The first timeI ever heard the word Wirecard, I was looking for dodgy companiesto write...
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The first time
I ever heard the word Wirecard, I was looking for dodgy companies
to write about. Corporate frauds, things like that,
because they make great stories. I was chatting
to this Australian hedge-fund manager. He's like, "So would you be interested
in some German gangsters?" I think he looked to the accounts
and thought it was a fraud. So I made a note, "Wirecard, something to look into." From the outside,
it looked like a legitimate enterprise. I mean, it had 6,000 people.
It had offices. The profits were great. And so I think
it just sort of fitted into this, "Online payments.
That's growing quickly, isn't it?"
I ever heard the word Wirecard, I was looking for dodgy companies
to write about. Corporate frauds, things like that,
because they make great stories. I was chatting
to this Australian hedge-fund manager. He's like, "So would you be interested
in some German gangsters?" I think he looked to the accounts
and thought it was a fraud. So I made a note, "Wirecard, something to look into." From the outside,
it looked like a legitimate enterprise. I mean, it had 6,000 people.
It had offices. The profits were great. And so I think
it just sort of fitted into this, "Online payments.
That's growing quickly, isn't it?"
Full Transcript
00:00:01.000 --> 00:00:03.068
The first time
I ever heard the word Wirecard,
00:00:03.076 --> 00:00:07.024
I was looking for dodgy companies
to write about.
00:00:07.032 --> 00:00:11.084
Corporate frauds, things like that,
because they make great stories.
00:00:14.032 --> 00:00:17.998
I was chatting
to this Australian hedge-fund manager.
00:00:17.016 --> 00:00:21.052
He's like, "So would you be interested
in some German gangsters?"
00:00:22.072 --> 00:00:25.044
I think he looked to the accounts
and thought it was a fraud.
00:00:25.052 --> 00:00:26.092
So I made a note,
00:00:27.044 --> 00:00:29.072
"Wirecard, something to look into."
00:00:32.998 --> 00:00:35.052
From the outside,
it looked like a legitimate enterprise.
00:00:38.004 --> 00:00:41.044
I mean, it had 6,000 people.
It had offices.
00:00:42.052 --> 00:00:43.006
The profits were great.
00:00:43.068 --> 00:00:46.032
And so I think
it just sort of fitted into this,
00:00:46.004 --> 00:00:48.088
"Online payments.
That's growing quickly, isn't it?"
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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.
