| Photo: Wirecard Signage at one of its Office, Reuters | Wirecard AG, once a national pride of Germany and its answer to the giant US tech Companies has lost nearly 85 per cent of its market value and filed for insolvency being unable to pay off its debts just days after it was revealed that it had a $ 2 billion hole in its balance sheet. The cash was supposed to be held at two Asian Banks, though Wirecard has admitted recently that the missing billions may not even exist. This scandal has shuddered its investors and its credit rating has been withdrawn by Moody's. The Wholistic View encapsulates this sensational fraud which has been termed as one of the worst financial disasters in Europe since the financial crisis of 2008. (7 Min Read). For the last year or so, Financial Times(FT) Journalist Dan McCrum has been constantly reporting that German Fintech Company Wirecard was faking some of its revenue. Wirecard, on the other hand, had been fighting back aggressively by accusing
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