Ernst & Young (Bahamas) settle racketeering lawsuit for $3 million

By David Marchant

23 years ago

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Advantage Income Trust Anthony Ghirardello Anthony Marriott Blue Water Boys, Ltd. Charles Smith

Ernst & Young Glen Roger Thompson Investors Trading Trust James Floyd Janis Shoop Lauriel Investments, Inc. Passport Club International Paul Clarke Paul Floyd III Philip Galanis Progressive Growth Management Group, Ltd. Richard Kubany Southwest Income Trust Standard Industrial Capital, Inc. Steven Shoop

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Ernst & Young (Bahamas), its Senior Partner, Paul Clarke; and its former Managing Partner, Bahamian politician Philip Galanis, have agreed to pay $3 million to settle a civil lawsuit alleging racketeering.
Details of the settlement are contained in documents that were recently filed at the United States District Court for the District of Arizona.

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