2min chapter

Odd Lots cover image

How to Spot a Fraud When Everyone's Against You

Odd Lots

CHAPTER

Wirkat - What Was the Ostensible Business?

CNN's John Defterios has been following the collapse of wirecud for some time. The company was buying up smaller payment processors in far flung places, and they would buy them in kind of a weird way. What happened when i went and looked at those businesses s actually bought, you could see in sort of local filings or, you know, local press releases that the numbers didn't match what wire cart was claiming for them. And it looked to me like there was accounting torus. They were just using these these acquisitions to play some tricks with the accounting as they bore them,. It's funny, going back til you mentioned that, the original catalist for this was conversation with

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