The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
Published 11 June 2018, 03:02
For its 2013 financial year, the fraud Quindell (QPP) switched its auditors from RSM Tenon – already fined by the Financial Reporting Council as a direct result of my work – to KPMG. But unusually for a firm claiming to be so large it chose the small Southampton office headed up by Senior partner William Smith to check its books.
Published 28 September 2016, 04:08
It was an interesting experience listening to the Radio Four show “File on Four” yesterday evening at 8pm. It was a programme about fraud on AIM, with a big focus on the China Frauds we have exposed right here on ShareProphets. There have been plenty of other frauds which have resulted in Tom Winnifrith being in receipt of lawyers’ letters, death threats and much more besides. And with reference to the China Frauds, it is here that you read it first. So why is it that the Beeb didn’t bother to get in touch with us directly?
Published 27 May 2016, 01:34
Himex was the biggest single acquisition fraud perpetrated 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 published 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.
Published 31 December 2017, 09:35
In the last year, ShareProphets has produced 3733 articles from the scandals of Telit's Oozi Cats to the scandals of African Potash to the scandals of Cloudtag. Here are the 100 articles and 25 Bearcasts that were most read by ShareProphets readers.
Published 12 April 2024, 08:04
The UK has a massive problem with fraud. In its report Fraud Track 2024, BDO indicated that reported fraud was £2.3 billion up a 104% on prior year. In many cases the fraudsters operating via the internet and using Crypto currencies are not going to be identified or found by the flat-footed plod which prioritise dealing with “hurtful” tweets on Twitter over financial crimes.Published 29 November 2024, 12:43
The facts are clear. Louise Haigh MP, until today our transport secretary was convicted of fraud in 2014. She did not tell the electors who voted her into parliament several times since or indeed her Labour selection meeting. Rather like Rachel from Customer Services she hid the truth to get selected and then elected. Yet bien pensant lefties are rushing to the defence of Ms. Haigh.Published 5 November 2014, 02:22
Quenron sent its first lawyers letter demanding a grovelling apology signed by me but written by the fraudsters, a promise never to write about it again and a retraction of all my articles on 19 August. As you may have noticed, I have told Quindell where to stick that letter and I want it to serve Court papers on me as that will start the process of disclosure. As of today, after two and a half months no papers have been served despite me upping the ante with specific allegations backed by proven factual evidence of both accounting and securities fraud. Quindell really does not want disclosure to get underway does it. Shall I give you an example of why?
Published 14 September 2021, 09:31
So far you have met the fraudster Queen, the other South Africans on the board who are mired in this fraud and an enabler, broker Pello and its boss Andy Frangos who are also deeply implicated in the Umuthi (UHS) bezzle and the patsy UK NED Colin Bloom - now since resigned. Then we established that nobody actually knows how many shares there are in issue. and finally we established that there is almost certainly no real business at Umuthi whatever it accounts state! And then we exposed the red flags over auditors and the enablers at Jeffreys Henry. Now we turn to the resignation of lawyers Memery Crystal a firm I have thrice beaten off after it sent fascist bully boy letters threatening me on behalf of crooks like Chris Cleverly. Memery was lawyer to Umuthi.
Published 1 June 2021, 15:59
This issue seems to be confusing some of the morons who own the humungously overvalued shares in the fraud Zoetic International (ZOE). And so I shall explain why. I shall make it simple as those who are confused are themselves simple and so there will not be too many long words. Before I start, I explain why Zoetic is a fraud.
Published 11 September 2021, 17:02
So far you have met the fraudster Queen, the other South Africans on the board who are mired in this fraud and an enabler, broker Pello and its boss Andy Frangos who are also deeply implicated in the Umuthi (UHS) bezzle and the patsy UK NED Colin Bloom. Then we established that nobody actually knows how many shares there are in issue. Now for a real killer. Does Umuthi actually have a business?
Published 30 December 2016, 01:04
In the long run buying shares in companies that break accounting rules, commit fraud and which are running out of, other people's, money is a recipe for poverty and thus AIM listed fraud Eden Research is my second share tip of the year, like my first (Cloudtag HERE) it is as a sell. The shares are now xxp but this is a sell at any price down to 0p. Frauds are always worthless in the end.
Published 16 February 2015, 05:54
My series on the fraud that is Worthington (WRN) continues today with an invoice that raises all sorts of questions. By now the bully boy lawyers for Worthington who have threatened me with action should be starting to sense the scope of the material I am sitting on and there is buckets more to come. The invoice comes from 2013 and is linked to Rangers Football Club.
Published 12 February 2024, 14:37
Okay the Home Secretary does not name his cousin, one of the UK's highest profile fraudsters thanks to the Tingo (TIO) scandal but in the tweet below talking about his new campaign "Stop! Think Fraud" he accepts the damage that fraud does. Cleverly's cousin has caused investors to lose hundreds of millions of dollars and enabled crooks to cash in big time. But what Cleverly(James) just cannot seem to understand is what is needed to tackle fraud. No politician gets it.Published 9 November 2018, 04:14
It gets worse and worse for MySquar (MYSQ) a company that I have been openly accusing of fraud for more than a year. On Monday it partially ‘fessed up. Today it got worse.
Published 2 September 2016, 07:48
I have today published the lawyers letter sent by Memery Crystal - lawyers to Globo - but which also acts for the fraudsters African Potash (AFPO) demanding money from me, trying to gag me but also admitting that its client has committed securities fraud. The letter also implies that Nomad Cantor Fitzgerald approved releases (and lack of releases) which meant investors in a placing on 12 January 2016 were utterly deceived as to the trading position at Potash. And that is a clear cut case of fraud. But will Marcus Stuttard, the head of AIM Regulation do anything about it or is fraud now acceptable on AIM? I have written to the man who basks in the title "The Sheriff of AIM" as you can see below.
Published 15 July 2015, 05:07
From the makers of the truly appalling The Only Way is Essex (TOWIE) we have a new reality show out this summer Life on Marbs. Set in the Costa del Crime it features a bunch of men and women whose aim is to shag anything that moves, and who all appear to be rather light in terms of the little grey cells. And its big star is John Stretton Knowles, who may well soon be chatting to the Serious Fraud Office about his role in the stockmarket’s biggest fraud for 20 years – Quindell PLC. Not that ITV seems to know about that.
Published 21 April 2023, 14:45
ShareProphets turned 10 years old last week, a date that Tom and I found so significant that neither of us noticed. Of the 40,250 articles we've published over the past decade, here are the 20 most read and of the Beartcasts, the twenty most listened-to.Published 9 August 2015, 05:28
I had a good chuckle at Ben Turney’s ShareProphets Translation Service piece (HERE) covering the formal statement issued by AIM Regulation regarding the biggest stock market fraud the UK has seen in thirty years, otherwise known as Quindell. I am not laughing now. Wednesday’s statement from AIM Regulation proves once and for all that it is just a sham designed to lure investors into a false belief that the LSE’s junior market is policed. It is a front, and an affront.
Published 13 September 2021, 12:58
So far you have met the fraudster Queen, the other South Africans on the board who are mired in this fraud and an enabler, broker Pello and its boss Andy Frangos who are also deeply implicated in the Umuthi (UHS) bezzle and the patsy UK NED Colin Bloom - now since resigned. Then we established that nobody actually knows how many shares there are in issue. and finally we established that there is almost certainly no real business at Umuthi whatever it accounts state! Hang on what about the auditors?
Published 1 July 2017, 05:30
Late on Friday, at no-one is watching O'Clock we learned that Po Ling Low had quit as FD of AIM listed China fraud Aquatic Foods (AFG) with immediate effect. Really? It was 5.21 in London so it was 1.12 in the morning in China. Did Po really walk the plank so late in the evening. Clearly that was just another lie from this slam dunk fraud.
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