In the widening investigations of Miami-based Providence Financial’s global investment schemes, investor losses are mounting on the other side of the pond, too, and findings about the company have been described as “a reeking pile of guano.” A judge for the Royal Court of Guernsey, a financial centre in the British Channel Islands, was told […]

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 […]

U.S. SECURITIES AND EXCHANGE COMMISSION – Litigation Release No. 23567 / June 13, 2016 – Securities and Exchange Commission v. Providence Financial Investments, Inc., Providence Fixed Income Fund, LLC, Jeffory Churchfield, and Jack Jarrell, Civil Action No. 0:16-cv-1877 WMW-FLN (D. Minn. filed June 7, 2016) On June 7, 2016, the Securities and Exchange Commission filed […]