The founder and managing director of defunct Jersey-based IFA firm Lumiere Wealth, Christopher Byrne, has appeared in court for the fourth time and been granted bail. Byrne, aged 48, faces four charges relating to alleged actions he took during his dealings with clients and regulators. Lumiere Wealth was ordered to be wound up by the […]

A judge has described the findings by administrators to two Guernsey-based investment firms, which form part of the Providence group, as a ‘steaming pile of guano’. At a hearing today, the administration managers from Deloitte for Providence Investment Funds PCC Limited and Providence Investment Management International Limited said their findings indicated more than £30m of […]

Carey Olsen has reported it was instrumental in acting swiftly on behalf of the Commission to secure the urgent protective relief sought for investors and for the Bailiwick as a whole, enabling the administrators and liquidators to gain access to the group to carry out their statutory duties Carey Olsen’s Dispute Resolution Group successfully secured […]

Providence Financial CEO Antonio Buzaneli touted the Guernsey office in the British Channel Islands in a YouTube video. https://www.youtube.com/watch?v=u5l2b_ITJEE Now the fund has been suspended and the directors have resigned; investors will likely lose their nest eggs. International authorities are participating in investigations into Miami-based Providence Financial Investments and its affiliates, which took in the […]

On 9th August 2016 by order of the Royal Court of Guernsey on the application of the Guernsey Financial Services Commission (the “Commission”), Andrew Isham and Phil Bowers of Deloitte LLP were appointed as the Administration Managers to Providence Investment Funds PCC Limited (’the Fund’) and and its manager Providence Investment Management International Limited (‘the […]