Tag: Estelle Croft

Timothy Coleman was the CFO of Redcentric, a UK-based IT service provider and AIM-listed company. He issued false and misleading unaudited interim results in 2015 and 2016, materially overstating the company’s cash position – by £13.1m and £12.2m, respectively. Investors were misled into paying an “artificially inflated” share price. When the true position was revealed, shareholders suffered immediate losses in the value of their shares. A court sentenced him to five and a half years imprisonment.