Steve Dewsnip, who once dedicated to his professional life to sign up over one hundredÂ property-grabbing Rothschild Credit Select Series Mortgage Loans, is now being tried for bum-grabbing.
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Ex-Providence director in court over alleged sexual assault
By Monira Matin
Added 17th November 2016
Steve Dewsnip, one of the former directors of the collapsed Guernsey-based Providence Investments Funds, has appeared in court in London accused of sexual assault.
The 49-year-old allegedly fondled a young waitressâ€™s bottom in an exclusiveÂ WembleyÂ Stadium suite after an England football match, Harrow crown court heard on Thursday reported The Evening Standard.
Dewsnip, of Castel, Guernsey, pulled the woman towards him, put one arm around her and groped her as she collected glasses following the match in September last year, the jury was told.
â€śHe reached an arm out behind me, pulled me towards him and fondled my bum.
â€śHe pulled me right up next to him and continued with the conversation and did not acknowledge what was happening.
â€śI felt unable to protest. I was working and we have to be polite and I tried not to make contact with him. Itâ€™s very hard to know how to react,â€ť the alleged victim, a full-time student from London, told the jury.
Dewsnip, the founder and ex-chairman of Guernsey FC, was arrested when he returned to the same suite for an England v France friendly international a month later.
He pleaded not guilty and denied the allegation, adding that he had no recollection of touching anyoneâ€™s bottom, even accidentally.
The trial continues.
Collapsed Providence funds
Dewsnip resigned from his position as director at Providence in early August just weeks before Guernsey Financial Services Commission (GFSC) ordered the stricken fund to be wound up, deeming it insolvent.
In a further twist, Jerseyâ€™s financial services regulator shut down local IFA firm Lumiere Wealth,after an investigation into the sale of Providence Investment Funds to its clients.
As a result, Lumiere Wealth’s founder and managing director, Christopher Byrne was arrested in October, charged with a ÂŁ1m ($1.2m, â‚¬1.1m) fraud linked to the funds.
In September, Providence Global, a majority owner of Lumiere, also came under fire for its links with Miami-based Providence Financial InvestmentsÂ for defrauding investors out ofÂ $64m.
In the same month, a group of British expats named Dewsnip in a lawsuit against NM Rothschild over a Spanish property scheme which allowed them to take out mortgage worth up to 75% of the value of their homes.Â