{"id":560,"date":"2020-07-28T16:50:11","date_gmt":"2020-07-28T16:50:11","guid":{"rendered":"http:\/\/weblog2.com\/b\/?p=560"},"modified":"2020-07-28T16:50:11","modified_gmt":"2020-07-28T16:50:11","slug":"beyond-payments","status":"publish","type":"post","link":"https:\/\/www.andreaswacker.com\/blog\/2020\/07\/28\/beyond-payments\/","title":{"rendered":"&#8220;beyond payments&#8221;"},"content":{"rendered":"\n<p>is Wirecards motto. Those jokers ran a company, and a scheme where they pretended that billions of Euros would be generated by some daughter company in Dubai. That money then was supposedly in the Philippines. Funny that that that division in the middle east was the only part of Wirecard that made all that money. And it was growing. So the Wirecard stock price when up and up. The FT had some articles about stuff being sketchy. I think, no interest to peek behind their paywall. They seem to play the role of Harry Markopolos in this re enactment of the Madoff story: A crisis puts pressure on a Ponzi Scheme until it collapses. Crazy that it is only always one of these that gets exposed. <\/p>\n\n\n\n<p>Not so great is the role of EY KPMG PWC and and Deloitte. Wirecard was running this scheme since 2015. And only in 2020 did KPMG notice. Beyond Responsibility would be a better subtitle for this. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>is Wirecards motto. Those jokers ran a company, and a scheme where they pretended that billions of Euros would be generated by some daughter company in Dubai. That money then was supposedly in the Philippines. Funny that that that division in the middle east was the only part of Wirecard that made all that money. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":561,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20,19],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wirecard&#039;s Collapse: When Fintech Hype Meets Financial Reality<\/title>\n<meta name=\"description\" content=\"Examining the Wirecard scandal: A cautionary tale of fintech ambitions, auditing failures, and the dangers of unchecked corporate growth.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.andreaswacker.com\/blog\/2020\/07\/28\/beyond-payments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wirecard&#039;s 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