NewsBite

Alex Turnbull, John Hempton and the inexact science of short selling

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.”

Aaron PatrickSenior correspondent

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

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.

Loading...

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Aaron Patrick
Aaron PatrickSenior correspondentAaron Patrick is the senior correspondent. He writes about politics and business from the Sydney newsroom. Email Aaron at apatrick@afr.com

Latest In Equity markets

Fetching latest articles

Original URL: https://www.afr.com/markets/equity-markets/alex-turnbull-john-hempton-and-the-inexact-science-of-short-selling-20230228-p5cob8