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Wirecard – $17.5 Billion Valuation Based Entirely on LIES

In just a decade, Wirecard went from a little-known German payment processing company to one of the most valuable financial services firms on the stock market with a valuation of 17.5 billion dollars. The company was so hyped by the investors, that they ignored the allegations of fraud made by the press. However, it all unraveled last week when its former CEO, Markus Braun, got arrested. This is the biggest financial scandal since the collapse of Enron in early 2000s so buckle up, its going to be a bumpy ride.

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