The Wirecard Fraud - How One Man Fooled all of Germany

The heavily requested video on the wirecard scandal. How can $2 billion just go missing? This story raises many questions about the regulatory bodies we all trust to keep the business financial system in line.

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Script by Fil Zivko

Sources:

//Soundtrack//

Vesky - With You

A Zed And Two L's - Fila Brazillia

BUCK UK // Once

Frost - We Call It House

Nico De Andrea, Syon - Wish We Could (ft. Darla Jade)

Synkro - Midnight Sun (Helios Remix)

Burn Water – She Shines

Producer: Dagogo Altraide

Why are you still reading?

[vincentguttmann]

One suggestion: Add the date of TV interviews and other video snippets to make some things a bit clearer.

[barfymann]

Softbank Logic: "You're charismatic, here take my money!"

[orangebottle]

Journalist: "So wtf is going on with wirecard?"
CEO: "Uh we are very much like innovation"

[yannikhornschemeyer]

What I' ve learned form Wirecard and Theranos: If a CEO thinks he/she is the next Steve Jobs, he/she is probably quite the opposite

[dylanblomme]

I can only imagine how amazing his neighbors felt after the man that was “going to buy your apartments” went bankrupt lmao

[AmmarTaicho]

Softbank: Oh, you wear Steve Jobs clothes (turtleneck)... take a billion.

[saltylad]

"Machine learning" i.e. Excel spreadsheet. lmao

[PbVeritas]

In case you did not know: Braun isnt german, he is austrian... Seems like Austria has a habit of stirring up Germany

"how one man fooled all of Germany"... well, not the 1st time that happens.

[tie_]

Very good point, this company was audited for 8 years in a row by big 4 firms and the found nothing. Makes me question their competence.

[Jackisaboss]

Worked for Bosch when the Dieselgate scandal hit. Currently working for the EY Assurance business, I swear these scandals follow me

[EngineeredFemale]

I am a CEO of a company and I wear Steve Jobs like clothes...
Soft Bank: Say no more fam!!

[iamdmc]

Good rule of thumb: if softbank invests in it, sell.

[TESkyrimizer]

Financial times: "So why did you list a fake branch office in the Phillipines?"

Wirecard: "something something ARTIFICIAL INTELLIGENCE"

Softbank: "sounds like a solid deal to me"

[RAZR_Channel]

Whenever I hear someone called a "Genius" or "Visionary"... I'm like : Ok we'll see about that...

[erikledmad]

If the CEO of a company dresses like Steve Jobs they immediately should be investigated

[fitfogey]

I find it more impressive that instead of AI, employees used excel to do something proficiently.

[ivormonaco]

I'm impressed at how slick and professional this channel is. Its reports are as good as anything I've seen on the best known international TV stations. Congratulations!

[mvmv-pnzt]

It’s amazing how often all these smart people in the finance industry fail to spot crooks.

[DutchManticore]

"He would even take out large loans with his shares as collateral"

Even?! That's absolutely a bog standard way of raising cash for equity billionaires