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Tom Winnifrith Bonus bearcast: Cenkos fined £530,000 over Quindell fraud - assisting crime DOES pay says the FCA

Tom Winnifrith Wednesday 10 August 2016

 

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The FCA will say that fining Cenkos (CNKS)  £530,000 over the Quindell (QPP) fraud shows regulation is working. Au contraire. The narrow scope of its investigation, the failure to sanction individuals and the paltry fine show that assisting crime does pay if you work in the City. It sends out all the wrong signals and is a day of shame for the Square Mile as I explain in this podcast.

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About Tom Winnifrith
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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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