Stephen Dewsnip

Trustee's Renewed Ex-Parte Motion for Substantive Consolidation of Debtors Only in re: Providence Financial Investments Inc. and Providence Fixed Income Fund LLC at the U. S. Bankruptcy Court for the Southern District of Florida.

Public Statement by the Guernsey Financial Services Commission that it has imposed a £7,000 fine on Stephen Paul Dewsnip regarding his conduct as "a non-executive director of Global Insurance Group Limited".

Irish conman Mark Nichols and his commodity trading advisor Almas Capital Management - who were exposed by OffshoreAlert 13 months ago - have settled a regulatory action brought against them by the National Futures Association in the United States.

The National Futures Association in the U.S. has issued a complaint against 56-year-old Irish conman Mark Nichols and his commodity trading advisor Almas Capital Management LLC for allegedly failing to cooperate with an NFA investigation into what appears to be an advance fee fraud - eight months after they were exposed by OffshoreAlert.

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.

Guernsey-based businessman Steve Dewsnip, who was arrested last year as part of a fraud investigation into Providence Financial Group, is involved with another questionable venture, Connecticut-based Almas Nexus, whose CEO, Mark Nichols, has a history of indebtedness and corporate failure.

Trustee's Motion For Substantive Consolidation in re. Providence Financial Investments, Inc. and Providence Fixed Income Fund, LLC at the U. S. Bankruptcy Court for the Southern District of Florida.

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.

Texas broker John Abio, who was allegedly known as "our sales star" by the U. S. arm of the fraudulent Guernsey-based Providence Financial group, is being sued for the return of $3.1 million in commissions.

Notorious British swindler Brett Jolly is secretly behind a global investment fraud being perpetrated under the name 'Privilege Wealth', OffshoreAlert can reveal. The scheme involves a sprawling web of companies and operators in Bermuda, BVI, Cayman Islands, Curacao, Dubai, Gibraltar, Guernsey, Jersey, Luxembourg, Panama, Seychelles, South Africa, Spain, UK, and USA.

News Release by Guernsey Financial Services Commission announcing the appointment of Administration Managers for Providence Investment Funds PCC Limited and its manager, Providence Investment Management International Limited.