Fraud at Wirecard? A discussion with Christian Dreyer (CFA)

08/03/2023 34 min
Fraud at Wirecard? A discussion with Christian Dreyer (CFA)

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Episode Synopsis

Join me and Christian Dreyer, Independent Analyst and Former CEO of the Charted Financial Analyst (CFA) Society Switzerland, for a discussion to understand how a German DAX listed Fintech Star can inflate Sales and Profits by 2 Billion USD. At least so it seems. How can that happen unnoticed? Who’s to blame and who’s accountable? The auditors, The Supervisory Board, The Government Regulator BAFIN…?

Despite the Enron Scandal back in 2001, defrauding 40 Billion USD and scandals such Parmalat, Medoff’s Ponzi scheme and misconduct by a number of banks during the Financial Crisis of 2008, something is just plainly wrong in how the ‘check & balances’ System is structured in our Financial Industry.  

Christian believes we need a comprehensive reassessment of the system, engaging watchdogs on the EU level, as well as independent Supervision of supervisors and audit companies. There is too much conflict of interest and too much at stake, such as investor trust and a systemic failure of our global financial system.

More about Mentorit.TV:

http://youtube.com/mentorittv

More about Christian Dreyer: 

https://www.linkedin.com/in/cdreyer/

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