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Wirecard was like the German PayPal
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Skandal! Bringing Down Wirecard

Wirecard was like the German PayPal. Wirecard the processor for online trade, online...

Wirecard was like the German PayPal. Wirecard the processor for online trade, online shops. They make sure when I buy something, the money gets from my credit card
to the online retailer

Full Transcript

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Wirecard was like the German PayPal.
00:00:07.000 --> 00:00:08.008
Wirecard the processor
00:00:08.088 --> 00:00:10.088
for online trade, online shops.
00:00:11.096 --> 00:00:14.076
They make sure when I buy something,
00:00:14.084 --> 00:00:18.096
the money gets from my credit card to the online retailer.
Duration
20 seconds
Views
108
Timestamp in Movie
00:03:34
Uploaded
May 27, 2023
Genres
documentary, crime
Production
Passion Pictures

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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.
There's a company founder dressed - Skandal! Bringing Down Wirecard 00:10
There's a company founder dressed
…who presents himself as a visionary. - Skandal! Bringing Down Wirecard 00:08
…who presents himself as a visionary.
Wirecard is one of the fastest-growing - Skandal! Bringing Down Wirecard 00:07
Wirecard is one of the fastest-growing
{\an8}Being a journalist, you get to do all sorts of things - Skandal! Bringing Down Wirecard 00:05
{\an8}Being a journalist, you get to do all sorts of things
The first time I ever heard the word Wirecard, - Skandal! Bringing Down Wirecard 00:49
The first time I ever heard the word Wirecard,
But this big pile of documents, - Skandal! Bringing Down Wirecard 00:58
But this big pile of documents,
Outside of Europe, we see a growth of 25% - Skandal! Bringing Down Wirecard 00:13
Outside of Europe, we see a growth of 25%
"We are a software company which has a bank as a daughter." - Skandal! Bringing Down Wirecard 00:08
"We are a software company which has a bank as a daught...
Wirecard always had the same playbook each time it was criticized. - Skandal! Bringing Down Wirecard 00:15
Wirecard always had the same playbook each time it was criti...
My name is Tobias Bosler, - Skandal! Bringing Down Wirecard 00:49
My name is Tobias Bosler,
My name is Tobias Bosler, - Skandal! Bringing Down Wirecard 00:23
My name is Tobias Bosler,
{\an8}We are short sellers. - Skandal! Bringing Down Wirecard 00:51
{\an8}We are short sellers.
I investigated Wirecard for two years. - Skandal! Bringing Down Wirecard 00:18
I investigated Wirecard for two years.
It was certainly a big part of what we did, - Skandal! Bringing Down Wirecard 00:24
It was certainly a big part of what we did,
Money laundering is taking the proceeds of crime and cleaning the money. - Skandal! Bringing Down Wirecard 00:05
Money laundering is taking the proceeds of crime and cleanin...
If you rob a bank and have a big bag full of cash, - Skandal! Bringing Down Wirecard 00:41
If you rob a bank and have a big bag full of cash,
The idea was that I would go away and do my own work, - Skandal! Bringing Down Wirecard 00:12
The idea was that I would go away and do my own work,
What I should have said is, "Matt Earl is a short seller." - Skandal! Bringing Down Wirecard 00:12
What I should have said is, "Matt Earl is a short selle...
We highlight the wrongdoings of companies. - Skandal! Bringing Down Wirecard 00:53
We highlight the wrongdoings of companies.
We were suddenly under attack from all directions. - Skandal! Bringing Down Wirecard 00:27
We were suddenly under attack from all directions.