Germany’s long, lonely campaign: Battling Wirecard’s short sellers

FRANKFURT - German authorities pressed on for four years investigating investors who bet against Wirecard AG’s shares, even after a UK regulator concluded that their evidence against the short sellers was “not sufficient,” according to documents and people familiar with the matter.

Just a little over a month after the short-seller report was published in 2016, Wirecard’s lawyers urged Bafin to investigate, saying any help the regulator could “provide to us is very much appreciated.” Bafin confirmed to the company the same day that it was investigating the investors for “market manipulation,” the emails show.

Perring said he heard nothing back until he found out in 2018 that he was under criminal inquiry in Germany. “They persecuted the critics,” Perring said. Munich prosecutors abandoned their case against him this March. German prosecutors have since opened investigations into suspected money laundering, fraud and market manipulation at the company. Markus Braun, the company’s former chief executive, was arrested before being released on bail. Braun’s lawyer did not respond to a request for comment.Germany’s pursuit of short sellers began when Perring’s previously little-known outfit, called Zatarra Research, published its report about Wirecard.

At the time, Bafin also carried out its own investigation, looking into links between illegal online gambling in the United States and Wirecard’s bank, according the agency’s spokeswoman.When the Zatarra report was released, German officials turned their attention to investors, correspondence between Wirecard’s lawyers, Bafin and prosecutors shows.

In the report, Bafin pointed to the fact that Braun, the CEO at the time, had bought shares in the company, illustrating his faith in it. Braun “is convinced of the positive development of his company,” Bafin officials wrote.

В Хабаровске протестующих разгоняют опахалами и павлиньими перьями. Пять дней. В Москве и в Питере эксперимент с переодетыми в ОМОН и Росгвардию десантниками удался. При всего 143-х задержанных восемьдесят тысяч закошмаренных. Вот только бросать против народа армию- преступление.

Hi,you need Virtual Assistant for Web Research and Data Entry Specialist? I am Expert in Data Entry. I have 5 years + experience. I am Professionally work in fiverr. Please visit my profile and order my gig.

johnodonnell21 Let's see, that makes them Hedge Funds?

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Britain showing too little realism over EU talks: German ministerTalks on Britain's future relationship with the European Union will be a major topic of bloc business from September, but until now Britain has shown insufficient realism about what can be achieved, Germany's Europe Minister Michael Roth said. hahahahahaha - we DONT want a deal with you Eurocrats They are waiting for instructions from Donald $ I don't think they get it that Britain is done with the EU.
Source: Reuters - 🏆 2. / 97 Read more »

U.K. Arm of German Retail Giant Otto Group Taps Julien MacdonaldThe designer, known for his slinky knitwear, sparkle and print, has signed a three-year deal with Freemans Grattan Holdings, a division of Otto Group.
Source: wwd - 🏆 24. / 68 Read more »

German court bans Tesla ad statements related to autonomous drivingGermany has banned Tesla from repeating what a court says are misleading advertising statements relating to the capabilities of the firm's driver assistance systems and to autonomous driving, a Munich judge ruled on Tuesday. Court is telling all, that anything Musk asserts should be taken with a ROCK of salt! BOO!
Source: Reuters - 🏆 2. / 97 Read more »

German court rules that Tesla misled consumers on Autopilot and Full Self DrivingTesla mislead consumers on the abilities of its automated driving systems, a Munich court ruled on Tuesday. The biological and chemical weapons produced by the Chinese Communist Party are slaughtering our Loved family and friends , Every retweet you will save more lives, all lives matter❤️❤️❤️💐💐 misleading more than that Haters gonna hate. GM sponsor CNBC?
Source: CNBC - 🏆 12. / 72 Read more »

'Music is hope': A German band takes an American swing at the coronavirusThe Swingin' Hermlins, a German group dedicated to American big band music, vow to play nightly online gigs till the end of the coronavirus crisis. LMFAO!
Source: latimes - 🏆 11. / 82 Read more »

George Floyd and the long battle to defund Chicago's school police'We need counseling, therapists and psychologists,' one student said. 'I see this with my own two eyes.' Why is the focus so much on reducing the police rather than re-orienting the police? They are a necessary public service, and while I understand that there is a reasonable limit to their presence, limiting their resources is not going to help anything. REAL NEWS So I guess they want to make Chicago look even more like a third world African country.
Source: NBCNews - 🏆 10. / 86 Read more »