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Wirecard says €1.9bn of cash is missing
- underyx 6y agoInvisibilia, an NPR show, ran an episode last week on a case of Wirecard's onslaught of intimidation and pressure on a short seller looking into shady Wirecard dealings: https://www.npr.org/2020/06/02/868001948/trust-fall https://www.npr.org/2020/06/02/868001948/trust-fall Wirecard's tactics included a disinformation campaign smearing the target's reputation with false accusations, following and photographing the target, sending 'bodyguards' to intimidate the target at his home, and a constant flow of sophisticated phishing attempts.
- jjeaff 6y agoDefinitely a red flag. I can't imagine a legitimate company doing something like that. Although the eBay executives ordeal is close.
- teruakohatu 6y agoIf you don't have an FT subscription: https://www.marketwatch.com/story/wirecard-shares-plunge-after-saying-auditor-cant-find-billions-of-missing-cash-2020-06-18 https://www.marketwatch.com/story/wirecard-shares-plunge-aft...
- the-dude 6y agoNon paywalled for me : https://www.irishtimes.com/business/technology/wirecard-says-1-9bn-of-cash-is-missing-1.4282352 https://www.irishtimes.com/business/technology/wirecard-says...
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- hef19898 6y agoThere were so many fishy things going, I am by no means surprised. When a company starts sueing journalists, in Wirecards case the FT, over negtive reporting, it is a alarm bell. When said comany gets indicted by financial watchdogs and auditors refuse to sign off balance sheets, well, things don't look to good.
- LargoLasskhyfv 6y agoWho cares? Bail them out, like the other banks since 2008, too! Equal rights for all! PEANUTS!
- aspenmayer 6y agoFor those who have trouble with the link: https://outline.com/WwRNkE https://outline.com/WwRNkE