The Rise and Fall of Wirecard

This chapter explores the dramatic collapse of Wirecard, a key player in Germany's electronic payments landscape, following a multi-billion euro fraud scandal. It scrutinizes the roles played by the company's CEO, whistleblowers, and short sellers, highlighting the tension and misinformation surrounding the situation. The implications of the scandal on Germany's financial system are discussed, along with potential reforms needed to restore trust and oversight in financial regulations.