Skandal! Bringing Down Wirecard
Upstart payment firm Wirecard wowed the financial industry with its runaway success — until a tenacious team of journalists exposed massive fraud.
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Upstart payment firm Wirecard wowed the financial industry with its runaway success — until a tenacious team of journalists exposed massive fraud.
Wirecard: a beacon of hope for Germany's future industries. A FinTech with a dark mucky past and a grandiose future. A company that was set to take over Deutsche Bank in 2019. Until the marvel collapses as a tissue of li
Small investors lose their savings, fund managers lose their reputation, financial regulators lose their credibility—the Wirecard bankruptcy has sent shockwaves through the financial market.
Once celebrated as a DAX star, Wirecard collapsed amid revelations of falsified balance sheets and phantom revenues. Accused of fraud, embezzlement, and market manipulation via a whistleblower’s testimony, the firm’s dow