Lawsuit over collapsed Providence fund challenged
Reports PwC is looking to get the £25m case thrown out of the Guernsey courts
Providence
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Lumiere Wealth compensation comes up short
Confiscation order against former chief executive not enough to fully pay back victims
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Lumiere’s Chris Byrne found guilty of fraud in Jersey
Former financial adviser and Lumiere Wealth chief remanded in custody
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Lumiere boss foolish but evidence unreliable, argues defence
The defence team in the Chris Byrne Lumiere case say evidence is “inherently weak and misleading”
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Lumiere Wealth fraud trial kicks off in Jersey
Chris Byrne is accused of losing £2.7m in client money via high-risk investments
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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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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.