I shared this in a comment thread, but thought it was generally interesting enough to be a main post. TLDR: journalists at the FT investigated Wirecard (a German tech unicorn doing payments...
I shared this in a comment thread, but thought it was generally interesting enough to be a main post.
TLDR: journalists at the FT investigated Wirecard (a German tech unicorn doing payments processing) which it turns out was a massive fraud. Wirecard responded pretty aggressively throughout the process, hiring ex-MI5 spies to intimidate journalists and was able to garner support from the German financial establishment, including the German stock market regulator.
I shared this in a comment thread, but thought it was generally interesting enough to be a main post.
TLDR: journalists at the FT investigated Wirecard (a German tech unicorn doing payments processing) which it turns out was a massive fraud. Wirecard responded pretty aggressively throughout the process, hiring ex-MI5 spies to intimidate journalists and was able to garner support from the German financial establishment, including the German stock market regulator.
Mirror, for those hit by the paywall:
https://archive.is/GDy8I
Excellent read, fascinating stuff and demonstrates a really impressive commitment from the FT folks.
There's a short netflix special covering this. It's pretty insane.