Globo Share Discussion Threads

[joeyjojo1826] 16/2/2024 14:14

Who says crime doesn't pay? Lost a fair chunk on Globo and very disappointing to see these scumbags getting away with their crimes. An important lesson for investors to protect themselves rather than relying on the authorities. I hope Costis doesn't suffer any misfortune in the future.

[mount teide] 12/2/2024 16:12

The ex wind surfer turned tech sector CEO got away with industrial scale fraud - staggering, when considering the £100m+ he and the auditors claimed the company had on deposit in a number of blue chip banks, collectively turned out to be nothing more than loose change, barely able to cover the cost of one of the FCA's pheasant and port lunches!

[taylor20] 12/2/2024 09:21

LOL, yes a gong is now a badge of shame rather than 'honour'.

FCA - "Fundamentally Complicit Authority" as they are usually referred to in Private Eye.

[owenski] 10/2/2024 08:54

I don't know what this country is coming to, surely such criminal behaviour is normally rewarded with a knighthood.

[smartmoney100] 10/2/2024 00:55

In fairness to the FCA it looks like a failure of the Greek legal system. ✉

[smartmoney100] 09/2/2024 16:38

Shocking the sods got away with it. Sadly I'm not surprised.

[effortless cool] 09/2/2024 16:27

Unbelievable! It seems that there are hardly ever any consequences for white collar fraud.

[smartmoney100] 09/2/2024 16:21

I received this e-mail earlier

[smartmoney100] 30/10/2023 10:33

🤷‍a94;️

[welsheagle] 23/11/2021 16:32

Are the shareholders likely to get anything or is this a daft question.

[pugugly] 23/11/2021 07:56

They are well known as jobs for the boys who are not smart enough to be appointed to a senior position in any law.accountancy/major listed company.

They also pay peanuts so get the monkeys they deserve.

[effortless cool] 22/11/2021 20:37

Six years on and the FCA are finally taking some action. And that after the CEO practically admitted his guilt in a 2015 board meeting:

"However, at the Board meeting, Costis Papadimitrakopoulos the CEO of the Group brought to the attention of the Board certain matters regarding the falsification of data and the misrepresentation of the Company's financial situation, and offered his resignation, as did Dimitris Gryparis the CFO of the Group".

The FCA really are useless.

[topvest] 14/3/2019 21:02

Yes, its unbelievable that the culprits haven't been brought to justice. Its not as if they have escaped to outside of the EU!

[sefton1] 14/3/2019 20:35

Where is Costis today - having a ball on shareholders money!

[topvest] 30/7/2018 16:24

Yes, Costis needs to be held to account. He was a deceptive fraudster and deserves to be in prison for 10 years. Why don’t the authorities act?

[dianecarberry] 30/7/2018 14:21

This whole Globo affair stinks.

Someone needs to be held account.

[joe say] 30/7/2018 08:51

GT may not be to blame - but then what value is there on having an audit?

NONE it would seem