Public Statement by the Guernsey Financial Services Commission that it has imposed fines on Global Insurance Group Limited, Christopher Schofield, and Andrew William Robert.
In further bad news for investors in the failed Privilege Wealth investment scam, the company that purportedly insured investors' capital was today compulsorily struck off Guernsey's corporate register.
In ominous news for investors in Privilege Wealth's insolvent $40 million investment scheme, the company they were told was insuring their principal - Affinity Insurance PCC Limited - has lost its insurance license in Guernsey.