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Jersey-based ex-Lumiere CEO Christopher Byrne sentenced to 7 years in jail
David Marchant
Posted: Friday, November 30, 2018
Joined: 9/13/2007
Posts: 1249


Bailiwick Express: An ex-finance boss will spend seven years behind bars after misleading his vulnerable, elderly and financially naïve clients to losing £2.7million of their wealth in a fraudulent fund.


 

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Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.