{
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  "docSlug": "062cb2b9b6a4",
  "documentTitle": "Nuvei Corp (NVEI)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-12-09 00:00:00",
  "orientation": "landscape",
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  "pageNumber": 15,
  "pageCount": 119,
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  "nextPage": 16,
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  "notes": "Uses a red-bordered callout box to emphasize the contradiction and the criminal record finding.",
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      "kind": "callout",
      "text": "CEO Fayer had an interest in racing cars with PaySystems sponsoring his car. Using the Wayback Machine, we find his biography listed on the Toyota Atlantic race series from 2003 -2004. On this biography, which was public during the same period his corporate biography said he had already graduated from schools in Montreal and Michigan, it says he attended college in West Palm Beach, Florida. If this were incorrect, why wouldn't Mr. Fayer have corrected it over the span of 18 months? A review of Palm Beach County court public records reveal that a Philip Fayer was arrested in a criminal traffic case in 1998.(1)",
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    {
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      "kind": "callout",
      "text": "If this were incorrect, why wouldn't Mr. Fayer have corrected it over the span of 18 months? A review of Palm Beach County court public records reveal that a Philip Fayer was arrested in a criminal traffic case in 1998.",
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      "subkind": null,
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      "kind": "image",
      "text": "Racing car photos",
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      "kind": "paragraph",
      "text": "Experience\n2004 Outlook\nFayer returns to the Toyota Atlantic Championship for a second year of competition. He joins Polestar Racing Group and will team with rookie Jonathan Bomarito.\n2003\nMade his Toyota Atlantic debut with Starwood Team Jensen. In eight starts, posted a best finish of ninth at Toronto and also had a top-10 result with a Trois-Rivieres. Top start of 12th came at Portland. Finished 16th in the final point standings.\nEarly Career\nFayer has experience in numerous open-wheel race cars, including Formula 2000, Formula 1600 and Skip Barber cars. Fayer recently contested a hectic fall and winter season in the SCCA national competition with Jensen Motorsport, showing great promise with multiple race wins and pole positions.\nFayer is Canadian, single, and enjoys fast cars, business, and world travel. His family heritage is Canadian, Belgian and Canadian, and Fayer attended college in West Palm Beach, Florida.",
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      "kind": "source-note",
      "text": "Source: Wayback Machine. ToyotaAtlantic.com driver profile, May 2003 to October 2004. Red emphasis Spruce Point\n1) Public interest search of Palm Beach Florida Court Records",
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      "kind": "title",
      "text": "Fayer’s Racing Biography (2003 – 2004) Says He Attended College In West Palm Beach, Florida After His Other Biography Says He Had Already Attended And Graduated From Two Other Universities",
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      "kind": "title",
      "text": "Schooling In West Palm Beach And Criminal Arrest Record In Palm Beach County, Florida",
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      "matchId": "48786c4a-8e57-4897-987e-e472403911bf",
      "evidence": "The slide explicitly links a biographical inconsistency to a criminal record search to cast doubt on the CEO's integrity.",
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      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "The villain (Nuvei Corp)",
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      "evidence": "The deck critiques Nuvei's CEO and CFO, highlighting their past controversies.",
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