1326 days ago
I have now lodged a formal request to quotelinedirect (owned by Bollington Insurance brokers) to be compensated for how it scammed me with a rip off car insurance policy last year. If I do not get c£1850 and interest back within eight weeks I go to the Financial Ombudsman immediately. I have, in the interests of transparency, said that I am a financial journalist so it knows that I shall write about the case.
3008 days ago
Yes one of the three is Brokerman Dan. Some of you may not feel the greatest of sympathy for him but when he and others ponied up a total of £4.2 million at 2p for what they were told was "seed financing" for Lenigas Cuba (CUBA) they were not told that at the same time David Lenigas and two pals were getting more than 50% of the equity in this POS at just 0.01p. That funding was the seed capital and Levi and others were fleeced.
3100 days ago
This podcast ends with me thanking many readers for making me laugh. Before that I look at Lenigas Cuba (CUBA) and suggest that all 2p investors contact the Financial Ombudsman now. Then I discuss the - unfashionable - idea of taking responsibility for our own actions. Then I cover the fraud Globo (GBO) before looking at LGO Energy (LGO) and Inspirit (INSP) where placings loom very soon indeed. Then I cover World Careers Network (WOR), Standard Chartered (STAN), PeerTV (PTV) and Getech (GTC).
3166 days ago
Yesterday we outed Mr John Molyneux as the WH Ireland stockbroker who had mugged 75 year old pensioners by sticking the cash from discretionary accounts into penny stocks – usually WH Ireland corporate clients doing a fund raise – which had nearly all cratered. I can reveal that Mr Molyneux has now decided all of a sudden that at 68 it is a good time to retire. With immediate effect. But if he and AIM listed WH Ireland (WHI) think this scandal is over they are mistaken. It is just beginning.
Because, while one 78 year old couple has taken their mugging up with the Financial Ombudsman and got back just under half of their losses (£150,000) we are fully aware that this was not an isolated case.
