Companies that live by selling digital payments, can expect to be looked markedly more in shorter in the future.
It is the consequence of one of the biggest scandals since the Second world War, which these days is framework, the German company Wirecard.
the Company is a so-called fintech company who just lives to providing payments via the web or a credit card. The problem is just that, a revenue of over 14 billion dollars have proven to be a gross fraud.
the Money is not at all, the German authorities consider, that is now getting harsh criticism for having ignored several clear warnings about the company's false accounting.
Interesting story from CNN Philippines https://t.co/JgFfmFSlie— Dan McCrum (@FD) June 29, 2020
It is the false documents, as the journalist Dan McCrum above have shared on Twitter, which helped to select Wirecard.
the Case rolled really, since among other things the journalist Dan McCrum of the Financial Times kulegravede Wirecard.
the Company's and the authorities ' response was a violent denigration of the british finansmedie, which, however, held fast.
For McCrum and his colleagues had, indeed, right that milliarderne does not exist. And the case has now led to the arrest of the company's ceo Markus Braun, in the same way as the Danish Stein Bagger is believed to be the mastermind behind the gigantic fraud.
Very cleverly managed the Braun selling personal shares for over a billion dollars a few days before the company's collapse.
the US division will out
While the Wirecard actually burned to the ground in his native Germany, so try the company's u.s. division, now to get through krisne.
Here, the management has hired a bank to try to sell the division, which is in operation and serving its customers.
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But where were the billions so, according to Markus Braun and his immediate management, who is now also suspected to be accomplices?
A study of alfred nobel was forced to let revionsfirmaet Ernst & Young (EY) to execute, suggesting that the track ends up in Asia.
Here were several banks supposedly have the billions standing on the bank accounts. But the guarantees provided by Wirecard to present, have since proven to be forged papers.
the Journalists from the Financial Times, in the same way as EY documented how the major departments at Wirecard, for example, in Dubai, in the Philippines and in Ireland they were pure pie in the sky.
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There was either very small companies with a few employees, empty and closed companies or dækadresser, which had never been used to operate a business from.
in The coming weeks is expected more arrests, while authorities and the new leadership of Wirecard trying to save the last bits.
You can above see how Dan McCrum of the Financial Times revealed one of the largest German-profile business scandals ever. Video: YouTube
Close to Stein Bagger, ten years after: - Terrible to think back on.