> For roughly six years, Davies ran a series of firms that pretended to offer insolvency services. Instead, he simply siphoned what little remaining money these

> For roughly six years, Davies ran a series of firms that pretended to offer insolvency services. Instead, he simply siphoned what little remaining money these companies had, spending the stolen funds on lavish cars, home furnishings, vacations and luxury watches. Apart from the lavish cars, that fairly closely matches my experience with a real insolvency company we used when winding up our start up. Maybe he should just run a legitimate insolvency firm instead.