19 Oct 2016
Christopher Paul Byrne, the founder and managing director of Lumiere Wealth Ltd, a Jersey advisory firm, has been arrested “in connection with” ongoing investigations into the firm and its ties to Guernsey-registered Providence funds.
In a statement on its website, the Jersey Financial Services Commission said it was “aware of the arrest on Friday 7 October, 2016 of Mr Christopher Paul Byrne in connection with the current investigation regarding Lumiere Wealth Ltd, and in this respect has been working closely with the Joint Financial Crimes Unit”.
“The JFSC’s investigation is on-going, and so no further statement will nor can be made at this stage, although the JFSC will keep this under review in light of any future developments,” the statement added.
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