Tech: How $2 Billion Goes Missing
- Author
- The Motley Fool
- Published
- Fri 26 Jun 2020
- Episode Link
- https://wherethemoneyis.libsyn.com/tech-how-2-billion-goes-missing
German payments darling Wirecard shocked investors everywhere last week when it announced that the company and auditors could not place over $2 billion in cash the company claimed to have.
Over the days that followed, the true story began to come into picture. In this episode, we unpack the apparent accounting fraud that brought down one of Europe's brightest tech stars and what investors can learn from it.
Stocks: WCAGY
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