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Covering up fraud is complex and the paperwork can catch up on you – Quindell & Rob Fielding

By Tom Winnifrith, The Sheriff of AIM | Sunday 5 July 2015


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.


In order to create the momentous fraud that was Quindell (QPP), Rob Terry established 191 subsidiaries. Most traded with each other. Some were issued with Quindell shares which they then dumped to allow them to “buy” bogus services from other Quindell companies. Monies were borrowed and lent so that by late 2014 even Quindell could not keep track of what was going on.


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