FCA Southern

3226 days ago

Rob Terry, Quindell, the Serious Fraud Office and Slater & Gordon – and accounts delayed again

I have known for months and months and reported it here that the Serious Fraud Office had at least interviewed folk on Quindell (QPP). The weekend press suggests that the SFO is now formally on the matter, something that has massive implications for insider dealer and fraudster Rob Terry, Quindell and possibly for Slater & Gordon. This comes on a day when Quindell warns that its accounts will be delayed – oh dear, oh dear. 

For Terry the SFO news is a disaster. The FCA has the power to fine him a multiple of the proceeds of his crimes but the involvement of the SFO means that a custodial sentence is a gimme. Do not think that the FCA and SFO are at an early stage on this matter they have been on the case for months. In the case of Terry what is interesting is who joins him in the dock. Hapless ex FD Larry Moorse is certain to be there but I’d bet a fiver that ex CEO Rob Fielding will be there too, not least for the £2 million bung he picked up as part of the £30 million deal to buy a worthless business from convicted Nigerian fraudster Andrew O’Dua.  The NEW board at Quindell was made aware of the O’Dua/Fielding scam and did nothing.  It strikes me that all sorts of folks in Hampshire should be stocking up on the KY Jelly as they prepare for life in B Wing.

Quindell itself

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