Money Men - The Collapse of Wirecard with Dan McCrum

Jul 22, 2022

Ask episode

Chapters

Transcript

Episode notes

On todays episode of the WTFinance podcast I spoke with Dan McCrum - multi-award winning journalist at the Financial Times and author of the recently released book "Money Men: A Hot Startup, A Billion Dollar Fraud, A Fight for the Truth".

On the podcast we talked about how Dan was involved in the story, what was Wirecard, how it became the tech darling of Germany and EU, how the fraud was discovered and the fallout of the whole situation. I hope you enjoy!

Buy the book here - https://uk.bookshop.org/books/money-men-a-hot-startup-a-billion-dollar-fraud-a-fight-for-the-truth/9781787635043

0:00 - Introduction
0:25 - Influence for writing the book?
1:20 - Dan involved in the story
3:50 - What is Wirecard?
6:15 - Jan Marsalek
7:30 - How did Wirecard go from a dot.com bubble to the Tech darling of Germany and EU
9:25 - National and Investor support
10:45 - When did you realise there were issues with Wirecard?
13:25 - Missing money in the Philippines
17:00 - Did they discover the fraud during that visit?
18:45 - Shocked when you heard of collapse of Wirecard?
21:25 - What has been the fallout?
22:40 - Jan Marsalek the person they have been blaming?
23:30 - One message to takeaway from the book/interview?

Dan McCrum is multi-award winning journalist and author. In 15 years at the Financial Times he has covered business and finance from New York and London, helping to uncover fraudulent accounting at several listed companies. He is currently a member of the investigations team, and his reporting on Wirecard was recognised with more than a dozen awards and prizes, including journalist of the year at the 2020 British Press Awards.

Dan got a taste for newsprint as a paperboy in his family’s newsagent. Before becoming a journalist he tried his hand at painting and decorating, selling cook books door-to-door, and learned a thing or two about finance in the research department of an investment bank. He lives with his family in St Albans.

Dan McCrum -

Website - https://danmccrum.com/
Twitter - https://twitter.com/FD?
LinkedIn - https://www.linkedin.com/in/dan-mccrum-b985a47/

WTFinance -

Instagram - https://www.instagram.com/wtfinancee/
Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfn
TikTok - https://vm.tiktok.com/ZMeUjj9xV/
iTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4
Linkedin - https://www.linkedin.com/in/anthony-fatseas-761066103/
Twitter - https://twitter.com/AnthonyFatseas