MARC COHODES – INTERTAIN GROUP LTD: A HOUSE OF CARDS
ValueWalk, 18 October 2016
In early 2014, Intertain was created with assets from Amaya Inc., with Amaya becoming Intertain’s largest shareholder David Baazov – Amaya’s CEO – has been charged with insider trading by the Quebec AMF
AMP claims that Baazov was part of a network of insiders who used secret codes to conceal trades about companies planning to merge or acquire other companies. John Fitzgerald (also known as “Fitzy”) was named CEO of Intertain. Fitzy has allegedly been involved with penny stock promoters and has previously been named as a defendant in shareholder lawsuits.
Keith Laslop was named CFO of Intertain Laslop has links to Gerova Financial Group, whose top officers (John Galanis et al) were by the SEC for fraud. Laslop himself was named in multiple lawsuit arising out of the Gerova fraud allegations. Intertain’s roll up strategy. In early 2015, Intertain acquired Jackpotjoy and other companies for £4258 million plus earn-outs if and when Jackpotjoy meets earnings benchmarks
