Roger Lawson's conclusions on Globo: should we tar all Greeks with the same brush?

The Globo (GBO) fraud claimed to be drowning in cash. In fact it had just debt. There were numerous red flags but its supporters, like Roger Lawson, suggested that we critics were wrong. Only after Gabriel Grego’s bombshell report, which only this website had the cojones to publish while snot gobbler Dan McCrum of the FT merely alerted the CEO so he could dump millions of shares, and when Globo admitted it was a fraud did Lawson accept that we were right. The great man has now spoken after news broken by this website that the FCA is not going to do anything about such a slam dunk fraud.

FCA Investigation: Operation Newhaven – Globo plc: Crime appears to pay! Another epic FCA Fail!

You remember Globo (GBO). I was a bear and pointed out numerous red flags even doorstepping it in Athens. Roger Lawson of ShareSoc said I was wrong and did not understand tech stocks like he did, Globo had £40 million of cash and was profitable. Then Gabriel Grego compiled a bombshell dossier. Snot gobbler Dan McCrum at the FT did not have the balls to publish it but alerted the CEO who sold millions of pounds worth of shares over the four days until I obtained and published the dossier, the shares were then suspended, there was no cash, no profits it was a fraud, a slam dunk fraud. But it seems that crime does pay.

BREAKING: The FCA sees off legal challenge from the Globo fraudsters

It really is an ouzo on cornflakes day. Not only has Gerry Brandon been fired but the FCA has won a legal victory in its attempts to nail the fraudsters behind Globo (GBO) an AIM listed scam I warned about, doorstepped in Athens and eventually helped bring down by publishing the dossier of my pal Gabriel Grego.

BREAKING: The man who ensured the FCA prosecuted Globo bosses reveals himself

No! It is not snot gobbler Dan McCrum of the FT who tipped off the CEO allowing him to sell millions of shares in the days before the balloon went up at the Globo (GBO) fraud. McCrum still insists that he is the journalist responsible for Globo’s downfall whatever Gabriel Grego says. But it is another unsung hero who brought Globo to book. You may have thought that he was a supportive shareholder in the fraud, dissing we bears as not knowing what we were talking about. However…

FCA launches lawsuits against Globo bosses Costis Papadimitrakopoulos and Dimitris Gryparis – all hail the FT not! Gabriel Grego cites the main journalist hero

After a six year investigation the FCA has finally launched lawsuits against the CEO and CFO of the £300 million Greek fraud Globo, once a poster boy of the AIM sewer. The company raised more than £100 million in debt and equity but was a complete fraud, going tits up in 2015. You may remember ...

The curse of Beaufort strikes again - Gavin Burnell & Andrew Gutmann have left the Novum Building

I have highlighted before the curious way that Gavin Burnell of Globo (GBO) infamy was working at Novum Securities even though the FCA had not re-authorised him to conduct investment business following the demise of Beaufort Securities. All good things must come to an end.

Elon Musk's biggest fan in Greece updates his facebook page - crime does pay for Costis the Globo fraudster

Elon Musk might be forgiven for thinking that few in the business community still love him. But he does have fans. Step forward Costis Papadimitrakopoulos the founder and CEO of Globo (GBO) which raised tens of millions of dollars in debt and via issuing shares on AIM and claimed to have net cash but er... did not. It was a fraud and Costis took stacks of that cash and also sold all his shares before the balloon went up after being tipped off by snot gobbler Dan McCrum of the FT. Anyhow Costis has been busy on facebook updating his profile last month as you can see below.

Is Gavin Burnell the most expensive teaboy in the City – what exactly does he do at Novum?

Prompted by a reader I wonder exactly what Gavin Burnell of Globo infamy is doing round at Novum Securities these days?

Globo – Grant Thornton is not off the hook despite the FRC dropping investigation

Globo (GBO) was a fraud which claimed to have cash but did not and is now bust.  Its downfall was precipitated by ShareProphets publishing a Gabriel Grego dossier after the FT and snot-gobbler Dan McCrum merely tipped off the CEO allowing him to dump all his shares and failed to publish. Now the Financial Reporting Council says that it is letting auditor Grant Thornton off the hook and dropping its enquiry.

Globo – FRC; “no realistic prospect of a finding of Misconduct” re. Grant Thornton UK’s audits

Gavin Burnell of Globo infamy – what does he do at Novum and does the FCA know?

I noted yesterday that Gavin Burnell of Globo infamy was one of the team at Novum Securities which raised £4.5 million for Audioboom (BOOM) at 3p – a placing which is already well underwater. How do I know? Because his name is one of three at Novum on the RNS. But here is a funny thing: Burnell is not approved by the FCA to conduct investment business! As you can see below, it reckons he is “inactive.”. I took this up with Novum boss Hugh McAllister…

From Globo to Bitcoin natch - the Greek fraudster of the year is back

You can't keep a good man down, or indeed a bad man. I refer to Greece's perennial entrant in the European fraudster of the year contest, Mr Konstantinos "Costis" Papadimitrakopoulos. You will remember him as the creator and CEO of the fraud Globo (GBO) and a man who was able to sell all his shares before we exposed him HERE and the stock was suspended, after Dan "snot gobbler" McCrum of the FT alerted him that the game was almost up. As you can from LinkedIn see Costis has a new venture and also sees Bitcoin as an area to get into. And who said that the crypto currency was mainly a place to launder ill gotten gains?

Missed out on the Globo fraud fear not Gavin Burnell is backing another wannabe AIM "winner"

Some folks have no shame. I talk not of serial promoter of dogs and frauds Gavin Burnell but of AIM Regulation who are allowing another Burnell backed "winner" to list. The high point of Gavin's career was of course Globo which he brought to AIM via an RTO, where he was a very well paid NED, made a killing selling shares and which was then exposed as a fraud HERE and went bust within 72 hours. Of course Gavin did nothing wrong. The CV gets better

New Bulletin Board Moron of the week PRIZE contest graciously sponsored byRoger Lawson again

Former ShareSoc chairman Roger Lawson, who has threatened to sue Tom Winnifrith, is the sponsor of this week's Bulletin Board Moron contest. Yes he sponsored last week's contest as well but he still has a few of the Globo sharesw he promoted so enthusiastically to hand out as a prize so Roger is back again

New Bulletin Board Moron of the week PRIZE contest sponsored byRoger Lawson

Today's the day that African Potash gets slung from the NEX markets or has the rules bent for them, so in normal circumstances it would sponsor this week's contest. But there is an even better sponsor, step forward  Roger Lawson of ShareSoc  who will donate some of the Globo shares he owns as a prize.  Natch, Lawson sold most of his Globo shares before telling readers to sell, but he still has some left and even offered to help the management take the company forward.

Who has been daft enough to send Tom Winnifrith a stern lawyer's letter? 92% of you guessed wrongly

Five days ago someone who you would say had  a career death wish, if he had actually got a career, sent me a stern lawyers letter demanding that I pull all articles on him (going back 40 months) pay him damages, never write about him again and publish a grovelling apology dictated by him. I asked you to guess who has been so daft and 92% of you got it wrong.

Wise words from the man who was supportive of Globo & Blinkx - Roger Lawson

Who has just written "I said in our last newsletter that my portfolio performance was disappointing in 2016, but I am feeling a lot better now as I made a reasonable profit and better than most of the "expert" tipsters it seems. Perhaps the moral to be drawn from this news is that it might be best to do your own research rather than pick up tips from others and rely on them for investment purposes. Reading the national press or other publications might be useful for picking up ideas, but you should consider any tips with an appropriate amount of scepticism until you have researched the companies and fully understood what they do and their financial structure. In other words, don't simply believe what you read.

Photo Story: Crime does pay if you are an AIM CEO - check out where Costis Papadimitrakopoulos from Globo is hanging out?

You remember Globo (GBO) don't you? It was the AIM listed Greek company based down the road in Athens from the InternetQ (INTQ) Norfolk which claimed to be profitable and drowning in cash. Except it was not. In the days before we exposed it HERE and got its shares suspended and the firm put into administration, CEO Costis Papadimitrakopoulos sold millions of pounds worth of Globo shares knowing what was to emerge as snot gobbler Dan McCrum of the FT had tipped him off without actually having the balls to break the story. So Costis is clearly a crook but crime does not pay does it? Well it seems that for AIM CEOs like Costis it does.

Wondering where the cash Costis stole from Globo went? Gavin Burnell might know a thing or two

In case the rozzers want to know where Costis, Konstantinos Papadimitrakopoulos, hid the cash he liberated from the fraud Globo (GBO) both directly and via share sales in the days running up to its collapse, perhaps they should ask disgraced Globo NED and the man who listed it on AIM Gavin Burnell. For it seems that Gavin had dealings with the criminal bubble outside of Globo.

Reviewed: Performance of the AIM shares shorted as at the start of 2015

From the FCA's spreadsheet of short positions required to be disclosed to it, we recently detailed the shorted AIM shares (by net short position %) at the start of 2016 - see HERE. The following review of 'The AIM shares shorted as at the start of 2015' suggests further why it may be worth paying some attention...