German Parliament To Investigate Wirecard Financial Scandal

Wirecard was once a source of German pride but today it's insolvent and under investigation. The payment processing company is accused of one of the greatest frauds in recent history and no one seems to be able to account for $2 billion. So, who's to blame for the company's collapse? And did the German government ignore red flags about the tech giant?

Guests:

Patrick Boyle
Founding Partner of Palomar Capital Management

Andrew Bulkeley
Business Reporter at The Berliner Zeitung

Jan Bouwens
Professor of Accounting at the University of Amsterdam

[PBoyle]

Thanks for inviting me on the show Ali.

[popularize]

Banning short selling because the insiders had a stake it's absolutely ridiculous - good luck getting a decent reputation in the market now.

[peterbradshaw]

Investors read Charles Mulford's books before you invest. The Financial Numbers Game and Creative Cash Flow Reporting .