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A comment on Wirecard CEO exits as search for missing billions hits dead end in Asia.

Re:Wirecard CEO exits as search for missing billions hits de... by pythonwizz on Friday June 19, 2020 @10:13AM (#23574704)
Wirecard has been accused before of fraud by so called "short sellers". The document published (2 years ago?) showed a tremendous, extraordinary complex network of international corporations. Such complex setups have a very limited purpose. It can basically be only tax "optimization", hide fraud or hide ownership (UBO). After having seen this PDF I would not touch the Wirecard stock.

By the way, I think Alibaba is opening two new corporations. Per day. You may also want to read at Bronte Capital about Alibaba.

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Re:Wirecard CEO exits as search for missing billions hits de... by boldslogan on Friday June 19, 2020 @06:54PM (#23579691)
Can you remember any keywords to find that pdf or link with the multiple company set up about this?

Thanks for the alibaba tip.

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Re:Wirecard CEO exits as search for missing billions hits de... by pythonwizz on Saturday June 20, 2020 @05:03AM (#23582758)
No I dont. Wirecard went very aggressively against the accusations. The discussion board where it was discussed removed the link since Wirecard were suing everybody.

Could have been this one, but I am not sure. Just peaked into it and did not see the page with all the interrelated companies.

https://www.scribd.com/document/301557004/Wirecard-pdf

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