By Tom Winnifrith, The Sheriff of AIM | Sunday 12 February 2017
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.
Oh dear the curse of ShareProphets today falls on Pirate Pete Landau, formerly boss of AIM dog Range Resources (RRL) and several other stockmarket hounds and a man who sent me a string of lawyer's letters because he did not like my investigative journalism. I now have an official document where the Pirate stands accused of theft, fraud and forgery, of half inching more than $2 million and much else. The victim is Citation Resources, an ASX company linked to Range and now in administration.
No doubt, having bashed me for my exposes of African Potash, convicted felon Aidan Earley will now ride to the defence of Pirate Pete too. Your enemy's enemy is your friend. Birds of a feather flock together. Etc, etc, etc.
Landau seems to admit that he created a bank account to siphon off funds for his personal use as he has agreed to repay the dosh. But that will not get him off the hook. The charges made against him (fraud theft and forgery). The administrators Richard Tucker and Scott Langdon are currently preparing a 438D report to be sent to the Australian FCA, ASIC, on the activities of Landau and others and they state that ASIC is already investigating Pirate Pete for breaches of the criminal code ( page two).
The specific charges made against Pirate Pete can be found on pages 17 and 20 of the document you can read HERE. Enjoy.
And to Pirate Pete and other con artists who are foolish enough to threaten myself or this publication with fascist lawyer's letters may the curse of ShareProphets be upon you for now and ever more. Congratulations Pirate Pete Landau...you have met the Sheriff of AIM.
Never miss a story.
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 are turned off for this article.
Search ShareProphets |
Stock market news |
Recent Comments |