Tag: Wirecard

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The Wirecard Saga

Confidence Tricks


Welcome to the latest edition to the Compliance Podcast Network, The Wirecard Saga. In this series, I am joined by Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors.  In this episode, we take a deep dive into the gaps in compliance in not simply Wirecard but in those entities which facilitated Wirecard or did business with Wirecard. Some of the highlights include:

  • IC Loses Confidence in Regulators
  • Stock Exchange Shrugs
  • FREP Head: Rules Don’t Apply To Me
  • HÜSt Shocked
  • BaFin Economical With the Truth
  • Feeble Efforts
  • von Knoop’s Social Life in Ruins
  • Weiss Sings Like Canary
  • Marsalek’s Confidence Trick
  • Austria Spies on German MPs
  • Schmidbauer Consults
  • Novomatic
Categories
The Wirecard Saga

Gaps in Compliance


Welcome to the latest edition to the Compliance Podcast Network, The Wirecard Saga. In this series, I am joined by Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors.  In this episode, we take a deep dive into the gaps in compliance in not simply Wirecard but in those entities which facilitated Wirecard or did business with Wirecard.
Some of the highlights include:

  • Hufeld Heaved Aside
  • BaFin Day Traders
  • Fact Finding Scheutz
  • Top Officer Lobbies
  • Nobody Knows Us
  • Bavarian State Officials
  • Guttenberg Resurfaces
  • Augustus Intelligence
  • BKLA Holds AML Chat
  • Cash On the Move
  • Supervision Totally Inadequate
  • Banking Firtash
  • Corporatocracy
Categories
The Wirecard Saga

The Family Tree


Welcome to the latest edition to the Compliance Podcast Network, The Wirecard Saga. In this series, I am joined by Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors.  In this episode, we take a deep dive into the government officials ensnared in the Wirecard scandal, Wirecard nexus to the MNC scandal and more dodgy deals. All this and much more in the Family Tree edition.
Some of the highlights include:

  • Short Sellers Strike Again
  • Wirecard Nexus to MNC Scandal
  • BR Shetty’s Empire Falls
  • Finablr Enables Dirty Deals
  • Muddy Waters Alleges EY Too Cozy
  • India & UAE Wirecard Execs Like Unimoni
  • Knoechelmann and Partners Share Everything
  • DPO, Acona, Wirecard and Apis Co-Mingle
  • DPO Goes Shopping
  • Network International Buys Into the Action
  • More Dodgy Deals In India
  • All Roads Lead to Singapore
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The Wirecard Saga

Go Big or Go Home


Welcome to the latest edition to the Compliance Podcast Network, The Wirecard Saga. In this series, I am joined by Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors.  In this episode, we take a deep dive into the former government officials who became Wirecard lobbyists, Wirecard goes big in China as Merkel whispers and then stumbles. All this and much more in the Go Big or Go Home edition.
Some of the highlights include:

  • Current event wrap up;
  • Investigative Committee grills top government officials;
  • Former Minister Karl Theodor zu Guttenberg Don’t-call-me-a-lobbyist, who is BFF with Wirecard BD Georg von Waldenfels; holds private chit-chats with Merkel;
  • Wirecard seeks access to China and the Chancellor whispers in Xi’s ear;
  • All AllScore, All the Time;
  • Big Trouble in Little China;
  • Papageorgieu counsels no assistance but then the Ministry of Finance weighs in;
  • Merkel and her government stumble; and
  • Former minister Klaus-Dieter Fritsche is a consultant too.
Categories
The Wirecard Saga

Who Watches the Watchers?


Welcome to the latest edition to the Compliance Podcast Network, The Wirecard Saga. In this series, I am joined by Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors.  In this episode, we take a deep dive into the conflicts of interest by German regulators who were investing in Wirecard while (allegedly) regulating it, EY clams up, whistleblowers and investigating crimes or not; all in the Who Watches the Watchers edition.
Some of the highlights include:

  • Current events;
  • Head of APAS invests in Wirecard and the Investigative Committee is Astonished;
  • What is a Conflict of Interest after all and does hindsight affords clear vision?
  • EY is certainly economical with the truth;
  • Germany’s two-tier system, drowning in risk pools and regulators don’t read;
  • Whistleblowers galore (but not enough for the 12 Days of Christmas);
  • BaFin-detecting crime is not our remit; and
  • What were all the missed opportunities.
Categories
The Wirecard Saga

The Wirecard Saga – Dirty Deeds Down Under


Welcome to the latest edition to the Compliance Podcast Network, The Wirecard Saga. In this series, I am joined by Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors.  In this episode, we take a deep dive into the many and varied discrepancies in all aspects of the Wirecard fraud and investigation.
Some of the highlights include:

  • Current events
  • Recriminations fly – APAS and EY at fisticuffs
  • UK jumps on the Audit Sector Reform Bandwagon
  • Marsalek tainted Wirecard Bank too
  • Six Is the Loneliest Number (at BaFin)
  • Wirecard UK Ireland (WUKI) fraud
  • The Sordid History of Wirecard New Zealand
  • FBME teaches dirty tricks to NZ
  • The Kremlin’s bank
  • The West’s hijacked financial system
Categories
The Wirecard Saga

Discrepancies, Discrepancies, Discrepancies


Welcome to the latest edition to the Compliance Podcast Network, The Wirecard Saga. In this series, I am joined by Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors.  In this episode, we take a deep dive into the many and varied discrepancies in all aspects of the Wirecard fraud and investigation.
Some of the highlights include:

  • Weekly news wrap-up on Wirecard;
  • Markus Braun Stonewalls and Disassociates; Is he really the victim here?
  • Why do Dork delusions abound?
  • Why is the Bundestag IC so peeved?
  • Bellenhaus to Sing Like a Canary?
  • Why is there such an Accumulation of Abnormalities?
  • Auditors Fined for Clenching in the Clutch;
  • Audit Reforms Proposed;
  • More on the German and EU-wide political fallout;
  • Bafin Backfooted; and
  • Ocap seeks an allowance because it believes it is owed money!
Categories
FCPA Compliance Report Wirecard

Wirecard Part 10, One the Beach


In the Episode, I am joined by Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors.  Mikhail’s areas of expertise include technology, privacy, cybersecurity, IP and accountability in artificial intelligence; the global anti-corruption and anti-money laundering regimes; media & entertainment; biotech and the life sciences; the public sector and international law.  She is accustomed to working on extremely sensitive and high-profile matters, both nationally and internationally. In this episode, we explore shell companies in our On the Beach episode.
Some of the highlights include:

  • Weekly news wrap-up on Wirecard
  • What is the Bundestag investigating? Are they doing anything?
  • Were 250 Wirecard employees assigned to the money-laundering team?
  • Is a Bundestag inquiry in the works by the EU?
  • KPMG enters the story.
  • Shell Companies Shell Companies Shell Companies
  • Why it might be time for a walk on the beach (and to read On The Beach)
Categories
FCPA Compliance Report

Wirecard Part 9, Running to Fraud with Hermes


In our continuing series, I am joined by Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors.  Mikhail’s areas of expertise include technology, privacy, cybersecurity, IP and accountability in artificial intelligence; the global anti-corruption and anti-money laundering regimes; media & entertainment; biotech and the life sciences; the public sector and international law.  She is accustomed to working on extremely sensitive and high-profile matters, both nationally and internationally. In this episode, we explore the money laundering Wirecard engaged in via the project dubbed ‘Hermes’.
Some of the highlights include:

  • Weekly news wrap-up on Wirecard.
  • What has this done to the German political scene?
  • Any talk about BaFin reforms?
  • How do losses reach €20bn?
  • How was the investigation “unrelated to the mandate”?
  • Money laundering through Hermes.
Categories
FCPA Compliance Report

Wirecard Part 9, Bring Lawyers Guns and Money


In the Episode, I am joined by Mikhail Reider-Gordon, Managing Director of Institutional Ethics & Integrity at Affiliated Monitors.  Mikhail’s areas of expertise include technology, privacy, cybersecurity, IP and accountability in artificial intelligence; the global anti-corruption and anti-money laundering regimes; media & entertainment; biotech and the life sciences; the public sector and international law.  She is accustomed to working on extremely sensitive and high-profile matters, both nationally and internationally. In this episode, we explore those other professional service providers who enabled Wirecard in our bring Lawyers Guns and Money episode.
Some of the highlights include:

  • Weekly news wrap-up on Wirecard
  • Is EY at its Arthur Anderson moment?
  • Who has potential lawsuits against EY?
  • Is a Bundestag inquiry in the works?
  • Will there be an EU-level inquiry into the German government response?
  • Who were the Enablers?
  • Why is now the time for lawyers to take a stand for the Rule of Law?