Oh dear, the curse of wretched Quindell (QPP) fraudster Rob Terry strikes again. Slater & Gordon (SGH), the Aussie poltroons driven to the point of bankruptcy because it bought worthless assets from Quenron says it is to launch a claim for £600 million ( the amount it paid) against Quindell - now renamed Watchstone Group (WTG). Slater claims that when it bought the assets it was a victim of "fraudulent misrepresentation." Oh Dear.
When Aussie Poltroons Slater & Gordon spunked £649 million to buy the worthless fraudulent assets of Quindell (QPP) circa two years ago its shares were A$8. They have crashed another 30% today to just 7 cents putting S&G in the 99% club. The signs are growing that the end is not just 90 days away (when it must conclude a debt for equity deal with its banks) but perhaps rather sooner.
Trading in the shares of Aussie poltroons, the law firm Slater & Gordon (SGH) has been suspended on the ASX ahead of interim results on Monday with the imbeciles flagging that there will be a material write-down of its British assets, notably the fraudulent businesses bought from Quindell (QPP). Oh dear...this is not going to end well for S&G is it?
Twelve times, by email and by twitter I asked former Tory leader Lord Michael Howard of Quindell (QPP) why the new board was trying to bury evidence of the fraud committed by the old board by not filing accounts for Quindell Financial Services – the vehicle ex CEO Rob Fielding used to half inch almost £2 million in a sham deal with convicted Nigerian fraudster Andrew O’Dua. Lord Howard has now responded to THIS article and my question. Sadly his answer is er...not factually accurate.
Last year the clowns at Aussie keystone-lawyers Slater & Gordon (SGH) filed an annual report on 19 September. That was within the three months of the June 30 year end dictated by the ASX. This year, is there a Quindell (QPP) induced problemo? No Annual Report has bee published yet.
Industry sources say that Rob Fielding, the former CEO of Quindell and until yesterday running the businesses bought by Slater & Gordon from Quenron is to step down with immediate effect.
Now that Lord Michael Howard and I are such good mates I wonder if the ex-Tory leader would like to comment on the status of Quindell Financial Services as I have a horrible feeling that this may be another fraud involving ex CEO Rob Fielding.
I am sure that Laurence Moorse, the insider dealing finance director of Quindell (QPP) is now aware, as am I that the Serious Fraud Office (SFO) is now looking at matters Quenron and in that vein I have again written to the little crook urging him to save himself.
On Christmas Day I revealed how Quindell (QPP) CEO Rob Fielding had made £2 million for selling a worthless company established by him in December 2013 to Quindell a month later. This should have been declared as a related party deal – since Fielding is a PDMR – but it was not but was instead rolled into a £30 million deal involving convicted Nigerian fraudster Andrew O’Dua. I now have a new document which makes this look even worse – why has Fielding not been fired and the Old Bill called in?
In this podcast I pose some regulatory questions for Quindell and the Ministry of Justice regarding the resigning compliance officer Mrs Helen Cutler, I explain how Quindell made money buying a POS business from a convicted Nigerian fraudster ( and other rubbish deals) and I expose what has gone on with Mobile Doctors and Speedy. This is all very shocking.
Bizarre or what? On 23rd December 2014 I put in a call to Mrs Helen Cutler of ACH Management Services Ltd, the Quenron subsidiary formerly known as RTA Management Services. This was the company that Quenron CEO Rob Fielding set up in December 2013 (costing him £68.40 inc VAT) and then sold to Quindell on 14 January 2014 for £2 million as part of the deal with a convicted Nigerian fraudster as revealed HERE on Christmas day.
On 14th January 2014 Quindell announced the purchase of ACH and associated companies for £5 million in cash and 117,812,500 (pre consolidation) shares at 22.5p. We have pointed out before that ACH was 100% owned and run by a convicted Nigerian Fraudster Andrew O’Dua, something Quindell did not mention at the time. But now the spotlight falls on the associated companies and how Quindell CEO Rob Fielding made a quick £2 million.
Today Quindell (QPP) has admitted that it can only continue to trade because its banks have not (yet) pulled its overdraft. It had flagged up that mammoth writedowns of revenue unwisely recognised which was bogus and of goodwill is on the way. It has not explained why it bought a company from a convicted Nigerian fraudster for £30 million. And some folks think this is good news. For example…
On Friday I speculated that Quindell might have spent £30 million buying a business (ACH) off a gentleman who might have been a convicted Nigerian Fraudster HERE. I think we can now say that the Gentleman in question WAS ALMOST CERTAINLY the convicted fraudster. Give that ACH (now known as Quindell ACH) is regulated by the Ministry of Justice do you perhaps think Quenron might wish to clarify the matter?