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  "docSlug": "062cb2b9b6a4",
  "documentTitle": "Nuvei Corp (NVEI)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-12-09 00:00:00",
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  "notes": "Uses red arrows to connect specific executive allegations to the broader narrative of corporate malfeasance.",
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      "kind": "callout",
      "text": "Nuvei's CFO and Chief Corporate Development Officer Have Biographies That Conspicuously Fail To Disclose Prior Executive Roles That Would Link Involvement To Illegal Activity At Optimal / FireOne Group",
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      "kind": "callout",
      "text": "Allan Lacoste A Top Nuvei Executive and EVP of Partnerships Mysteriously Left Nuvei Along With Its Senior Legal Counsel. Lacoste Was Referenced In An Alleged $100M Fraud",
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      "text": "Details regarding David Schwartz and Neil Erlick's history at Optimal Payments/FireOne Group and the subsequent $19.2M forfeiture settlement.",
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      "text": "Details regarding Allan Lacoste's alleged involvement in a $100M fraud and the unexplained departure of him and the Senior Legal Counsel.",
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      "text": "downside risk: 40% - 60%",
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      "kind": "quote",
      "text": "The U.S. Attorney's office later reached a settlement with Optimal, which \"agreed to forfeit approximately $19.2 million in criminal proceeds derived from processing payments for illegal Internet gambling for its Firepay electronic wallet.\" — U.S. Attorney's Office",
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      "text": "Spruce Point Estimates 40% - 60% ($39 - $58/sh) Downside Risk To Nuvei Corp (NVEI) Share Price",
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