The genesis of an epic fraud
Langbar was built on deception, with phantom assets and no employees
James Bagnall, The Ottawa Citizen
Published: Saturday, April 26, 2008

Rybak to pay $60M in settlement
Compiled from Herald News Services
Published: Tuesday, April 22, 2008
Calgary Herald

Bermuda fund founder pays $60m to settle fraud lawsuit
By James Lumley
The Royal Gazette
Published: April 23. 2008 09:30AM

Multi-million pound settlement in Langbar case
By Ian Briggs - Deputy Editor
The Businessdesk.com
23rd April 2008

Former Coca-Cola accountant lost €1.5m in cash fraud
By John Mulligan
Irish Independent
Wednesday April 23 2008

Agreement will cost entrepreneur almost everything his family ownsFormer Ottawa businessman Rybak makes surprise offer to settle suit with firm he founded the $60m paybackJames Bagnall, The Ottawa Citizen
Published: Tuesday, April 22, 2008

$60M payback
Former Ottawa businessman Mariusz Rybak makes surprise offer to settle suit with firm he founded
James Bagnall, Ottawa Citizen
Published: Monday, April 21, 2008

Langbar founder pays £30m to settle lawsuit
By David Blackwell and Megan Murphy
Financial Times
Published: April 21 2008 23:22

Langbar
Need to Know
From The Times
April 22, 2008

Ex-boss to pay Langbar £30m
By David Litterick
Daily Telegraph
Last Updated: 12:57am BST 22/04/2008

Ottawa entrepreneur settles suit for $60 million
James Bagnall, The Ottawa Citizen
Published: Monday, April 21, 2008

LSE fine slumps Nabarro Wells into the red
By Ben Bland
Daily Telegraph
Last Updated: 7:53am GMT 4 February 2008

Bulletin board posters sued for defamation
By Ben Bland
Daily Telegraph
Last Updated: 12:59am GMT 13 January 2008

Peerage row broker ‘shorted Langbar stock’
ny Ben Laurance
The Sunday Times
December 16 2007

Langbar case has an 'Alice-in-Wonderland' feel to proceedings
Rybak's deniability defence comes under attack
By James Bagnall
The Ottawa Citizen
Saturday 24 November 2007

Plaintiff lays out complex case against Rybak - Part 1
By James Bagnall
The Ottawa Citizen
Friday 23 November 2007

Plaintiff lays out complex case against Rybak - Part 2
By James Bagnall
The Ottawa Citizen
Friday 23 November 2007

British judge repeatedly 'astonished' by Langbar activities
by James Bagnall
The Ottawa Citizen
Thursday 22 November 2007

Founder of Langbar accused over fraud
By Ros Snowdon
Yorkshire Post
21 November 2007

Investors were Rybak 'fronts,' British court hears
by James Bagnall
The Ottawa Citizen
Wednesday 21 November 2007

Court Battle Over Missing Millions
By Ros Snowdon Deputy City Editor
Yorkshire Post
13 November 2007

Bond-style Scandal Holding a Harsh Lesson for Investors
By Ros Snowdon Deputy City Editor
Yorkshire Post
13 November 2007

Mega Fraud Part 1
James Bagnall, The Ottawa Citizen
Saturday, November 03, 2007

Mega Fraud Part 2
James Bagnall, The Ottawa Citizen
Saturday, November 03, 2007

Entrepreneur braces for $477M fraud fight
James Bagnall, The Ottawa Citizen
Saturday, November 03, 2007

Need to know
The Times
20 October 2007

Adviser fined for not making proper checks on AIM listings
Siobhan Kennedy
The Times
20 October 2007

Nomad strayed from market rules
By David Blackwell
Financial Times
19 October 2007

Nabarro Wells censured by LSE over listing problems
Robert Lea,
Evening Standard
19 October 2007

Has the Langbar scandal damaged Aims healthy reputation?
LG finds itself embroiled in the first major scandal to hit the junior market. By Margaret Taylor
The Lawyer
24 September 2007

Turnaround Hot Shot’s new goal
by Martin Waller
The Times
24 May 2007

Campaigner has to fight for himself
Martin Waller: City Diary
The Times
21 April 2007

What is going on at Nabarro Wells?
By Martin Waller, City Diary
The Times
9 March 2007

Risk will always be a lottery
by Andrew Hore
The Business
27 January 2007

Small Talk: Langbar founder wins court order over 'death threats'
By Michael Jivkov
The Independent
15 January 2007

Holders launch Langbar claim
By Nikki Tait
Financial Times
22 December 2006

Langar investor gets 12 months for contempt
by Jill Treanor
The Guardian
Saturday December 2, 2006

Former Langbar director sentenced
By David Blackwell
Financial Times
2 December 2006

Warning signs missed on Langbar
New evidence suggests that advisers could and should
have reported a series of anomalies to the regulators, writes Louise Armitstead
Sunday Times
29 October 2006

Theres still steady growth to come
by Andrew Hore
The Business
27 October 2006

Balls bounces into space
By Alex Brummer,
Daily Mail
26 October 2006

Expanding AIM faces increased LSE scrutiny
The Lawyer.com
9 October 2006

Aim market
By Yvette Essen
Daily Telegraph
9 October 2006

Langbar investors have hopes dashed
By Jonathan Moules
Financial Times
9 October 2006

Langbar chaos was ignored
Louise Armitstead
The Sunday Times
8 October 2006

Prufrock
EDITED BY LOUISE ARMITSTEAD
The Sunday Times
8 October 2006

LSE takes aim at nomads to quell concerns
By Yvette Essen
Daily Telegraph
03 October 2006

Langbar asset hunt leads to 34m hoard
By Louise Armitstead
The Sunday Times
01 October 2006

Troubled Langbar in €50m rescue bid
By Louise Armitstead
The Sunday Times
1 October 2006

Langbar Investors Club Together
Investors Chronicle
28 July 2006

Langbar recovers missing 4m
By David Blackwell
Financial Times
Published: July 26 2006

Plans for Nigel
City Diary
By Martin Waller
The Times
25 July 2006

The Fortune Hunters
by Brian Moynahan
The Sunday Times
15 July 2006

Monday view: Man the barricades! Shareholders want 'democratic' rights
By Christopher Hope
Daily Telegraph
3 July 2006

LSE takes AIM
Sharewatch
Edited by Joe Brennan
The Sunday Times
2 July 2006

Inside the City: Rogue nomads in the firing line
by Richard Fletcher
The Sunday Times
2 July 2006

Pearson still haunted by Langbar
Nicholas Neveling
Accountancy Age
29 June 2006

New regulations target AIM
The reputational impact of the Langbar scandal means AIM must now get the right balance
between tightening the regulations to avoid further abuse while attracting investors
by Peter Bartram,
FINANCIAL DIRECTOR
28 Jun 2006

Former Langbar exec faces investigation
AccountancyAge.com, Accountancy Age
23 June 2006

Langbar inquiry
The Times
23 June 2006

Thursday’s Markets and press summary
Investors Chronicle
22 June 2006

Langbar shareholders snub rescue strategy
By Robert Miller
Daily Telegraph
Filed: 22/06/2006

Langbar investors formalise action over missing funds
By Robert Miller
Daily Telegraph
Filed: 19/06/2006

Taylor's Aim is unerring
by Martin Baker
The Rainmaker
Daily Telegraph
Filed: 18/06/2006

Langbar founder gets six-month sentence
By Michael Jivkov
The Independent
Published: 15 June 2006

Prison for ex-Langbar director
By David Blackwell
Financial Times
Published: 15 June 2006

Small Talk: Baltic Barracuda tries to slip off the hook in Langbar case
By Michael Jivkov
The Independent
Published: 12 June 2006

Fears for Aim investors
by Ben Laurance
Mail on Sunday
11 June 2006

Arden team shares 30m
by Richard Fletcher
The Sunday Times
June 11, 2006

Investors furious as bosses of the Monday lottery fall woefully short of the jackpot
by Mathew Goodman and Richard Fletcher
The Sunday Times
4 June 2006

Small Talk: Investigators pursue Langbar's Canadian hedge fund link
By Michael Jivkov
The Independent
30 May 2006

Langbar: backer to talk
by Louise Armitstead
The Sunday Times
21 May 2006

Langbar investor Leahy released
Business Week by John Mulligan
Sunday Tribune
14 May 2006

Focus: The maverick, the miner and the millions
by Tom Walker
The Sunday Times
14 May 2006

Langbar shareholder Leahy to be released this week
Business Week By John Mulligan
Sunday Tribune
7 May 2006

Langbar narrows cash search
By David Blackwell
Financial Times
Published: April 28 2006

Prufrock: Monte Carlo bust for Langbar duo
EDITED BY LOUISE ARMITSTEAD
The Sunday Times
23 April 2006

Baltimore’s Back
Investors Chronicle
21 April 2006

Langbar investor on remand in Monaco after street confrontation
Simon Bowers
Wednesday April 19, 2006
The Guardian

Irish investor stuck in Monaco jail after Langbar altercation
By Robert Miller, Daily Telegraph
Filed: 19/04/2006

Politicians are still joining boards of quoted companies despite the reputational risks
By Carlos Grande, Financial Times
April 15 2006

Court grants Langbar an extension
By Philip Stafford, Financial Times
Published: Apr 05, 2006

Langbar hearings in secret after threats
by James Rossiter
Evening Standard
4 April 2006

Scattering of seedlings turns into a forest
By David Blackwell
Financial Times
Published: March 29 2006

£250m to spend in 7 days
Investors Chronicle
24 March 2006

10 reasons to be fearful
Paul Durman
The Sunday Times
19 March 2006

Langbar Launches Legal Challenges
Inverstors Chronicle
17 March 2006

Langbar launches action against former directors
Nicholas Neveling
Accountancy Age
14 March 2006

Langbar launches $477m suit against Rybak, others
By James Bagnall Ottawa Citizen
14 March 2006

Langbar makes 29m claim
James Rossiter, Evening Standard
14 March 2006

Langbar sues former directors
By Delphine Strauss
Financial Times
Published: March 14 2006

Langbar accuses two ex-directors of 'conspiracy to defraud'
Simon Bowers
The Guardian
Tuesday March 14, 2006

Need to Know
The Times
March 14, 2006

The Breakfast Show
BBC Radio Five Live
14 March 2006
Right Click and save to listen to broadcast

The Today Programme
BBC Radio 4
14 March 2006
Right Click and save as, to listen to broadcast

Wake Up To Money
BBC Radio Five Live
14 March 2005
Right Click and save as, to listen to broadcast

Small Talk: Blood-testing services make IOS one to watch
Foreign companies in the LSE do not have to inform the market of share dealing
By Michael Jivkov
The Independent
Published: 13 March 2006

Langbar sues over missing 365m
BBC News
13 March 2006

Langbar to sue over 'lost' 365m
By Robert Miller (Filed: 11/03/2006)
Daily Telegraph

LSE looks at Bonnier's fitness for AIM role
By Patrick Hosking, Investment Editor
The Times
10 March 2006

Nominated adviser's link to Langbar
By Patrick Hosking
The Times
10 March 2006

Aim's lesser ranks face the threat of shell shock
By David Blackwell
Financial Times
Published: March 10 2006

Langbar pursued
By Michael Jivkov
The Independent
27 February 2006

Has AIM Grown Up?
Investors Chronicle
24 February 2006

Correction Stuart Pearson
Investors Chronicle
24 February 2006

Advisers back AIM despite scandals
Nicholas Neveling
Accountancy Age
23 Feb 2006

Silliana perhaps?
By Clay Harris
Financial Times
Published: February 22 2006

Small Talk: Langbar case highlights loophole in AIM rules
By Michael Jivkov
The Independent
Published: 20 February 2006

Langbar Faces up to Fraud Accusations
Investors Chronicle
17 February 2006

De-listed
Patience Wheatcroft
The Times
16 February 2006

Langbar investors in attack on AIM
Market accused of being open to fraud
Ros Snowdon, Deputy City Editor
The Yorkshire Post
15 February 2006

Anger at former chief's £30,000 role
Ros Snowdon
The Yorkshire Post
15 February 2006

Langbar prepares 100m lawsuits blitz
James Rossiter, Evening Standard
15 February 2006

Langbar investors angry at Pearson's consultancy fee
By Michael Jivkov
The Independent
Published: 15 February 2006

Business diary
Lets look snappy!
Edited by Sophie Brodie
(Filed: 15/02/2006)
Daily Telegraph

COMPANIES UK: Langbar has all the makings of a classic film script
By David Blackwell, Financial Times
Published: Feb 15, 2006

COMPANIES UK: No smoke
By Clay Harris, Financial Times
Published: Feb 15, 2006

Fraud has been commited, says new Langbar chief
By Robert Miller (Filed: 15/02/2006)
Daily Telegraph

Langbar assets may be as little as pounds 2m:
By Simon Bowers
The Guardian - United Kingdom, Feb 15, 2006

Langbar investors may never see missing 365m
By James Rossiter
Evening Standard
14 February 2006

Langbar misery piles up with 2.5m bill
By Robert Miller (Filed: 14/02/2006)
Daily Telegraph

Broker loses peerage in donor crony row
By Jahn Waples
The Sunday Times
12 February 2006

Pearson resigns from Langbar
By David Blackwell
Financial Times
Published: February 11 2006

Real Affinity boss quits amid cash hunt
By David Blackwell
Financial Times
Published: February 9 2006

Grey Swallow to aim for Dubai World Cup
Bloodstock Journal
2 February 2006

Langbar hit by death threats
By James Moore, Financial Services Editor
Daily Telegraph
(Filed: 31/01/2006)

Threats to kill Langbar boss
James Rossiter, Evening Standard
30 January 2006

Prufrock: Lets have it from Avi
EDITED BY LOUISE ARMITSTEAD
The Sunday Times
29 January 2006

Langbar: Riddle of entrepreneur's role in Australia firm
Eric Barkas
Yorshire Post Today
25 January 2006

Prufrock:Langbar wife gets into top gear
EDITED BY LOUISE ARMITSTEAD
The Sunday Times
22 January 2006

Baltimore set to relist
Investors Chronicle
20 January 2006

Prufrock: Shelling out on executive jet jaunts
EDITED BY LOUISE ARMITSTEAD
The Sunday Times
15 January 2006

Choppy waters for Langbar
Accountancy Age
12 January 2006

Wave of cash shells miss LSE deadline
Nicholas Neveling
Accountancy Age
12 Jan 2006

Tangled web behind lost 365m
Eric Barkas
Yorkshire Post Today
10 January 2006

Langbar shareholders ponder legal action against brokers
Nicholas Neveling,
Accountancy Age,
10 Jan 2006

The man in the middle
James Bagnall, The Ottawa Citizen
Published: Saturday, January 07, 2006

Pensions crisis escalates
Ruth Sunderland, Daily Mail
5 January 2006

Back to school for the junior market
Geoff Foster, Daily Mail
3 January 2006

Prufrock: A Vardy own goal?
EDITED BY LOUISE ARMITSTEAD
The Sunday Times
1 January 2006

Sleazy slickers, bra wars and Katrina chaos
Julia Finch and Jill Treanor
Friday December 30, 2005
The Guardian

A tale of three continents . . .
Yorkshire Post Today
30 December 2005

Insider trading must be cast out of City
By Patrick Hosking
The Times
29 December 2005

Some broken eggs are the price of Aim omelette
By David Blackwell
Published: December 23 2005
Financial Times

Buchler joins Langbar
Insolvency expert David Buchler joins troubled cash shell Langbar
Kevin Reed, Accountancy Age
20 Dec 2005

Langbar calls on insolvency expert to find cash
By Michael Jivkov
Published: 20 December 2005
The Independent

Board shake-up as fraud officers investigate 'missing' 365m at Langbar
By Roland Gribben (Filed: 20/12/2005)
Daily Telegraph

Langbar reshuffles board
By David Blackwell
Published: December 20 2005
Financial Times

Stock still
(Filed: 19/12/2005)
Daily Telegraph

Small Talk: Langbar founder is interviewed
as part of investigation into hedge fund collapse
By Michael Jivkov
The Independent
Published: 19 December 2005

’Prufrock: Tripped up by Langbars samba
EDITED BY LOUISE ARMISTEAD
The Sunday Times
18 December 2005

AIM Regulation
Investors Chronicle
16 December 2005

Themes 2006: What to look for next year
Investors Chronicle
16 December 2005

Prufrock: Suckered at the Langbar bank
EDITED BY LOUISE ARMITSTEAD
The Sunday Times
11 December 2005

Deloitte to tackle crisis at Langbar
Troubled cash shell looks to appoint new auditor as fraud probe continues
Nicholas Neveling, Accountancy Age, 08 Dec 2005

Baker Tilly refused to sign off the accounts of stricken cash shell Langbar
when it was still known as Crown Corporation
Nicholas Neveling, Accountancy Age,
05 Dec 2005

New sleuth put on the trail of Langbar's 365m deposits
By Robert Miller (Filed: 05/12/2005)
Daily Telegraph

Small Talk: Clear Debt poised to challenge leaders in insolvency market
By Stephen Foley
The Independent
Published: 05 December 2005

The Maverick: They're taking to Aim but we should take care
By Luke Johnson
The Sunday Telegraph
(Filed: 04/12/2005)

A Crown farce: how Langbar mislaid 365m
Who made the AIM firms worldwide schemes and huge deposits disappear into thin air?
By Paul Durman and Louise Armitstead
The Sunday Times
4 December 2005

Baker Tilly refused to sign off Langbar's accounts
Paul Durman and Louise Armitstead
A Crown farce: how Langbar mislaid 365m
The Sunday Times
4 December 2005

Shareholders set up Langbar action group
Investors Chronicle
2 December 2005

The strange new tale of Mariusz Rybak
James Bagnall, The Ottawa Citizen
Published: Thursday, December 01, 2005

Smith on the case
By Clay Harris
Financial Times
Published: December 1 2005 02:00

Langbar chief in investor talks over 'missing 365m'
By Caroline Merrell, Banking Correspondent
The Times
1 December 2005

Bangalore, then job cuts galore
Simon Bowers
Thursday December 1, 2005
The Guardian

Langbar backer raises contract query
James Rossiter, Evening Standard
30 November 2005

Fraud office launches inquiry into Langbar
The Guardian Simon Bowers
Wednesday November 30, 2005

The market where 'caveat emptor' has become a charter for fraud
By Stephen Foley
Published: 30 November 2005
The Independent

Mudlark: Greenspan to get freedom of City
By Clay Harris, FT.com site
Published: Nov 30, 2005

Financial: Former chief at odds with fraud inquiry firm
The Guardian - United Kingdom,
Nov 29, 2005

Financial: Founder of fraud inquiry firm defends share sales
The Guardian - United Kingdom,
Nov 28, 2005

Prufrock: AIM Shame
Edited by Loiuse Armitstead
The Sunday Times
27 November 2005

COMPANIES UK: Langbar faces SFO probe over possible missing cash
Financial Times, Nov 26, 2005
By David Blackwell

AIM becomes victim of 365m fraud
Published: 26 November 2005
The Independent

SFO inquiry on way into fall of Langbar
By Robert Miller (Filed: 26/11/2005)
Daily Telegraph

Fraud inquiry starts into shell firm's missing millions:
Forensic accountants unable to find pounds 365m:
Share sales by Langbar founder under scrutiny
SIMON BOWERS
The Guardian - United Kingdom,
Nov 26, 2005

Outlook: Langbar's lesson in the obvious
JEREMY WARNER
The Independent - United Kingdom,
Nov 26, 2005

Notebook: Aim low
The Guardian - United Kingdom, Nov 26, 2005

Langbar shareholders in limbo
Michael Clark, 25 November 2005
Evening Standard

Small Talk: Revealed... colourful past of the Baltic Barracuda
By Michael Jivkov and Stephen Foley
Published: 21 November 2005
The Independent

Small Talk: Cash in question: Langbar risks wrath of investors
By Michael Jivkov
Published: 14 November 2005
The Independent

Prufrock: St James Capital chief huffs and puffs
EDITED BY LOUISE ARMITSTEAD
The Sunday Times
30/10/05

Langbar Int
Investors Chronicle
21 October 2005

Langbar in search for 350m
Langbar is latest cash shell listed on AIM to encounter difficulties
in establishing whereabouts of cash assets
Nicholas Neveling, Accountancy Age,
20 Oct 2005

Langbar waiting for its $294m
Eric Barkas
City Editor Yorkshire Post
19/10/05

Prufrock: Our latest export: civil servants
EDITED BY LOUISE ARMITSTEAD
The Sunday Times
16/10/05

SMALLER COMPANIES UK: The jewel in Crown's cash shell is hard to find
By David Blackwell, Financial Times
Published: Oct 14, 2005

SMALLER COMPANIES UK: Interim report
By David Blackwell, Financial Times
Published: Oct 14, 2005

Langbar board meets
Eric Barkas
City Editor Yorkshire Post
14/10/05

Investment firm freezes shares while it pursues 350m transatlantic paper trail
Ian Griffiths
Thursday October 13, 2005
The Guardian

Langbar suspension after 2.4m disposal leaves investors on edge
By Nick Hasell The Times
13/10/05

Langbar set for huge property deal
But Real Affinity has to be dealt with first
Eric Barkas City Editor Yorkshire Post
03/10/05

Market report
By Yvette Essen(Filed: 07/09/2005)
Daily Telegraph
Aim-listed investment company Langbar International soared 35 to 88p
after transferring $294m (159m) into its European account from South America.

FT MARKETS: SMALL CAPS: LANGBAR FEELS FLUSH FOLLOWING CASH WITHDRAWAL
By Philip Stafford, Financial Times
Published: Sep 07, 2005

LG seals Crown Corp AIM mega-deal
Legal Week
21 November 2003

EU investors to plow $1B into Argentina
By Peter Johnson
07 November 2003
Buenos Aires Herald