Mar 02 2023 51 mins 8
Welcome to Season 3 of Lies, Spies & Corporate Crimes: The Wirecard Saga. The Wirecard Saga, has become of the world’s leading sources on all things Wirecard. In The Wirecard Saga; Lies, Spies & Corporate Crimes, host Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors looks at the biggest financial scandal in post-war Germany from a variety of angles. On this episode, our host analyses the series of events connected to the company's downfall and the trial dates, as well as the Singaporean Police Force's investigation. In addition, the podcast examines other entities connected to the Wirecard scandal, including the German Ministry of Defense. Tune in to The Wirecard Saga for all the latest updates!
Key Highlights
- Trial dates set in Singapore
- Why won’t Germany take up Singapore’s offer?
- Braun as Captain of the Titanic
- He’s not a joiner
- Second guessing CEO’s decisions
- Judge Frodisch just can’t understand
- TPA’s were firewalls
- CEO of only some departments
- Another loan to an off-shore entity
- EY gets pulled back in
- Wirecard Card Solutions’ legacy
- PayRNet and RailsR ‘historic’ problem
- Lietuvos Bankas says PayRNet engaged in gross TF
- From Bad to Worse
- Procurement Corruption
- 4Strat and the Austrian-Russian connection
Notable Quotes
1. "I have never been a gang member or even their leader. I had no personal relationship with any of these people."
2. "I didn't believe for a single second that the business wasn't there." "We said very clearly, we regard the third party partners as an intermediate step. The TPA is reviewed as a form of firewall, essentially, intercessors who create a distance between Wirecard and dealers, that is a layer to appear to reduce risk."
3. "I am convinced that the business existed, but obviously significant parts did not flow into the escrow account.""
4. "You couldn't run everything, the Wirecard Bank. And remember, all those illicit charges on cards needed to be recoded to get past Visa, Mastercard, Wirecard, Amex. And the intermediary banks, don't forget them. There were a lot of moving parts."
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