Wirecard: how to find a €2bn hole
We’ll send you a myFT Daily Digest email rounding up the latest Behind the Money news every morning.
In September 2014, the FT’s Dan McCrum received a tip about a fast-growing German fintech group, Wirecard. Over the next couple of years Dan and his colleagues uncovered the secret behind the payment company’s meteoric growth: many of the customers listed in company documents did not exist. In this episode Dan tells the story of the whistleblowers, shoe-leather reporting, hacking, suspected surveillance and legal threats that led to Wirecard’s downfall.
Review clips: CNBC, Deutsche Welle
Further reading:
The double life of Wirecard’s Jan Marsalek https://www-ft-com.ezp.lib.cam.ac.uk/content/511ecf86-ab40-486c-8f76-b8ebda4cc669
Inside Wirecard
https://www-ft-com.ezp.lib.cam.ac.uk/wirecard
Dan’s 2015 story for Alphaville
https://ftalphaville-ft-com.ezp.lib.cam.ac.uk/2015/04/27/2127427/the-house-of-wirecard/
See acast.com/privacy for privacy and opt-out information.
Comments