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Telit: a classic Aim scandal

07:14 EDT 18 Aug 2017 | Topix

Telit Communications, a "once-hot 'internet of things' stock", had the equivalent of a cold shower last week, says Aine Quinn and Beth Mellor on Bloomberg.com. The Aim-listed firm lost more than half its market value in days after its CEO Oozi Cats was linked to an old fraud case.

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