Re:'The money's gone': Wirecard collapses owing $4B
by sp332 on Thursday June 25, 2020 @08:33AM
(#23639911)
The CEO called in KPMG to do an independent audit? Was he expecting a different result, or did he just pick them to break the news?
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Re:'The money's gone': Wirecard collapses owing $4B
by AndrewBissell on Friday June 26, 2020 @01:09PM
(#23654324)
My guess would be that the fraud was reaching last-legs phases where other indications of missing cash were going to become difficult to ignore anyway. He may have thought he could actually stretch things out by stringing KPMG along and promising, "this audit will be done any day now, trust us."