The Short Leaks

A TRUE STORY OF CRIME, FAKE NEWS AND GREED.

The Golden Tapes

 
On Wednesday, July 17th 2019 British insider traders Nick Gold and Jonathan Dennis invited an investor to their their offices at 4-7, Manchester Street, London to discuss a unique business opportunity. They were offering the investor the opportunity to participate in a "safe bet", a short trade against the German publicly listed company Wirecard AG.

With a market capitalisation of EUR 20bn at the time and employing nearly 6,000 staff, the company is among Europe's largest fintechs. The company has repeatedly been the subject of various allegations of impropriety in articles by the Financial Times. Each article was preceded by an uptick in short positions on the stock and then followed by a sharp drop in the company's stock price.

Unfortunately for Nick Gold and Jonathan Dennis the investor recorded the whole conversation and handed it over to the authorities in the UK and in Germany. In their pitch to the investor, Gold and Dennis bragged that they had traded successfully in anticipation of two previous articles by the Financial Times and that they knew about another negative article coming out "tomorrow, probably Friday at the latest - but I [Gold] think tomorrow".

This website will release more information about the intimate collaboration between criminal short sellers, some journalists and a variety of anonymous websites.

Quoted from a conversation on Wednesday, July 17th 2019 - the day before a planned publication by the Financial Times.
Once upon a time in Manchester Street, London...
 
Investor So they've got another article coming out tomorrow or the day after?
Nick Gold Well, I think it could be tomorrow, listen you never know exactly... The reason it’s not insider trading is that you don't really know the full content of the article, and articles get pulled, it gets delayed.
Jonathan Dennis That, what I just told you about legal advice, that is the categoric thing I need to advocate, is that you don't know for sure that at 3:15 on Thursday afternoon it is coming...

Quoted from a conversation on Wednesday, July 17th 2019 - the day before a planned publication by the Financial Times.
 
Can't believe it? Listen for yourself:
You can't get a better avenue here...
 
Jonathan Dennis And the other thing is given our source, there’s lots more to follow. And you can't get a better avenue here.
Investor Okay, that's the source from the Financial Times, I take it?
Jonathan Dennis He’s the head of the investigation department.

Quoted from a conversation on Wednesday, July 17th 2019 - the day before a planned publication by the Financial Times.
 
Can't believe it? Listen for yourself:

A déjà vu...?

 

Back in 2016, a then mysterious research outfit named "Zatarra" published a list of allegations against the publicly listed German fintech Wirecard AG. Accusing Wirecard of money laundering, falsification of accounts and a variety of other alleged misdeeds, Zatarra published its allegations using an anonymous website.

Dan McCrum, a journalist at the Financial Times in London, achieved the incredible deed of finding, reading and verifying Zatarra's claims within minutes of the report's publication and then wrote and published his own article only minutes thereafter.

A disgruntled accomplice apparently leaked Skype, Signal, Twitter and SMS communication between the individuals behind Zatarra. It revealed that British insider traders Matthew Earl and Fraser Perring were behind the Zatarra website and that their sole purpose was to make a profit by illegally manipulating the share price of a publicly listed company. It also proves how a single journalist at the Financial Times was an instrumental accomplice in their criminal scheme.

Two years later, in December 2018, public prosecutors in Munich, Germany have issued a penalty order seeking to fine Fraser Perring for manipulation of Wirecard’s share price.
His accomplices managed to get away - for now.

Leak it, Zatarra!


Download the entire Zatarra Leaks document here.

 

Despite Perring's high hopes, no other newspaper collaborated with Zatarra.
Zatarra was forced to default back to the Financial Times.

No evidence of collusion...?

 

After the Handelsblatt daily reported that evidence was given to German prosecutors proving collusion between short sellers and employees of the Financial Times, the Financial Times hired law firm RPC in July 2019 to review its reporting about Wirecard.

For further details read this article by Handelsblatt:

https://www.handelsblatt.com/finanzen/banken-versicherungen/zahlungsdienstleister-tonbandaufnahmen-machen-wirecard-streit-mit-financial-times-zum-beispiellosen-krimi/24687366.html

During the investigation Dan McCrum refused to collaborate with RPC and to provide access to his Protonmail account or his Signal encrypted messenger app.

The Financial Times said on October 3rd, 2019 that the independent investigation of its coverage of Wirecard had found no evidence that its reporters had colluded with speculators.

Contact us

 

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theshortleaks@protonmail.com