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.
In
November 2015, this blog published a report by auditors KPMG which suggests
that Rivington Street Holdings plc - where Mellon had been chairman - was the
subject of a fraud in 2012. It is alleged that CEO and Founder Tom Winnifrith
stole client money. Shortly after receipt of the KPMG report, Mellon is
believed to have fired Winnifrith, but no report to police or regulators has
emerged and RSH was quietly shut down. RSH and its funds were worth £48m at their
peak and its T1ps Smaller Companies Fund raised an additional £10m. Investors
were wiped out. Mellon used Twitter to deny that he knew anything about either
a fraud or a cover up, but did NOT accept the invitation by Tom Winnifrith on
twitter to “tell them its all lies”.
Mellon's
tweeted replies on the subject steadfastly refuse to clear Winnifrith who,
he says, must answer the questions himself. Mellon also suggests that @Decmax1
asks the same questions of the administrators of Rivington Street Holdings PLC.
@jimmhk@thesundaytimes#tomwinnifrith asked YOU to tell us the KPMG fraud
accusations "are all lies".
You wont say that cos its true 
FACT
FACT
9:56 PM - 6 Mar 2016
***
@jimmhk@thesundaytimes You were Chairman of RSH PLC. KPMG indicated fraud by #tomwinnifrith . What
did you do to protect shareholders?
8:32 PM - 6 Mar 2016
***
6:03 PM - 6 Mar 2016
***
decmaxRetweetedjimmellon
@jimmhk says #tomwinnifrith must answer questions about fraud alleged by
KPMG. End is nigh for @shareprophets troll
3:48 PM - 6 Mar 2016
***
@jimmhk Thanks, KPMG did not accuse you as Chairman,
but it is telling that you dont want to exonerate @TomWinnifrith - seems he stole cash
3:45 PM - 6 Mar 2016
***
11:58 AM - 6 Mar 2016
***
11:57 AM - 6 Mar 2016
***
11:57 AM - 6 Mar 2016
***
@Decmax1@thesundaytimes no cover up by me. Is this in the Sunday times.
Tom should answer any questions from you.
11:56 AM - 6 Mar 2016
***
10:46 AM - 6 Mar 2016
***
@jimmhk@thesundaytimes#tomwinnifrith asked YOU to tell us the KPMG fraud
accusations "are all lies".
You wont say that cos its true FACT
FACT
9:56 PM - 6 Mar 2016
***
@TomWinnifrith founded RSH plc. KPMG found fraud evidence. @jimmhk fired TW and shut it down. Prison beckons
7:49 AM - 6 Mar 2016
***
7:47 AM - 6 Mar 2016
***
@TomWinnifrith asked #jimmellon to tell us there was no fraud at the firm TW
founded, RSH. @jimmhk is silent. Is he guilty Jim? Are you?
7:27 AM - 6 Mar 2016
***
8:30 PM - 5 Mar 2016
***
@TomWinnifrith Stop your vile trolling and ANSWER THE
QUESTION: Did KPMG expose your theft of client money? http://www.
Background Reading
1. Mellon sits on the
Board of US$1.8m fund Charlemagne Capital and is a Non Exec on the Boards of a
number of AIM companies including Plethora Solutions and Manx Financial
He ludicrously refers to himself constantly as Britain’s
Buffett, although there is no evidence in the public domain of the scale of his
claimed wealth
3. The KPMG Fraud
report can be seen at www.financialtrolls.blogspot.co.uk (and
it can be independently verified as true and original)
Mellon denied fraud on Sunday March 7th, whilst refusing to deny that Ton Winnifrith committed
fraud. He also denied that he covered up the fraud. https://twitter.com/Decmax1/status/706607073019224064
4. Mellon
has his PR people tell them media he is “Britain’s Buffett” and claims to be
worth £850m.
5. Rivington Street
Holdings and the funds it managed was a disaster for all concerned:
The funds were taken over by other managers but never recovered:
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