QuoteMost people would call that a con, unless Rossi himself was so careless as not to know himself whether his devices worked. Your choice.
After all these years and all the effluvia of communications from Rossi on his stupid JONP, it is inconceivable that he did not know he was conning. In fact, it seems evident that the con was careful, deliberate, cunning, extensively tested and started with poor Focardi more than 9 years ago.
There is nothing to suggest that Woodford put more cash into IH. The little public info that there is suggests they simply re-evaluated their shares. And maybe Woodford likes IH but several of the stockholders don't. Discussion on this has been (wait for it) censored in the Q&A from Woodford.