The Wirecard scandal is drawing even more attention. The charges have now been expanded and the term "commercial gang fraud" is now being used.
In order to establish such a criminal system, several people must work together fraudulently so that such transactions remain undetected, says Prof. Friedl.
For at least five years, balance sheets have been embellished, turnover increased and investors deceived. Auditors have had forged receipts shown to them instead of having original documents provided by banks. There have been indications from outside for quite some time. But only a second auditing company was able to uncover the fraud.
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