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By Tom Winnifrith | Monday 30 March 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.
At one level a triumph. Quindell threatened me with libel action becuase I accused it over overstating its profits ahead of and after its rescue bailout in November 2013. I accused it of fraud. It has today said those profits will be restated. It thus raised money on a fraudulent prospectus and folks should go to jail. Those who bought at 660p+ on the basis of those bogus, fraudulent profits and other lies should be demanding that Rob Terry be prosecuted becuase they will never get that money back.
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