In this podcast episode, Tom Fox and Mikhail Reider-Gordon continue our multipart series on the Wirecard accounting fraud. Today, we take up the issue of fraud in the Wirecard saga.

Some of the highlights include:

  • Did Wirecard ever make money?
  • Was Wirecard even designed to make money?
  • Was it simply a Ponzi scheme??
  • Why BCCI and not Enron was Wirecard’s role model?
  • How could BaFin employees oversee Wirecard while investing in it? (Ans: they couldn’t)
  • What is Round-Tripping fraud and how did Wirecard master it?

Listen below, or on the Compliance Podcast Network Website