Discussion

• @db @db on x

  How do you even misplace $2B? 🧐 https://twitter.com/... https://twitter.com/...

• @bbwsj B. Benoit on x

  When the @FT first got onto this, many in the German establishment took Wirecard's side. Hopefully, this news will now spark a bit of soul-searching here https://www.wsj.com/... via @WSJ

• @aaronklein Aaron Klein on x

  I've made a few boo-boos in my time as a CEO, but at least I've never misplaced $2 billion dollars in a fake bank account in the Philippines. 😂 https://twitter.com/...

• @humenm Neil Hume on x

  Things are moving very fast now. Wirecard chief quits as crisis deepens https://www.ft.com/... via @financialtimes

• @stevepersonally Stephen Page on x

  Just what the Germans need. I wonder how much they are into the German banks for? https://twitter.com/...

• @richardbistrong Richard Bistrong on x

  #Wirecardchief quits as crisis deepens https://www.ft.com/... by @OlafStorbeck, @FD, @JohnReedwrites & @stef_palma via @financialtimes Is there something about black turtlenecks that is a forbearer of bad news to come, e.g. @theranos CEO Holmes. And the new #CCO is now the CEO

• @kadhim @kadhim on x

  Wirecard's chief executive is out. The years and years over which this story has run is a testament to the failure of the company's auditors, lawyers and regulators to ask any tough questions https://www.ft.com/...

• @thomas_m_wilson Tom Wilson on x

  This story gets wilder and wilder - Wirecard chief quits as crisis deepens https://www.ft.com/... via @financialtimes

• @financialtimes @financialtimes on x

  Just in: Wirecard's chief executive Markus Braun has resigned with immediate effect. Shares in Germany's once high-flying payments group have crashed 80 per cent in two days of chaotic trading https://www.ft.com/...

• @groomb Brian Groom on x

  Result of great reporting in face of huge hostility from company, regulator and German press. https://www.ft.com/...

• @mdudas Mike Dudas on x

  Wirecard CEO is out, close to $25 billion in market cap has evaporated since August 2018, literally looks like a cryptocurrency chart. And this is in a deeply regulated system in a highly cautious country. Imagine what's under the covers everywhere else. https://ft.com/... https:…

• @ericgarland Eric Garland on x

  As a bank CEO, I should think proving the *existence* of $2 billion cash should sound like trying to prove Bigfoot pilots UFOs, y'know? https://www.wsj.com/...

• @wsjmarkets @wsjmarkets on x

  Fintech giant Wirecard's troubles intensify after two banks in the Philippines meant to be holding over $2 billion on behalf of the company said they don't have the cash and never did https://www.wsj.com/...

• @grogow Geoffrey Rogow on x

  This story is just starting and the repercussions for auditors, regulators and lawyers will be vast. https://twitter.com/...

• @khalafroula Roula Khalaf on x

  In December, the FT reported that so-called escrow accounts, controlled on behalf of Wirecard and certain partners by trustees, had been used to boost the group's cash balances. https://www.ft.com/...

• @matigary Mmatigari on x

  Paragons of virtue. How does €2bln go missing? 🤷🏽‍♂ ️ Wirecard says €1.9bn of cash is missing https://www.ft.com/...

• @elidourado Eli Dourado on x

  Imagine misplacing $2B https://www.theblockcrypto.com/ ...

• @cointelegraph @cointelegraph on x

  Fraud allegations within WireCard could be problematic for many crypto debit card issuers, notably https://crypto.com/ https://cointelegraph.com/...

• @kadhim @kadhim on x

  Vindication for @FD after years of dogged reporting in the face of extraordinary hostility, not just from the company and the German press, but even German regulators: Wirecard says €1.9bn of cash is missing https://www.ft.com/...

• @tbraithwaite Tom Braithwaite on x

  Wirecard, one of Europe's hottest tech companies, says its auditors cannot find €1.9bn of cash. Shares collapsed. Big questions for Ernst & Young, which has previously signed off the accounts. Comes after dogged and fearless reporting from @FD and co. https://www.ft.com/...

• @ahcastor Amy Castor on x

  A special audit has found $2 billion missing from German payments giant Wirecard. This is why 3rd-party audits are so important. You never quite know what is going on behind the scenes without them. https://www.ft.com/...

• @el33th4xor Emin Gün Sirer on x

  Debit card issuer is missing $2B. What the reporting doesn't make clear is whether the missing $2B has claims on it, or if they “just” inflated their holdings with fictitious users. https://cointelegraph.com/... via @cointelegraph