If you are feeling nervous about the state of the financial world, I have a suggestion: don’t read Money Men, the new book on the Wirecard fraud by the FT’s Dan McCrum. It will make you even more anxious.
The implosion of Wirecard was chilling enough when it happened, collapsing into insolvency on 25 June 2020. The fact that for years some of the world’s leading investors, analysts, auditors and regulators ignored clear warning signs at the German payments company made you wonder what other frauds were being perpetrated in plain sight.
