1723 days ago
Last week I broke the news of the disappearance from public life of Quindell (QPP) fraudster Rob Terry following a conversation he endured with the Serious Fraud Office. But Terry is not the only Quindell fraudster in the soup, far from it. You may remember Mark Ford…
3012 days ago
The fraud that created nearly all of the fictional profits reported by Quindell (QPP) in 2011 was the panama pump involving Mark Ford's TMC Southern. I exposed it HERE in August 2014, got a fascist lawyers letter in response, and Quindell admitted that my allegations were correct in the summer of 2015. But still Rob Terry and his pal Mark Fraud are trying to cover up this ford. Check out Companies House HERE
3143 days ago
The fraud Quindell (QMC) has now formally admitted – what I proved well over a year ago and the FCA & AIM Regulation opted to ignore – that Mark Ford’s company TMC Southern was used to create totally bogus profits for Quindell in 2011. In fact its £3.5 million fraudulent contribution – funded by a panama pump of shares – accounted for nearly all the stated £4.1 million profit. It seems that Rob Terry and Mark Ford are working hard to “bury” this bad news. It will not wash with the Serious Fraud Office.
3522 days ago
Getting the truth out of Quindell (QPP) is like pulling Dragon’s Teeth. But here we go again on Skillwise Consulting, a newly formed company bought by Quindell owned Brand Extensions (run by Mark Ford) for £2.75 million on 1st September 2013. Remember the date.
I mistakenly suggested that the fellow who had trousered the £2.75 million was Ford himself. Quindell said that this was incorrect in its rebuttal of me stating that the purchase was via the issue of 1.2 million (consolidated basis) shares and explains it in full as saying it was:
3523 days ago
In yesterday’s half-baked attempted rebuttal of my recent allegations against Quindell (QPP) the company inadvertently let something critical out of the bag and it now begs a quite enormous question about the 2011 accounts. I refer to TMC Southern.
I had stated that Rob Terry was old pals of the management at BASL which was bought for £8.2 million in June 2011. That is because Quindell had asserted in its original RNS: “
"A 10 year long business relationship also exists between the vendors of BASL and key members of the company’s management team”
I wrongly believed that to be Rob Terry and accept that it was not. Quindell makes clear that the 10 year relationship is with Mark Ford.
3528 days ago
Gosh this is complicated. The Quindell (QPP) relationship with TMC Southern owned by Mark Ford (see HERE and HERE) is incredibly hard to untangle but one thing is clear: the numbers just do not stack up. Annual returns and reports conflict and there is an awful lot of cash which seems to have gone somewhere? Where? Read on…
The annual report for TMC Southern for the year ended 28 April 2011 is HERE
The 2012 Annual Report for TMC Southern is HERE
Please look at the balance sheet in the 2011 report. Is there anything missing? Er…yes.
3545 days ago
Gosh I wish I was a pal of Rob Terry’s. Then Quindell (QPP) could offer millions of quid for my business irrespective of its true value. Heck it’s only shareholders cash. Actually that' a joke, I'd rather drink Ebola than work for Rob Terry. Earlier I reported Quindell to its auditors over a series of sweetheart deals with Terry’s pal Mark Ford. Now I turn to Business Advisory Service Limited.
This outfit was bought for £8.1 million in shares and £100,000 in cash on June 21 2011. Who were the vendors? They were old pals of Rob Terry’s. We do not know who but Quindell itself stated in the RNS:
3545 days ago
I have today written to the senior partner at KPMG, Mr Simon Collins, asking him to check whether there was undetected fraud in the 2013 accounts published by Quindell (QPP) and audited by his firm. By fraud I mean the payment of cash and shares to a long-time associate of Rob Terry to buy companies that were essentially worthless. Such payments would be fraudulent. The payments would also be fraudulent were it to be shown that the company had some value but nowhere near that paid and that the purchase price could not be justified.
The Letter Reads:
Quindell PLC audited by KPMG – has fraud occurred on your watch?
Dear Mr Collins.
3546 days ago
Sorry to be a pedant but I have to ask – who was Quindell’s (QPP) largest trading partner in its IPO year of 2011? Quindell has never made this clear and its use of language on the Gotham denial puzzles me. Perhaps Mr 2+2, Rob Terry, can assist? And while he is about it can he expain why he is so keen on handing over millions of quid belonging to shareholders to buy shelf companies worth £68.40 from his old pal Mark Ford ( spelt with an R) - see HERE.
That 41% of sales came from one customer is not disputed and this massive ramp up in reported sales helped turn the Country Club into what it is today. Gotham City alleged that this customer was a related party SMI Telecom. Quindell’s response was:
3546 days ago
I gather that my first Mark Ford article HERE has had some effect round at the Country Club. Skillwise, the shelf company with no assets bought by Quindell from (I think Mark Ford) for £2.76 million in cash on August 30th 2013 has finally appointed some directors (Rob Terry and Laurence Moose). And it has extended its year end. So I guess some revenues will be put through it and it will not be struck off. But while we are on the subject of Mark Ford, let’s move onto BE Insulation (UK) Ltd.
3549 days ago
All the players in the Quindell (QPP) tale are in there: Rob Terry, Laurence Moose, Mark Ford, PR girl Foxy Bex, Steamy from the ridiculous QPPSAG, Cenkos, Kevin Ashton, Daniel Stewart, Gotham City, ebola, the UKLA and Canaccord. I hope you enjoy watching as much as I enjoyed producing this video.
3549 days ago
If you are a bull of Quindell (QPP) then that must largely be because you trust its founder, Mr 2+2 can = 5 Rob Terry. After all almost 40% of the revenue Quindell books this year will be accrued (i.e. not even invoiced but just based on what Rob Terry thinks will come in). He has bought businesses for massive prices from old friends based on what they might do (Himex and of course Brand Extension as exposed HERE yesterday). So you trust Rob Terry.
Ok, The Innovation Group crashed as did his prior venture but you reckon he has learned his lessons and THIS time he is playing it differently. I happen to disagree. Right from the launch of Quindell onto AIM in 2011 via an RTO the then Country Club business engaged in business practices which were simply not sustainable and which – to any impartial observer – scream out Red Flag ahoy!
3549 days ago
In the run up to September 30th Quindell (QPP) faces not only a critical cash crunch but also the unpleasant task of filing annual returns for a host of associate and subsidiaries and these will – I guarantee – prove to be a veritable red flag forest. The first of these reports is now in, Brand Extension, and this will shock even the #QPPSAG as they ask where shareholders cash has gone. Do Nomad Cenkos and broker Canaccord – to whose compliance department this article is going – have no qualms about this company?
