Providence Financial Group

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    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.

    Investment Schemes + Conflicts of Interest = Loss of Capital

    One of the quickest ways of detecting whether an investment opportunity is legitimate is to skip to the 'conflicts of interest' page of an offering memorandum. If it's not blank, don't invest.Conflicts are a clear sign that a scheme exists