Maria Yip

    Grant Thornton and law firms agree to settle Providence Financial lawsuit

    Accounting firm Grant Thornton and law firms Cadwalader, Wickersham & Taft, and Greene Espel have agreed to pay a combined $849,243 to settle claims that they aided and abetted a $150 million investment fraud perpetrated by the Providence Financial Group, which was based in Guernsey, Miami, and Brazil.

    Providence Financial Investments Inc. et al v. Grant Thornton et al: Motion to Approve Settlement

    Motion by Chapter 7 Trustee Maria Yip to approve settlement agreement and release, for entry of a bar order, and to approve payment of a contingency fee in Providence Financial Investments Inc. and Providence Fixed Income Fund LLC v. Cadwalader Wickersham & Taft LLP, of New York; Grant Thornton LLP, of Illinois; and Greene Espel PLLP, of Minnesota, at the U. S. Bankruptcy Court for the Southern District of Florida.