Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2011
Criminal conviction of Stuart Pearson
Pearson was convicted on three counts involving misleading, false, deceptive, or reckless claims about the existence of the company’s funds.
2005
Purported assets and funding proved fraudulent
The company’s public-market valuation relied on claimed assets and funding that were not available. The certificate of deposit attributed to Banco do Brasil was fraudulent, and promised shareholder payments were not made.
2005
AIM share fraud and collapse
Langbar was described as a pump-and-dump operation in which the company promoted assets it did not possess, leading to a suspension of trading and substantial investor losses.