One biggest scandals in the past hundred years of German business....has been the Wirecard episode. If you tried to sit and listen to the public TV journalists? It would turn into a 30-minute episode and to about half the German population....it'd make little sense.
So, this is my attempt to explain it in six lines:
Wirecard was designed and released in 1999 as this 'follow-on' to Paypal. It was to be a German-based company that processed payments and 'acted' as a bank (holding a license). In design, they were built as a perfect money-laundering vehicle, with money leading to various countries. At some point, 20 years into business, they had an audit and the bank said they had $1.9-billion 'laying around' (in the Philippines). The audit crew went there and found no such money. Then came the end.
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