Wirecard’s $2.1 Billion Hole Deepens After Forgery Claim

Wirecard's CEO was suspended after auditors found $2 billion missing. The company, with a history of scandals, faces potential bankruptcy as KPMG's audit reveals financial discrepancies. Investors are concerned as Wirecard's stock plummets, and loans may be called due to unverified funds.

What was the initial action taken by Wirecard after the auditors' revelation?

• They declared bankruptcy.

• They suspended their CEO.

• They issued new shares.

• They acquired a new company.

Which banks were mentioned in relation to the missing $2 billion?

• Philippine banks

• Chinese banks

• Indian banks

• Japanese banks

What was a significant factor in the drop of Wirecard's stock value?

• A natural disaster affecting operations

• A change in government regulations

• KPMG's audit findings

• A new competitor entering the market

What could happen if Wirecard fails to present audited results?

• They might expand into new markets.

• They could merge with another company.

• Their loans could be called by creditors.

• They might receive a government bailout.

What is the potential outcome for Wirecard if the missing funds are not found?

• They will launch a new product line.

• They will file for bankruptcy.

• They will relocate their headquarters.

• They will increase employee salaries.