But this big pile of documents, which showed all these dealsWirecard had done in Asia, and...
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But this big pile of documents, which showed all these deals
Wirecard had done in Asia, and something about them
just seemed a bit off, that they didn't quite seem real. Outside of Europe,
we see a growth of 25% strongly driven by new regions,
by developing regions of Asia. Wirecard didn't appear
to grow by adding customers, like Spotify might add subscribers. It was buying its growth
by buying businesses, mostly in Asia. But, basically, the numbers don't add up. I tried to talk to Wirecard. They were like, "We're very busy dealing
with our results. We can't talk to you." Normal companies don't do that
when Financial Times knocks on the door. So, I persisted. Eventually, they put Markus Braun
on the phone
Wirecard had done in Asia, and something about them
just seemed a bit off, that they didn't quite seem real. Outside of Europe,
we see a growth of 25% strongly driven by new regions,
by developing regions of Asia. Wirecard didn't appear
to grow by adding customers, like Spotify might add subscribers. It was buying its growth
by buying businesses, mostly in Asia. But, basically, the numbers don't add up. I tried to talk to Wirecard. They were like, "We're very busy dealing
with our results. We can't talk to you." Normal companies don't do that
when Financial Times knocks on the door. So, I persisted. Eventually, they put Markus Braun
on the phone
Full Transcript
00:00:01.000 --> 00:00:02.084
But this big pile of documents,
00:00:02.092 --> 00:00:05.092
which showed all these deals
Wirecard had done in Asia,
00:00:06.000 --> 00:00:08.072
and something about them
just seemed a bit off,
00:00:09.024 --> 00:00:11.002
that they didn't quite seem real.
00:00:12.002 --> 00:00:17.048
Outside of Europe,
we see a growth of 25%
00:00:17.056 --> 00:00:22.088
strongly driven by new regions,
by developing regions of Asia.
00:00:25.000 --> 00:00:27.072
Wirecard didn't appear
to grow by adding customers,
00:00:27.008 --> 00:00:30.036
like Spotify might add subscribers.
00:00:30.044 --> 00:00:34.012
It was buying its growth
by buying businesses, mostly in Asia.
00:00:34.064 --> 00:00:36.072
But, basically, the numbers don't add up.
00:00:38.002 --> 00:00:40.056
I tried to talk to Wirecard.
00:00:40.064 --> 00:00:44.008
They were like, "We're very busy dealing
with our results. We can't talk to you."
00:00:45.004 --> 00:00:49.004
Normal companies don't do that
when Financial Times knocks on the door.
00:00:51.839 --> 00:00:52.092
So, I persisted.
00:00:55.719 --> 00:00:58.239
Eventually, they put Markus Braun
on the phone.
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Movie Summary
Upstart payment firm Wirecard wowed the financial industry with its runaway success — until a tenacious team of journalists exposed massive fraud.
