Case of the missing $2 billion

In 2018, digital payments company Wirecard was hailed as Germany’s rising tech company with a valuation of 24 billion euros ($27 billion). After a rough 2019, disaster finally struck on June 18, when Wirecard’s auditors admitted that they couldn’t locate 1.9 billion euros ($2.1 billion) that was supposed to be held in two banks in the Philippines. After the news, the company lost 90% of its share price within a week....

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