The Wirecard Fraud - How One Man Fooled all of Germany

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3 жыл бұрын

The heavily requested video on the wirecard scandal. How can $2 billion just go missing? This story raises many questions about the regulatory bodies we all trust to keep the business financial system in line.
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Script by Fil Zivko
Sources:
www.reuters.com/article/us-wi...
www.itnews.com.au/news/trail-...
www.ft.com/content/284fb1ad-d...
www.ft.com/content/ac949729-6...
www.ft.com/content/03a5e318-2...
www.ft.com/content/f6e8a58a-2...
www.spiegel.de/wirtschaft/urt...
ftalphaville.ft.com/2015/04/2...
www.ft.com/content/d51a012e-1...
• Wirecard’s $2.1 Billio...
• Wirecard and the missi...
• Wirecard and the Curio...
• Half-Time of Digitaliz...
www.ft.com/content/e9d54dba-6...
www.ft.com/content/f697a093-4...
www.ft.com/content/ec986d0e-5...
www.nytimes.com/2020/06/23/bu...
www.forbes.com/sites/jackkell...
www.dw.com/en/former-wirecard...
www.wsj.com/articles/wirecard...
//Soundtrack//
Vesky - With You
A Zed And Two L's - Fila Brazillia
BUCK UK // Once
Frost - We Call It House
Nico De Andrea, Syon - Wish We Could (ft. Darla Jade)
Synkro - Midnight Sun (Helios Remix)
Burn Water - She Shines
» Music I produce | burnwater.bandcamp.com or
» / burnwater
» / coldfusion_tv
» Collection of music used in videos: • ColdFusion's 2 Hour Me...
Producer: Dagogo Altraide
Why are you still reading?

Пікірлер: 2 400

@vincentguttmann2231 3 жыл бұрын

One suggestion: Add the date of TV interviews and other video snippets to make some things a bit clearer.

@plung3r 3 жыл бұрын

Dagogo please take this suggestion

@hijack69 3 жыл бұрын

Everybody please upvote this

@vincentguttmann2231 3 жыл бұрын

@@hijack69 I see, you're a man of reddit as well.

@JP-re9xj 3 жыл бұрын

Dagogo is one of my favorite content creators, but his biggest flaw in his videos are unclear timelines. Dates/years are needed.

@vincentguttmann2231 3 жыл бұрын

@@JP-re9xj Yes. Especially in Videos like Enron, that cover years.

@barfymann362 3 жыл бұрын

Softbank Logic: "You're charismatic, here take my money!"

@barfymann362 3 жыл бұрын

@@pacifico4999 If you find Business or Investing interesting, I'd highly recommend looking up Peter Lynch's lecture (or even read his book). It's like he hit the nail on the head on what was to come, he chose boring businesses to invest in, he didn't focus on the "individual" but rather the business. He is popularly known for having said, "Invest in a business that even an idiot can run, because eventually an idiot will". I'd also recommend looking up, "James E. Burke and the Tylenol Crisis - a Lesson in Crisis Management". This was a time when CEOs were not celebrities, they weren't judged on being charismatic - it was much a creation of Hollywood and its addiction with making iconic stories, the American spirit. However, a smart investor - they'll dig deeper, they'll discard the facade of the person that talks big and fast, they won't be sold on just charm. I'm not criticising Masayoshi Son for being drawn to charismatic CEOs, however it is becoming a cautionary tail. Just think of how much of an average swing a single tweet from Elon Musk causes towards his Publicly listed businesses, in my opinion - we should focus solely on the business and steer clear of the overly enthusiastic charismatic types.

@barfymann362 3 жыл бұрын

@@pacifico4999 I will very much appreciate it, it's mind blowing the decision Mr. James E. Burke made at the height of what could've been possible the worst PR disaster; yet he persevered and was able to retain Johnson & Johnson's marketshare for Tylenol. Anyways, I do apologise for the rather long reply. I hope you find those subjects interesting, and do take care. Kind Regards.

@javidfarhan1675 3 жыл бұрын

I'd like to see you in a turtleneck

@barfymann362 3 жыл бұрын

@@javidfarhan1675 As the Mitch Hedberg joke goes, "Wearing a turtleneck is like being strangled by a really weak guy, all day. Wearing a backpack and a turtleneck is like a weak midget trying to bring you down".

@chillrawr9603 3 жыл бұрын

@@barfymann362 man you don't compare EM with charismatic type CEO he's a league of his own. If you watch closely on his Twitter he said multiple times stock to high and on earnings call he explicitly told the day trader if volatility scares you sell our stock and buy it again. It is completely opposite of your charismatic CEO here since they do care a lot more the share price while EM care more about the scale and improvements/innovations in that industry.

@yannikhornschemeyer6102 3 жыл бұрын

What I' ve learned form Wirecard and Theranos: If a CEO thinks he/she is the next Steve Jobs, he/she is probably quite the opposite

@amols101 2 жыл бұрын

The media gets ahead of themselves and gives these ppl labels like Steve Jobs.

@Vysair 2 жыл бұрын

Only Dr Lisa Su can compete

@reidleblanc3140 2 жыл бұрын

allow me to introduce you to a hundreds-year-old fixture of the english language: the singular they pronoun. no more clunky "he or she" necessary. brought to you by the middle ages.

@Ndlanding 2 жыл бұрын

@@reidleblanc3140 Thanks for reminding them. Maybe you should mention black polo-necks soon. Or was that a turtle-neck? Or a roll-neck? Or...

@Xwartu 2 жыл бұрын

Ouya!

@JoelPerez08 3 жыл бұрын

"how one man fooled all of Germany"... well, not the 1st time that happens.

@dennisa4220 3 жыл бұрын

You could write “ how one Austrian fool all of Germany .... well, not the first time this happens” if you want to be more specific and also right

@SacredDaturana 3 жыл бұрын

Dennis Assenov An Austrian with anger issues and a cult of personality, no less. Oh boyyy

@wolfgangsimonsiv9444 3 жыл бұрын

@@SacredDaturana please research the 13 families, fractional reserve banking, and the federal reserve.

@MrSp0iler 3 жыл бұрын

more like saved germany, pusi

@zeitgeistx5239 3 жыл бұрын

@@MrSp0iler Found the nazo nazi!

@orangebottle9657 3 жыл бұрын

Journalist: "So wtf is going on with wirecard?" CEO: "Uh we are very much like innovation"

@peekster0 2 жыл бұрын

Also CEO: "Stronk!"

@MattSuguisAsFondAsEverrr Жыл бұрын

he deadass speaks as if he learnt english only from american scifi movies

@AmmarTaicho 3 жыл бұрын

Softbank: Oh, you wear Steve Jobs clothes (turtleneck)... take a billion.

@atbiaol1929 3 жыл бұрын

That's how they work

@vikeshupadhyay7411 3 жыл бұрын

🤣🤣

@julienbengkee4445 3 жыл бұрын

A story on Softbank please.. Money laundering of Japanese 1% rich n powerful perhaps??

@jon-unicorn-doxxer 3 жыл бұрын

@@julienbengkee4445 Ah most Softbank money came from MIddle Eastern Wealth Funds tho,,, do you have links of that money laundering your saying?

@steveeisenburger6011 3 жыл бұрын

How many times has Softbank backed an idiot.

@dylanblomme4679 2 жыл бұрын

I can only imagine how amazing his neighbors felt after the man that was “going to buy your apartments” went bankrupt lmao

@futeramonfuturamet4830 Жыл бұрын

Don't think he'll be buying those apartments now!!! 💶💷💵💴🏢🏢🌁

@noxthemc7717 Жыл бұрын

That was my first thought

@RAZR_Channel 2 жыл бұрын

Whenever I hear someone called a "Genius" or "Visionary"... I'm like : Ok we'll see about that...

@Ndlanding 2 жыл бұрын

Every time I see/hear someone say "I'm like...", I score that person off my list of non-morons. As soon as someone says "And I was like...", they no longer exist on my list of people to put on my rocket. I'm only going to save decent folk.

@andrewhawkins6754 2 жыл бұрын

"We're gonna test that!" (to quote project farm)

@pastelmacaroon 2 жыл бұрын

@@Ndlanding I guess majority of people in my country are morons then (including me)

@Ndlanding 2 жыл бұрын

@@pastelmacaroon 'fraid so. (PS: You say "the majority".)

@pastelmacaroon 2 жыл бұрын

@@Ndlanding please explain

@SOFTWAREMASTER 3 жыл бұрын

I am a CEO of a company and I wear Steve Jobs like clothes... Soft Bank: Say no more fam!!

@TheRealFlenuan 3 жыл бұрын

a billion dollars lmao

@aleksandram981 3 жыл бұрын

Soft bank: INVESTTTTTTTT!!!!!

@ThePeacePlant 3 жыл бұрын

Haven't heard the say no more joke in a few years

@legendofJupp 3 жыл бұрын

My stupid brain!!!! I read: "I am a CEO of a company and I swear Steve Jobs likes clothes..." and for a whole minute I was going like "wtf is this guy trying to tell me"

@Hellsong89 2 жыл бұрын

To be fair, it sounds like soft bank is under globalist control and they use their name to bump up these scam start ups so it grows big and its made finally to implode certain ones get huge profits, while rest like pensioners take the real hit, with out even knowing about it. If i were to invest my limited extra capital to stock, i sure as hell would not put it on anything that someone else tells me to put it. Its far safer to invest it property even though the return is less, but its physical object and at very least worth its weight in material alone. If it has utility purpose that is common like tool then it has utility value. Add age and interest.. now its far more valuable. Restore it, price jumps and if nothing else you have tool to use.

@PbVeritas 3 жыл бұрын

In case you did not know: Braun isnt german, he is austrian... Seems like Austria has a habit of stirring up Germany

@JPR3D 3 жыл бұрын

Glad to see Godwyn's Law still holds up.

@afd1040 3 жыл бұрын

Always sending their worst /s

@frankschneider6156 3 жыл бұрын

Maybe somebody should build a wall. Oh wait ...

@hijack69 3 жыл бұрын

@@afd1040 "When Austrians send their people, they're not sending their best people folks" -Hitler circa 1930 , I guess

@thetaomega7816 3 жыл бұрын

@@8LegoVogel8 mozart wasnt from austria :(

@nadesaria 3 жыл бұрын

scam company: im a "tech" company Softbank: ok here's 10 billion dollars

@josepharmstrong1531 3 жыл бұрын

Maybe I should email SoftBank about pitching a company called "literally a tech startup"

@mthobisimhlungu6252 3 жыл бұрын

@@josepharmstrong1531 make sure you include a picture of yourself in a turtleneck

@tie_6583 3 жыл бұрын

Very good point, this company was audited for 8 years in a row by big 4 firms and the found nothing. Makes me question their competence.

@camerontodd9571 Жыл бұрын

I shouldn't be saying this but alot of the work is done by the inexperienced people, the ones who know what theyre doing usually just oversee it and it can lead to some poor work.

@RottenRascal77 Жыл бұрын

i worked for a few years at one of the big 4 firms and i'm not surprised that they supposedly found nothing. Bosses there often turned a blind eye to problems to satisfy or keep their clients even if it's wrong and against regulation.

@SIRDKA 11 ай бұрын

Cash and bank are often given to the most junior member of the audit team to audit, as it is normally straightforward. Big mistake in this case.

@erik-001- 3 жыл бұрын

If the CEO of a company dresses like Steve Jobs they immediately should be investigated

@SlowDay1651 3 жыл бұрын

@Anonymous lmao I just noticed your comment, I'm late

@mariaasombrada3964 3 жыл бұрын

Agreed.

@toomanyaccounts 2 жыл бұрын

probably because just like Steve Jobs they stink like a giant pile of poo

@amols101 2 жыл бұрын

😂👍

@andrew_koala2974 Жыл бұрын

@Anonymous Learn that acronyms and CORPORATE {legal} names are always written in ALL CAPS If you were operating in a state of consciousness and paid attention to detail - you would know that. Except that you were programmed to be a ZOMBIE ZOMBIEs have eyes but cannot see - ears and cannot hear

@iamdmc 3 жыл бұрын

Good rule of thumb: if softbank invests in it, sell.

@ExySmexy 2 жыл бұрын

their ceo has a talent for investing in fraudsters

@Vysair 2 жыл бұрын

Goldman Sach is a huge red flag

@inpusket 2 жыл бұрын

Conaidering their golden goose was Alibaba wich is clearly not about knowinv the market or even luck but deals with the CCP makes it more of a shit corporation.

@siddskedare6969 2 жыл бұрын

Especially reliance in india

@JAYFULFILMZ 2 жыл бұрын

🤣🤣🤣

@mvmv-pn8zt 3 жыл бұрын

It’s amazing how often all these smart people in the finance industry fail to spot crooks.

@Wrex327 Жыл бұрын

Apparently their minds turn off when they hear “A.I, machine learning, algorithms…”. I feel like simply on those words they change their assumptions in DCF and assume that company will have massive growth.

@thomasb7347 Жыл бұрын

It's easier to fool someone than convince someone they were fooled. They think since they are big shots with knowledge so how could small time crooks fool them?

@rustinn5390 11 ай бұрын

To many investors, it’s not about spotting the crook. It’s about knowing when to let go towards the end of a massive game of hot potato. Unfortunately not many investors have the sort of prudence to refuse investing in a sham.

@virupakshawalla5734 7 ай бұрын

Yes takes years to discover that is emperors Penis as he has no clothes on. One in Singapore in 90s? a bloke from a council house was left in a back room unsupervised and un regulated because he was making money for them. Bonuses were being payed. Enron etc etc. UK is run by crooks in financial sector from top to outliers like lying Farage. Risk taken out profits assured. Capitalism is nowhere to be seen where risks and rewards act in balance. Onlyba revolution will change the system and the new one will soon be corrupt. Buy at least Xi whips their kidney out. We just let them go again or avoid prosecution in rare cases with expensive lawyers. US locks some up, if few. Uk just pats them on the back.

@TESkyrimizer 3 жыл бұрын

Financial times: "So why did you list a fake branch office in the Phillipines?" Wirecard: "something something ARTIFICIAL INTELLIGENCE" Softbank: "sounds like a solid deal to me"

@saltylad2107 3 жыл бұрын

"Machine learning" i.e. Excel spreadsheet. lmao

@JR-mw9jb 3 жыл бұрын

windows notepad

@AlexSchendel 3 жыл бұрын

I mean, if humans can be called machines I guess 😉

@patternwhisperer4048 3 жыл бұрын

You can do linear regression on excel, so yeah

@barfymann362 3 жыл бұрын

@@patternwhisperer4048 yeah so

@Skiplegday1 3 жыл бұрын

Stating from his interviews, you could tell he had no clue what he was actually talking about. Throwing around fancy words as a distraction and selling point seemed to work surprisingly well though.

@fitfogey 3 жыл бұрын

I find it more impressive that instead of AI, employees used excel to do something proficiently.

@itsonlyafleshwound9024 3 жыл бұрын

Thats just because excel runs through the veins of (german) business accountants.

@AR-ws1gr 3 жыл бұрын

@Scomo-maccas adventure i was going to say the same. If AI catches up to german instinct for this, they've arrived

@josepharmstrong1531 3 жыл бұрын

It's just that there are so many more programs (with some for free) that does those jobs way better than what excel can do.

@allanhouston22 3 жыл бұрын

pretty much how AI is mostly being done these days in most companies. this guy wasn't the only one bullshiting, my CEO is doing exact same points (IT consultancy) and using Excel for AI/Big Data while the customers believe in something else. With cloud apps you will never disclose your crappy implementation, cloud is great for fraud and selling "air"

@basilmcdonnell9807 3 жыл бұрын

Proficiently? The company was a fraud and went bankrupt. What part of that was proficient? Crummy companies live off spreadsheets. Not good ones.

@tanya292 3 жыл бұрын

At this point I’m surprised SoftBank didn’t invest in theranos

@MistaTofMaine 2 жыл бұрын

I know SoftBank seems to make a lot of bad investments, yet has plenty of money.

@ivormonaco 3 жыл бұрын

I'm impressed at how slick and professional this channel is. Its reports are as good as anything I've seen on the best known international TV stations. Congratulations!

@michelbruns 3 жыл бұрын

I’m from Germany and I have never used or even seen wirecards “products” or services except from the news of course

@anshuman2089 3 жыл бұрын

For that German need to use debit / credit cards first.

@MathiasBacher 3 жыл бұрын

Me too

@michelbruns 3 жыл бұрын

@@anshuman2089 we use debit cards more than cash i believe

@mateuszzimon8216 3 жыл бұрын

@David Parry *cough* Curve *cough*

@Orca-hp4zx 3 жыл бұрын

Anshuman Nayak 🤦‍♂️

@Jackisaboss1208 3 жыл бұрын

Worked for Bosch when the Dieselgate scandal hit. Currently working for the EY Assurance business, I swear these scandals follow me

@basicincome549 3 жыл бұрын

Please tell me where you go next.

@halohaalo2583 3 жыл бұрын

Yeah where you gonna work next im buying puts

@namenlos40 3 жыл бұрын

Now we know where or who the problem is. :-)

@full-timepog6844 3 жыл бұрын

Stop frauding jack

@hansalbers4554 Жыл бұрын

I hear HSBC is hiring

@Arhats_Corner 3 жыл бұрын

Company: Is *shady* but does "tech" Softbank: "I'll take your entire stock!!!"

@DutchManticore 2 жыл бұрын

"He would even take out large loans with his shares as collateral" Even?! That's absolutely a bog standard way of raising cash for equity billionaires

@rileycorrigan5593 Жыл бұрын

I know right? I found it to be a strange phrasing as well. Still, there definitely is a level of absurdity in the status quo.

@SkepticalChris 3 жыл бұрын

Softbank needs a video of their own... And if you've made one, then a sequel

@The77SpaceMan 3 жыл бұрын

@tingkai shi In the WeWork video he mentioned that he would make a Softbank video sometime. I reaaly want to see that as well

@Swordhero111 3 жыл бұрын

They have legitimately good investments too such as ARM, but yeah idk they seem to throw around a lot of money

@dankestranch8738 3 жыл бұрын

Agreed lol

@zaghale1520 3 жыл бұрын

@@Swordhero111 maybe cuz they have a lot of em ..lmao

@jc.1191 3 жыл бұрын

@@Swordhero111 I think arm was already developed

@michaelcao53 3 жыл бұрын

This company is also invested by Soft Bank like WeWork. Masayoshi Son really can't get a break.

@flatearthfatboy9589 3 жыл бұрын

Dude is too trusty

@t0taalFrixx 3 жыл бұрын

I think I will apply for a “loan” at his office. Seems he likes giving out cash and not wanting it back.

@durcheinander5554 3 жыл бұрын

Idk, a quick google search tells me SoftBank runs the biggest tech fund in the world. They probably invest in every company that counts.

@WobblesandBean 3 жыл бұрын

If he's this incompetent, then maybe he doesn't deserve to catch one.

@Zen_Power 3 жыл бұрын

I would laugh if SoftBank also invested in Nikola too. Probably still giving Bernie Madoff money for his fund.

@dr69_420 3 жыл бұрын

me buys a black turtle neck goldman sachs, rupert murdoc, softbank: Ah yes a man of culture, here take the gdp of south america and go nuts

@ryancollis5123 2 жыл бұрын

😂😂😂😂

@1972dsrai 2 жыл бұрын

Ernst and Young have a lot to answer for, as it's them who signed off on the accounts for several years without questioning anything.

@AgeingBoyPsychic 3 жыл бұрын

OMG I worked for a Wirecard call center in Leipzig for about a week. It was horrendous. Had to do an UNPAID week long course on recognising fraud before being allowed to work there... By the way, "Braun" is pronounced "Brown" in German (and also means brown).

@AgeingBoyPsychic 3 жыл бұрын

@@SnoopyDoofie I'm German and Braun is pronounced like English "brown" and the dictionary agrees with me (click the audio sample) www.dict.cc/?s=braun

@AgeingBoyPsychic 3 жыл бұрын

@@SnoopyDoofie If you want an example as Braun the name from KZfaq, voila: kzfaq.info/get/bejne/aatoibOct6qwcqs.html How do you not know this if you live in Germany?! Are you at level A1?

@citationneeded8181 3 жыл бұрын

@@SnoopyDoofie What are you talking about? It is pronounced brown. How can someone be so confidently wrong about something so easy to check? Dunning Kruger effect in action!

@citationneeded8181 3 жыл бұрын

Yeah it blew my mind to find out in German class that Eva Braun was actually pronounced Eva Brown lol

@AgeingBoyPsychic 3 жыл бұрын

@UCgFxIT5x5_kL-IdPTSAds1g @snoopydoo here it is from Der Spiegel kzfaq.info/get/bejne/p9dhfpd_st3cdZs.html

@carjac820 3 жыл бұрын

When a CEO wears a suit, he runs an evil company When a CEO wears a hoodie, he runs a great tech company When the CEO wears a shirt, he runs an innovative company When a CEO wears a turtleneck and he's not Steve Jobs, he's a fraudster.

@indexwell6546 3 жыл бұрын

What do you mean, "evil" as in greedy?

@miztreblu 3 жыл бұрын

"he/she is a fraudster"

@havyn88 3 жыл бұрын

I think you can leave out the "and he's not Steve Jobs" part.

@patjohn775 3 жыл бұрын

The blood girl Holmes did this

@patjohn775 3 жыл бұрын

MsTre Blu “they are a fraudster”

@ralcool5932 3 жыл бұрын

Thankyou Dagogo. The music, your tone of voice. Calm and concise. I enjoy your work.

@starwolf99 2 жыл бұрын

When your CEO looks like the villain from Robocop, it's time to bail.

@jarjarblinks5470 3 жыл бұрын

Can you make a video on how firms are doing right now in which SoftBank has invested over all these years.? I think it will be interesting to see

@vigram-a 3 жыл бұрын

Actually SoftBank itself should do that, else if Confusion TV does it then they cud probably ask money from SoftBank for their work...u know SoftBank itself doesn't seem to be doing a good job at that...LoL

@felixseiler4467 3 жыл бұрын

Im from munich. I have a lot of friends working there, still. Unanimous verdict: Scam from the start

@GrigoriyMikhalkin 3 жыл бұрын

Is it still working and issuing cards? As far as i know, Crypto.com european cards managed by Wirecard. Just wondering, what happens to them, when Wirecard finally stops operating.

@felixseiler4467 3 жыл бұрын

@@GrigoriyMikhalkin My understanding is that these cards are issued by the Wirecard Bank. Which is its own company. So the funds there cant be touched by wirecard since going bancrupt.

@MetallicReg 3 жыл бұрын

Honestly I never believed this company (even when they still showed "great" numbers) - was way too suspicious to invest in them. At last my gut feeling payed out a bit.

@felixseiler4467 3 жыл бұрын

MetallicReg Absolutely. Something didn’t feel right. With you on that.

@radigeorgiev9662 3 жыл бұрын

@@felixseiler4467 I live in Munich as well! I was today at their office. The new CEO was there at 20:00 o'clock working. I was surprised to see that. What possibly can he do when the company is already done? :D Just a curious question which I don't insist you answer, I am just really curious - did the employees already get their first paycheck since the June crash? I heard they don't get paid.

@Lily-kh8dc 2 жыл бұрын

Hi Dagogo, thanks for this good content. Clear explanations and good sequencing. I've watched a few of your doccies and I haven't been disappointed. Thanks and well done!

@JamesMakoni 3 жыл бұрын

As a Payoneer customer I was directly affected by the scandal. My debit cards couldn't work for about 4 days. My friend's mom was due for a cancer treatment but because the funds on their cards were frozen too they couldn't go.

@placeholderdoe Жыл бұрын

Sorry about the treatment thing, hopefully it got resolved quickly

@SIRDKA 11 ай бұрын

Payoneer cards operated under wirecards UK subsidiary. There was no fraud at that subsidiary but the UK regulator froze it's activities , temporarily as a precaution. It's a shame you were impacted unnecessarily

@yay-cat 3 жыл бұрын

this reminds me of the Steinhoff scandal we had in south Africa a few years back. like it's an international holding company that sponsored some of my University's sports teams but there was some clever accounting funny business. So somehow the company recovered and the CEO, also Markus (Jooste), is free with some court cases. No African millionaire's will ever go to jail (like they get to stay at home because of heart conditions or whatever)

@tshepishochuene1280 3 жыл бұрын

The Steinhoff saga was a classic case of market manipulation. Hence Marcus Jooste is still a free man. It's a classic tactic used by major banks and firms everywhere every day

@fullmetaltheorist Жыл бұрын

Rich people are above the law in South Africa and Africa in general.

@swiperthesniper7355 3 жыл бұрын

its a good day when coldfusion uploads

@arthurmorgan8966 3 жыл бұрын

Wirecard was using sftp to exchange financial information stored as csv files when I worked at a telco company that used them for all payments. That was 4 years ago, not early 2000s. That should tell you everything you should know about their “tech”

@raychelleinjete4024 3 жыл бұрын

Thank you for a well researched presentation. It teaches Start Ups a lot about what goes on in the tech industry

@_thereswaldo 3 жыл бұрын

I GOT AN AD BY A LAW FIRM TELLING ME TO CONTACT THEM FOR A CLASS ACTION LAW SUIT AGAINST WIRECARD IN THE MIDDLE OF THE VIDEO 😂😂😂😂

@jc.1191 3 жыл бұрын

Nice

@savvasaam7644 3 жыл бұрын

Every time i hear a stream of words including "innovative, machine learning, ecosystem, the future" I stop listening. Very clearly a scam. When people talk about the business models that really exist and really work, they speak in another way.

@RatedFforFUGlenda 2 жыл бұрын

This is when it worth listening this is when you get ready to short sell

@hydrazine884 Жыл бұрын

"Harnessing the power of AI and Deep Learning to provide Innovative Solutions" See shit like this all the time on billboards on the side of the highway, just a mess of stupid buzzwords

@Gumplayer2 Жыл бұрын

peopel love to listen bullshit, so it is widely provided.

@romxxii Жыл бұрын

there were legitimate businesses in the late 2010s which wanted to ride the machine-learning wave (including my current employer) to varying degrees of success. So back then, he wouldn't have been too out of place among other tech execs scrambling to add machine learning to something, be it their actual product or their process.

@codybyars 2 жыл бұрын

I can't get enough of your videos! I know there is surely a limit to how many you can do, how many you want to do, how many you can do the research on to make with the quality of info you do. That said, I want so much more than is realistic for me to expect or crave from you. I also know that you take an outstanding measure to relay the facts of recorded history in a nonbiased true to what you find historical; fashion. Maybe those findings are part or fully conjecture/speculation historical recordings but you make it a practice to point out which is which while reporting on it so that we can make our own conclusions based on the recorded historical information. I love your stuff and hope that you keep it up.

@lostonthetube2832 3 жыл бұрын

Thanks bro.Need to find some quick resume about the scandal.You did it really well. Peace.

@michelvieira2267 3 жыл бұрын

Hi I am from Brazil... and use KZfaq heavily since 2008 and I come forward to tell you that among all amazing Channels we got on YTB yours in my view is easily the BEST from the format narrative and also your minimalist view is amazing. Congratulations for you outstanding job. Be proud of yourself because you deserve it! Ohhh Muito obrigado Pelo conteudo! Cheers!!!!

@camerontodd9571 Жыл бұрын

so true

@oseiasalvesalves4542 Жыл бұрын

Concordo

@ASLUHLUHCE 3 жыл бұрын

Even if the business were successful, I think comparing him - founder of a payment processing and banking company - to Steve Jobs is a bit absurd

@childofcascadia 3 жыл бұрын

I think you totally missed what dude was saying. Nothing about what he said was fanboying steve jobs. He was saying there wasnt much similar about the two.

@Thatslifebro_ 3 жыл бұрын

Steve Jobs is synonym of success and innovation at this point. If someone says X is the new Steve Jobs it is a way of saying that X has the same potential to make everyone money. It's not literally about them beeing similar in personality or field. Those people usually lean into it heavily because beeing compared to Jobs in any way, shape or form already creates some amount of trust and success. It's a free stock value booster, if you have to wear a turtleneck for a couple more % then so be it. It's also about ego. Many of the CEOs in Cold Fusion fraud videos start to buy into their own propaganda. They actually believe they are geniuses before everything comes crashing down upon them. The confidence that gains them sells well. Them starting to wear Turtlenecks is the tech world equivalent of wearing crosses in christianity. "I can do no wrong, i wear a cross and i am therefore holy."

@tuffasgong 3 жыл бұрын

Why? What was jobs more than really a personality? He rode on the coattails of smarter ppl e.g. Wozniak.

@Thatslifebro_ 3 жыл бұрын

@@tuffasgong welcome to reality, a place where no one gives a shit about true acomplishements and only about appearanced.

@conors4430 3 жыл бұрын

In someways he sounds very like Steve Jobs from the 80s. Dude was a complete fucking tyrant. But at least he had a good idea, he was ruthless and uncompromising and a terrible human being for a long time in many ways but his business wasn’t based on fraud

@domicioannioulpiano6845 3 жыл бұрын

One of my favorite channels if not the one. Thanks for all the efforts!

@jameammarijr.2248 2 жыл бұрын

i am now addicted to your channel bro, the story telling and the background music are simply sublime

@JemaKnight 3 жыл бұрын

It is wild to me that a company who made their name acting as an acquirer for online casinos and porn sites could ever have made it this far into the game before real questions started being asked.

@noverdinho 3 жыл бұрын

You rock ! Just 3 weeks ago i Watched WSJ short doc about wirecard and mentioned you by name, wondering whether you would make one hahah keep up the good works mate !

@pratikvyas9626 3 жыл бұрын

Dagogo, ur study n journalism is beyond satisfaction. U R EPIC!!!!

@MarkSchouls 3 жыл бұрын

You're one of the best on KZfaq! I love your videos! Keep up the incredible work.

@vatanrangani8033 3 жыл бұрын

"Enron of Europe"

@SirKenchalot 3 жыл бұрын

OK, from now on, if you see anyone wearing a black turtle-neck, withdraw your money and run!

@dmhendricks 3 жыл бұрын

@Jay Talents True, only scammers wear black turtlenecks these days.

@nanolog522 3 жыл бұрын

I watch this video at 2x speed, and the Bloomberg interview with Braun is amazing.

@WarriorsPhoto 3 жыл бұрын

Hey Dagogo thank you for all the work that you do to make these videos. I enjoy your videos a lot. Speaking of that enjoyment this is another of those videos that I enjoyed. I see this happening at Corporations all the time. People want to accomplish more than their predecessor and will go to any lengths to do so. It's unfortunate to see since we can all do well when we do all that we are capable of doing. Instead of attempting to be someone else or surpass them. I am excited for your next video and will be on the look out for it. (:

@williamhild1793 3 жыл бұрын

Because I am a terrible, horrible, rotten, awful person, there's nothing in life I enjoy more than seeing these kind of executives get humbled, humiliated, and embarrassed! It's fine to have a lot of money, but when you think that having the money entitles you to treat other people like your own personal whipping posts and playthings, that really gets to me.

@SergioMartinez-rg6xr 3 жыл бұрын

Thank you for this video. I appreciate your unbiased presentation coupled with your polite demeanor, which is a pair of qualities in deficit on youtube.

@stefannewels1823 3 жыл бұрын

Thank You for that very well made summary!

@taripanye9723 3 жыл бұрын

Hi Dagogo... my attention was drawn by your name. Sounds like names from the riverine parts of Rivers State. Glad to see someone from here doing great things. I really love your documentary series a lot. Thanks

@mujahid_riad 3 жыл бұрын

Wow...looks like softbank can't just stop investing in disastrous startups

@frankschneider6156 3 жыл бұрын

Well the issue is: that thing was not a "startup", but listed on the DAX, that's the German equivalent of being a member of the DJIA.

@chevychase3103 3 жыл бұрын

@@frankschneider6156 so was Enron!

@AlphaCentauri24 3 жыл бұрын

So SoftBank's Mayoshi Son is actually a complete tool who simply spreads his bets.

@S3Cs4uN8 3 жыл бұрын

Not the worst idea when it comes to tech companies, even if you bet on 10 and 9 collapse that one that remains is still gonna return a chunk of cash.

@Joseph-mw2rl 2 жыл бұрын

@@marcuschan3066 you mean some complete catastrophe like wework and wirecard?

@glyboual 2 жыл бұрын

Tools with billions, still a tool

@Vini-BR 3 жыл бұрын

Dagogo is a big tech enthusiast like myself. I like that he tells a bit of the history of technology along with the history of the companies behind it and also that he is open-minded to dismantle the frauds and lies of capitalism, both with a broad critical view of the financial system and also under the magnifying glass, company by company.

@panzerkeks8530 3 жыл бұрын

The way the CEO answers the questions at around 06:40 you immediately know the guy has no idea, just empty words

@AmmanH199 3 жыл бұрын

Mr. Coldfusion, I want to thank you for making this video. I’ve been following the Wirecard story since the begging it’s been hand hard to understand as US Bankruptcy law / Business Law is different. Also the idea of insolvency has never been applied her in the US.

@michaelSmith-ei9ws 3 жыл бұрын

Can you do a video on steinhoff. It’s known as the Enron of South Africa and Africa for how big they were globally and how the accounting scandals hurt the accounting industry in South Africa from being number one in the world to 7 Th

@Drew791 3 жыл бұрын

As an investor if I hear the word "innovative", I would run

@olegkrasovsky4363 Жыл бұрын

Truly enlightening! Thank you for the video.

@kevinpedersen5290 3 жыл бұрын

at Bambora we had the motto "Money are never missing" Bambora is also an acquiring company acting as middleman between end customer and stores. So this is something that hits close to home.

@futeramonfuturamet4830 Жыл бұрын

The money's never missing eh? I highly doubt that!

@GioParedes 3 жыл бұрын

My eyes widens when you mentioned the Philippines. As a Filipino, I personally never heared the company Wiredcard before.

@GioParedes 3 жыл бұрын

@@kiane9465 Majority of Filipino does not know about Wiredcard.. Including me.

@marga8732 3 жыл бұрын

Gio Paredes Same…I nearly shouted: “What!?” when he said that.

@marga8732 3 жыл бұрын

@Cyberdemon Mike Who asked you? Troll.

@indradutta8289 2 жыл бұрын

@CYB3R2K30 racist

@indradutta8289 2 жыл бұрын

@CYB3R2K30 ur comment is very racist especially to the asians

@afrobarbie-sustainablelife7178 3 жыл бұрын

Softbank literally invests in all the scam companies 😂😂😂

@lean.2366 2 жыл бұрын

S it on my face, queen

@SoftSpokenShank 2 жыл бұрын

@@lean.2366 Bruh

@rogerstoodley7113 2 жыл бұрын

Awesome channel bro. Greetings from Newfoundland Canada!

@bluesunproductions9079 3 жыл бұрын

Really nice job on this. You did better job the every news outlet that covered this. Keep up good work

@my5cents4u 3 жыл бұрын

Awesome documentation and presentation as usual! Love this channel!

@AnExcitingFear Жыл бұрын

Thank you very much for your content. Keep up the fantastic job you and your team are doing. Thank you so much 👏

@umaskanda1101 3 жыл бұрын

I am learning a great deal from your videos. Thank you very much.

@johnzee691 3 жыл бұрын

Coldfusion is one great channel I have to say. Love your work.

@dayglowfunkyjunky 3 жыл бұрын

Dude. That was like last month!! I'm so used to your videos being like the 90's or 2000s

@davidhill6899 3 жыл бұрын

These videos are brilliant dagogo.

@user-jn1fp3uf2u Ай бұрын

Excellent job, @Icloud__boss1-I'm delighted you're out there fighting these jerks. We must do everything possible to protect the elderly and the general public from these vile con artists! You deserve it!! Big up, brother, you deserve the Nobel Peace Prize for keeping us safe.

@dannydanny2093 3 жыл бұрын

I've paused after a minute or so just to say I appreciate your work, Dagogo. The turnaround on getting this video out is amazing. I must also say that by scrolling to the comments I've already seen that SoftBank are an investor. Hahahahahahaha.

@Thundergear007 3 жыл бұрын

man kind of unlucky you uploaded this today just today news were released that the chief of the asian branch Christopher B. who was kind of the right hand man of Jan Masalek (mentioned at 13:57) suspiciously died i would love more input on that

@mateuszzimon8216 3 жыл бұрын

@Bob Landers They tell Russia or Belarus

@chevychase3103 3 жыл бұрын

Nah, he pulled an Epstein! LOL

@Thundergear007 3 жыл бұрын

@@chevychase3103 yes, that is what i think as well

@generalalduin9548 3 жыл бұрын

Soft bank: “so, why should we give you money?” CEO: “well, I wear a turtlen-“ Soft bank: “say no more.”

@AndyinMTL 3 жыл бұрын

lmaooooooo

@kekfreedomheritage5633 3 жыл бұрын

Good info. Nice overall videos. Keep up the good work.

@aritragupta4182 3 жыл бұрын

Did Dagogo forget to include the clip of Markus Braun screaming at a town hall meeting?

@aritragupta4182 3 жыл бұрын

@Eff dees 6:00

@HavaWM 2 жыл бұрын

I had the same question! I was there for that, and then…nothing.

@douglasfneves 3 жыл бұрын

I freaking love ColdFusion

@bazil83 3 жыл бұрын

Something very trivial here, having just watched a few of your videos, but your musical taste is great! Lots of bass house! 👌🏾

@hope4247 3 жыл бұрын

Great job done, weldone coldfusion

@kevindelacruz2602 3 жыл бұрын

Hi! I'm from Philippines. I did not expect that my country was involved in this scandal. Nice video though. Keep it up!

@quitegauche 2 жыл бұрын

Ikr? I wasn't expecting Philippines to be involved in Western scandals of this sort but that was an interesting segment lmao

@gauravclient 3 жыл бұрын

There are loopholes in every system and these people are very good in manipulating them.

@trangenusa 3 жыл бұрын

Another GREAT VIDEO Documentary, Thanks so much

@rileysamuel4360 2 жыл бұрын

The amount of investigative journalism that cold fusion does makes me so fucking great full.

@PaulShare1 3 жыл бұрын

Very informative, great video. As discussed it is amazing that the regulatory bodies, like in 2007, continue to find it so difficult to do their job affectively.

@isaacsouza17 3 жыл бұрын

Would be awesome to see a video about the impact that the free and open source software model had on the world. Not many people can appreciate its scale.