King of the fraudsters Rob Terry is expanding his Knob Park empire with the purchase of the Square Cow boozer close to the Quob vineyard, as you can see below. I am afraid that in Airstrip One 2023, crime does pay.
As you can see in the court docket below, Leslie Greyling was yesterday yet again found guilty of massive penny share fraud in the US. But Leslie lives in Britain and, thanks to a bonkers decision by the then Foreign Secretary Jack Straw in 2000, is free to carry on fraud with impunity.
The FCA yesterday announced that subject to investors in Neil Woodford’s Equity Income Fund agreeing and to ACD Link making planned disposals then in due course punters would be receiving £235 million in compensation. That will claw back some of the losses folks suffered and I am sure that investors will welcome the news and support the package. But, the real villains are still sitting on £100 million of ill gotten gains.
Today’s sanction sees KPMG fined £1.25 million, discounted to £875,000 for pleading guilty to its crimes, and getting another severe reprimand/ pointless slap on the wrists. The fine is peanuts and since all the big 4 get regular reprimands nobody cares any more. This time KPMG sinned by screwing up on the calendar 2016 accounts of Luceco.
I have repeatedly warned about Eden Pharma. The folks targeted by boiler rooms pushing it and Aries were also targeted by folks raising £65 million for One True View and Appbox Media. As you can see below in a letter sent out to Aries and Eden investors the fuzz have swooped on multiple addresses and arrested one 40 year old.