HALISTER1: Wirecard Falls; FT Alphaville Cites Negative Zatarra Report

Wirecard Falls; FT Alphaville Cites Negative Zatarra Report

(Bloomberg) -- Wirecard drops as much as 18%, most since March 2010, following negative Zatarra report cited by FT Alphaville.
  • Report raises questions about oversight, strength of anti- money laundering controls, type of business Wirecard conducts, relationships with what appear to be undisclosed subsidiaries and companies controlled by current and former employees: FT
  • Wirecard didn’t immediately respond to phone call and e-mail
  • FT Alphaville links to report on website with no contact information, Zatarra didn’t immediately respond to e-mail seeking contact
  • Trading vol. ~2x of 3-mo. daily avg.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
WDI GR (Wirecard AG)

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