Langbar International

Langbar International is a limited company that was listed on the Alternative Investment Market of the London Stock Exchange as Crown Corporation Limited in 2003 and was subsequently the biggest share fraud on the AIM to date. It was investigated by the Serious Fraud Office,[1][2][3][4][5][6] the City of London Police, the Accountancy Investigation and Disciplinary Board[7] and the subject of many civil legal actions in the High Court.[8][9][10][11][12][13]

Crown Corporation, which changed its name to Langbar International Limited in 2005, was a pump and dump fraud, in that the company did not possess the assets that it declared at listing.[14][15][16]

  1. ^ "Serious Fraud Office Press Releases 29 November 2005". Sfo.gov.uk. Archived from the original on 29 September 2011. Retrieved 1 January 2012.
  2. ^ Simon Bowers (26 November 2005). "Fraud inquiry starts into shell firm's missing millions". The Guardian. UK. Retrieved 1 January 2012.
  3. ^ Blackwell, David (26 November 2005). "Langbar face SFO probe over possible missing cash". Financial Times. Retrieved 1 January 2012.
  4. ^ Robert Miller (26 November 2005). "SFO inquiry on way into fall of Langbar". The Daily Telegraph. UK. Retrieved 1 January 2012.[dead link]
  5. ^ Simon Bowers (30 November 2005). "Fraud office launches inquiry into Langbar". The Guardian. UK. Retrieved 1 January 2012.
  6. ^ Eric Barkas (29 November 2005). "Langbar: The SFO are called in". The Yorkshire Post. Retrieved 1 January 2012.
  7. ^ "Accountancy Investigation & Disciplinary Board Press Release 23 June 2006". Frc.org.uk. 23 June 2006. Archived from the original on 4 January 2012. Retrieved 1 January 2012.
  8. ^ "Langbar sues over missing £365m". BBC News. 13 March 2006. Retrieved 1 January 2012.
  9. ^ Simon Bowers (14 March 2006). "Langbar accuses two ex-directors of 'conspiracy to defraud'". The Guardian. Retrieved 1 January 2012.
  10. ^ James Bagnall (14 March 2006). "Langbar launches $477m". The Ottawa Citizen. Archived from the original on 10 November 2012. Retrieved 1 January 2012.
  11. ^ Nicholas Neveling (14 March 2006). "Langbar launches action against former directors". Accountancy Age. Retrieved 1 January 2012.
  12. ^ "Langbar launches legal challenges" Investors Chronicle 17 March 2006 Archived 25 July 2011 at the Wayback Machine
  13. ^ Tait, Nikki (22 December 2006). "Holders launch Langbar claim". Financial Times. Retrieved 1 January 2012.
  14. ^ Greg Hurst; Caroline Merrell (1 December 2005). "Langbar chief in investor talks over 'missing £365m'". The Times. UK. Archived from the original on 12 June 2011. Retrieved 1 January 2012.
  15. ^ Greg Hurst; Paul Durman and Louise Armistead (4 December 2005). "A Crown farce: how Langbar mislaid £365m". The Sunday Times. Archived from the original on 12 June 2011. Retrieved 1 January 2012.
  16. ^ Jivkov, Michael (26 November 2005). "AIM becomes victim of £365m fraud". The Independent. UK. Archived from the original on 27 April 2006. Retrieved 1 January 2012.