Fahmi Quadir’s Safkhet Capital is Still Short Wirecard

The German fintech company has been plagued by fraud allegations, but it’s still soaring this year.

(Krisztian Bocsi/Bloomberg)

(Krisztian Bocsi/Bloomberg)

Ever since Wirecard, the controversial German digital payments provider, recently tapped a former Deutsche Börse CFO to be its new chairman in the wake of mounting accounting scandals, the stock of the popular short has been soaring.

But that hasn’t deterred short sellers like Safkhet Capital founder Fahmi Quadir, who confirmed she is still betting against the company.

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