Published on 23 Sep 2020 on Benzinga via Yahoo Finance
The Next Wirecard? 20 Things To Watch For To Spot A Massive Market Fraud
German payments processor WIRECARD AG/ADR (OTC: WCAGY) has been one of the biggest investment disasters and potentially biggest financial frauds in recent history after the company revealed that more than $2.1 billion in cash had gone missing from its accounts.
One of the few firms that saw the writing on the wall for Wirecard was Mirabaud Securities analyst Neil Campling, who placed a $0 price target on the stock.