Accounting giant sued for $140m over Twigg’s ‘fraudulent’ scheme
National accountancy firm Pitcher Partners has been accused of “knowingly assisting” former businessman Max Twigg rip off his mother, in a lawsuit that could leave the firm on the hook for $140 million in damages.
Diane Twigg is alleging Pitcher Partners breached its fiduciary duties to her and several family trusts several times from 2007 to 2019 as part of “a fraudulent and dishonest” scheme set up by Mr Twigg and allegedly “assisted” by the firm, in which Mr Twigg spent tens of millions of the family’s dollars on an “extravagant lifestyle”.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Professional services
Fetching latest articles