Alex Turnbull, John Hempton and the inexact science of short selling
When hedge fund manager John Hempton became suspicious of Wirecard, little did he imagine a part in uncovering the “biggest fraud in German history.”
Around 2014, Alex Turnbull was asked by a professional Sydney investor, John Hempton, if he would inspect a Jakarta office.
Hempton, a former Treasury economist, wasn’t looking for real estate. He was investigating fraud. The office was owned or leased by Wirecard, a young company that would be hailed as Germany’s equivalent of PayPal.
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