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It wasn't just short sellers. Journalists at the Financial Times were also harassed and threatened, including by the German authorities, for their skeptical rep
by AndrewBissell 6y ago
It wasn't just short sellers. Journalists at the Financial Times were also harassed and threatened, including by the German authorities, for their skeptical reporting on Wirecard. There were absolutely abysmal performances by German regulators, Ernst & Young auditors, and the vast majority of the financial media, who ran cover for the fraud long past the point where it became pretty obvious.
- hef19898 6y agoThe fact that Wirecards claims against the FT weren't laughed out of court, well at the front door, is just stunning. I guess Germany was just happy to have a high profile, highly successful FinTech. And that resulted in some reluctance to look too closely. Not acceptable, either way.