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The Wirecard Implosion: Missing Billions, Corporate Spies, and the Fugitive COO

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In this episode of pplpod, we dive into the spectacular collapse of Wirecard, the German payment processor that fell from being a prestigious DAX stock index member to insolvency in a matter of days. We examine how a company founded in 1999—initially processing payments for gambling and pornography sites—grew into a fintech giant before crashing down amidst one of the largest financial scandals in history.

Join us as we cover:

• The Missing Money: How Wirecard admitted in June 2020 that €1.9 billion in cash was missing from its accounts—money the board later admitted likely never existed.

• The Executives: The fate of CEO Markus Braun, who was arrested and charged with fraud and accounting manipulation, and the mysterious COO Jan Marsalek, who was fired and remains a fugitive on Europe’s Most Wanted list.

• The "Zatarra Report" & The Financial Times: The years of allegations regarding money laundering and falsification of accounts, including the pivotal investigations by the Financial Times and the aggressive legal retaliation Wirecard launched against journalists and short sellers.

• Hacking Critics: The disturbingly aggressive tactics allegedly used to silence dissent, including reports that a hacker-for-hire group dubbed "Dark Basin" targeted critics, hedge funds, and journalists for years.

• The Whistleblower: The role of Pav Gill, the senior legal counsel in Singapore who eventually revealed himself as the source exposing the massive fraud.

Tune in to understand how auditors like KPMG and EY were involved, why the German regulator BaFin banned short-selling the stock, and how €1.9 billion simply vanished.

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Jaksot(16184)

The Art of Adult Friendship: Why Quality Matters More Than Quantity

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore how our understanding of friendship changes as we grow old...

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Summer Explained: The Science, History, and Traditions of the Warmest Season

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7 Marras 18min

Sir Patrick Stewart: From Shakespeare to Star Trek, the Life and Legacy of a Legend

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore the extraordinary life of Sir Patrick Stewart, the acclaim...

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Larry David: The Genius of Social Awkwardness, Seinfeld, and Curb Your Enthusiasm

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore the life and career of Larry David, the comedian, writer, ...

6 Marras 38min

Why Australian Shepherds Aren't From Australia

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore the history of the Australian Shepherd, an intelligent, en...

5 Marras 45min

Labrador Retriever: From Newfoundland Fishing Dogs to Modern-Day Heroes

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore the remarkable history of the Labrador Retriever, one of t...

4 Marras 53min

Discovering Ireland: A Journey Through History, Culture, and the Wild Atlantic Way

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore Ireland through the philosophy of slow travel: go slower, ...

3 Marras 48min

Willie Hutch: An Overnight I'll Be There Lyric and The Mack's Soundtrack

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!William McKinley Hutchins was born in Los Angeles in December 1944 and raised in Dallas, where h...

2 Marras 21min