EP 10: The Wirecard Criminals (with Dan McCrum)
Library of Mistakes
How to Catch a Wirecard Fraud?
The money would move in a circle. How did the auditors miss this? I think they staggered their ear heads to make sure that this money could appear at everyone's balance sheet in sequence. It's quite a tricky thing the way wirecard had structured it because each country had a different audit firm. One of those was a treasurer in Singapore who said, hang on a second, this all looks a bit dodgy to me. And that person was the one who raised the alarm internally, which led to the whistleblower getting in touch with me. So I'd be surprised if the auditors pick up that sort of thing. But the more staff you involve, the harder it becomes to hide
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