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Even a few of our detractors have now come around
The document below is so utterly shocking that surely the FCA must now be held to account. In September of last year I demonstrated why Standard Listed Umuthi Healthcare (UHS) was a fraud and exposed how it had been brought to market by a convicted fraudster Connie Van Nieuwkerk. By October 21 2021, the company was forced to ‘feee up in an RNS to Connie and also that its CEO Gert Viljoen had also been arrested in South Africa and was also in the slammer. So how did the FCA respond?
Broker Pello, which brought to market such horrors as the fraud Umuthi (UHS) and has been a stain of UK financial services for years is back. The FCA stopped it doing any new business on August 6 but last night it had news for its scumbag clients:
Readers of this website already knew that Umuthi (UHS) a company admitted to the Standard List after full FCA due diligence, was a fraud after our series of exposes HERE. You also knew that its CEO Gert Viljoen and the fraudster Queen Connie Van Nieuwkerk had been arrested as we revealed HERE. Today, it got worse. Much worse.
I exposed the fraud that is Standard Listed Umuthi Healthcare (UHS) in a devastating series of articles HERE. The FCA has the shares suspended but, perhaps because of its own grotesque bungling detailed HERE, has yet to admit there is a problem. Perhaps now that arrests have started in South Africa that might change.
The FCA is meant to regulate the Standard List of the LSE. Cripes it is not just at the back I hear sniggering, you are all laughing out loud. Please be serious and let us treat the FCA with the respect that it is due. Standard Listed Chill Brands (CHLL) has misled investors as to its trading position. What will the FCA do about it? I have written a letter this morning.
This weekend’s short letter on the N50 website will look at a company whose shares you can trade. Today, I am feeling pretty proud of my take-down of Standard Listed Umuthi (UHS) whose March 4 IPO was to have valued it at £368 million. A series of articles HERE has seen its sole NED resign and nobody now seems to doubt that this is a complete fraud with no business and that the revelations are truly shocking. Sadly, as it is an obvious zero, its shares are suspended but there are lessons. Here are 10 signs that this was a fraud:
Thanks to the Winnileaks service I have been sent an email from Gert Viljoen, the CEO of the Umuthi (UHS) fraud, sent on 18 September 2019, almost 18 months before the FCA allowed this con to list. Read and weep at the lies Gert told to folks sold shares in Umuthi by either him or the Queen of the fraudsters Connie Van Nieuwkerk with most of the cash trousered by Gert or Connie and a bit going to Umuthi.
By June 10 as the FCA suspended trading in shares in the fraud Umuthi (UHS) for a second time it had been aware for a while that this IPO was put together by a fraudster known for cooking the books and banned from doing any financial services work by the South African equivalent of the FCA. But in this letter, passed to the Winnileaks service, sent to Umuthi while it asks a stack of questions the FCA stresses there is NO formal enqury. FFS why not? And some of the questions it asks, regarding the resignations of Memery Crystal and PKF Littlejohn should surely have been asked back in March, rather than after the shares were allowed to resume trading – albeit for only two weeks – on May 25. The FCA is not fit for purpose as we noted here. The letter is below.
I discuss a fascinating article about XL Media (XLM) HERE in the Times of Israel. If I wanted to list a fraud I’d be big on ESG as was XL. Chris Bailey’s fund manager pals would love it as I stole all the cash. I look at gender targets and ask what they should be, referencing Principals of Cambridge Colleges. I look at Mercantile Ports (MPL) and PrimaryBid and then what I plan, or hope, to do next about the fraud Umuthi (UHS), ask the victims to tell their stories. I look at Paul Johnson’s Power Metal Resources (POW) and its latest news which takes me back to 2007 and Mark Watson Mitchell’s Yellowcake. I comment on Asimilar (ASLR) and then go to town on Deepverge (DVRG) and its journalist trolling cock of a CEO Gerry Brandon explaining why I believe investors were materially misled in the run up to the £10 million June 7 placing and why the company is, for a variety of reasons, a total bargepole. It is just not investment grade material.
In between trying to make mint cordial, mint ice cream and damson jam last night I had a call from a man who had done some work for Umuthi (UHS) and what he said about a forged document purporting to show a bank transfer and a blocked site visit is further evidence of what a complete fraud this is from top to bottom. I relay it to you and wonder what the FCA will say about this?
a few more words on Umuthi (UHS) after today’s bombshell and on where it leaves the FCA. Then I flag up a few personal committments which sees me cooking like a dervish for a few days but then I shall be onto my next fraud expose which is also in Africa but this time with AIM listed companies. Then I look at comedy from ADVFN (AFN) ask a serious question abut Chill Brands (CHLL) and the proven liar John Story and finally discuss Argo Blockchain (ARB)
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 Earlier today I turned to the resignation of Memery Crystal. Next up is the UK’s regulator and why this episode, again, shows it to be not fit for purpose.
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.
In today’s bearcast I look at MyHealthchecked (MHC), Umuthi (UHS) with a warning for the FCA of what is happening tomorrow and a discussion of what it takes to be a fraud enabler and at ITM Power (ITM) and green investing.
Following my bombshell earlier about how Jeffreys Henry signed off accounts that PKF LittleJohn refused to put its nsme to and which were prepared by Connie Van Nieuwkerk, a lady banned from financial services after cooking two sets of PLC books, I have now written to my good friends at the accounting watchdog, the FRC.
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?
As folks close to the fraud Umuthi (UHS) start to play the man not the ball I set the record straight. I have agonised about the ethics of this as a journalist but feel I have no choice and then to MyHealthChecked (MHC) where we shareholders have to accept that facts changed today.
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?
I start with a few reflections on that dreadful day 20 years ago. Then look at Oxford Nanopore and Central Copper and the advantages as an investor of having been around the block a few times as greed right now is all around us. Finaly a few more words on Umuthi (UHS) after today’s shocking exposes and what the FCA needs to do asap about this scandal.
Thanks to a reader who points out that Colim Bloom, the patsy English NED at the fraud Umuthi (UHS), is a leading and well connected Tory as well as a devout Christian. For £3,000 a month he seems happy to remain a director afraid of no comeback. Perhaps that is because, like the fraudster Chris Cleverly who amazingly enough is linked into this story too, he is well connected to leading Tories. Or maybe, like Julie “lingerie on expenses” Meyer (Praise be the Lord), he is doing God’s work? Here is a news release from our beloved Government. Pass the sick bag.
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 NED Colin Bloom. Now for a simple question? How many shares were in issue when this company floated?
After sending a prospectus for FCA approval again and again since 2017, Umuthi Healthcare Solutions (UHS) finally got approval on the 24th attempt and on 4th March this year, its shares joined the Standard List. Six days after listing, its auditors quit, joining two legal advisory firms who had already resigned in the previous 12 months. The shares were suspended and then trading restored on 25th May. They were again suspended on 10th June and look set to never come back as this is the most scandalous of frauds as I shall explain with a series of shocking exposes over the next 48 hours.
Eurasia Mining (EUA), of which more later, has already met Roy this week as it became the company to have enjoyed the longest spell ever under a Formal Sale Process without actually getting a bid or admitting there would be no bid. It snatched that record from Best of the Best (251 days) on Thursday morning. But before the late Mr Castle thinks his job is over, I sense Umuthi Healthcare (UHS) may also get to meet him, Norris and, of course, Cheryl Baker, formerly of Bucks Fizz. In doing so, it will show that however many women the FCA promotes it is still useless.
Is the Zoetic (ZOE) owning moron really responsible. Clearly he does not believe in a free press, hates me and boasts of it. But we are under a massive attack which is a bit of a distraction. Elsewhere I look at the bonkers turn of events at Umuthi (UHS) and speculate why the FCA has suspended the shares.
There is news from the garden. Then a few notes on covid testing stocks. Then comment on Umuthi Healthcare (UHS) and finally a reminder of AIM Rules for Westminster Group (WSG) chaired by ex Tory MP Tony Baldry of 3DM infamy. There is also an explicit warning on Eden Pharma, a potential pot IPO.
