Sunday, October 6, 2024

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

Must read

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.

Latest article