202 days ago
The Department of Justice is still trying to get its hands on Dozy Mmobousi who faces a 45 year jail term when found guilty of fraud. Others were part of that fraud says the DoJ and may still have their collars felt. Shares in Chris Cleverly’s Tingo (US:TIO) shares are suspended and now it has filed with the SEC that its auditors Deloitte resigned on 16 January. But why only now? I wrote twice to head of regulation Jen Knickerbocker HERE and global chair Anna Marks HERE more than six months ago.
227 days ago
The SEC has already filed a civil suit against the Tingo (USLTIO) fraudster Dozy Mmobousi but now the Department of Justice has filed a criminal suit citing three charges which could result in 45 years jail time for Dozy, who now appears to be on the run. The suit is below but look at the wording, are you sweating Chris Cleverly? You should be…
243 days ago
As the SEC considers who else to charge over the Tingo (TIO) fraud there is now nobody on earth who cannot now accept that it was a fraud and that, as the first to call it out as such in September 2022, I am vindicated. I cannot remember a time exposing a fraud when its supporters responded with such venom.
243 days ago
I think we can now safely say that Tingo (US:TIO) shares are zeros. I was the first to flag up this as a fraud in September 2022 and for my troubles have received industrial scale trolling on twitter in a campaign orchestrated by Chris Cleverly. Well fuck you Chris you criminal dirtbag may your soul burn in hell: the SEC has today charged your man Dozy Mmobousi who was going to buy Sheffield United, with fraud. Dozy is accused of making millions via share sales and general corporate theft. Maybe Cleverly’s cousin James got him off the hook as Chris knew all about this. But so far only Dozy and Tingo Group plus two affiliate companies have been charged. The rap sheet from the SEC is below. An extra Metaxa for me tonight. Enjoy.
275 days ago
After the SEC suspended trading in the shares of the fraud Tingo (US:TIO) last week for at least a fortnight, Tingo filed a notice saying that it would not be filing its made up Q3 numbers with the SEC. It has now filed the numbers but they come with a big caveat:
281 days ago
The first cousin of the Home secretary, the serial fraudster Chris, has a history of UK stockmarket fraud, exposed by this website, but his company Tingo (US:TIO) is a Nasdaq listed con which was once a multi billion dollar scam. Today the regulators at the SEC have moved into suspend trading in the shares and the associated document, below, is damning. It will be ouzo tonight for me as I first flagged up this scam in September 2022, for the Cleverly family its not such a good day.
429 days ago
Chris Cleverley’s brazen fraud Tingo (US:TIO) first said that Q2 numbers and the independent counsel report on the damning Hindenburg report would be out on August 10th. That became August 21 pre-market. Then half an hour before the market opened yesterday that became 5PM US Time after hours. At 4.30 PM….
436 days ago
Naturally, the fraudster Chris Cleverly and his co-conspirators at Tingo (TIO)) have not issued a press release about this. But the SEC filing below says it all, the game is almost up.
484 days ago
So Hindenburg has shown Chris Cleverly’s Tingo (US:TIO) is a fraud as I first explained at Sharestock last September. Nigerian debt rating agencies say its a fraud. Now here is a New York Judge saying its a Norfolk. At what point do the SEC, Deloitte or White & Case blow this up. A more obvious zero you will not find.
486 days ago
Nate Anderson of Hindenburg Research is not letting go. His latest tweet shows another utterly blatant bit of fraud by Tingo (US:TIO) generating another completely bogus $110 million of sales no doubt on a high margin! This who company is fake, its sales, its operations, its profits its reported cash. Stevie Wonder can see that, So what the hell is the SEC doing not closing it down and arresting Cleverly, Darren Mercer and Dozy Mmobousi? Moreover..
667 days ago
I dropped my two year old off at school for the first time today. I am sure every parent knows that moment well. I move from that onto Nanosynth (NNN), a scandal for all concerned where my warnings have been 100% vindicated today. So its ouzo there but also at Canadian Overseas Petroleum (COPL). I look in detail at Eden Research (EDEN) and cover Anglesey Mining (AYM) and Trevor Brown’s POS Braveheart (BRH)
683 days ago
Although the FTX crypto heist gang gave quite enormous sums to the Democrat Party it is to be hoped that these twenty something fraudsters spend the rest of their working lives in the slammer. The rap sheet below from the SEC is for Caroline Ellison the part time girlfriend of the chief crook Sam Bankman-Fried. GUILTY! Say we all. Enjoy.
689 days ago
We all know the sort of wretched individuals who pump and manipulate small cap UK stock prices on twitter by telling knowing falsehoods but the FCA, despite being provided with evidence does SFA. In the US it is different. A release from the SEC shows how to do what the FCA refuses to do because it is too busy monitoring how many lesbians or BAME folk sit on the Climate Change committees at UK PLC.
932 days ago
I have not written on Octagonal (OCT) for some time, as, on 21 January 2021, it delisted from AIM, following the self-imposed suspension of shares on 24 December 2020. In an RNS of the same day, Octagonal’s statement explained that the suspension was requested due to a complaint from the SEC:
968 days ago
I start with an apology for yesterday’s downtime, explaining what happened. Then I look at the musicMagpie (MMAG) saga, and why what I have discovered is so utterly damning. I also discuss today’s expose on paid social media influencers HERE. Regarding that, HERE is where the SEC did what the FCA should be doing, but I fear will not unless we enter a prolonged bear market where many lose cash.
1056 days ago
I discuss the arrests made on 29 December in the USA and why the FCA should look at some of the activities of folks in the UK small cap world. Case studies include Eurasia Mining (EUA) and Chill Brands (CHLL). I then move on to Supply@ME Capital (SYME) and its news today, Wildcat Petroleum (WCAT) and also Verditek (VDTK), which I reckon is a zero for 2022 but since it can’t be shorted is not one of my tips of the year. To JP, sorry I have no idea why Peel Hunt quit as broker to Bushveld (BMN) but I suspect it gave three months notice. Leaving SP Angel as sole broker can’t be seen as good news. It is like firing our beloved West Ham as joint broker to retain the sole services of Chesterfield Town.
1109 days ago
The FCA has forgotten that its job is to protect consumers and fight crime rather than issuing woke papers on ESG issues which win rave reviews at the Guardian. SEC chairman Gary Gensler has not forgotten. In a big speech on Thursday he tells it as it is. Gary said:
1332 days ago
When your cousin James is a Foreign Office minister and tipped as a future Prime Minister and you mix freely among the Westminster great and good you might think that you are above the law. That certainly seems to be the case for Chris Cleverly who has spent the past five years lying to investors and raising cash on the back of it. Now he has a new con which he is trying to float on the Standard List of the London Stock Exchange via a backdoor reverse takeover into an insolvent company, and he has now roped in a US listed company which is already lying to its investors. The FCA and SEC must act at once. Cleverly’s crime spree started at AIM listed African Potash (AFPO).
1369 days ago
I start the Mrs and George Orwell then with the podcast that went live today with me as the guest, not of Cheryl Cole or Princess Anne as was suggested, but of James Delingpole and it is – I think – very entertaining. Then to the final vindication of 2 big exposes from October 2019 HERE and HERE. these both show the failings of the FCA and I compare and contrast whistleblowing to the floor shitters with whistleblowing to the SEC which I did today re the fraud Zoetic International (ZOE)
1410 days ago
Not only have Octagonal (OCT) and its boss John Gunn both been charged by the SEC with breaking Securities laws but both are now shown to have lied to investors in a madssive way via RNS. Today they admit to that crime and then lie again. How on earth AIM regulation think Gunn is fit to run not one but two AIM listed companies, Octagonal and Inspirit (INSP) defies belief.
1424 days ago
I start with the issue of how we all delude ourselves about how bad bad news can be. My case study is Octagonal (OCT) and the scale of any likely punishment by the SEC. Then should we all jump on board Malcolm Stacey’s green shite bandwagon and abandon any “dirty” old world plays? You see it is not as simple as the old guy claims. Do you remember when he was telling us all to buy Radio stocks back in 1927?
1424 days ago
Facing SEC charges which will destroy its core business and should wipe out its balance sheet John Gunn’s Octagonal (OCT) is toast. But were there warning signs. Is the Pope a frigging Catholic? This site warned you time and time again about this company and also Gunn’s other AIM hound Inspirit (INSP) which is surely also a zero now.
1425 days ago
On Christmas Eve Octagonal PLC (OCT) and John Gunn issued an RNS which is, with the document below, indicates to be a monstrous lie. The Nomad who signed it off, Mr Roland “fatty” Cornish is – as I showed HERE and HERE – massively implicated in this mess and should be struck off by AIM Regulation asap. But back to the Christmas Eve RNS. It looks to be a massive lie, surely now shares in Gunn’s other AIM listed dog, Inspirit (INSP) must be suspended too.
1428 days ago
At 8 AM on Christmas Eve shares in Octagonal (OCT) were suspended on the AIM Casino. At 1.04 PM, with the market closed, and everybody switching off their screens came the bombshell. Assisted by the FCA the SEC has charged Octagonal’s main subsidiary, Global Investment Strategy UK Ltd. (GIS), for clearing and settling billions of dollars of U.S. securities transactions without registering as a broker-dealer in violation of the federal securities laws. The SEC also charged John William Gunn, its founder and principal, with aiding and abetting those violations. Kerboom. You cannot say that I have not warned you for years that Gunn – who also runs uber dog Inspirit (INSP) – was a prize rotter.
1576 days ago
Thanks to the good works of Gabriel Grego, Akazoo (InternetQ as was) has now been thrown off Nasdaq and the SEC are crawling all over it, its main backer and author of its corporate deals, Martin Hughes’ Tosca Fund and various advisors. One firm that has narrowly avoided a massive bullet, as I can reveal today, is auditor BDO Global.
1664 days ago
Back in 2015 I demonstrated, without any doubt, that AIM listed InternetQ (INTQ) was a fraud. I doorstepped it in Athens. I crawled all over its bigus websites in Greece. The Greek management and fund manager Martin Hughes of Tosca – a shareholder PA as well as via his fund – responded by taking it private. They then rebranded it as Akazoo and listed it on Nasdaq, Earlier this week Gabriel Grego again exposed it as a fraud. On Friday, the shares were suspended, the CEO fired and investors warned that ALL historic financials may be fiction. The SEC filing below is damning.
1948 days ago
You may remember how Atlantic Carbon claimed it was worth a fortune based on “analysts reports” produced by SEC indicted crooks and then planned a London listing after Reversing into Peter Shea’s Daniel Stewart. Mr Shea and former Atlantic Carbon boss Adam Wilson should not have threatened the Sheriff with a fascist lawyer’s letter over at Daniel Stewart. That guaranteed my wall to wall coverage and exposes and now the curse has struck… Atlantic Carbon, as you can see below is worth not $86.8 million but NOTHING. It has gone bust. Crack out the ouzo.
2108 days ago
Over the weekend I flagged up all the red flags surrounding the curious RTO of Adam Wilson's Atlantic Carbon by Peter Shea's worthless Daniel Stewart Securities and the enlarged group's planned Standard Listing. Notably I explained the horror's in Atlantic Coal's accounts and the daft $86.8 million valuation put on Atlantic by See Through Equity in the note below which is on Atlantic's website. Uh Oh...
2246 days ago
The Securities and Exchange Commission, the SEC, has announced that it is to sue Elon Musk and Tesla (TSLA) for fraud and wishes to bar the pothead liar Musk from running a public company The news saw the shares tank by $37 to $270 in after hours trading but this is just the beginning of the end for the porky pie merchant and his out of cash and drowning in debt company.
2450 days ago
I realise that the crony capitalists round at Nomad Northland have a few things on their mind, such as who will pay the wages this month, but how on earth can they have signed off on the worst death spiral deal I have ever seen where the counter-party is a man who the SEC nailed for "defrauding investors." I despair.
2471 days ago
Naturally your dream St Valentine's date is a foul mouth Essex girl from the West Ham Ladies team isn't it? A brief reflection on how they got on against Mark Slater's girls at the weekend. Then it is onto Amur (AMC) and why I just don't like it. I comment on Nighthawk (HAWK), Galliford Try (GFRD), Servision (SEV) and then someone else who won;t be getting 12 red roses from me today. Just more grief.
2534 days ago
That Larry Cummins of Black Cactus is a proven liar is now widely accepted. What is stunning is that AIM listed Milestone (MSG) whose entire market value is based on the belief that a deal with Black Cactus is worth something has failed to comment. Maybe the Securities & Exchange Commission in the US will force its hand.
2536 days ago
Larry Cummins of Black Cactus and Milestone (MSG) infamy has in SEC filings and - until yesterday - on LinkedIn and on the Black Cactus website claimed to have a BA from Oxford. We have now double sourced this with the University and can now say it straight: Larry you are a fucking liar.
2796 days ago
It seems as if my father has drunk all the ouzo. Who can blame him? But how will I celebrate if the fraud Cloudtag (CTAG) is booted off AIM today? Join in the fun with our Cloudtag termination clock HERE. Elsewhere I look at Bowleven (BLVN), gosh I loathe its management team, Advanced Oncotherapy (AVO), also run by tossers, and Strategic Equity Capital (SEC).
2920 days ago
In this article I look at Cloudtag (CTAG) in comparison to Fitbit, a current world leader in connected health and fitness devices. Before we start looking at some hard metrics, let’s look at the first risk warning in Fitbit 2015 Annual results filed with the SEC on page 11 (reproduced below):
3198 days ago
During every period of market nerves there are calls by the crooks and the fools to ban short selling. But does this go far enough. Back in 2009 after the last global financial crisis (which Gordon Brown managed to solve) Benjamin Dover took this matter to its logical conclusion and explained to the SEC why the answer was to ban share selling altogether. What a genius...Ben writes:
3714 days ago
It was 5 AM in the morning one day last week before I finally got to have a good long chat with Sam Antar, the FD behind one of the biggest Wall Street frauds of the 1980s, Crazy Eddies. Poacher turned gamekeeper, Sam now busts white collar crime and is an SEC whistleblower. He also blogs and tweets in a most amusing way. Have a look at www.whitecollarfraud.com @samantar – naturally enough we discussed – at great length – Quenron (QPP).
3714 days ago
Sam Antar was at the heart of the biggest fraud on Wall Street of the 1980s – he was FD of Crazy Eddies. But he plea bargained, escaped jail and has endeavoured to set amends ever since by expositing corporate fraud, accounting wrongdoing and by assisting the SEC in fraud busting. He is THE big daddy of fraud exposure, if he goes after someone it makes my efforts or those of Gotham City seem like those of kids in the park. And yesterday he tweeted to a certain well known AIM listed British company.
4329 days ago
I have written a number of times about how UK websites you are meant to trust like MoneyAM and UK-Analyst (and now Digital Look has also trundled along the walk of shame) have been accepting money to send their loyal readers a promotion for US OTC stock Harmonic Energy (OTC:ASUV) stating “This is the one stock you must buy now” and suggesting that gains of 3,200% are possible. In very small print on these promotions it is admitted that they are paid for by a shareholder who wants to sell shares. In other words this is a pump and dump operation. And in the latest SEC Filing of 14th December we discover that Harmonic has almost no cash, no revenues and is burning cash – it should be clean out of money within a couple of weeks. The auditors flag this as a going concern issue. Er…just a bit. At 95 cents today the company is valued at $59.9 million.
US Investors are happily dumping shares and guess which suckers are buying? Er… Yes Limeys it is you thanks to those mailings from websites you thought you trusted. Heck that is the special relationship in action, the yanks get to offload their shit on the Brits and we send them Piers Morgan in return. Unless you were one of the folks suckered this is almost funny.
That supposedly respectable UK websites take cash to pump out this crap is a total disgrace but the story of this mega stock promotion for a total nothing company gets funnier still as I am sent the latest release from Harmonic with blockbusting news
4350 days ago
A shareholder in Harmonic Energy (ASUV.PK) has spent considerable sums in recent weeks to send out a missive to tens of thousands of UK investors headlined “the one stock you must own before the New Year” with bold claims about how the shares could gain 3200%. In very small print, it is noted that the shareholder is himself looking to sell the shares. Since the company is, according to the latest SEC Filing of December 14, technically insolvent, yet at $1.05, is capitalized at $66 million, this promotion is misleading in the extreme. But it has worked, in that the shares have been heavily traded and have gained 20 cents in the past two weeks. If you hold the stock, this is your chance to sell. Grab it.
