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 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.
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Comments
filthy lucre
What does this have to do with Quindell now? Rob Terry left the company a year or so ago.
Was this intended to be another of your devastating ‘nuclear hand grenades’?
alcira16247
Tom
There is little doubt that your open challenge to the Digital Disruptive King will remain unanswered.
Through your hard work and forensic accounting skills, you’ve nailed this guy….. beaten him black and blue….. and have saved millions of pounds, for those investors that were sensible enough to read the analysis from your articles and heed the warnings given and taken the appropriate action. No one can question that you have been proven right time and time again over Quindell and its Founder.
Its therefore all the more amazing, when one reads stuff like this…….
“ Everyone I have talked to, who knew and worked with Rob Terry and his FD, have called them many things but certainly not dishonest. Yes, he sailed close to the wind and possibly there are some dodgy deals amongst the large number of corporate transactions, but everyone told me that whilst he might be regarded as a spiv, he and his FD were basically straight and passionately believed in what he was saying and doing. Most of these people have lost a great deal of money on this share and so I believe their views on Terry’s honesty is both informed and accurate”
They say love is blind !!!!!!! The above proves it !!!!! Who on earth can write such unmitigated drivel ?????
The answer…….
https://qppsag.wordpress.com/2015/08/15/quindell-a-view-from-qppsag-summed-up-by-a-member/
Enuff said!!!
filthy lucre
ALCIRA, water under the bridge mate. What is the relevance of this to Quindell today please?