FILE PHOTO: A company logo of Bank of Philippine Islands is pictured in Manila's Makati financial district February 19, 2016. REUTERS/Erik De Castro
Wirecard said on Monday that 1.9 billion euros that its auditor EY has been unable to account for likely did not exist in the first place after a search for the missing cash hit a dead end in the Philippines. “It was very clear when we were shown the so-called certificate that it was spurious. Very clear it was spurious,” BPI’s Consing told Reuters, adding that he was informed about it on June 15 when EY asked whether the certificates were real.
Almost 2 billion euro counterfeit funds, man gets fired. $20 bill may or may not have been counterfeit, man is murdered. See the difference?
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Wirecard says missing $2.1 billion likely do not exist; withdraws resultsWirecard AG said on Monday that there was a likelihood that the missing amount of 1.9 billion euros ($2.13 billion) from its accounts simply did not exist. 2.1 bil nice Just a rounding error... Someone needs to look thru the bank recs, the intercompany/exchange accounts, and the accruals. The error is in 1 of those accounts.
Source: Reuters - 🏆 2. / 97 Read more »
Wirecard says missing $2.1 billion likely did not exist; withdraws forecastsScandal-hit German payments firm Wirecard AG on Monday said a quarter of its assets totalling 1.9 billion euros ($2.13 billion) that auditor EY has been unable to account for likely did not exist in the first place. Um... WHAT?! but really what the fuck are robstercraws? I hope stoolpresidente doesn't accidentally pick W, D & I from his bag of scrabble letters
Source: Reuters - 🏆 2. / 97 Read more »
Wirecard shares open 46% lower as company says missing cash probably doesn't existWirecard shares undefined opened 46% lower on Monday as the German payments processing firm said a missing 1.9 billion euros of cash probably does not exist....
Source: MarketWatch - 🏆 3. / 97 Read more »
Wirecard shares crash again after payments firm says missing $2 billion likely doesn't existWirecard said it was assessing the 'prevailing likelihood' that the missing cash balances flagged by auditor EY 'do not exist.' Worldcom Well, that's convenient.
Source: CNBC - 🏆 12. / 72 Read more »
Philippine central bank says none of Wirecard's missing $2.1 billion entered local financial systemThe Philippine central bank said on Sunday that none of the missing $2.1 billion of scandal-hit German firm Wirecard had entered the local financial system. Вы молодцы Look under the sofa The picture becomes clearer and clearer! The money was created out of thin air; unfortunately Wirecard is not the central bank :D
Source: Reuters - 🏆 2. / 97 Read more »
Wirecard says missing $2.1 billion never existed, rips up earlier accountsWirecard said on Monday that 1.9 billion euros ($2.1 billion) missing from its accounts was likely never there and it was looking at the sale or closure of parts of its business as it sought to avert a looming cash crunch. Ernst and Young should suffer the same fate as Arthur Andersen did with Enron. Yep. Sure... Didn’t exist...
Source: Reuters - 🏆 2. / 97 Read more »