By Tom Winnifrith, The Sheriff of AIM | Sunday 29 May 2016
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.
With the Serious Fraud Office closing in on Quindell (QPP) fraudster Rob Terry and his gang, the round up of suspects is going to be made easier by the way more and more of them are pitching up at Rob's new ponzi, Knob Park. The latest gang member to join is Tim Scurry, a Canadian now embarking on his 4th venture with Terry.
The first was back in 1992. That was Terry's first directorship - Westminster Computer Systems - which went tits up owning suppliers a fortune. Tim's second venture with the fraudster Terry was SCS, a British Company that did not go tits up. It was sold for $11 million in cash to a Canadian company, Lava, whichj discovered at once that nearly all of SCS's supposed sales were fictional and within a year Lava - which had been doing well until it met Rob Terry and Tim Scurry - had been sold for just $1. Rob was the boss at this company with its fictitious sales and the sales director? Drum Roll. Tim Scurry.
Fraud 3 was Quenron. Tim sold his rum and coke business Iter8 to Quenron for cash and shares which he promptly cashed in. Natch it is hard to see any mention of Iter8 bringing great fortune to the group as it stands. In fact it seems to have rather disappeared. But who cares? Rob made good money for his mate.
And so now here we go again. Who has been appointed as a Non Exec at Knob Park? Drum Roll..... yes it is Tim Scurry. A reminder, NEDS are meant to be independent. If Slurry is independent I am a banana.
At the same timke Slurry has reinvested some of his winnings from Iter8 via his new vehicle Torkore. It has made a "substantial investment" in Knob Park. How cosy.
This is not the first time Scurry has reinvested his SCS and Iter8 winnings in a Terry linked scheme. With his wife, Mr Scurry owned the company that owned the luxury apartment that Rob Terry exclusively used at the Shangrila in Toronto with Quenron's shareholders picking up the entire all year round rental. What a cosy little world these fraudsters live in.
Ford Open will be rather less cosy.
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