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The Globo Fraud Scandal - a look at the winners

By Nigel Somerville, the Deputy Sheriff of AIM | Sunday 8 November 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.


EDIT: table reformatted so you can see it all now. Prepare for instant nausea. I've been taking a look at some of the winners from the Globo scandal - those who made money while the shareholders were scammed. Of course, Globo was a fine example of the best corporate governance to be found on AIM. That is what all those exec and non-exec directors (including two chairmen) as well as two principal audit firms were being paid for. Let us take a look at who made what since Globo joined the Casino at the back end of 2007.


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