Providence
Tax & Regulation | 12 May 17
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.
Tax & Regulation | 4 Apr 17
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.
Investment | 16 Jan 17
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.
‘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.
United Kingdom | 28 Nov 16
Ex-Providence director cleared of fondling waitress
Steve Dewsnip, one of the former directors of the collapsed Guernsey-based Providence Investments Funds, has been cleared sexually assaulting a waitress at Wembley Stadium.