Article: EU Watchdog Told To Crack Down After Wirecard Scandal

Article - Media, Publications

EU Watchdog Told To Crack Down After Wirecard Scandal

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”

Article: The Dark Money Secretly Bankrolling Activist Short- Sellers — and the Insiders Trying to Expose It

Article - Media

The Dark Money Secretly Bankrolling Activist Short-Sellers — and the Insiders Trying to Expose It

Michelle Celarier

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.

Article: Wirecard’s Former Billionaire CEO Markus Braun Arrested Over Allegations Of Fraud

Article - Media, Publications

Wirecard’s Former Billionaire CEO Markus Braun Arrested Over Allegations Of Fraud

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”

Subject: Fahmi Quadir

Subject of Interest

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.

Website: https://safkhetcapital.com/

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.

Article: German watchdog updates market manipulation case against Wirecard

Article - Media, Publications

German watchdog updates market manipulation case against Wirecard

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.

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Article: Wirecard Shares Plunge 60% As Auditors ‘Unable To Verify’ $2 Billion In Cash On Its Books

Article - Media

Wirecard Shares Plunge 60% As Auditors ‘Unable To Verify’ $2 Billion In Cash On Its Books

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.

Read full article.

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.

Article: Prosecutors search Wirecard premises in market manipulation probe

Article - Media, Publications

Prosecutors search Wirecard premises in market manipulation probe

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.

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Article: Has Wall Street Stolen $100 Trillion from the American Public? Will Donald Trump Get It Back?

Article - Media

Has Wall Street Stolen $100 Trillion from the American Public? Will Donald Trump Get It Back?

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.

Continue reading “Article: Has Wall Street Stolen $100 Trillion from the American Public? Will Donald Trump Get It Back?”

Article: Germany’s BaFin investigating Wirecard communication ahead of audit publication

Article - Media

Germany’s BaFin investigating Wirecard communication ahead of audit publication

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.

Tweet: Fraser Perring — Liar and Naked Short Seller?

Tweet

Comment: Perring operates Viceroy Research.

Article: Wirecard sues Financial Times over investigative reports

Article - Media

Wirecard sues Financial Times over investigative reports

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.

Article: Wirecard – what KPMG’s report found

Article - Media

Wirecard: what KPMG’s report found

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.

Paywall Access to Full Article.