Monday, May 20, 2024

Irish arm of Grant Thornton start mediation over alleged role in US investment firm fraud case

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Irish office of accountancy firm has denied colluding to facilitate fraud at Florida investment company TCA

A case was launched in Miami in 2020 by investors in entities connected to TCA. It is alleged that fraud resulted in a $400m (€373m) black hole in the TCA’s balance sheet. Photo: Steve Humphreys

Insurance executives representing Grant Thornton’s Irish arm are due to sit down today with a mediator in an effort to reach a settlement in a US case connected to another legal action that has embroiled the accountancy firm in Florida.

In 2020, a case was launched in Miami by investors in entities connected to Florida-based investment firm TCA Fund Management against TCA and its former executives.

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