4min chapter

Library of Mistakes cover image

EP 10: The Wirecard Criminals (with Dan McCrum)

Library of Mistakes

CHAPTER

What's Going on Inside Wirecard?

In 2010, the market cap of Wirecard was 1 billion. It got to 28 billion by 2013. The company had $30 million worth of fake contracts at a company with $2 billion in annual sales. What they should have looked at were the practices. Why on earth were people inside Wirecard's finance team running around faking contracts and why weren't they all fired immediately?

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