Just a reminder that Wirecard was rated “investment grade” by Moody’s until last Friday.

Just a reminder that Wirecard was rated “investment grade” by Moody’s until last Friday. This was after the Company announced the “missing” funds. $WDI.GY pic.twitter.com/RD5VvbckOa

— Diogenes (@WallStCynic) June 26, 2020

Is there any investment they have done in the last 3-5 years which was not crazy. Just wondering how can they afford to keep wasting money like this.

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www.reuters.com/article/us-wirecard-accounts-softbank/softbank-plans-to-sue-ey-over-wirecard-scandal-der-spiegel-idUSKBN23X1A8?il=0

Collusive fraud detection is part of our Platinum package. The Basic package covers only run of the mill frauds.

EY: “Even the most robust and extended audit procedures may not uncover a collusive fraud” t.co/xcO3qP858Z

— Athanassios Diplas (@AthanaDiplas) June 25, 2020