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barnyarddog

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barnyarddog

Re: None

Monday, 06/22/2020 12:40:15 PM

Monday, June 22, 2020 12:40:15 PM

Post# of 53
'Total disaster': Phantom billions plunge Wirecard into chaos

- Wirecard said on Monday that 1.9 billion euros ($2.1 billion) it had booked in its accounts likely never existed



....The company has been under scrutiny since the whistleblower alleged the web of sham transactions. This culminated in a search for the missing cash, which last week hit a dead end in the Philippines.

The Philippine central bank said none of the money appeared to have entered the country, after Bank of the Philippine Islands (BPI) and BDO Unibank said documents purporting to show Wirecard had deposited funds with them were false.

https://www.reuters.com/article/us-wirecard-accounts/total-disaster-phantom-billions-plunge-wirecard-into-chaos-idUSKBN23T06V
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