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Dan McCrum Profile
Dan McCrum

@FD

37,189
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1,325
Following
500
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FT Investigations. Dubious accounting and all that. 'Your sister’s nice boyfriend'. Wrote Money Men …

London
Joined January 2007
Don't wanna be here? Send us removal request.
@FD
Dan McCrum
2 years
Today's the day! Our movie is out on Netflix! #wirecardskandal Let me know what you think
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@FD
Dan McCrum
2 years
Wow. Many words bound and printed. Almost eight years since @johnhempton mentioned a funny little German company called Wirecard. Never imagined where it would lead
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@FD
Dan McCrum
3 years
I’m kinda speechless. Thanks everyone, thanks to the jury, the whistleblowers, and the wonderful @CharlotteMcCrum who had to put up with Wirecard’s trolls and shenanigans, as well as me.
@pressgazette
Press Gazette
3 years
The Journalist of the Year award goes to Dan McCrum @FD of the @FT who faced down intimidation, surveillance and personal threats as well as a campaign of disinformation to bring down one of Germany’s most garlanded businesses, Wirecard #BJA2020
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@FD
Dan McCrum
4 years
"Have you been arrested yet?" This is the tale of the spies, the hacking, the put-up job, the sock puppets, the fancy restaurants, the digital handbag and the many, many professionals taking Wirecard's money to fight and intimidate its critics
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@FD
Dan McCrum
1 year
A clear out of legal files at the FT unearthed that time Wirecard sued me for half a million euros. Great days
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@FD
Dan McCrum
4 years
I'm delighted to receive the Ludwig Erhard Prize for Economic Journalism 2020
@LEStiftung
Ludwig-Erhard-Stiftung
4 years
Ludwig-Erhard-Preis für Wirtschaftspublizistik 2020 geht an #Wirecard -Aufdecker Dan McCrum ( @FD ) von @FinancialTimes . Förderpreise an @MartinBraml , ifo Zentrum für Außenwirtschaft, @ifo_Institut und @HansRusinek , Chefredakteur @transformag .
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@FD
Dan McCrum
3 years
This lovely object arrived in the post
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@FD
Dan McCrum
2 years
MONEY MEN is out today! The thrilling true story of Wirecard’s wild rise and crashing fall charts an investigation like no other. It reveals hidden worlds of short sellers and whistleblowers, pornographers and private militias, hackers and spies. 🧵1/6
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@FD
Dan McCrum
4 years
A good morning to all the whistleblowers, and a very big thank you.
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@FD
Dan McCrum
4 years
Today's FT front page is one for the scrap book
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@FD
Dan McCrum
2 years
Proof! Very excited to get this from my publisher this morning.
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@FD
Dan McCrum
4 years
For background on Wirecard collapse today, these are the two key stories. In October, we wrote that sales and profits appeared fraudulently inflated. In December, we wrote that "trustee accounts" were included in cash balances.
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@FD
Dan McCrum
3 years
Personal news Klaxon! 🚨🚨 I’m writing a BOOK about the Wirecard adventure, to be published in the UK by those terrific folks at Transworld
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@FD
Dan McCrum
2 years
Jan Marsalek spotted in Moscow! SZ have teamed up with the Dossier Center to track down Wirecard's absconded spymaster/thief, with a lot of detail about his new name - German Bazhenov - restaurant choices, FSB minders, and a possible picture 👇
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@FD
Dan McCrum
4 years
Has a company ever filed for insolvency while still a member of the Dax 30 before? Asking for a friend
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@FD
Dan McCrum
4 years
It feels great to finally have the backstory to our long Wirecard investigation out. There wasn't room for all the twists and turns, or the battles faced by several people who helped expose the Wirecard fraud. I'm looking forward to telling their stories as well.
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@FD
Dan McCrum
4 years
Siri, what is the point of M&A?
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@FD
Dan McCrum
1 year
Startling figures from @jburnmurdoch on how many Americans die young
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@FD
Dan McCrum
2 years
I’m looking forward to Twitter’s hard to explain increases in sales and profits
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@FD
Dan McCrum
4 years
Wirecard says €1.9bn of cash is missing, indications auditors deceived, €2bn of loans could be terminated if accounts not published tomorrow. Stock down two-thirds, FT story imminent
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@FD
Dan McCrum
4 years
Thinking about no-deal Brexit, I'm reminded of @davidallengreen 's point that the poll tax fury and rioting only started when the bills arrived. He quoted Ivor King and Antony Crewe:
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@FD
Dan McCrum
2 years
This is very cool, premiere tonight!
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@FD
Dan McCrum
6 months
Let’s name them. Schillings investigated me and threatened us with action, along with Herbert Smith Freehills. Wirecard used Bub Memminger in Germany for its SLAPP
@DanNeidle
Dan Neidle
6 months
An unnamed law firm acted for Wirecard against the FT in a defamation action following the FT’s reporting by @FD @danmccrum that Wirecard was engaged in fraud.  The reporting was correct. Using defamation proceedings to silence true accusations is characteristic of a SLAPP.
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@FD
Dan McCrum
2 years
The last seven years of my life have been wild, full of weirdos, spies, outlandish discoveries, sleuthing, hangovers, bungling criminals, madcap schemes, Libyan militias and Russian nerve gas. And it’s all in this book, out June 2022. Order your copy here:
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@FD
Dan McCrum
2 years
The #cryptocrash reminds me a little bit of the day Wirecard announced €1.9bn of its money was "missing". (June 18, 2020, two years ago this week) 🧵
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@FD
Dan McCrum
3 years
“A crime to tell the truth.” Don’t let 2021 arrive without reading this eye-opening account of the Assange case by the UN Special Rapporteur on Torture
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@FD
Dan McCrum
3 years
I tried knocking, but no one was home
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@FD
Dan McCrum
3 years
Same as it ever was
@BitcoinZen2
Bitcoin Zen
3 years
Missed a 2017 masterpiece 😂👌 "bitcoin has all the attributes of a pyramid scheme, requiring a constant influx of converts to push up the price, based on the promise of its use by future converts. So the ultimate value for bitcoin will be the same as all pyramid schemes: zero."
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@FD
Dan McCrum
5 years
Wirecard’s suspect accounting practices revealed - new story! Documents point to an effort to fraudulently inflate sales and profits, and we’ve published them as well
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@FD
Dan McCrum
8 months
New FT investigation! We unpick the paper trail to discover two of Adani's biggest 'public' investors are associates of an Adani family member, and authorities suspected market manipulation years before @HindenburgRes allegations.
@JohnReedwrites
John Reed जॉन रीड
8 months
Secret paper trail reveals hidden Adani investors: our investigation based on documents shared with the @FT by the @OCCRP . By @FD and me #India #AdaniGroup
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@FD
Dan McCrum
4 years
A very big thank you to the whistleblowers, without whom Wirecard would still be going strong
@Laan_Pa
Pav G.
4 years
Would be nice if in all this back slapping the praises were given to the #Wirecard whistleblowers too who courageously gave the @FT the material they needed at grave risk to themselves and their families.
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@FD
Dan McCrum
3 years
This lovely object just arrived in the post, there’s a nice heft to it (banana for scale)
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@FD
Dan McCrum
4 years
New twist in the FT Investigation -  Wirecard executive Jan Marsalek bragged to London traders about his access to secret documents by showing them the formula for Novichok, the world's deadliest nerve agent. Free to read story:
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@FD
Dan McCrum
2 years
@duncanrobinson Reminded of this tremendous lede
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@FD
Dan McCrum
4 years
Carried interest is income Carried interest is income Carried interest is income Tax it as income.
@kayewiggins
Kaye Wiggins
4 years
Higher tax on private equity executives’ lucrative, sometimes life-changing ‘carried interest’ payments would drive the industry out of the UK, a lobby group is set to warn. ⁦ @FT ⁩ scoop
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Dan McCrum
4 years
"Expanding the court is the way to save it. It’s a lot like breaking a bone to reset the leg."
@ElieNYC
Elie Mystal
4 years
If they insist on doing this, there's only one solution: expanding the court. Everybody is familiar with the vengeance argument for court expansion, let me give you the REFORM argument. Court expansion is good, on its own merits. My latest in @thenation
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Dan McCrum
3 years
Behind the collapse of Wirecard is a mother who pushed her son to do the right thing. “Oh my god, what have you done now?” thought Pav. The tale of the reluctant whistleblower revealed today
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@FD
Dan McCrum
1 year
I did not expect to start the weekend on top of Stormy Daniels
@aristoc_booklex
Aristoc Booklex Limited
1 year
Get ready for an exciting 2023 reading list with our latest arrivals! 📚💥 Discover gripping true stories like "Money Men" by @FD , unravelling a billion-dollar fraud, "Full Disclosure" by @StormyDaniels , a candid memoir, and "Rage" by @realBobWoodward , an insider's account of
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Dan McCrum
2 years
Wirecard office furniture sale here, for anyone wanting that fintech fraud aesthetic
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@FD
Dan McCrum
4 years
Jan Marsalek has left the building, gone to the airport, and flown to Manilla, says SZ. He is not on the run, however! "Friends of Marsalek say that he wants to get documents that could help clarify the case."
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@FD
Dan McCrum
4 years
Predatory pricing, aggressive and possibly illegal tax strategies, labour exploitation
@sgorlick
Scott Gorlick
4 years
In 2 years, Uber went from being in just a few cities to more than 100. How did Uber grow so quickly? We recruited hundreds of thousands of drivers. I get asked a lot about how we did it, so here are some lessons that might be helpful to other startups 👇👇👇
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@FD
Dan McCrum
3 years
Fraud!
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@FD
Dan McCrum
4 years
Wirecard’s core business was loss making for years - new story from @OlafStorbeck based on the full set of info KPMG gave to the supervisory board in April
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@FD
Dan McCrum
2 years
"Being a journalist, you get to do all sorts of things you're not supposed to..."
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@FD
Dan McCrum
4 years
Another day in Germany
@Petercampbell1
Peter Campbell
4 years
A body in a burned car. Accusations of spying. Secret tapes. Crazy, crazy story from @OlafStorbeck :
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@FD
Dan McCrum
4 years
This is the same DWS which invested about €500m of its investors’ money into Wirecard straight after we published our October piece on the apparent fraud, and the documents which supported it.
@MilesMJohnson
Miles Johnson
4 years
This DWS guy earns a living charging chunky fees to invest pension money. He now appears to be blaming “credulous” bank analysts for not spotting Wirecard, but not himself. So when investments work out well does he say “Oh it wasn’t me mate, I just read the Commerzbank note”?
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Dan McCrum
3 years
Jaw is on the floor with this one.
@lionelbarber
Lionel Barber
3 years
UNBELIEVABLE ...German audit watchdog chief faces probe over HIS OWN Wirecard share trading (and he surely must be played by Oliver Kalkofe in the coming movie starring @FD ) via @financialtimes
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@FD
Dan McCrum
26 days
Commiserations to all the consultants on the drastic reduction in length of their gravy train
@ZiadMDaoud
Ziad Daoud
26 days
Saudi is scaling back 'The Line' project in Neom • 2030 population target: from 1.5 million to 300k • Length: from 170 km to 2.4 km by 2030 • At least one contractor is dismissing some workers on the site
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@FD
Dan McCrum
2 years
If you didn't want to read the FT's tether coverage before...
@Tether_to
Tether
2 years
FT Article Goes Down Road of Tabloid Journalism
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Dan McCrum
2 years
Quote tweet friends, screenshot enemies
@MartinSLewis
Martin Lewis
2 years
When people, especially reactionary people, trend on twitter. If you click it, often the tweets seem to be from people saying "can't believe XXXXXX is trending, its a disgrace" - perpetuating the trend. Perhaps ignoring trends you don't like would be a better strategy?
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Dan McCrum
3 years
Wirecard used to claim it used AI all the time, while on the inside staff cobbled together spreadsheets
@i_woodford
Isabel Woodford
3 years
Over 800 European fintechs say they use "AI and machine learning". But so did Greensill, a company now on its knees and without any tech prowess to show. It begs the question: how many fintechs *really* use elite tech tools? And is a reality check due?
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@FD
Dan McCrum
4 years
ASTOUNDING Wirecard story from @samgadjones , Paul Murphy and @helenwarrell It was early 2018 when Jan Marsalek held a meeting in his palatial home in Munich to talk about a new project he was interested in: arming and training 15,000 Libyan militiamen.
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Dan McCrum
4 years
"Water running along a pavement will readily seep into every crack; so, too, did the unchecked coronavirus seep into every fault line in the modern world." Must read piece from @edyong209 For instance, every stat in this paragraph
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Dan McCrum
2 years
Apropos of nothing at all, a common tactic of liars is to answer a question with a question.
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Dan McCrum
2 months
Football news! Everton FC bidder 777’s funding structure starts to unravel Not just for sports fans. US insurance money was funnelled into trophy assets, throwing a spotlight on Bermudan regulators just as private equity makes the island its new home
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Dan McCrum
2 years
To celebrate the publication of MONEY MEN we are offering one lucky winner a signed copy of this real life thriller. RT to win, delivered to a UK address, winner drawn June 18.
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Dan McCrum
4 years
Attention today is moving to the Philippines, which is where the amazing @stef_palma went last year to look for Wirecard's partners and found a bemused sailor
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Dan McCrum
2 years
It's been seven wild years of adventures, weirdos and spies since the first House of Wirecard story appeared on Alphaville. Every twist and turn is in this book, which is going to be published in German on May 27
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@FD
Dan McCrum
6 years
This bears up well, so far. How the EU negotiates
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@FD
Dan McCrum
10 months
"To say that the Metaverse is dead is an understatement. It was never alive."
@thierry1018
Thierry Lillette
10 months
Lessons From the Catastrophic Failure of the Metaverse
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Dan McCrum
4 years
This government
@TBraithwaite
Tom Braithwaite
4 years
The head of the UK’s vaccine taskforce - no vaccine experience, retains her job in private equity, is married to a Conservative minister who went to Eton with Boris - disclosed “official sensitive” docs and told investors which drugs the UK might buy.
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Dan McCrum
4 years
New twist: immigration data showed Mr Marsalek arriving in Manila on June 23 and leaving for China the next day, but “CCTV footage does not show him arriving here and there is no record of any flight to China scheduled in the morning of June 24 from Cebu”.
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Dan McCrum
4 years
So many amazing details of the final months inside Wirecard, reconstructed here by @OlafStorbeck As you read it ask: if I were on the board, at what point would I have called the police?
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@FD
Dan McCrum
5 years
@stef_palma So Twitter locked my account yesterday. The tweets linking to the evidence informing our investigation were against the rules of this website, apparently.
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@FD
Dan McCrum
4 years
The House of Wirecard Half bond movie, half Dilbert cartoon
@OilSheppard
David Sheppard
4 years
The Wirecard fraud is a scandal for the ages. But has it also unwittingly revealed the futility of so many non-jobs in corporate office life? The saga has been half Bond movie, half Dilbert cartoon.
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@FD
Dan McCrum
4 years
With Tesla's results due next week and its production target in mind, I'll re-up this for the 500,000th time
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@FD
Dan McCrum
4 years
Money Laundering - enter the ’Ndrangheta Wirecard processed payments for a Maltese online casino that was later revealed to have laundered money for one of Europe’s most dangerous mafias. Scoop from @MilesMJohnson and me
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@FD
Dan McCrum
4 years
Catching up on yesterday’s news that Markus Braun has had his bail revoked, and Wirecard’s former CFO is in custody too. Prosecutors now think the alleged fraud started in 2015. They may want to have a look at the years before that as well.
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@FD
Dan McCrum
5 years
FT Statement
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@FD
Dan McCrum
4 years
The Wirecard fraud centres on faked documents. Where did we start last year? Whistleblower allegations of forged invoices and bogus contracts at its Asian headquarters
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@FD
Dan McCrum
2 years
Is there ever a more reassuring sentence than ‘don’t worry, your money is safe’?
@WatcherGuru
Watcher.Guru
2 years
JUST IN: 🇸🇻 El Salvador President says "if you invested in #Bitcoin your investment is safe and its value will immensely grow after the bear market."
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@FD
Dan McCrum
3 years
Got a book to write. Ok bye
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@FD
Dan McCrum
2 years
Why do we trust fraudsters? My piece for the Weekend FT takes a look at scams from Enron to Wirecard to explain why investors, staff and regulators keep falling for the big lie
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@FD
Dan McCrum
7 months
A boat leaves for India carrying coal. While at sea the price of its cargo unaccountably doubles…
@JohnReedwrites
John Reed जॉन रीड
7 months
More digging from @FD and @FT on the Adani coal imports that quietly doubled in value. “The data supports longstanding allegations that Adani…has been inflating fuel costs and led to millions of Indian consumers and businesses overpaying for electricity.”
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@FD
Dan McCrum
3 years
France is bacon
@NinjaEconomics
Ninja Economics
3 years
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Dan McCrum
4 years
Significant new Wirecard story by @OlafStorbeck @Tabby_Kinder and @stef_palma : EY failed for more than three years to request crucial account information from a Singapore bank where Wirecard claimed it had up to €1bn in cash — a routine audit procedure
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@FD
Dan McCrum
4 years
Wirecard scored a legal victory in London yesterday, as in the mind of Judge Ross Cranston fraudulent conduct by Wirecard just didn't make sense on the balance of probabilities. This Linklaters paragraph is one to file away:
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@FD
Dan McCrum
3 years
One of the best moments of our investigation was talking to Stefania after she visited the address of a supposed Wirecard payments processor outside Manila and found a fisherman's house. "Oh my god Dan, you won't believe it..."
@stef_palma
Stefania Palma
3 years
So pleased to watch the Reporterpreis award ceremony overnight - big kudos to @FD & team @murphyp @OlafStorbeck Thank you @reporterforum for the acknowledgement - here's link to @OlafScholz & Dan's speeches
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Dan McCrum
3 years
BaFin noted the “homogenous cultural background” of Israeli and British investors targeting Wirecard when summarising grounds for a suspected conspiracy. More incredible reporting from @OlafStorbeck
@OlafStorbeck
Olaf Storbeck
3 years
“BaFin’s statement is evidence of a deeply rooted siege mentality and a repulsion of Anglo American capital market structures... This language .. is unworthy of a German regulatory agency.” @DerDanyal nails it.
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Dan McCrum
4 years
Regulate, reduce harm
@IanDunt
Ian Dunt
4 years
This is a fascinating piece by @SteveTransform outlining a viable plan for the legalisation of cocaine, MDMA and amphetamines
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Dan McCrum
4 years
Wirecard acknowledged for the first time on Monday the potential scale of a multiyear accounting fraud, as the Germany payments group warned that €1.9bn of cash on its balance sheet probably does “not exist”.
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Dan McCrum
2 years
Skandal! Bringing Down Wirecard is 🔥🔥🔥 Terrific reception at the Curzon Mayfair last night, I can’t wait for the rest of the world to start watching it on Netflix tomorrow. Enormous thanks to the FT, Passion Pictures and Netflix. What a story to tell. #wirecardskandal
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Dan McCrum
1 month
Here's an interesting company: Fortnox, niche supplier of accounting software that only operates in Sweden, is valued more highly than Nvidia, the chip sensation. @CostasMourselas and I took a look at its metronomic growth and the short sellers circling
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Dan McCrum
1 year
Maybe unfollow the billionaire
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Dan McCrum
2 years
🚨Competition time 🚨 To mark publication of MONEY MEN, the stranger than fiction thriller about Wirecard's multi-billion dollar fraud, I have 2 proof copies to give away. To enter: predict the $ price of Tether at 10pm BST today. $0.9977 now Closest wins one. Reply to win!
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Dan McCrum
1 year
Thanks to everyone who queued up at the @IInews Berlin Summit yesterday. Scribbled in about 200 copies by the end
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Dan McCrum
1 year
The subway fold is a lost art
@davidbrear
David M. Brear
1 year
He also has a Nokia. Seriously. I’m oddly fascinated.
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Dan McCrum
3 years
Another banger from @OlafStorbeck
@FinancialTimes
Financial Times
3 years
Just published: front page of the Financial Times UK edition Wednesday March 24
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