Jun 19, 2020 • 2M

IDEA FRIDAY: Cash Balance Provenance Checks

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Anthony Pompliano
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To investors,

The German payments firm Wirecard admitted this week that Ernest & Young auditors could not locate more than $2 billion from their balance sheet. This came after the company had already postponed their 2019 annual report three separate times this year.

These accounting issues don’t come as a surprise to everyone. Wirecard has long been rumor…

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