Podknife - Tech: How $2 Billion Goes Missing by Industry Focus

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Tech: How $2 Billion Goes Missing

Podcast |: Industry Focus
Publisher |: The Motley Fool
Media Type |: audio
Podknife tags |: Business,; Business News,; Investing,; Stock Market
Categories Via RSS |: Business,; Business News,; News
Publication Date |: Jun 26, 2020
Episode Duration |: 00:35:12

German payments darling Wirecard shocked investors everywhere last week when it announced that the company and auditors could not place over $2 billion in cash the company claimed to have.

Over the days that followed, the true story began to come into picture. In this episode, we unpack the apparent accounting fraud that brought down one of Europe's brightest tech stars and what investors can learn from it.

Stocks: WCAGY

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