WireCard!!

[Gitaro]

I read somewhere that wirecard claimed some €1 billion was held by a Sgp company. This is very strange as our CAD can easily dig out if the euros were indeed there in Sgp account. So far I read there were no euros Transmitted here. All paper fraud. And the said Sgp company is a service office only.

 

[RedsYWNA]

That might not work.

https://news.bloombergtax.com/finan...k-for-wirecard-bank-statements-for-3-years-ft

Well, I would say it's next to impossible for EY not to get a bank confirmation for a euro 1 billion cash balance. Everyone in the team would kena, from juniors to partner.

It's likely under some complicated trust arrangement, thus hampering EY's capability to get a direct bank confirmation.

 

[livingcharsiew]

how come inside accountant never whistleblow ?

 

[koreanlover]

Wah!

 

[bakuten]

Wah!

this is the new in thing

 

[reddevil0728]

day high of 4.0485

 

[koreanlover]

Wirecard can resume regulated activity in UK

https://www.fca.org.uk/news/news-stories/requirements-imposed-wirecard-authorisation

5.40 EUR now!

 

[trailblaze]

why is it rising when it is collapsing?

 

[Shiny Things]

why is it rising when it is collapsing?

Couple of possible reasons:
1) Everyone who was short from >100 EUR is covering their shorts now that it’s bankrupt;
2) Everyone who shorted it at 2 EUR when they announced bankruptcy is getting their nuts squeezed and capitulating;
3) Idiot Robinhood punters (or whatever the European equivalent is) buying it for a punt and thinking they’ll be able to get out before it gets liquidated.

Either way, you don’t want to get involved. Wirecard is headed for the plughole.

 

[hclee01]

https://www.straitstimes.com/busine...recard-to-cease-payment-services-in-singapore