In 2017, the Steinhoff furniture company had a market value of around 7 billion euros, which vanished into thin air within minutes.
At the container rental company P&R, more than a billion euros in investor money has been lost since 2018, but the climax was marked in 2020 by the then Dax group Wirecard, where more than 10 billion euros in market value were destroyed in a short time when the accounting scandal publicly and officially has been.
Stunning numbers.
And breathtaking cases that damage Germany as a business location in two ways: First, trust in the functionality of the authorities and the regulations of the business location in general.
And secondly: The cases are a deterrent for small investors to do more for private retirement provision themselves.
So is Germany a paradise for capital fraudsters?
Less than a year after the historic Wirecard scandal, what exactly can we learn from this fraud case?
And what has to happen - and is happening - in order to restore the financial center?
In this podcast, Katharina Slodczyk, Wirecard expert and financial market correspondent for manager magazin, and Sven Clausen, one of the two editors-in-chief of manager magazin, provide information and discuss this.
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