I only heard aboutthe Financial Times' coverage secondhand. NEW ATTACK ON WIRECARD It was...
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I only heard about
the Financial Times' coverage secondhand. NEW ATTACK ON WIRECARD It was the typical bias. They said, "It is a foreign conspiracy
against a German company." "A German company is the victim
and must be protected." Wirecard had hired
a famous lawyer in Bavaria. The lawyer said
to the public prosecutor, Baumler-Hosl, that Wirecard is under attack
by short sellers and its very existence is in jeopardy. Hildegard Baumler-Hosl contacted
the German financial regulator. {\an8}The regulator BaFin then said,
"We need to protect Wirecard." {\an8}And banned short-selling
of Wirecard shares. {\an8}And even filed criminal charges
against Dan McCrum and Stefania Palma
the Financial Times' coverage secondhand. NEW ATTACK ON WIRECARD It was the typical bias. They said, "It is a foreign conspiracy
against a German company." "A German company is the victim
and must be protected." Wirecard had hired
a famous lawyer in Bavaria. The lawyer said
to the public prosecutor, Baumler-Hosl, that Wirecard is under attack
by short sellers and its very existence is in jeopardy. Hildegard Baumler-Hosl contacted
the German financial regulator. {\an8}The regulator BaFin then said,
"We need to protect Wirecard." {\an8}And banned short-selling
of Wirecard shares. {\an8}And even filed criminal charges
against Dan McCrum and Stefania Palma
Full Transcript
00:00:01.000 --> 00:00:06.076
I only heard about
the Financial Times' coverage secondhand.
00:00:06.084 --> 00:00:07.092
NEW ATTACK ON WIRECARD
00:00:08.000 --> 00:00:09.064
It was the typical bias.
00:00:09.072 --> 00:00:13.064
They said, "It is a foreign conspiracy
against a German company."
00:00:13.072 --> 00:00:16.008
"A German company is the victim
and must be protected."
00:00:18.064 --> 00:00:22.076
Wirecard had hired
a famous lawyer in Bavaria.
00:00:24.092 --> 00:00:30.998
The lawyer said
to the public prosecutor, Baumler-Hosl,
00:00:30.016 --> 00:00:33.008
that Wirecard is under attack
by short sellers
00:00:33.088 --> 00:00:35.096
and its very existence is in jeopardy.
00:00:36.076 --> 00:00:40.068
Hildegard Baumler-Hosl contacted
the German financial regulator.
00:00:40.076 --> 00:00:45.016
{\an8}The regulator BaFin then said,
"We need to protect Wirecard."
00:00:45.024 --> 00:00:48.068
{\an8}And banned short-selling
of Wirecard shares.
00:00:48.076 --> 00:00:53.068
{\an8}And even filed criminal charges
against Dan McCrum and Stefania Palma.
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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.
