Cadwalader, Wickersham & Taft

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.

Accountants Grant Thornton and law firms Cadwalader, Wickersham & Taft and Greene Espel are being sued for allegedly aiding and abetting a $150 million fraud perpetrated by the Providence Financial Group, which was primarily based in Guernsey, Miami, and Brazil.

Second Amended Complaint in Brookfield Asset Management, Inc., f.k.a. Hees International Bancorp Inc., of Canada, and Brysons International, Ltd., f.k.a. Brysons International Bank, Ltd., of Barbados, v. AIG Financial Products Corp. and American International Group, Inc. at the U. S. District Court for the Southern District of New York.