Lumiere Wealth fraud trial kicks off in Jersey
Chris Byrne is accused of losing £2.7m in client money via high-risk investments
Lumiere Wealth
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Providence boss pleads guilty to $150m fraud
The chief executive of Providence Companies Group has admitted to orchestrating a $150m (£110m, €125m) scam that duped mostly elderly and vulnerable people across the world.
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Jersey regulator warns of fake Aussie investment firm
Jersey residents have been warned to be on guard after an Australian firm pretending to be a regulated investment company went on the prowl.
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Date set for former Lumiere MD’s fraud trial
The former managing director of defunct Jersey-based IFA firm Lumiere Wealth, Christopher Paul Byrne, will face a six-week trial in Jersey’s Royal Court starting next August.
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Two charged in $150m Providence scam
The chief executive of Providence Companies Group has been federally indicted, along with its chief operating officer, for orchestrating a $150m (£112.5m, €125.8m) fraud that saw the firm’s operations in Guernsey and a Jersey-based IFA firm shut down in 2016.
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Fraud trial of Lumiere Wealth’s Byrne set for summer 2018
The former managing director of defunct Jersey-based IFA firm Lumiere Wealth, Chris Byrne, will likely stand trial in summer 2018 for, among other things, fraud and knowingly making misleading or deceptive promises to clients.
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Former Lumiere boss Chris Byrne faces further fraud charges
The founder and managing director of defunct Jersey-based IFA firm Lumiere Wealth, Christopher Byrne, is facing further charges related to his role in selling investments in the now-collapsed Providence Funds.
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Four arrested in connection with Guernsey’s Providence funds
Four men have been arrested on suspicion of fraud as part of the ongoing investigation into the collapsed Guernsey-based Providence Investment Fund that saw some investors lose their life savings.
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Jersey investors better protected by ombudsman than Guernsey
Retail investors in Guernsey do not have the same right to redress as their Jersey counterparts, Channel Islands ombudsman Douglas Melville has confirmed.
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Former MD of Lumiere Wealth makes further court appearance
The founder and managing director of defunct Jersey-based IFA firm Lumiere Wealth, Christopher Byrne, has appeared in court for a fourth time and been granted bail.
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Jersey regulator launches campaign against mis-selling
The Jersey Financial Services Commission (JFSC) has teamed up with the Personal Finance Society (PFS) to launch a public awareness campaign on investment mis-selling in response to increasing numbers of local investors losing their savings through high-risk investments.
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‘Highly unlikely’ Providence investors will get money back
Investors in the doomed Guernsey-based Providence Investment Funds have been told it is “highly unlikely” they will receive any money back, as a campaign group is set up on their behalf to target an FCA-regulated firm it claims is behind the funds’ promotion.