The €1.9 BILLION That Never Existed: Wirecard

In June 2020, the German payments company Wirecard, a member of the DAX that had once been worth more than Deutsche Bank, said that €1.9 billion that was supposed to be in bank accounts in the Philippines probably did not exist. A week later it was insolvent. This is how a "boring" payments company, a hard-to-check partner business and a chain of supervisors who did not look in the right place let it go on, what the trial in Munich says so far, and the one question that would have protected investors: who checks the checkers? Every fortune has a last day. Chapters: 0:00 The money that wasn't there 0:35 What did Wirecard do? 1:16 The rise 1:55 Where did the profits come from? 2:31 The doubters 3:11 Who went after the messenger? 3:42 The special audit 4:28 June 2020 5:06 The arrest and the escape 5:50 Who was watching? 6:28 The people who lost 7:12 Where does the case stand? 8:14 How do you fake a bank balance? 8:56 Who checks the checkers? 9:44 Next New stories every Monday, Wednesday and Friday. Spanish version:    / @asicaenlasfortunas   Sources: Wikipedia (Wirecard, Wirecard scandal, Markus Braun); reports from the trial at the Munich Regional Court (2022-2026); BaFin and German parliamentary inquiry records; EY and KPMG statements. Candlestick charts built from the share price on the Hamburg exchange. The trial was still ongoing when this video was made. Markus Braun denies the charges and is presumed innocent until a court decides. Characters are illustrations with no likeness to real people. This video is for educational and historical purposes and is not financial advice. Illustrations and narration produced with AI tools.