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Wirecard Goes Down?

Assuming this is a fraud, it’s amazing how simple it was.  The company said it had the money and it’s independent accounting firm, a reputable firm, did not catch it.

Even more amazing, initial reports suggest that several executives of Wirecard in various parts of the world were in on it.  If you want a fraud to work you tell nobody.  The Madoff ponzi scheme worked for many years because Madoff didn’t tell his wife, his family, his accountant.  But initial reports suggest this is not the case with the Wirecard case.

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