Wirecard Financial News

In an email seen by Investment Week, Toby Clothier, founding partner of Chameleon Global Capital Management alongside Neil Campling, wrote to investors: «As some of you may know, we returned all our investors' funds and have closed the Chameleon Global Master fund due to it being too small to be viable, despite our best efforts.» Wirecard critics Neil Campling and Toby Clothier launch hedge fund The duo founded Chameleon in May last year, a hedge fund under the umbrella of Ronit Capital. Campling and Clothier have previously worked together at Mirabaud Securities, where they took a...

SEBI chairperson Madhabi Puri Buch's involvement in the obscure offshore entities in siphoning case. «Group has absolutely no commercial relationship with individuals or matters mentioned,» Adani said reacting to recent Hindenburg report. The Adani Group also rejected these allegations against the company and reiterated that its overseas holding structure is fully transparent.

Hindenburg Research as “baseless ”, Sebi chief Madhabi Puri Buch and her husband Dhaval Buch today said the US-based short-seller is resorting to character assasination in response to a show-cause notice issued by the regulator in the Adani controversy. “It is unfortunate that Hindenburg Research against whom SEBI has taken an Enforcement action and issued a show cause notice has chosen to attempt character assassination in response to the same,” the husband-wife duo said in a late night statement.

BERLIN—Soon after payment-processing giant Wirecard reported in June 2020 that nearly $2 billion had gone missing from its balance sheet, its chief operating officer Jan Marsalek boarded a private jet out of Austria. After a landing in Belarus, he was whisked by car to Moscow, where he got a Russian passport under an assumed name. Western intelligence and security officials now say they have reached the unsettling conclusion that Marsalek had likely been a Russian agent for nearly a decade.

NEW YORK (Reuters) — A U.S. court on Thursday sentenced an Israeli private detective to 6-2/3 years in prison for organizing global hacking campaigns against thousands of people including climate change activists and critics of German company Wirecard.

London | UBS executives have chosen EY for one of the world’s most lucrative banking audit contracts after deciding to retain the big four firm following the bank’s takeover of Credit Suisse.

Short-seller Fraser Perring has launched High Court proceedings against law firm Jones Day and investigation agency Kroll over their work for collapsed payments firm Wirecard.

EY Germany has reportedly been banned from taking on new audits for major companies for two years by the German accounting watchdog Apas over the Wirecard scandal.

According to the SEC, between 2019 and 2022, Ellison, at the direction of Bankman-Fried, furthered the scheme by manipulating the price of FTT, an FTX-issued exchange crypto security token, by purchasing large quantities on the open market to prop up its price. In doing so, Bankman-Fried and Ellison caused the valuation of Alameda’s FTT holdings to be inflated, which in turn caused the value of collateral on Alameda’s balance sheet to be overstated, and misled investors about FTX’s risk exposure.In addition, from at least May 2019 until November 2022, Bankman-Fried is said to have raised billions of dollars from investors by falsely touting FTX as a safe crypto asset trading platform with sophisticated risk mitigation measures to protect customer assets and by telling investors that Alameda was just another customer with no special privileges; meanwhile, Bankman-Fried and Wang improperly diverted FTX customer assets to Alameda.

If you are feeling nervous about the state of the financial world, I have a suggestion: don’t read Money Men, the new book on the Wirecard fraud by the FT’s Dan McCrum. It will make you even more anxious.