bungs

2213 days ago

Exclusive: How Conviviality won business - up front bungs to customers

I bring you below a Heads of Terms agreement offered by Conviviality's (CVR) unit Matthew Clark to a potentially largish restaurant chain. Quite simply it is offering an upfront bung of 5% of the expected two year sales as an upfront payment.

2635 days ago

BREAKING: Lyin' Chris Cleverley of African Potash: $250m RNS exposed as "a total fabrication"

Oh dear, Oh dear. Another source has come forward to expose yet another monstrous lie told by the fraud African Potash (AFPO) back in the autumn of 2015 as part of its pre bailout placing series of ramptastic lies. The undisclosed bungs, the $10m LOCs that did not exist, the bogus orders all were aimed at getting awasy the January 12 rescue bailout. It worked, the shares were ramped higher. But it was on the basis of lies. That is fraud. Let us rewind to 25 September 2015.

3190 days ago

Quindell: the biggest stockmarket fraud for 30 years, it 'fesses up - Tom Winnifrith Bearcast part 1

In this part of the bearcast I go through all the frauds admitted to by Quindell today, the bungs, the lies, the non disclosures, the revenue recognition issues, the panama pumps. Most of this has been revealed on this website already but today Quindell fessed up. What we said abut Himex, TMC, Stretton Knowles, the fraudster Rob Terry...it was all true. And that means that Rob Terry WILL go to prison for this. And so will others.

Part two of this podcast - what happens now to shares in Quindell and Slater & Gordon is HERE

I suggest that UK Investor Show Magazine which came out this weekend now looks visionary on this fraud. You can read it here