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.
The stench of fraud, corruption, lies and deceit at Quenron (QPP) is now obvious to all but the biggest moron. In their desperation the shareholder morons (assisted by Quindell itself) throw ever nastier and more misleading rubbish at the critics, notably me. My response, I am not flinching I fight lies and smears with proof of FRAUD. Let's reveal another scandal at Quenron. This will horrify you. Meet Overland and meet Jason Cale.
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Comments
alcira16247
TurboGrandDad
Feel free to fill in the blanks am sure you’ll be able to think of at least three stooges and the company they represent whom may be applicable?
Misleading financial statements puts ………… executives in front of the judge
In the latest Financial Conduct Authority (FCA) criminal case to reach the courts, the former chief executive and two other senior directors of ………………., have been accused of a ‘prolonged deceit’ and forgery in the early stages of their jury trial.
……………., the chief executive, as well as chief operating officer, ……………….., and ex-financial controller, ………………., all stand accused by the FCA of making false and misleading statements to the market about the financial results of the company between ……… and ……………, as well as misleading their auditors and staff.
……….. continued by saying that the motives of the accused were obvious: ‘Personal financial gain.’ He explained how two of the accused made themselves ‘multi-millionaires’ through the conspiracy.
This conspiracy lasted a very long time,’ ……….. told Southwark Crown Court. ‘Once the market had first been misled by the actions and deceptions of these three defendants, there was a continuing need to prolong the deception. They had to ensure that the truth never emerged.’
If all, or any, of the defendants are found to be guilty, they could face a jail sentence of up to seven years.
www.icsa.org.uk/products-and-services/governance-and-compliance/news/april-2012-misleading-financial-statements-puts-isoft-executives-in-front-of-the-judge
Fingers crossed that history will repeat itself!
ST
The FCA has now abandoned the case. Today formal not guilty verdicts were recorded and the defendants received an order for costs.
“xxxx has always strenuously denied the allegations and is delighted he can now finally begin to rebuild his life. This is the second time the jury has been discharged in this case which has cost the public purse millions of pounds. We are delighted the prosecution has at last discontinued the matter.”
http://www.thebusinessdesk.com/westmidlands/news/494539-former-isoft-directors-cleared-of-fraud.html
turbograndad
Alceria/Tom, A chicanery of a board of directors, New collective noun list perhaps. Yes the 3 stooges hand writing is all over this.