This is a #disgrace. #BaFin chief admits watchdog made errors ahead of @Wirecard collapse – #Wirecard & #BaFin persecuted me because of weak hands & having Israeli/British background. https://t.co/7Fo3h3F8GS via @FT
— Fraser Perring – Grand Poobah of “criminal” shorts (@AIMhonesty) March 27, 2021
Najiyya Budaly, 01 March 2021
The European Union’s markets watchdog must improve its supervision of national regulators, a technical advice group said on Monday after it found that Germany’s largest post-war accounting fraud had laid bare deficiencies in the authority’s oversight of market abuse and auditing rules.
The Securities and Markets Stakeholder Group, which provides advice on policy development to the European Securities and Markets Authority, recommended that ESMA should improve protection for investors and ensure integrity in markets after an accounting scandal at Wirecard AG revealed gaps in its supervision. Continue reading “Article: EU Watchdog Told To Crack Down After Wirecard Scandal”
Institutional Investor, 30 November 2020
More than a dozen short-sellers interviewed by Institutional Investor in an effort to penetrate this murky terrain say there are numerous players and various permutations of the model that may involve the sharing of ideas and research along with either a cut of the gains on the short trade or a set fee. In fact, some short-sellers believe that almost all of the activists have such backing — even those running small hedge funds themselves.
Jack Kelly, 23 July 2020
On Monday, I reported that Markus Braun, the billionaire CEO of online payments company Wirecard, faced serious allegations over the company’s rapid growth and questionable business practices. Specifically, regulators and investors were concerned over claims that the FinTech company purported to have $2 billion dollars in a couple of Philippine banks. Investigations conducted by an outside auditor revealed that the money wasn’t there and possibly never existed. Continue reading “Article: Wirecard’s Former Billionaire CEO Markus Braun Arrested Over Allegations Of Fraud”
Founder & Chief Investment Officer at Safkhet Capital
Born in the USA to Bangladeshi parents. Left PhD track to do research at Deallus Consulting. Recruited by Michael Krensavage to be a short seller.
Central to the short selling of both Valeant and Wirecard. Has enjoyed a massive media elevation with no inquries into her connections to naked short sellers who destroyed both Valeant and Wirecard.
Comment: There is a new layer of naked short sellers and bashers on Wall Street that is connected to India, Pakistan, and Bangldesh. They are the new gang in town.
Safi Thind, SquareMile, 7 February 2020
“Valeant had a certain reputation within the industry,” she says. “I knew it was already engaged in unethical, potentially fraudulent practice. Pharmaceuticals are a very established industry, when someone tries to disrupt it and post unusual numbers, there’s probably something wrong.”
Douglas Busvine, 23 June 2020
BERLIN, June 23 (Reuters) – Germany’s financial watchdog said on Tuesday it had filed an updated case against Wirecard , saying the collapsed payment company’s disclosure of a $2.1 billion financial hole showed it had sought to mislead markets.
The regulator Bafin said it had filed a follow-up to an earlier complaint with Munich prosecutors as it now suspected Wirecard’s accounts for 2016, 2017 and 2018 had misstated revenues and assets.
“This also strengthens the suspicion that the information contained in its financial reports sent false signals for Wirecard’s share price and thus violated a ban on market manipulation,” Bafin said in a statement.
As we’ve previously noted, German regulators have bent over backwards to accommodate Wirecard, even going so far as to discourage short sellers from targeting the stock, and launching an investigation into an FT reporter who published the first allegations about fraud within the fast-growing digital payments company.
Comment: Insiders always have deep broad advance knowledge. Wirecard appears to have some combination of internal issues AND be under attack. The plunging prices are covering the shorts. NSA has all the data but is not doing “trade intelligence” or white collar crime counterintelligence.
Thomas Escritt, 05 June 2020
BERLIN, June 5 (Reuters) – Prosecutors in Munich said they had searched the premises of financial services company Wirecard and opened proceedings against its management board as part of a market manipulation probe by BaFin, Germany’s financial regulator.
In a statement on Friday, prosecutors said the company was suspected of having issued misleading information which may have impacted Wirecard’s share price between March 12 and April 22.
Wirecard confirmed in a statement that its premises had been searched as part of an investiugation targeting its management board. It said it was cooperating fully with the investigation.
Tehran Times, May 26, 2020 – International
TEHRAN – Robert David Steele, a former Marine Corps infantry officer and CIA spy as well as an activist for Open Source Everything Engineering (OSEE), contributes regularly to Tehran Times.
Reuters, 8 May 2020
BaFin had previously said it would include the findings of the KPMG audit in its ongoing investigation into suspected market manipulation in Wirecard stock.
Comment: Regulatory agencies are easy to manipulate as a secondary means of direct market manipulation. They address only a tiny fraction of the crimes being committed by naked short sellers, while being easily spoofed into helping naked short sellers because they take fraudulent whistleblowers at face value when it suits them to do so.
Wish @EY_Germany auditor of @Wirecard AG and @pwc_de auditor of #WirecardBank the best of success in signing off $WDI accounts: June 04, 2020. Will they wallpaper over the serious issues @KPMG_DE_For raised creating a regulatory and legal clusterf&%k?https://t.co/Rbb2wBf5Sj pic.twitter.com/gdRpP7jBfu
— Fraser Perring – Grand Poobah of “criminal” shorts (@AIMhonesty) May 1, 2020
Comment: Perring operates Viceroy Research.
#Wirecard WDI GR short int is $2.88BN; 29.83MM shs shorted; 25.97% of float; 4.00% borrow fee. Shs shorted up +3.34MM shs,+12.62%,over last 30 days as price fell -12.7% & up 3.91MM shs,+15.1%,last week.Shorts up +$604MM in 2020 mark-to-market profits;+$47MM on today's -1.63% move pic.twitter.com/p9VEp9EEl2
— Ihor Dusaniwsky (@ihors3) May 5, 2020
Straits Times (Singapore), 29 March 2019
Wirecard has filed a suit at the Munich regional court against both the FT and its reporter, Dan McCrum, seeking a ruling on the merits of its case. If successful, the company would then press for monetary redress.
Comment: Use the tag cloud to find other articles about Dan McCrum, suspected to be in collusion with naked short sellers.
The payments group had predicted vindication from a special audit — it did not arrive
Dan McCrum and Olaf Storbeck
Financial Times, 29 April 2020
For months Wirecard had confidently predicted that KPMG would vindicate its accounting and deliver a final riposte to its sceptics. Instead, the publication on Tuesday of a report from the accounting firm caused shares in the Dax 30 company to crash 26 per cent as investors learnt that KPMG’s investigators had faced obstacles in their attempts to verify that large parts of the business were real, and publication of full-year results would be delayed again. The shares fell another 7 per cent on Wednesday.