925 days ago
After six years the Serious Fraud Office appears to have dropped the enquiry into the king of the fraudsters Rob Terry. This is a damning indictment of the SFO though Terry will maintain it proves his innocence. I despair. Quindell was a fraud. It lied to investors. Its accounts were bent. It engaged in crazy related party transactions which allowed a series of hoods to make tens of millions of pounds but the SFO cannot get a case together. Watchstone (WTG), which is the new name of Quindell, has just announced:
954 days ago
Praise be the Lord! I can reveal that, after my weekend barrage, devout Christian and Tory Party hack Colin Bloom has this morning resigned as the sole UK director of the Umuthi (UHS) fraud. Amen. Moreover…
1108 days ago
Just for the record, I first explicitly warned the woke dullards at the FCA which regulated (no sniggering at the back please) this group that this would end in tears in October 2019. The Serious Fraud Office has, today, launched a formal investigation into suspected fraud at the Raedex Consortium, including the companies Buy2Let Cars, PayGo Cars, Raedex trading as Wheels4Sure and Rent2Own Cars. This is the group run by devout Christian Reginald Larry Cole.
1284 days ago
If you lost money on the £3 billion Quindell (QPP) fraud it might be better to look away now. Welcome to Hampshire Life, a publication which describes the king of the fraudsters, Rob Terry, as an “entrepreneur.” The latest issue features an article with a picture of Rob, showing that it is not just his investors who have lost a few pounds, his charming young wife Tracey and their champagne producing vineyard. Meanwhile the SFO Investigation continues…
1612 days ago
A couple of conversations last week make me convinced that the day when the SFO brings the Quindell (QPP) fraudsters to book for what was a £3 billion con is not that long away. We know that the fraudster in chief, Rob Terry, emerged terrified from his second interview with the SFO in July, as I revealed HERE, and that the SFO has been on the case for almost six years. I believe the wheels of justice are finally starting to turn and in that vein bring you a reminder of our 50 most read articles and listened to podcasts on AIM’s biggest ever fraud. I should also say that new documents have fallen into my possession that the authorities do not yet have. They will get them this week AFTER I publish them here as they are explosive. Meanwhile back to the top 50. Enjoy!
1616 days ago
It is quite clear that regulators in this white collar crime infested land are useless. Yesterday I flagged up a £12 million and increasing boiler room operation in the City of London that the authorities will do nothing about.
1697 days ago
A source acquainted with the Serious Fraud Office Investigation into Quindell (QPP) now known as Watchstone(WTG) has confirmed that the fraudster in chief Rob Terry has now been interviewed by the Serious Fraud Office twice, the most recent time being in late July.
1727 days ago
We know that the Serious Fraud Office investigation into the Quindell (QPP) mega fraud is well advanced. Is this a sign that it is about to get really interesting?
1863 days ago
Things are moving rapidly in the collapse of the London & Capital Finance ponzi scheme, which fleeced 14,000 punters – mainly pensioners – by offering high yield bonds - and which ShareProphets has done so much to expose, as you can see HERE.
Last night the Serious Fraud Office (SFO) announced that four men in the Kent area had been arrested and that it was, like the FCA, investigating the ponzi.
1996 days ago
Two days after MySquar (MYSQ) suspended its shares on the AIM Casino and admitted to fraud and a cash crisis its odious slug of a chairman, the well known PR spinner Mr Piers Pottinger has quit as a director and from the company. Piers may wish to distance himself from what is a very messy crime scene but it is too late. He was either involved in the fraud or enabled it by his incompetence or his silence or both. He features in a detailed dossier I am preparing for the FCA and SFO urging them to launch a formal enquiry.
2002 days ago
The rumour swirling round the City is that following an FCA visit 2 weeks ago the SFO called in on a well known firm today. Various names have been mentioned but to be clear I have on the record denials from both Novum and Optiva. It was not them. Was there a raid at all? I don't know but in the current climate folks are prepared to believe the worst. I discuss why the number of AIM Casino listed companies will plunge from c930 today to sub 800 within 18 months if the bear market in small caps continues or, indeed, accelerates. I think it could.
2006 days ago
Can Julie "Lingerie on Expenses" Meyer MBE sink any lower? Pursued by the Maltese Police on criminal charges, under FCA and SFO investigation, owing vast sums to the IRS, HMRC and numerous other creditors can she sink lower ? er yes as we show below.
2119 days ago
Perhaps, when you are on the run from the Maltese Police, being investigated by the SFO, FCA, MFSA and ActionFraud and be chased over unpaid sums dating back, in some cases more than a decade, by 3 banks, the IRS, HMRC, Maltese tax authorities and two folks with CCJs, another Court case is the least of your worries. But for Julie “Lingerie on Expenses” Meyer that new Court case came a step closer today. PR legend Henry Gewanter has filed papers.
2124 days ago
With the Maltese Police desperate to locate Julie Meyer MBE as she avoids criminal charges, with the SFO, MFSA and FCA running enquiries not to mention investigations by the tax authorities into evasion in the US, UK and Malta you could have forgiven Ms Lingerie on Expenses for going to ground. But she has been spotted in London. Quck – if you are one of the many to whom she owes money and want to serve her hurry down to the Royal Institution, Mayfair, W1S 4BS. Meyer has been spotted! Meanwhile...
2130 days ago
When you are wanted by the rozzers in Malta on criminal charges,, being pursued by a range of banks and others over unpaid debts, being investigated by the FCA, MFSA, SFO, Action Fraud, IRS, HMRC and others, does theft of property from an administrator really matter? Well, clearly not for Julie “lingerie on expenses” Meyer MBE.
2131 days ago
Wanted by the police in Malta on criminal charges, under investigation by the HMRC, FCA, MSFA, SFO, IRS and the UK Police you would have thought Julie "lingerie on expenses" Meyer MBE would stop telling blatant lies in order to somehow part folks from their wealth. But now, another piece of GDPR non compliant spam arrives twice in my inbox this weekend and, as you can see below it is utterly lie packed.
2141 days ago
In his time as General Counsel to the Ariadne Group run by Julie “Lingerie on Expenses” Meyer , Mr Peter Bradley had occasion to send me three lawyers letters on behalf of his boss who is now being investigated by the FCA, the MFSA, the SFO, Action Fraud, the IRS, HMRC and is wanted on criminal charges by the Maltese Police. I had thought that Bradley had parted company with the charlatan, liar and fraudster Meyer in April but the Ariadne website, as you can see below, suggests otherwise.
2146 days ago
Shareholders in Lombard Risk Management (LRM) do not care – they got a 13p cash offer from Vermeg and have banked the cash. But now the low countries acquirer is hopping mad. It has fired Lombard’s CEO and FD announced widespread redundancies and stated that the Lombard team lied about their prospects so results for the year to March 31 2018 will be way below forecast. The statement is damning and begs big questions of many. Surely the Lombard bosses stand accused of fraud? Should not the FCA and SFO have a butcher's?
2336 days ago
Normally the king of the fraudsters, Rob Terry of Quindell (QPP) infamy cannot keep quiet. He is desperate to tell us all about new disruptive developments at his new Ponzi, Quob Park. But as you can see below, the great man's Knob Park blog has been silent for almost three months. Perhaps there is something else on his mind?
2450 days ago
That Telit (TCM) is going to zero is a given as I explained yesterday HERE. But now we need to know why Canaccord quit on May 26 as Nomad. I suggest the reason in this podcast and call for a wider AIM Casino rule change on Nomad resignations. Then it is on to 2 CEO resignations. The bombastic prick David Williams has gone from drowning in debt Avanti Communications (AVN). Avanti is toast but I run through the red flags pertaining to Williams himself and ask a question about his payoff for failure. As for Redcentric (RCN) can I claim this as a scalp? Frazer Fisher must have known about the mega payroll fraud of March 31 2016 as I revealed HERE. Yet he trousered a big 2016 bonus and sold stacks of shares just after publishing the 2016 number which he KNEW WERE CROOK. This departure is to avoid him being in situe when the FCA, FRC and SFO announce their findings. Actually can the Sheriff claim a scalp on the bombastic prick Williams too? I got the FRC to pan his company and exposed all sorts of Avanti red flags and naughtiness. Two scalps in a day - ouzo time?
2462 days ago
In five year time, the king of the fraudsters, Rob Terry of The Innovation Group and Quindell (QPP) infamy says he will be floating his latest ponzi, Quob Park Estate for $1 billion. Bollocks. There is more chance of me getting lucky with the entire Dallas Cowboys cheerleaders squad within the next 48 hours. As the SFO investigation into the £3 billion Quenron fraud ratchets up a gear, the only thing Rob Terry will be doing in five years time is praying that his next Roomie at Ford Open doesn't have a taste for ugly older men.
2500 days ago
I am pretty much finished here in Greece as I explain in the podcast. And as such I start the journey home tomorrow to spend time in sun-drenched England with the Mrs, Joshua and - of course - Oakley, my utterly pampered three legged cat who is, I gather, now being given iced water to cope with the heat. In this podcast I look at Barclays (BARC), the SFO and the nature of fraud. I look at Thor Mining (THR) where events disgust me and at Ariana Resources (AAU) where I am dissapointed and less accepting than Nigel Somerville is.
2520 days ago
I would like to see a low tax small state Britain. Sadly that dream is not shared by any of the money tree worshipping political parties but I can still hope. Instinctively that makes me view HMRC as the pantomime villain, a body to be hissed and booed whenever it comes on stage to try and get more cash out of hard working folks. But in the case of HMRC vs Gary Lineker, the jug eared virtue signalling poseur, I will not be warning Mr Walker's Crisps that "he's behind you", I cheer on the taxman at every turn.
2537 days ago
Oh dear, oh dear, the net is closing in on Roberty Simon Terry, the man behind the UK's biggest stockmarket fraud Quindell. Aussie Poltroons Slater & Gordon (SGH) which has almost bankrupted itself after paying £649 million for most of the worthless Quindell businesses from what is now Watchstone Group (WTG) has made an announcement.
The poltroons state that S&G's UK subsidiary has received a S2 notice from the Serious Fraud Office
2538 days ago
More details of how Aussie poltroons Slater & Gordon (SGH) is suing Watchstone (WTG), Quenron (QPP) as was, for £600 million have emerged in the Aussie press. And for Britain's biggest fraudster of the past 30 years, already under SFO investigation, it is not good news. And top of the morning it is to you Robert Simon Terry.
2607 days ago
There are some folks who think that the failure of the Serious Fraud Office (SFO) to arrest king fraudster Rob Terry of Quindell means that Mr 2+2 can = 5 is off the hook. Think again. A source has been in touch.
2671 days ago
The fraud Worthington (WRN) where ex prisoner Aidan Earley has now exposed himself as a shadow director, went into liquidation on November 21. So why have the shares not been slung off the Official List by the UKLA, part of the FCA? I talked to the FCA last week.
2746 days ago
Today is a very dark day indeed for AIM as the scale of the white collar crime at New World Oil & Gas under its former management team has become clear. That former directors should be investigated by the SFO and others is clear. But AIM Regulation must act quickly to cut one cancer out of the system, it must stop Roland "Fatty" Cornish individually and his firm Beaumont Cornish from ever acting as a Nomad again. I urge you to email the boss of AIM Regulation Marcus Stuttard demanding this happen and suggest what to write below. You can email Marcus at
2796 days ago
Nick Davis is the CEO of City law firm Memery Crystal but also sits on the board of the prestigious AIM Advisory Group. That has to end now as his role in the African Potash (AFPO) fraud comes to light. I warn African Potash that my man in London is set to supply more documents relating to yet another deal where it grossly misled investors ahead of a placing. There is worse to come and more for the SFO, FCA, FRC and AIM Regulation to get their teeth into. Now back to Davis.
2796 days ago
I have already alerted the FCA, AIM Regulation and the FRC to the growing scandal at African Potash (AFPO) with regard to the non disclosure of a £600,000 bung on December 1 2015 as part of a pre placing ramp. Now it is onto the Serious Fraud Office, SFO, to whom I have written today.
2822 days ago
Environmental Recycling Technologies (ENRT) was slung off AIM today. But the former 3DM is not telling you something rather more serious which happened 11 days ago. This is a fraud that is now officially dead;. It has cost mug punters £65 million. I explain why it is a fraud (as I did back in 2005) and I name all of those on the roll call of shame including FSA (now FCA) officials who failed investors, nomads, brokers, tipsters, managers. And I explain my next step - write to the SFO.
2822 days ago
The FCA is set to fine Cenkos over the Quindell fraud, the FRC has thanked me as it panned Quindell for fraud, and the SFO is making good progress on the Quindell fraud yet some morons still blame me for the penury they suffer as a result of ignoring our warnings that Quenron was a fraud. These fools really do believe that Rob Terry was a good guy and, unbelievably, are still trying to put me out of business. Step forward a troll on the ADVFN Asylum posting crap under the nom de plume NickyName.
2885 days ago
You could not make this up but fraudster Rob Terry is getting into crowdfunding working alongside Peter Shea, the boss of disgraced ex AIM Casino listed China fraud specialist Daniel Stewart (DAN). It was, of course, Daniel Cesspit that listed Quindell on a fraudulent prospectus and signed off of the fraudulent deals with TMC Southern, that conjured up entirely fictitious profits for Quenron in 2011. The SFO will sooner or later arrest Terry and he's going to jail, but it seems as if Shea is determined to implicate himself by association.
2885 days ago
Himex was the biggest single acquisition fraud perpertrated by Rob Terry at Quindell (QPP) and today the scale of that £100 million plus fraud has been laid bare as the re-branded Watchstone (WTG) has publsihed 2015 results. These show that statements made by new management with 2014 results were rash reckless and misleading but also that the Serious Fraud Office is still going after Terry and his cabal.
2923 days ago
I start this podcast with a bit of a reflection on one or two excellent pieces this weekend notably my own stuff on African Potash (AFPO) and the Horse Hill ramp but also the cracking piece today by Cynical Bear on Fast Forward (FFWD). In the bearcast I also look at a stack more Brexit lies as well as discussing why Rob Terry has broken cover and where the SFO is with its investigation into the fraudster.
2935 days ago
I have writer's block. This is partly Steve Moore's fault and my own for writing things that bore me. It is partly my keyboard which does not me writing fecking hell or damn. On the markets I look at Iofina (IOF), Avanti Communications (AVN), Imaginitik (IMTK), SFO Prosecutions, Strat Aero (AERO) and I also again comment on the great news about Darren Winters from earlier today.
3086 days ago
We were told that the new Quindell (QPP) board were the honest guys coming in to clean up the mess and to help the Serious Fraud Office clear up the wrong dealings of the ancient regime. Yet evidence emerged yesterday that instead of doing that the new board including Lord Michael Howard is just trying to bury the evidence of theft from shareholders. I have written to Lord Howard and the SFO to alert them to this and ask why?
3107 days ago
They still don’t get it. The FRC has thanked me for exposing fraud at Quindell (QPP) and the former board are being investigated by the SFO as well (it can thank me later for the assistance I have provided). Yet according to some Quindell shareholders on the LSE Asylum I am the guilty party, the devil incarnate. And boy were they looking forward to my day in the High Court today…don’t tell the morons it is off as at least one admits to going along last time to cheer on my then opponent Aiden Earley. I would not want to stop a moron from wasting a morning.
3136 days ago
Rob Terry will, I am sure, soon be arrested by the SFO over the Quindell (QPP) fraud but the crook is not finished in his criminal ways. Via his new Ponzi, Quob (Knob) Park Estates he is clearly guilty of market abuse concerning AIM listed Imaginatik (IMTK) and I have asked the FCA to investigate. Perhaps worried about this Terry has been deleting tweets.
Knob Park has built up a 14% stake in Imaginatik – a company that is only NOT bust – because Chairman Matt Cooper lent it $110,000 to keep the lights on a few days ago. But that has not stopped Terry talking his book.
Yesterday Knob tweeted:
3136 days ago
This company encapsulates the Quindell (QPP) story of serial fraud in the most simple of companies, a dormant £1 company with one share. Yet the three filed accounts are all wrong. The company is then acquired for £1,354,000 just two months after filing accounts showing a net worth of £2,501. Quindell then incorrectly disclosed the acquisition in its 2013 accounts. The new Board then writes off all the acquisition as goodwill. Finally, despite being owned by Quindell since October 2014 QFS is issued with a striking off notice as it's late filing the 2014 accounts and two Annual Returns. And it gets worse…more fun for the SFO as I now explain.
3141 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.
3172 days ago
I am meant to be offline in Greece but I log on and discover the flip flop Turney is writing bullish nonsense on Quindell (QPP). The lad should really stick to writing three articles a day about New World Oil & Gas (NEW). After yesterday's news from the FCA/SFO I discuss who goes to prison with the fraudster Rob Terry and where this leaves the shares. Those who dismiss YLF tend - like flip flop - not to have spoken to them and - as a result - not to understand what is going on.
3175 days ago
So what was Rob Terry doing hooking up with the Bahamas based financial criminals back in 2011 when he floated Quindell (QPP)? Answers on a postcard to the Serious Fraud Office (SFO) I suggest.
3182 days ago
This week’s disclosures by Quindell (QPP) have shown conclusively that the gargantuan body of work which started back in April 2013 by ourselves and colleagues at ShareProphets was on the button. Along the way there were allegations of securities fraud, accounting fraud, VAT fraud, insider dealing, market abuse in what is simply a staggering litany of revelations. The evidence was passed to the FCA, AIM Regulation, the SFO and others in a series of submissions going back to April 2014. Yet the FCA and AIM Regulation utterly failed to act on the evidence handed over. The FCA took until June of this year to open an investigation – we rather suspect because of a me-too response, once it was known that the SFO was involved and that the Financial Reporting Council (FRC) had been looking at Quindell. AIM has yet to confirm any actions beyond a spot of belated flag-waving.
3183 days ago
Heck I could not resist...a new Rob Terry, Quindell and Quob park video has been created to celebrate the SFO Criminal Investigation into the fraudster. Enjoy.
3184 days ago
The fraudster Rob Terry of Quindell (QPP) infamy is a busy guy as he prepares for the inevitable dawn raid by the Serious Fraud Office as a precursor to a trial and a custodial jail sentence. His latest posting on the website of his new vehicle Quob Park is quite simply delusional.
Terry discusses the merits of getting a public listing HERE and argues that it would be better if Quob Park did not list. Hmmm. We can think of another good reason or fifteen why a listing is not going to happen. How about the fact that Quob’s founder (Mr Terry) is the subject of a SFO Criminal Investigation? Or the fact that PWC has come out and said that the accounts he prepared at Quindell (and even its IPO document) were plain fantasy? Or that Mr Terry misled the poor lambs at KPMG in relation to prior audits? The list goes on. And on. And on.
It is just inconceivable that a Rob Terry entity could gain a public markets listing. Even the AIM casino would say no and no Nomad in town would touch Terry with a bargepole.
Then Terry goes onto to argue that Quob’s biggest investment – Daniel Stewart
3185 days ago
I shall admit that the old fraudster has chutzpah but he has today welcomed the SFO Criminal Investigation into Quindell (QPP). He should not as it will see him going to prison. Anyhow via his new fraud Quob Park Estates he had today said he sees Quindell shares worth 172p (in your dreams my son), accused me (0p target) of being short when I was not (that is defamation your criminal tosser since I was not short and gained no financial advantage from the shares slumping) and said he welcomes the SFO getting involved (that’s a lie). The statement from the crook reads:
3186 days ago
We have been telling you this for months but the Serious Fraud Office (SFO) has just announced that it is investigating Quindell (QPP). Oh dear Rob Terry perhaps not a day for dropping the soap jokes is it?.
3190 days ago
Oh dear, Oh dear, poor old Lord Michael Howard, the former Tory leader, does not seem to be having terribly good luck with his Non-Executive Directorship career. To stumble into one Serious Fraud Office investigation (Quindell) might seem unfortunate. To stumble into a second (Soma Oil & Gas), which was announced yesterday, seems like carelessness.
Of course poor Lord Howard had nothing to do with the fraud at Quindell under its ancien regime – we just hope that – now that he is such good pals with the SFO – he wants to come clean on ALL its frauds. And there is no suggestion that as Chairman of Soma Oil & Gas – a private company – he has done anything wrong.
But the chaps round at the SFO
3215 days ago
Now that Lord Michael Howard and I are such good mates I wonder if the ex-Tory leader would like to comment on the status of Quindell Financial Services as I have a horrible feeling that this may be another fraud involving ex CEO Rob Fielding.
We already know that the SFO and others are looking at the £2 million bung that Fielding picked up when Quindell bought a worthless company from convicted Nigerian fraudster Andrew O’Dua for £30 million. But now let’s look at Quindell Financial Services.
3218 days ago
The most blatant and biggest (in relative terms) fraud at Quindell (QPP) concerns the TMC Southern panama pump which created 140% of the reported Quenron profits in the 15 months to December 31 2011. Lord Michael Howard has confirmed that the new board is aware of this monster fraud as are the SFO and FCA and other regulatory bodies. But to demonstrate the duplicity involved I bring you more detail.
3223 days ago
I have known for months and months and reported it here that the Serious Fraud Office had at least interviewed folk on Quindell (QPP). The weekend press suggests that the SFO is now formally on the matter, something that has massive implications for insider dealer and fraudster Rob Terry, Quindell and possibly for Slater & Gordon. This comes on a day when Quindell warns that its accounts will be delayed – oh dear, oh dear.
For Terry the SFO news is a disaster. The FCA has the power to fine him a multiple of the proceeds of his crimes but the involvement of the SFO means that a custodial sentence is a gimme. Do not think that the FCA and SFO are at an early stage on this matter they have been on the case for months. In the case of Terry what is interesting is who joins him in the dock. Hapless ex FD Larry Moorse is certain to be there but I’d bet a fiver that ex CEO Rob Fielding will be there too, not least for the £2 million bung he picked up as part of the £30 million deal to buy a worthless business from convicted Nigerian fraudster Andrew O’Dua. The NEW board at Quindell was made aware of the O’Dua/Fielding scam and did nothing. It strikes me that all sorts of folks in Hampshire should be stocking up on the KY Jelly as they prepare for life in B Wing.
Quindell itself
3322 days ago
I bring you below an Afren (AFR) press release dated last Friday which it appears not to have released via RNS. Oversight perhaps?
It seems that it has now informed the SFO of yet more dodgy dealings under the ancient regime and so one must hope that at last we will see some ex Afren executives doing bird. Such news makes little difference to the investment case. The shares remain a straight sell at 3.5p with an initial target of sub 1p. But it would be good to see some criminal crony capitalists doing time.
3336 days ago
My first meeting with my barrister as I seek to have the Aiden Earley injunction lifted is on Monday afternoon and will cost £1000 +VAT. My lawyers’ fees are already in excess of that. The hearing at the High Court on Wednesday will cost several thousand pounds and so I ask for your URGENT help in getting this injunction lifted so we can expose more stock market crime.
We still have a couple of thousand on the kitty from the Sefton/AIM Cesspit campaign but that will be gone once we pay the first lawyers bill. And the costs here will rack up but it is important that we win.
As a result of our work full dossiers are now with the SFO, UKLA/FCA, HMRC and others.
If you value this work to clean up the stockmarket I ask you
3343 days ago
Everything I say in this podcast is backed by the leaked emails, documents and analysis of the 22 part Worthington fraud series run over the past couple of weeks. I hope the SFO and FCA/UKLA are listening carefully as I explain this fraud on investors and the Jerome pension fund from start to finish.
3343 days ago
The contents of this article have had to be withdrawn – on a temporary basis because of an interim injunction granted to Mr Aiden Earley. We are appealing this matter as we believe that the activities of this convicted crook and disqualified director, and shadow director at Worthington, merit a wider audience. If you can make a small contribution to our rapidly growing legal bill to ensure that Earley is exposed please do so. Details of why we need assistance and how to help are HERE
3344 days ago
The contents of this article have had to be withdrawn – on a temporary basis because of an interim injunction granted to Mr Aiden Earley. We are appealing this matter as we believe that the activities of this convicted crook and disqualified director, and shadow director at Worthington, merit a wider audience. If you can make a small contribution to our rapidly growing legal bill to ensure that Earley is exposed please do so. Details of why we need assistance and how to help are HERE
3367 days ago
I am sure that Laurence Moorse, the insider dealing finance director of Quindell (QPP) is now aware, as am I that the Serious Fraud Office (SFO) is now looking at matters Quenron and in that vein I have again written to the little crook urging him to save himself.
Dear Laurence.
3423 days ago
The chocolate teapots that are the SFO/FCA have prosecuted just 46 people for insider dealing and 29 have been found guilty and not one has been sent to prison. But the scale of Rob Terry’s Quindell crimes mean he should be the first. I suggest he face the maximum 7 year prison stretch and a fine of £19 million (fines can be unlimited) – the question is how many times has he dealt on inside knowledge.
We know when he made a net 7 million quid on November 5th from share sales ( which he said were buys) that he did so knowing that Canaccord had quit as joint broker – information not released to the market. That is slam dunk insider dealing.
3437 days ago
Of course this is the UK and the SFO are bloody useless just like the FCA and AIM Regulation. If this was the US there would have been a dawn raid on Quindell with arrests at homes across Hampshire give the wholesale fraud at this POS AIM casino company. However…
