108 days ago
The Times today reports on what looks to be an appalling cover up by Lloyds Bank (LLOY), a billon quid fraud from 2009 which my old pal the champagne socialist Brian Basham did so much to uncover. Thus really is shocking. Six Lloyds employees were jailed for the fraud back in 2017 at which point Lloyds set up its own enquiry under a retired High Court judge Dame Linda Dobbs
2004 days ago
Brian Basham has been a legend of journalism and PR for more than fifty years. He moves in the highest circles of the Labour Party, is a serial AIM NED and exposer of corruption, notably the HBOS Reading scandal, and is a man not to be ignored. He has written a letter to AIM Regulation boss, the fake Sheriff of AIM, Mr Marcus Stuttard which I publish in full below as it makes very strong allegations.
3098 days ago
The only UK financial watchdog that is anything other than a poodle has again bared its teeth and again it is the auditors at KPMG that are in the firing line, this time over Carillion (CLLN). Still being investigatred over its role in the Quindell fraud, let off the hook on HBOS, KPMG at least knows how the Financial Reporting Council works.
3897 days ago
I am sure folks my age know who sang that classic. The year it came out I was living in Brooklyn. I'm back. Boy its changed. The corner where I used to come out of the subway and get offered drugs is now a plush little oasis. I sit in the Starbucks opposite. How things have changed. In today's bearcast I look at the real scandal and failings at HBOS, explain why flip flop's view of AIM is, like that of the Clown on ADVFN, narrow and distorted and flag up a few interesting factoids explaining my increasing bearishness about the stockmarket.
