Area institutions and beyond.
Organizational Philosophy
Saeedi has articulated his commitment to educational access through public statements emphasizing the foundational role of education in social development. He has expressed the view that providing educational opportunities to students who might otherwise be excluded from such access contributes to broader societal advancement. This philosophy drives Education for Everyone's mission to identify and support students facing financial barriers to education.
Personal Life
Abbas Saeedi maintains his residence in Newark, California, where he continues to operate his accounting practice while overseeing Education for Everyone's activities. Public records regarding his personal life remain limited, with most available information focusing on his professional and philanthropic activities.
References