It did not take long for Leo Perry to conclude that something deeply suspicious was going on at Wirecard. “What was really weird was how well documented it was,” said Mr Perry, who co-runs Ennismore Fund Management.
What he never expected, however, was that it would take six years for the rest of the world to cotton on, or that he could be spectacularly vindicated yet still barely profit from his work.
As Wirecard morphed from a stock market curiosity into a financial technology group more valuable than Deutsche Bank, time and again it sidestepped questions and smeared its critics.
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