Money Men: A Hot Startup, A Billion Dollar Fraud, A Fight for the Truth

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No missing or damaged pages, no creases or tears, no underlining or highlighting of text, and no writing in the margins. The abrupt shift from an office full of trig and trim Barristers and clerks and polished mahogany and brass was surreal. We cling to the myth of the bold technology visionary reaping rewards for game-changing innovations. Change country: -Select- Afghanistan Albania Algeria Andorra Anguilla Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Republic Bahamas Bahrain Bangladesh Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bosnia and Herzegovina British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Islands Cayman Islands Chile China Colombia Costa Rica Cyprus Czech Republic Côte d'Ivoire (Ivory Coast) Democratic Republic of the Congo Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Falkland Islands (Islas Malvinas) Fiji Finland Gabon Republic Gambia Georgia Germany Ghana Gibraltar Greece Greenland Grenada Guatemala Guernsey Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Ireland Italy Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kuwait Kyrgyzstan Latvia Lebanon Liberia Liechtenstein Lithuania Luxembourg Macau Madagascar Malawi Malaysia Maldives Mali Malta Mauritania Mexico Moldova Monaco Mongolia Montenegro Montserrat Morocco Mozambique Namibia Nauru Nepal Netherlands Netherlands Antilles New Zealand Nicaragua Niger Norway Oman Pakistan Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Republic of Croatia Republic of the Congo Romania Rwanda Saint Helena Saint Kitts-Nevis Saint Lucia Saint Vincent and the Grenadines San Marino Senegal Serbia Sierra Leone Singapore Slovakia Slovenia Solomon Islands South Africa South Korea Spain Sri Lanka Suriname Sweden Switzerland Taiwan Tanzania Thailand Togo Tonga Trinidad and Tobago Tunisia Turks and Caicos Islands Uganda United Arab Emirates United Kingdom United States Uzbekistan Vanuatu Vatican City State Vietnam Virgin Islands (U. When he first voiced his concerns, however, Perry quickly became the target of a sophisticated campaign of intimidation aimed at discrediting him.

FT Alphaville founder Paul Murphy entering into a clandestine meeting with Wirecard COO Jan Marsalek, desperately texting his backup team after the rendezvous is moved to a different restaurant at the last minute, is one of those moments. The tale is infamous: a hot start-up, a billion-dollar fraud and a fight for the truth, as Financial Times investigative journalist Dan McCrum so succinctly puts it in the subtitle of his new book, Money Men. Wirecard was a small payment processor, working with dodgy porn and gambling companies, when it suddenly started growing.Another ploy, although merely a stopgap, was to create fake invoices – money owed to Wirecard for licensing fees and consulting which would show up on the balance sheet as receivables, an asset. An important read and valuable investigative journalism, but could have been a more interesting book.

In reality, though, many of their smaller collaborators either didn't exist at all, or were just mailboxes that received bills for millions, that were never actually paid. Wirecard might still be one of Europe's most feted tech firms, were it not for a small band of sceptics - including Dan McCrum. With the help of his best friend, Joseph, Owen comes up with one money-making scheme after another, but--funny thing--he's still broke.Named or unnamed, the true heroes of Money Men are the whistleblowers and short sellers who brought the scandal to light.