How Wirecard, a global electronic-payments giant that was once valued at $14B+ and said it processed $140B of transactions a year, fully unraveled in eight days (Paul J. Davies/Wall Street Journal)

Paul J. Davies / Wall Street Journal:
How Wirecard, a global electronic-payments giant that was once valued at $14B+ and said it processed $140B of transactions a year, fully unraveled in eight days  —  Prosecutors are probing whether the electronic-payments giant used fictitious income to inflate its sales and fool investors; a missing $2 billion

via Techmeme