Book Review | Money Men | A Hot Startup, a Billion Dollar Fraud, a Fight for the Truth by Dan McCrum
Wirecard AG. Even if you do recall reading about this German payments processor in financial newspapers a few years ago, you wont know the full story. Dan McCrum is an investigative journalist at the Financial Times and this book is his words based on his own experiences in the crazy world of Wirecard AG.
A casual conversation with a high profile Australian-based fund manager peaked McCrum’s interest in this exciting fintech. From there McCrum’s quest to uncovering one of the great modern day financial scandals is certainly a volatile one. It involved colleagues, hedge fund managers, shady characters, underworld figures, lawyers, media outlets and of course significant retaliation from Wirecard AG itself.
The tentacles of Wirecard AG spanned all corners of the globe so getting a comprehensive understanding on this business was near impossible for all stakeholders. What was once a €24bn company (about 1/3 the size of Enron at it’s peak) has had a spectacular fall from grace. Without McCrum’s investigative efforts, who knows how big Wirecard AG would be today…
Link to Book
View more podcast and book reviews
Subscribe to NAOS News & Insights
Join our investment community. Be the first to receive NAOS News, Podcasts, Insights and Invitations.