Scandal-Tainted WIRECARD Files for Bankruptcy - Accounting Frauds Case Study

This case study examines the scandal at Wirecard AG, a German payment processing and financial services company, which filed for insolvency in June 2020. The scandal involved accounting fraud and misreporting of revenue, and was first uncovered by Financial Times journalists in 2019. The case study looks at the background of Wirecard AG, the details of the scandal, the company's response, and the eventual filing for insolvency. The case study concludes by discussing the implications of the scandal for the company, its shareholders, and the financial industry as a whole