If questions about the integrity of Wirecard AG’s accounting in its crucial Asian operations are ever to be resolved, Singapore regulators will need to step back and take a long, hard look at James Henry O’Sullivan’s relationship to the Aschheim, Germany–based company. Prosecutors at Singapore’s Consumer Affairs Department have been investigating Wirecard’s fast-growing Asian division, claiming in a March 8 filing that employees in its Singapore office orchestrated a complex, multiyear scheme to inflate the company’s revenue.
June 13, 2019
https://ffj-online.org/2019/06/13/the-pity-of-wirecard-part-two-bezzle-never-sleeps/
Few companies can explain their meteoric growth as alluringly as Wirecard AG. In one preferred narrative, Wirecard presents as Europe’s leading financial technology innovator, a globe-spanning developer of white label code and applications that remove the friction from electronic payments. And in another, it’s a nimble bank, steadily generating low-risk revenue through the sale of integrated banking and credit-card processing services to businesses, and prepaid credit-cards to consumers.
April 15, 2019
https://ffj-online.org/2019/04/15/the-pity-of-wirecard-part-one-olivers-army/
After the Financial Times published a pair of whistleblower-driven exposés that suggested some of Wirecard’s parabolic growth in the Asia-Pacific region resulted from a purported multiyear revenue inflation scheme, anyone wanting to better understand the German payments company’s situation would do well to “follow the money.”
March 19, 2019
https://ffj-online.org/2019/03/19/wirecard-ag-something-is-terribly-wrong-here/
Investors might be shocked to learn what lies behind the recent muscular share price growth of Freedom Holding Corp., a Las Vegas–incorporated bank and securities brokerage with its principal office in Almaty, Kazakhstan. Freedom Holding’s astronomical revenue growth has seemingly made it the fastest-growing financial services company on Earth.
December 14, 2020
https://ffj-online.org/2020/12/14/freedom-holding-corporation-after-borat-the-silliest-kazakh-import-of-the-century/
A high-profile research analyst who identifies and bets on troubled companies has acquired an unusual and perhaps unwarranted amount of influence in the brief period of time he’s been in this line of work.
November 4, 2019
https://ffj-online.org/2019/11/04/fraser-perring-chronicles-of-deceit-part-one/
It is unusual for an investigative reporter to reveal his sources, but to set the record straight I am acknowledging that Fraser Perring was a source in some of my previous Wirecard AG reporting.
November 4, 2019
https://ffj-online.org/2019/11/04/fraser-perring-editors-note/
The Foundation for Financial Journalism, headquartered in Wilmington, North Carolina, has been breaking news and drawing notice around the country.
July 25, 2013
https://ffj-online.org/ffj-in-the-news/