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by pythonwizz 2198 days ago
Wirecard has been accused before of fraud by so called "short sellers". The document published (2 years ago?) showed a tremendous, extraordinary complex network of international corporations. Such complex setups have a very limited purpose. It can basically be only tax "optimization", hide fraud or hide ownership (UBO). After having seen this PDF I would not touch the Wirecard stock.

By the way, I think Alibaba is opening two new corporations. Per day. You may also want to read at Bronte Capital about Alibaba.
1 comments
boldslogan 2197 days ago
Can you remember any keywords to find that pdf or link with the multiple company set up about this?

Thanks for the alibaba tip.

link
pythonwizz 2197 days ago
No I dont. Wirecard went very aggressively against the accusations. The discussion board where it was discussed removed the link since Wirecard were suing everybody.

Could have been this one, but I am not sure. Just peaked into it and did not see the page with all the interrelated companies.

https://www.scribd.com/document/301557004/Wirecard-pdf

link