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Short Seller Rose From Social Work to Steinhoff Win

  • Fraser Perring thrust into spotlight with report on retailer
  • He founded Viceroy Research with two 23-year-old Australians
Bloomberg business news

Secretive Steinhoff Short Seller Is Revealed

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A year before unleashing a damning report that detailed accounting irregularities at Steinhoff International Holdings NV, one of its authors faced a reckoning of his own.

Minutes after Fraser Perring dropped off his 4-year-old daughter at school in December 2016, two men with Eastern European accents trapped him in his Audi. They threatened to harm his family unless he admitted writing extensive reports alleging wrongdoing at Wirecard AG. Frightened, and fueled with adrenaline, Perring lied. He said he had nothing to do with the reports.