The Wirecard Saga

In this special 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. 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.

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In this special podcast 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. 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?

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In this special podcast 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. In this episode, we explore lies, spies and Wirecard.

Some of the highlights include:

·       Weekly news wrap-up on Wirecard

·       What did BDO find in the Philippines?

·       Why was the Wirecard Board of Directors afraid to meet in a conference room with windows?

·       Why is there no interest in the bankruptcy remains of Wirecard?

·       What did the initial Insolvency Report show?

·       Was Wirecard ever designed to be profitable?

·       The continued adventures of Jan Marsalek.

·       More dirty money.  

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In this special podcast 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. In this episode, we are back from a summer hiatus and wrap up what has been happening on the Wirecard front over the past few weeks.

Some of the highlights include:

·       BaFin Unapologetic

·       Reporters and Short Sellers – Free to Be, You & Me?

·       Political Fallout?

·       Another German DAX-listed Company Scandal?

·       Impact on EU – Rethinking Germany Frankfurt and Bonn for Financial Services Capitols post-Brexit?

·       What is happening within Wirecard now – is the company still going?

·       Deutsche is Not Buying

·       Has the fullness of the scandal been revealed, or is more coming to light? 

·       What is, or what was, Project Panther?

·       Enron had significant impact on then Big-5; is Wirecard going to impact Big-4 in the same way?

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In this special podcast 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 take up the issue of fraud in the Wirecard saga.

Some of the highlights include:

·       Did Wirecard ever make money?

·       Was Wirecard even designed to make money?

·       Was it simply a Ponzi scheme??

·       Why BCCI and not Enron was Wirecard’s role model?

·       How could BaFin employees oversee Wirecard while investing in it? (Ans: they couldn’t)

·       What is Round-Tripping fraud and how did Wirecard master it?

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In this special podcast 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 begin an exploration of the role of money-laundering in the Wirecard saga.

Some of the highlights include:

·       How money laundering works?

·       What is threat finance?

·       Other examples of German corporate fraud?

·       Why 2006 was such an important year in anti-money laundering?

·       How Wirecard made money through money laundering.

·       The risk related business model used by Wirecard.

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In this podcast 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 consider the role of Germany Inc. in the Wirecard saga.

Some of the highlights include:

·       Wrap up of the most current event in the Wirecard saga.

·       Where does Germany fit in the global economy?

·       Other examples of German corporate fraud?

·       Where is all this corporate malfeasance coming from?

·       What is the co-determination management structure and how does it play into all this?

·       Political fallout?

·       EU response?

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In this podcast 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 consider the roll of short sellers in the Wirecard saga.

Some of the highlights include:

·       Wrap up of the most current event in the Wirecard saga.

·       What is a short seller?

·       Is it wrong or prohibited?

·       Are short sellers activists?

·       History of short sellers and Wirecard.

·       What happened after so many short sellers warned of fraud by Wirecard.

·       Was that the end of it?

·       When were their suspicions vindicated?

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In this new podcast 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 begin a multipart series on the Wirecard accounting fraud.

Some of the highlights include:

1. How long was Wirecard been under scrutiny?
2. What was the role of BaFin in this disaster?
3. What does this mean for Germany Inc?
4. Why didn’t the regulators step in?
5. What about EY?
6. Where are we headed in the Wirecard Fraud?

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