Buy 2 Let Cars Limited – the long slow hand of the law.

The UK has a massive problem with fraud. In its report Fraud Track 2024, BDO indicated that reported fraud was £2.3 billion up a 104% on prior year. In many cases the fraudsters operating via the internet and using Crypto currencies are not going to be identified or found by the flat-footed plod which prioritise dealing with “hurtful” tweets on Twitter over financial crimes.

Here we go again: is is market abuse or insider dealing at Roquefort? Will the FCA do anything?

Last time it was the fake bid for Superdry (SDRY) with an ADVFN (AFN) poster claiming he was an employee and had specific information. That was not true so it was not insider dealing but market abuse. Natch the FCA seems to have done nothing. So now here we go again.

Tingo trades again, it is time to close the short not try to open one!

As happens in the US when a company is slung off Nasdaq it heads to the OTC markets, the pink sheets. The real surprise of this is to allow shorts to close out and that brings us to Tingo (TIO) which now has the ticker TIOG and the shares are now trading at between 1.5 and 2.0 US cents having been suspended on Nasdaq at closer to a dollar. Of course, Tingo is a worthless fraud.

Tingo: now Dozy blames the others in Nigerian video interview

The blame game is afoot at the Tingo (TIO) fraud, first exposed by myself at Sharestock in September 2022. I discussed on Sunday how the Mail on Sunday hatchet job on Dozy Mmobousi had all the hallmarks of Chris Cleverly throwing him under the bus, blaming him for everything. I now see that Chris also managed to get the Sunday Times to run a piece exonerating him. How bent is the deadwood press that it does not check his historic record of fraud and just takes him at his word? Meanwhile Dozy has recorded the interview below in Nigeria and he has a different view.

Crime does not pay? Really. Just 11 months inside for insider dealing and fraud for Mohammed Zina of Goldman Sachs

The insider dealer here, Mohammed Zina, was young but abused his position at Goldman Sachs to engage in multiple cases of insider dealing with money he obtained fraudulently with home loans from Tesco. Zina was a rank amateur crook as you can see below. However..

Home Secretary James Cleverly hits out against his first cousin Chris of Tingo, African Potash and Technology Minerals infamy

Okay the Home Secretary does not name his cousin, one of the UK's highest profile fraudsters thanks to the Tingo (TIO) scandal but in the tweet below talking about his new campaign "Stop! Think Fraud" he accepts the damage that fraud does. Cleverly's cousin has caused investors to lose hundreds of millions of dollars and enabled crooks to cash in big time. But what Cleverly(James) just cannot seem to understand is what is needed to tackle fraud. No politician gets it.

The FCA and Disgraced Link fight off Harcus Parker legal challenge on Neil Woodford Settlement: judgement in full

I do not think that the settlement the FCA and ACD Link agreed to compensate victims of Neil Woodford is a fair and good one. I believe as the ACD which was clearly massively negligent, Link should have paid more and that somehow Woodford himself should be paying as should the FCA itself for ignoring hundreds of warnings from myself and Cynical Bear dating back to 2015. But that is neither here nor there. 

So farewell then MichaelWalters.com

A kind reader points out that disgraced share tipster Old Mother Walters, Mike to his good pal jailbird Asil Nadir, has shut down his share tipping website. Oh dear, Oh Dear, as Mike, once of the Daily Mail, would have said when yet another of his disastrous share tips crashed, burned and 'fessed up that it was a fraud or was nailed by a regulator.

Just how useless is the FCA – a reader corresponds on the £37.4m JustGiving scandal

My exposes earlier this week on the size of the scandal at JustGiving HERE and its deceitful wording HERE have prompted a reader to engage with the FCA which regulates this scandalous scam of an operation. The correspondence below show just how useless the FCA is as a regulator. First the FCA’s response to an initial query and then our reader’s reply.

The Tingo fraud, it now admits that Deloitte quits – but it’s a bit late is it not?

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.