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Wirecard has been accused before of fraud by so called "short sellers". The document published (2 years ago?) showed a tremendous, extraordinary complex network
by pythonwizz 6y ago
Wirecard has been accused before of fraud by so called "short sellers". The document published (2 years ago?) showed a tremendous, extraordinary complex network of international corporations. Such complex setups have a very limited purpose. It can basically be only tax "optimization", hide fraud or hide ownership (UBO). After having seen this PDF I would not touch the Wirecard stock.
By the way, I think Alibaba is opening two new corporations. Per day. You may also want to read at Bronte Capital about Alibaba.
- boldslogan 6y agoCan you remember any keywords to find that pdf or link with the multiple company set up about this? Thanks for the alibaba tip.
- pythonwizz 6y agoNo I dont. Wirecard went very aggressively against the accusations. The discussion board where it was discussed removed the link since Wirecard were suing everybody. Could have been this one, but I am not sure. Just peaked into it and did not see the page with all the interrelated companies. https://www.scribd.com/document/301557004/Wirecard-pdf https://www.scribd.com/document/301557004/Wirecard-pdf