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$2 Billion That Never Existed

Germany's most valuable tech company was a $20 billion fraud run out of a Philippines call center.

Wirecard was valued at twenty-four billion euros with a seat on Germany's blue-chip stock index. In 2019 the Financial Times published whistleblower documents showing forged contracts and phantom revenue. The company blamed journalists. German regulators investigated the reporters. In June 2020 Wirecard admitted two billion euros simply did not exist. The CEO was arrested within days. The auditor had signed off for three years without verifying bank statements.

Видео $2 Billion That Never Existed канала Shadow Profit
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