927 days ago
After six years the Serious Fraud Office appears to have dropped the enquiry into the king of the fraudsters Rob Terry. This is a damning indictment of the SFO though Terry will maintain it proves his innocence. I despair. Quindell was a fraud. It lied to investors. Its accounts were bent. It engaged in crazy related party transactions which allowed a series of hoods to make tens of millions of pounds but the SFO cannot get a case together. Watchstone (WTG), which is the new name of Quindell, has just announced:
1049 days ago
I first wrote about the High Street Group 426 days ago. It was the sixth mini bond scheme I had written about. Of the first five, four being London and Capital Finance, Blackmore Bond, Bassett & Gold and Buy 2 Let Cars and all in administration and in the case of London and Capital Finance and Buy 2 Let Cars, the Serious Fraud Office are investigating the Directors. Wellesley Finance managed to pull off a Creditors Voluntary Arrangement and persuade investors to take a significant haircut in order to let the group restructure and avoid administration.
1110 days ago
Just for the record, I first explicitly warned the woke dullards at the FCA which regulated (no sniggering at the back please) this group that this would end in tears in October 2019. The Serious Fraud Office has, today, launched a formal investigation into suspected fraud at the Raedex Consortium, including the companies Buy2Let Cars, PayGo Cars, Raedex trading as Wheels4Sure and Rent2Own Cars. This is the group run by devout Christian Reginald Larry Cole.
1699 days ago
A source acquainted with the Serious Fraud Office Investigation into Quindell (QPP) now known as Watchstone(WTG) has confirmed that the fraudster in chief Rob Terry has now been interviewed by the Serious Fraud Office twice, the most recent time being in late July.
1723 days ago
Last week I broke the news of the disappearance from public life of Quindell (QPP) fraudster Rob Terry following a conversation he endured with the Serious Fraud Office. But Terry is not the only Quindell fraudster in the soup, far from it. You may remember Mark Ford…
1811 days ago
Today sees the publication of quite abysmal results from Watchstone (WTG), the company formerly known as Quindell (QPP). It confirms that the Serious Fraud Office investigation into the former management team led by King fraudster Rob Terry is ongoing but there is also bad news for the jug eared virtue signaller Gary Lineker who trousered £5 million from selling free shares in Quenron as the company he promoted, Ingenie, is going down the pan.
1811 days ago
As the King of the fraudsters, Rob Terry, awaits the next news from the Serious Fraud Office on the Quindell (WPP) fraud he is keeping his hand in with his new venture and its sparkling wine offering, which you can see below. Okay, Quob Park Premiere Cuvee Rose Millesime 2018 will not be ready for shiping until next year but if you order now this untested plonk will only set you back £100 a bottle rather than £200 the “target price”. Just send your cheques to Mr Terry and what could possibly go wrong? Bargain!
2488 days ago
Redcentric (RCN) CEO Fraser Fisher is still in place despite his company having admitted to having grossly overstated its 2016 accounts, something that pushed up the shares allowing him to make a killing dumping stock a year ago. The FCA is investigating this matter as are other agencies which almost certainly means the Serious Fraud Office. So far the fall guy has been the ex FD. But I can now demonstrate that Fraser must have been persoinally aware of at least one major fraud, a type of con the King of the fraudsters, Mr Rob Terry, also pulled off at Quindell and The Innovation Group.
2539 days ago
Oh dear, oh dear, the net is closing in on Roberty Simon Terry, the man behind the UK's biggest stockmarket fraud Quindell. Aussie Poltroons Slater & Gordon (SGH) which has almost bankrupted itself after paying £649 million for most of the worthless Quindell businesses from what is now Watchstone Group (WTG) has made an announcement.
The poltroons state that S&G's UK subsidiary has received a S2 notice from the Serious Fraud Office
2590 days ago
Well fraud fans, the first day of reckoning for the shabby fraud that is Cloudtag (CTAG) looms. If it has no Nomad in place by Monday night next week then its shares will be booted off AIM. Unable then to raise even death spiral funding and with no sales it will go bust pretty quickly. If it was not already close to going tits up it would not have attempted that last gasp discount placing with broker Novum. So, as no Nomad will sign up to act for an obvious fraud the Fat Lady is waiting in the wings. When this does go bust the video below, recorded with morally bankrupt rampers for hire Proactive, should be examined very closely by the Serious Fraud Office as it is damning..
2608 days ago
There are some folks who think that the failure of the Serious Fraud Office (SFO) to arrest king fraudster Rob Terry of Quindell means that Mr 2+2 can = 5 is off the hook. Think again. A source has been in touch.
2699 days ago
Oh what tangled webs we weave, eh Mr Terry? Not distracted by the ongoing Serious Fraud Office investigation that will see him end up in jail, Rob Terry has a new venture. Natch it is one based on an old fraud but that probably won't deter some folks.
2798 days ago
I have already alerted the FCA, AIM Regulation and the FRC to the growing scandal at African Potash (AFPO) with regard to the non disclosure of a £600,000 bung on December 1 2015 as part of a pre placing ramp. Now it is onto the Serious Fraud Office, SFO, to whom I have written today.
2887 days ago
With the Serious Fraud Office closing in on Quindell (QPP) fraudster Rob Terry and his gang, the round up of suspects is going to be made easier by the way more and more of them are pitching up at Rob's new ponzi, Knob Park. The latest gang member to join is Tim Scurry, a Canadian now embarking on his 4th venture with Terry.
2887 days ago
Himex was the biggest single acquisition fraud perpertrated by Rob Terry at Quindell (QPP) and today the scale of that £100 million plus fraud has been laid bare as the re-branded Watchstone (WTG) has publsihed 2015 results. These show that statements made by new management with 2014 results were rash reckless and misleading but also that the Serious Fraud Office is still going after Terry and his cabal.
2967 days ago
I have to date reported four companies to the Financial Reporting Council asking it to investigate accounts which I believe to be fraudulent and or misleading. So where am I with these four and what is the common thread?
The first to be dobbed in was Quindell. The FRC publicly acknowledged that it widened the scope of its enquiries as a result of my letter and Quindell was found guilty on all sorts of counts. Expect disciplinary action AFTER the Serious Fraud Office has made its arrests.
The next three are Eden Research (EDEN),Servision (SEV) and Avanti Communications (AVN) which all stand accused (by me) of unacceptable revenue recognition policies.
2974 days ago
This is the least of the problems facing fraudster Rob Terry. A looming arrest by the Serious Fraud Office and a likely multi year jail term is top of his worries but now Watchstone (WTG), formerly Quindell (QPP), is accusing him of six figure expenses theft.
2984 days ago
I've got more bad news for fraudster Rob Terry. No, it is not the Serious Fraud Office & Quindell (QPP). That is for later this year but probably Rob won't have to wait that long for the 6 AM knock. This time it is Daniel Stewart which is almost 10% owned by Rob's new ponzi Quob Park Estates. It seems as if the cash burning broker is now out of cash and has had to start borrowing just to keep afloat. Pro tem. Oh dear.
3016 days ago
Himex was the biggest fraud in the Quindell (QPP) Augean stable but until now the scale of that fraud totalling hundreds of millions of pounds has remained hidden because Himex has now FINALLY filed accounts. The company has now changed its name to Hubio Solutions Ltd and snuck out accounts - on my Birthday - which the Serious Fraud Office will just love. It is bad news for Rob Terry but also for Watchstone as it exposes the myth pushed by the bulls that its ongoing businesses have any value.
3065 days ago
The Sunday Times today reports that the Serious Fraud Office has demanded boxes of documents and emails from Cenkos, the Nomad to Quindell (QPP) as part of its enquiry. Let me assist you Gents, for Cenkos actively worked to protect this fraud as the AIM regulation team knows full well. You see...I was inadvertently cc'd in on emails between Cenkos and the chocolate teapots.
3079 days ago
We know that the old board at Quindell (QPP) serially mislead and lied to investors as it committed wholesale fraud. Most of that board is now awaiting arrest by the Serious Fraud Office. But now to the NEW board, I have today written to the FCA and AIM Regulation asking whether it mislead investors on August 5 2015 in a material way with regard to its Himex subsidiary
3083 days ago
How much did the fraudsters at Quindell (QPP) pay - with ther folk's money - to their mates who owned the duff entity at Ingenie which was going to conquer the world? Remind me did Jug ears Gary Lineker make £5 million or was it only £3 million. How about Rob Terry’s pal Richard King? We always knew it was a load of hot air and now as the Serious Fraud Office prepares to swoop on Terry and others (not Jug ears, I stress) the new board at Quindell is quietly shutting down the fraudulent non-operations.
3088 days ago
We were told that the new Quindell (QPP) board were the honest guys coming in to clean up the mess and to help the Serious Fraud Office clear up the wrong dealings of the ancient regime. Yet evidence emerged yesterday that instead of doing that the new board including Lord Michael Howard is just trying to bury the evidence of theft from shareholders. I have written to Lord Howard and the SFO to alert them to this and ask why?
3101 days ago
The last tweet was September 23. But Quindell (QPP) fraudster Rob Terry and his Knob Park ponzi are again tweeting promising news next week. Might this be an update on his discussions with the Serious Fraud Office or from fraud to farce, news about AIM Casino POS Daniel Stewart (DAN)?
3107 days ago
Once upon a Quindell (QPP) time the fraudster Rob Terry seemed to be suffering from twitter diarrhoea. But for the past six weeks his new mouthpiece, the Quob Park Ponzi scheme has been almost silent. One might almost suspect that on legal advice the fraudster was being advised to say schtum as he awaits arrest by the Serious Fraud Office. He should not have to wait long. But, meanwhile, what about his discussions with Daniel Stewart (DAN)?
3138 days ago
This company encapsulates the Quindell (QPP) story of serial fraud in the most simple of companies, a dormant £1 company with one share. Yet the three filed accounts are all wrong. The company is then acquired for £1,354,000 just two months after filing accounts showing a net worth of £2,501. Quindell then incorrectly disclosed the acquisition in its 2013 accounts. The new Board then writes off all the acquisition as goodwill. Finally, despite being owned by Quindell since October 2014 QFS is issued with a striking off notice as it's late filing the 2014 accounts and two Annual Returns. And it gets worse…more fun for the SFO as I now explain.
3143 days ago
The fraud Quindell (QMC) has now formally admitted – what I proved well over a year ago and the FCA & AIM Regulation opted to ignore – that Mark Ford’s company TMC Southern was used to create totally bogus profits for Quindell in 2011. In fact its £3.5 million fraudulent contribution – funded by a panama pump of shares – accounted for nearly all the stated £4.1 million profit. It seems that Rob Terry and Mark Ford are working hard to “bury” this bad news. It will not wash with the Serious Fraud Office.
3186 days ago
The fraudster Rob Terry of Quindell (QPP) infamy is a busy guy as he prepares for the inevitable dawn raid by the Serious Fraud Office as a precursor to a trial and a custodial jail sentence. His latest posting on the website of his new vehicle Quob Park is quite simply delusional.
Terry discusses the merits of getting a public listing HERE and argues that it would be better if Quob Park did not list. Hmmm. We can think of another good reason or fifteen why a listing is not going to happen. How about the fact that Quob’s founder (Mr Terry) is the subject of a SFO Criminal Investigation? Or the fact that PWC has come out and said that the accounts he prepared at Quindell (and even its IPO document) were plain fantasy? Or that Mr Terry misled the poor lambs at KPMG in relation to prior audits? The list goes on. And on. And on.
It is just inconceivable that a Rob Terry entity could gain a public markets listing. Even the AIM casino would say no and no Nomad in town would touch Terry with a bargepole.
Then Terry goes onto to argue that Quob’s biggest investment – Daniel Stewart
3187 days ago
I shall admit that the old fraudster has chutzpah but he has today welcomed the SFO Criminal Investigation into Quindell (QPP). He should not as it will see him going to prison. Anyhow via his new fraud Quob Park Estates he had today said he sees Quindell shares worth 172p (in your dreams my son), accused me (0p target) of being short when I was not (that is defamation your criminal tosser since I was not short and gained no financial advantage from the shares slumping) and said he welcomes the SFO getting involved (that’s a lie). The statement from the crook reads:
3188 days ago
We have been telling you this for months but the Serious Fraud Office (SFO) has just announced that it is investigating Quindell (QPP). Oh dear Rob Terry perhaps not a day for dropping the soap jokes is it?.
3192 days ago
Oh dear, Oh dear, poor old Lord Michael Howard, the former Tory leader, does not seem to be having terribly good luck with his Non-Executive Directorship career. To stumble into one Serious Fraud Office investigation (Quindell) might seem unfortunate. To stumble into a second (Soma Oil & Gas), which was announced yesterday, seems like carelessness.
Of course poor Lord Howard had nothing to do with the fraud at Quindell under its ancien regime – we just hope that – now that he is such good pals with the SFO – he wants to come clean on ALL its frauds. And there is no suggestion that as Chairman of Soma Oil & Gas – a private company – he has done anything wrong.
But the chaps round at the SFO
3209 days ago
From the makers of the truly appalling The Only Way is Essex (TOWIE) we have a new reality show out this summer Life on Marbs. Set in the Costa del Crime it features a bunch of men and women whose aim is to shag anything that moves, and who all appear to be rather light in terms of the little grey cells. And its big star is John Stretton Knowles, who may well soon be chatting to the Serious Fraud Office about his role in the stockmarket’s biggest fraud for 20 years – Quindell PLC. Not that ITV seems to know about that.
3225 days ago
I have known for months and months and reported it here that the Serious Fraud Office had at least interviewed folk on Quindell (QPP). The weekend press suggests that the SFO is now formally on the matter, something that has massive implications for insider dealer and fraudster Rob Terry, Quindell and possibly for Slater & Gordon. This comes on a day when Quindell warns that its accounts will be delayed – oh dear, oh dear.
For Terry the SFO news is a disaster. The FCA has the power to fine him a multiple of the proceeds of his crimes but the involvement of the SFO means that a custodial sentence is a gimme. Do not think that the FCA and SFO are at an early stage on this matter they have been on the case for months. In the case of Terry what is interesting is who joins him in the dock. Hapless ex FD Larry Moorse is certain to be there but I’d bet a fiver that ex CEO Rob Fielding will be there too, not least for the £2 million bung he picked up as part of the £30 million deal to buy a worthless business from convicted Nigerian fraudster Andrew O’Dua. The NEW board at Quindell was made aware of the O’Dua/Fielding scam and did nothing. It strikes me that all sorts of folks in Hampshire should be stocking up on the KY Jelly as they prepare for life in B Wing.
Quindell itself
3338 days ago
I am obliged under the interim injunction to remove all emails republished here from Craig Earley and all documents attached to those emails by 4.30 PM today and shall do so. I appeal the matter in the High Court Wednesday. However I have just been handed a document which is not attached to any email from Earley and appears to be the killer blow on the Worthington fraud and also casts a whole new light on Rangers and the Craig Whyte affair. Since it arrived as a stand-alone it is NOT covered by the injunction. I shall be passing it onto the UKLA/FCA and Serious Fraud Office at once and imagine Rangers supporters may want the Scottish Police to see it as it implies that the current Rangers enquiry may need widening.
The key points are at the end of the document and demonstrate that
3351 days ago
The contents of this article have had to be withdrawn – on a temporary basis because of an interim injunction granted to Mr Aiden Earley. We are appealing this matter as we believe that the activities of this convicted crook and disqualified director, and shadow director at Worthington, merit a wider audience. If you can make a small contribution to our rapidly growing legal bill to ensure that Earley is exposed please do so. Details of why we need assistance and how to help are HERE
3369 days ago
I am sure that Laurence Moorse, the insider dealing finance director of Quindell (QPP) is now aware, as am I that the Serious Fraud Office (SFO) is now looking at matters Quenron and in that vein I have again written to the little crook urging him to save himself.
Dear Laurence.
3402 days ago
Why do share lock-ins matter? Let me explain and I do so with reference to Quindell (QPP) as this will be something that the Serious Fraud Office needs to examine either before or after Quenron goes into administration. I also have a few words for the motherfuckers at Schillings.
3439 days ago
Of course this is the UK and the SFO are bloody useless just like the FCA and AIM Regulation. If this was the US there would have been a dawn raid on Quindell with arrests at homes across Hampshire give the wholesale fraud at this POS AIM casino company. However…
3463 days ago
This should be explicit enough for all concerned. AIM Regulation IS investigating and I expect the FCA andSerious Fraud Office to be on the case too. I explain clearly how Quenron (QPP) and its bosses Laurence Moorse and Rob Terry have committed securities ( as well as accounting) fraud. If they disagree sue me and I shall see the bitchez in Court. But I rather think that Terry et al are going to end up in a rather different Court anyway. For a change, might Bulletin Board Morons rather than attacking me just try to show any factual errors in this damning expose.
3503 days ago
Both companies have engaged in aggressive accounting with regard to accruals. One has already been shown to have overstated profits, managers have been fired, the forensic accountants are in and the Serious Fraud Office is now said to be looking into the matter. The other is Quindell (QPP).
There are two big differences between the two. One is that Tesco (TSCO) has admitted that it has overstated profits. Quindell is yet to fess up. The other is the scale of the overstatement. In the case of Tesco £250 million reduces profits forecasts by c23%. Quindell will book almost 40% of its revenues this year on an accrual basis. This has the scope to wipe out its stated profits completely.
But there are similarities too and most striking to me is how both companies have dealt with difficult analysts and also hard questions from the press.
3907 days ago
I am more than a bit excited, the inner child in me is in control. The new season is upon us and I am off to Upton Park tomorrow. My old pal Neil Masuda (who as my babysitter made my sisters and I watch the FA Cup Final on the box when Sir Trevor scored with his head) will be coming along with his latest bird. Neil, as you may remember started his long and glorious career as a peddler of sleaze on Fleet Street by breaking the Howard Jones (like to get to know you well) three in a bed scandal when on his local paper.
Anyhow, myself, Neil and his bird will meet up at Real Man Pizza before heading to the Academy. Cardiff were promoted last season so anything could happen. With Andy Carroll injured it will be interesting to see who can actually get it in the net for the Irons. Anyway, another season is almost underway. Another 40 weeks of misery is upon me. Like an addict I cannot wait and as 3 PM looms and we start “I’m forever blowing bubbles.”
I am excited already. It is almost as much fun as asking the Serious Fraud Office to investigate Pinsent Masons and Sefton.
3910 days ago
I yesterday contacted the Serious Fraud Office and handed over documentary and other matters relating to Sefton Resources and Jim Ellerton. I have formally requested that the SFO launch an investigation into the activities of Mr Ellerton and Sefton in relation to Gary Dillabaugh and other matters in order to confirm that everything is above board. The SFO is now looking into what was sent.
Noting the board decisions made by Sefton in 2009 in relation to Ellerton and other matters I have also asked the SFO to investigate the actions of Sefton’s other directors and officers (including company secretary Pinsent Masons) in order to confirm that all of their activities are also above board.
Naturally one wishes to believe the best in all men & women and so I am sure that the SFO will find nothing other than a well run company governed in the best interests of its shareholders.
I shall keep you posted.
