Monday 21 March 2016

Do investors in new Mellon venture SalvaRX know of RSH row?

A fascinating story in the Financial Times tells how Jim Mellon is bringing a cancer drug biotech company to the Alternative Investment Market this week Jim Mellon-backed biotech to join AIM. As it is operating in a market potentially worth billions of dollars, SalvaRX may well attract enthusiastic interest from investors.
However, the article does not mention anything about Rivington Street Holdings, Tom Winnifrith or the investigation into allegations of fraud. Nor, therefore, does it question whether Mellon knew about the allegations or indeed about the investigation by KPMG, which the RSH board - of which he was chairman - had commissioned at great expense (Mellon has tested credulity by indicating on Twitter that he knew nothing about it). Nor does it ask if Mellon responded to KPMG's findings by dismissing Winnifrith.
Are these not questions which potential investors in other Mellon ventures would want asking - not to mention answering?

Wednesday 9 March 2016

Now Mellon says he didn't read the fraud report he commissioned from KPMG

Another astonishing development in the Twitter campaign by mystery tweeter @Decmax1 and Jim Mellon, the self-styled Warren Buffett of the UK.
With his (her?) teeth firmly attached to Mellon’s trouser-leg, @Decmax1 asked again if there had been a fraud and cover-up at Rivington Street Holdings, where he was chairman. In response, Mellon has tweeted: “I know nothing about what you are talking. Perhaps you should ask KPMG” (see tweets, below).

Monday 7 March 2016

Leave.EU Ambassador and Founder Donor embroiled in fraud accusations


Jim Mellon, who claims to be “Britain’s Warren Buffett” and a multi-millionaire entrepreneur has been forced by a social media campaign to deny accusations of fraud. Mellon, a founder donor and Ambassador of the Leave.EU Brexiters, made the denials on Twitter after four days of goading by the mysterious campaigning tweeter @Decmax1, insisting that he was never accused of fraud. However, he responded to Winnifrith’s Twitter plea for help - Winnifrith had begged Mellon on Twitter to help him, saying "Jim tell them its all lies” - by dodging questions as to whether Winnifrith had committed and was fired for fraud.

Wednesday 2 March 2016

"I'm not a fraud" tweets Winnifrith - then deletes the tweet

Entertainment aplenty fron anonymous blogger @Decmax1, who after reading the contents of this blog demanded of Winnifrith on Twitter:

Why will Vile Troll not answer the question: DID YOU COMMIT FRAUD?

Initially Winnifrith responded: "No he did not. Go on Jim [Jim Mellon, presumably] tell these morons it is all lies."