UK 09:14 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Over the past two days I have written twice to Lord Michael Howard, the former Tory leader and now NED at Quindell pushing him to investigate the biggest (relative to reported profits) fraud in Quindell History, the 2011 TMC Southern panama pump. And today the good Lord has replied – the board is on the case! Hooray. The latest exchange of emails between myself and Lord Howard, a politician showing real integrity is below:
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
DUCK AND DIVE
Bravo! The good Lord needs to brush up on his governance: if the Board is aware of these issues then it surely must notify the stock market immediately that they are being investigated. The regulations are there to protect shareholders and potential shareholders.
Lonster
Lord Howard wrote:
“The Board is aware of the matters to which you refer and will, in due course, make any relevant statement.”
This does not imply that they will investigate but instead simply states that in due course it will make any relevant statement.
Tom Winnifrith
Lonster
It it is aware & does not investigate then the new board is on the hook as others are investigating. The new board right now is not on the hook. It has no choice but to investigate. The “others” are now aware – as of 10 mins ago – that the BOD is aware
T
Showtime
Well done Tom. Without your unstinting efforts Terry & Co would have got away with it, again. I wonder how long it will be before “urgent business” takes him to some non-extradition location?
Malcolm Stacey
I’ve interviewed Michael Howard a few times and found him rather prickly. However, he does ripple with raw energy and enjoys being in the public eye. He is not going sit back and do nothing after Tom’s letters. Not nohow!.
J P Spaghetti
Careful, though – there’s something of the night about him…
MrMoto
[sic] I’ve watched Michael Howard interviewed a few times and found him to be a prick.
AK47
Well done Tom. Hope the fraudster RT gets a long stretch. All those threats you had made. Bunch of cowboys
Wellinever
Tom I thought that you was taking some time off.
David Atherton
Don’t forget Slater and Gordon’s share price (a) before they bought Quindell’s PI business and (b) today. The wise words you said to me at last year’s UKIC “the fraud has moved on to S&G” have borne fruit.