How a number of couch investors ruined some Wall Street guys using a mobile app. And why the Wall Street guys really don't care. And what it means for the future.
German fintech darling Wirecard has collapsed among allegations of fraud, money laundering and very underhanded practices. But the things coming to light about the company and its executive Jan Marsalek now are even more egregious than anything we had heard so far.
German payment processing company Wirecard is currently falling apart under a criminal fraud investigation after 1.9 billion euros went missing. What is lesser known, is that the company, which got its start by processing gambling and porn payments, also apparently ran psychological warfare campaigns to silence whitleblowers.