Home > Financial Regulation, It's all about money, Madness, MF Global, The economy, Why it's all gone horribly wrong? > KPMG get another opportunity to stick their nose in the trough #administrators #Worldspreads

KPMG get another opportunity to stick their nose in the trough #administrators #Worldspreads


WorldSpreads assets attract bid interest – KPMG | Reuters.

It’s  jackpot time again for KMPG, as they have been called in to administer Worldspreads Group, the company that is vying for a berth next to Harry Houdini in the Magic Circle Hall of Fame, as they cleverly make circa £13m disappear.

So the question is, what have the FSA been up to? They are, after all, the Financial regulator, set up to deal with financial irregularities and misdoings.

Maybe I’m being too harsh, as ultimately, if the activity is fraudulent, what can the regulator do?

Make sure the culprits are banned from future Company directorships, jailed for a very very long time and have all their possessions taken away?

Just who is guilty remains to be seen.

In any case, let’s hope that KMPG have learned from their error of judgement with MF Global and don’t reveal the client list with names and addresses conveniently attached.

Common sense, don’t go into administration without it.

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