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The Wirecard scandal: what went wrong?

The collapse of the German payment processor carries several important lessons for investors
The Wirecard scandal: what went wrong?

In less than a fortnight, Wirecard (Ger:WDI) has gone from one of Europe’s most hyped financial technology firms to insolvency, all-but extinguishing the value of a company that was worth almost €20bn (£18bn) as recently as April.

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