Article: Stunning Confessions of a Short Seller

Article - Media

Stunning Confessions of a Short Seller
Michelle Celarier, 22 June 2021

Anonymous short activist Rota Fortunae profited from put options on Farmland Partners — and now admits the relevant report he authored was riddled with errors.

The proliferation of short activist research in recent years has raised red flags about some of the originality, accuracy, and depth of these works — especially when combined with put options that are timed to coincide with the publication of reports that might send the stocks into a tailspin.

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Article: FCA comes down on Wirex after allegations of turning a blind eye to money laundering

Article - Media, Publications

FCA comes down on Wirex after allegations of turning a blind eye to money laundering

Aisling Finn,  30 March 2021

The Financial Conduct Authority (FCA) has decided to crack down on crypto and fiat currency payments provider Wirex after money laundering allegations surfaced, according to an investigation by Fintech Futures.

In response to the article, Wirex’s legal team said: “The article in question contains a number of false, defamatory and misleading statements, including the allegations that money is being laundered through the company, and Wirex is currently considering its legal options to have the article removed immediately.”

Concerns were allegedly first raised all the way back in February 2019 after several Wirex employees independently approached the FCA with concerns that customer money was being laundered through the company, according to the report by Fintech Futures.

The employees, one of which was in a senior compliance position, also reportedly raised concerns that Wirex was trading crypto that wasn’t the company’s to trade. Continue reading “Article: FCA comes down on Wirex after allegations of turning a blind eye to money laundering”