Re:Wirecard files for insolvency after financial hole laid bare
by celticninja on Thursday June 25, 2020 @11:23AM
(#23641759)
Buys him time, the audit was necessary otherwise bonds/loans became due or a finance line would be withdrawn. By switching to KPMG he bought himself some time, probably to hide some of the assets they would likely try to seize, so that once he has done his 18 months he can go back to his multiple homes and yachts and live comfortably.
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