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Posts tagged as “Al Alam Solutions”

The Wirecard Conspiracy – About short-sellers, fanboys, and vanishing companies

The German Wirecard is something like the drama queen in the international FinTech scene. True to the company slogan "beyond payments", Markus Braun's DAX-listed company reliably delivers spectacular headlines. Most of them are currently negative and are either related to accusations of balance sheet manipulation, compliance problems, or short-sellers. The KPMG audit report presented at the end of April 2020 has caused the Wirecard drama to escalate, again. Since then, the share price has plunged from almost €139 to just under €76. And the drama is far from over, it seems.

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