Business Fraud allegations against MDax group Grenke: The new target...

Fraud allegations against MDax group Grenke: The new target of the Wirecard hunter

Wirecard hunter Fraser Perring is back. The British investor caused a stir in Germany for the first time in 2016 when he accused the now collapsed financial group of fraud, money laundering and falsification of accounts – and at the same time speculated on falling prices. Wirecard, at that time still a darling of the stock exchange, rejected everything and sent Perring private investigators on the neck. The financial supervisory authority Bafin and the public prosecutor’s office investigated market manipulation – not against Wirecard, but against Perring.

All of this has long been history. Wirecard is no longer even a shadow of itself. And Perring, 46, accompanies the decline of the scandal group with satisfaction, mostly via Twitter. His profile picture shows him in knight armor with sword in hand.

Now Perring goes into attack mode again. The former social worker, who has been on a mission as a self-made speculator since 2012, is attacking the next German group: the Grenke Group from Baden-Baden, member of the MDax stock market index, currently worth a good 2.5 billion euros, specializing in leasing, factoring and other financial services.

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