Previously Crown Corp, CCO. Institutional interest now and the Co has changed it's name for a fresh beginning. Still very speculative, but what isn't? but just a case of investing the huge amount of Cash sitting in a Brazilian bank a/c. There's no real difference here to an emerging markets investment fund apart from the obvious and very attractive discount to NAV of approx 75% !!!!!

Langbar International Limited
25 November 2005


Langbar International Limited (the 'Company')

On 12 October 2005 trading in the common shares of the Company was suspended on
AIM pending independent verification of certain of the assets of the Company at
a market capitalisation of approximately 87 million. Following the suspension
the Company appointed Kroll Associates UK Limited ('Kroll'), the international
risk consulting firm, to undertake verification of the Company's cash deposits
('the relevant assets') with Banco do Brasil and ABN Amro BV aggregating some
365 million.

365 million of term cash deposits with Banco do Brasil were included in the
unaudited interim financial statements as at 30 June 2005 as investments. On 6
September 2005, it was announced that USD 294 million of the cash deposits had
been transferred to ABN Amro BV.

Kroll has reported to the Board that, following its initial investigations, it
appears likely that the Company has been subject to a serious fraud affecting
the relevant assets. Kroll has not been able to establish the existence of, nor
verify the Company's entitlement to, any of the relevant assets at any time in
the Company's history.

The Board has informed the police and other relevant authorities of the
circumstances and intends to co-operate to the fullest extent practicable in the
pursuit of those responsible for the events which appear to have occurred.
The Board has instructed the Company's lawyers to explore every avenue available
for the recovery of its assets and to pursue vigorously any parties who may have
been involved in unlawful or improper activity in relation to the Company or its
assets. The Directors believe that the Company has sufficient cash reserves to
commence this action. The Board is not, however, able at this stage to give any
meaningful indication of the prospects for success or the likely timing of these
endeavours.

Due to the continuing uncertainties and investigations the Board consider that
for the time being the Company's shares should remain suspended from trading on
AIM.

Subject to any applicable legal restrictions, the Board will, as appropriate,
make further announcements as to the progress of the investigations and the
actions being taken to recover the Company's assets.

25 November 2005

A few people posting on ADVFN have indicated that they have lost 6 figure sums on this. One has lost 250k.

This is another example of a highly ramped stock where any negative views were shouted down. This always looked too good. In theory punters were buying huge assets in a cash shell for hardly anything.

Even Institutions were taken in. It is always a mistake to think that an investment is safe just because there are institutional holdings.

I`d personally like to see Pearson in prison if this doesn`t get sorted out favourably as he is supposed to have done "due dilegence" before taking on his role. What a plonker....like me for believing it ! Obe

I tried to warn people again but again people didn't listen. I don't post for fun about these things!

Sorry for anybody that has been done over on this one, it's disgusting.

Its the fcuking board of this bloody company that need investigating and no one else.

They put out the news that they had the dosh etc which people then acted on , surely they can be sued by the shareholders ???

Those that got stung , take it , learn from it then move on ..... it happens to us all but in this case there are people who should be held accountable.

Do we have an extradition treaty with Monaco ?

And ramping tw*ts like R33Skyline etc don't help things either.

andyeds ... re post 267 : don't call me sunshine you bullsh*tting tw*t !

and for iPubic .... I have not and have never have had any holding in these and warned others to be careful.

Comprendo ???

I see Paul Masterson has covered himself in glory again. How much money can you lose in one year and still get away with ramping?

Its as I said on the YOO thread ... these rampers seldom have any real holdings in the companies and do it for the hell of it.

Its the innocent that get fleeced.

It's very sad.

Folks you are probably right, and probably very experienced. The problem with being very experienced is that you become too cautious. I made a lot more money when I first started this than I do now and its for one reason....I learned by my mistakes....BUT now I don't take such big risks....AND therefore my profits are smaller.... Have only lost 5K on this BUT still realise I was an absolute ********. I have made a pact with myself. I will still take these risks........its all in the game and very exciting. The lesson to learn as we say so often is, only risk what you can afford to lose. Sincere sympathy to fellow losers........ its gonner be a rotten weekend.....

So sorry for those who have lost money on this...have watched this thread, but not invested....(I've been caned on EVS..enough pain for one year)..anyhow, just to mention that there's an active discussion on the iii thread about getting together to pursue the guilty parties which some of you may be interested in.

I wish you all well.

This scam is a variant of "The Spansh Prisoner" con.

The Spanish Prisoner is a confidence game dating back to 1588 [1]. In its original form, the confidence artist tells his victim (the mark) that he is in correspondence with a wealthy person of high estate who has been imprisoned in Spain (originally by King Philip II) under a false identity. The alleged prisoner cannot reveal his identity without serious repercussions, and is relying on the confidence artist to raise money to secure his release. The confidence artist offers to let the mark supply some of the money, with a promise that he will be rewarded generously when the prisoner returns both financially and by being married to the prisoner's beautiful daughter. However, once the mark has turned over his money, he learns that further difficulties have arisen, requiring more money, until the mark is cleaned out and the game ends.

Key features of the Spanish Prisoner are the emphasis on secrecy and the trust the confidence artist is placing in the mark not to reveal the prisoner's identity or situation. The confidence artist will often claim to have chosen the mark carefully based on his reputation for honesty and straight dealing, and may appear to structure the deal so that the confidence artist's ultimate share of the reward will be distributed voluntarily by the mark.

Modern variants of the Spanish Prisoner include the advance fee fraud, in which a valuable item must be ransomed from a warehouse, crooked customs agent, or lost baggage facility before the authorities or thieves recognize its value, and the Nigerian money transfer fraud another type of advance fee fraud in which a self-proclaimed relative of a deposed African dictator offers to transfer millions of ill-gotten dollars into the bank account of the mark in return for small initial payments to cover bribes and other expenses.

Can the coordinator of the Action Group please get in contact with me. You need to get moving if you want to trace the money and get it back.

Anomalous@rsvshareholders.co.uk
Simon Cawkwell is correct, the Police will investigate any crime and an offender may get sent to prison, but unless you chase the funds through a civil action you can wave goodbye to it. You need lawyers and it won't cost you a lot.

You can get a free consultation to discuss the matter and see if they can help you, but the best thing you can so right now is:

1. Organise

Get the names, addresses, telephone numbers, email addresses, shareholdings of the members.

Set up an email group to contact all the members at once and tell them your progress. Inform them of meetings etc.

Ask if they will agree to pay a fee to join the Action Group and start recovery. Say 50 - cheques made payable to the lawyers only.

2. Establish Your Facts

Document everything concerning the case, so you know the sequence of the events and who said what. Who verified that the money was there for audit etc.

Arrange a meeting (with legal support) with the directors and find out what happened. It needn't be all the shareholders, but some representatives would be able to ask questions and report back to the others.

3. Contact the Press

The press can help you a lot. They show that you have a voice and have to be involved in the discussion of what happens to Langbar. If you are disatisfied with the answers you are getting from those in power, then you can make your voice known. They want to report your story and the financial press are far more reliable and reputable journalists than their tabloid brothers. You can trust some to help your cause.

4. Contact the Authorities

Speak to the people investigating this case. We know that the SFO and FSA are involved, but if you find anything out in the course of your investigations, you ought to pass it to them. It may help them to find the money and get it back for you.

ADVFN and Money@m will help you, but they will not do the work for you. You have to do the action yourselves - that's why they call it an Action Group

Other people, like myself will offer advice and support, but it really is up to YOU, the shareholders to take this matter forward.

Remember, this is not some small amount of money, this is
$657 million or more than half a billion dollars
You have to fight for your right to it.

as a matter of interest, what is the stock market levy of 50p per 10k trade used for?

Don`t know if anyone has posted this link to the fraud office. but a lot of people are registering to try and gee up matters.Don`t think it will do any good but hey if it makes you feel better.

http://www.sfo.gov.uk/cases/guidance.asp

If anyone knows fusebox from the ADVf-n site tell him hes a complete shi-t for sending out e-mails ramping shares to those people leaving thier e-mail address to register for the action group.

regards

Dr Square,

I agree completely, what an inconsiderate person on a day many were really hurting from serious losses.

My sympathies to you all. Not exactly a nice time to find this out, being christmas is just a few weeks away. Hope you sue the B******s, certainly puts me off trading