The Financial Trolls: November 2015

Tuesday, 24 November 2015

The KPMG report on Winnifrith and Rivington Street Holdings

(We have consulted our own sources and are satisfied that this document is authentic)

Introduction and executive summary

Until October 2010, T1ps Investment Management Limited managed the Tips Small Companies EIS Fund (“the EIS Fund”). In March 2012 an investor in the EIS Fund complained to the UK Financial Ombudsman Service in respect of T1ps Investment Management Limited for failing to deliver a necessary EIS certificate that was essential to claim the eligible tax benefits in relation to his investment in the Fund. Subsequently, in October 2010 the business and clients of T1ps Investment Management Limited were novated to T1ps Investment Management (IOM) Limited. Satisfactory responses have not been forthcoming to resolve the complaint of the investor, nor the enquiries of the regulators; the Financial Supervision Commission in the Isle of Man and the Financial Services Authority in the United Kingdom.

How They InterConnect

Simon Cawkwell is a well known and apparently successful bear trader, who has allegedly made £millions by going short on selected PLCs. As such, his opinions count and can affect share values.Over a number of years,Tom Winnifrith and Zak Mir have earned themselves reputations as share tipsters and again their opinions have had an affect on the value of shares in companies upon which they have commented. Mathew Earl was also  alleged to be behind public comment that had damaged share prices. Since around 2010, Ennismore Fund Managementhas consistently set a low target price for particular shares. Gotham City is a more recent player on the scene which has attacked several US companies as well as

· Spanish wireless internet company, Gowex, causing its CEO to admit accounting irregularities and the company to collapse.

· Quindell PLC which has successfully sued Gotham City for defamation.

There is concern that Gotham City is actually a front for one or more of the individuals cited here and/or EFM. Gotham did not attend Court or defend the action brought by Quindell and it is not clear whether they were even properly identified to the Court.

· In 2003, following a series of regulatory breaches, Simon Cawkwell was struck off by the Institute of Chartered Accountants for England and Wales

· In 2000, Anne Cawkwell, (Simon’s wife) was appointed Company Secretary of T1ps.com Ltd on the same day that Winnifrith became a director

· Anne Cawkwell, was Company Secretary of Active IT Ltd simultaneous to Winnifrith being a director, i.e. from 26 May 2006 to 19 May 2010

· Zak Mir and Anne Cawkwell were each shareholders in Winnifrith’s Rivington Street Holdings

· Winnifrith was ousted from Rivington Street Holdings (T1ps.com) following compliance concerns

· There is a strong possibility that Winnifrith has purchased the property at 49 Rivington Street via an Isle of Man company.

· There are extensive links between Cawkwell, Winnifrith, Mir and Miers

· There is a complex network of current and historic domain registrations and ownerships which ultimately identifies Burnbrae Media Ltd, of 4th Floor, 101 Finsbury Pavement, London EC2A 1RS, as the ultimate owner / management point.