{
  "docId": "019dd923-622c-750b-8b99-265d3ab25ee2",
  "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",
  "aspectRatio": 1.3333334,
  "pageNumber": 60,
  "pageCount": 119,
  "prevPage": 59,
  "nextPage": 61,
  "slideType": "expose_contradiction",
  "function": "expose_contradiction",
  "density": "dense",
  "nDataPoints": 0,
  "notes": "Uses red underlining and red boxes to highlight incriminating text and connections.",
  "elementsJson": [
    "headline_text",
    "callout_box",
    "paragraph",
    "screenshot"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b99-265d3ab25ee2/60",
  "deckHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-265d3ab25ee2#slide-60",
  "components": [
    {
      "bbox": {
        "h": 0.15,
        "w": 0.27,
        "x": 0.71,
        "y": 0.68
      },
      "kind": "callout",
      "text": "Carlos Wanzeler fled the country to Brazil upon learning of the federal charges filed against him. There is currently a federal warrant for his arrest (Source: US DOJ)",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0ef6686b-c24f-476b-bd99-dd7230a417c1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.93,
        "x": 0.05,
        "y": 0.17
      },
      "kind": "callout",
      "text": "Why did Nuvei buy both Base Commerce and Vantage Payments? Both businesses had relationships with each other (and with Nuvei), and both executives facilitated business between TelexFree (Ponzi Scheme) and Allied Wallet (charged with fraud for abetting business among multiple fraudulent companies).",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d9d7c258-096b-499f-8455-916c682293f5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.65,
        "x": 0.05,
        "y": 0.68
      },
      "kind": "image",
      "text": "Email snippet from New Apps to Carlos regarding Allied Wallet Approval/Integration",
      "attrs": null,
      "subkind": "screenshot",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0cac1a84-3c4a-4c73-9dfe-6de0b2e0888f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.65,
        "x": 0.05,
        "y": 0.29
      },
      "kind": "paragraph",
      "text": "In July 2013, Base Commerce (then known as Phoenix Payments) was a Payment Processor... Defendant John Hughes was an executive of Base Commerce in charge of the TelexFree account... Dustin Sparman, as a member/manager of Vantage Payments, had an ongoing business relationship with Hughes and Base Commerce.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3c649a11-ad53-4da9-b3ec-6c3fc7a09217",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "Carlos Wanzeler fled the country to Brazil upon learning of the federal charges filed against him. There is currently a federal warrant for his arrest — US DOJ",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd952-e6ea-711e-a3e8-5e8beb94276b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.15,
        "x": 0.05,
        "y": 0.96
      },
      "kind": "source-note",
      "text": "Source: legal case filings",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9ca46c26-b16e-4203-a854-aacc73fa45f4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.65,
        "x": 0.31,
        "y": 0.02
      },
      "kind": "title",
      "text": "Legal Filings Show Base Commerce And Vantage Payments Had A Business Relationship And Worked With TelexFree",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a39d8823-cb2f-4a1e-9eb2-b6bf21caea5e",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "fraud-exposure",
      "slug": null,
      "matchId": "e5b62b88-b7c2-4164-af26-4b6e552e0c89",
      "evidence": "The slide explicitly links corporate entities to a known Ponzi scheme and highlights criminal flight.",
      "confidence": 0.95
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}