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Folli Follie - Greek Press reports criminal charges on the way, Gabriel Grego comments

Tom Winnifrith Saturday 26 May 2018

 

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The suspension of shares in Folli Follie on Friday because, after three weeks, it was unable to verify its claimed cash balances is surely the beginning of the end. The Greek Press is today reporting that criminal charges for the bubbles in charge are on the way - see HERE. I like to think I played a small part in its downfall and really enjoyed my doorstepping last week. But the architect of this exposure is my pal Gabriel Grego of QCM although it is only a matter of time before Dan "snot gobbler" McCrum at the FT takes full credit. Gabriel has now commented on the latest news. It is a considered piece. He writes:

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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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