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Asset 1005


Crowdcube's Ethos Global fiasco runs and runs

Ethos Global, run by Dr Theo Koutrakides and his wife, Jennifer Hersch, was put into liquidation by court order in July 2017. It had raised over £700k on Crowdcube just a year before. That liquidation has gone nowhere since. Before the liquidation, the good Doctor and his wife had set up Soma London England, which operates from a unit paid for in large part by Crowdcube investors. It has just filed accounts showing large losses and its BS in very negative territory. How is that even possible?

We have been talking to the good doctor - or rather we have been asking Qs and he has been avoiding them. And we have written about them here. He had promised to gift all Crowdcube investors in Ethos equal value shares in his new Soma but he hasn't done that. One thing is consistent  -...

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Thursday December 13, 2018

Hardman and Co’s Brian Moretta in conversation with ECF Buzz Founder Rob Murray Brown on start up investing, equity crowdfunding and what’s a good read.