Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Faculty & Research
  • Faculty
  • Research
  • Featured Topics
  • Academic Units
  • …→
  • Harvard Business School→
  • Faculty & Research→
Publications
Publications
  • June 2023
  • Case
  • HBS Case Collection

Dan McCrum - Unmasking Wirecard

By: Jonas Heese, Charles C.Y. Wang, Tonia Labruyere and Carlota Moniz
  • Format:Print
  • | Language:English
  • | Pages:35
ShareBar

Abstract

Dan McCrum, an investigative journalist for the Financial Times, had spent the past six years fighting to expose German payment processing firm Wirecard. The company had enjoyed years of exponential growth and was viewed by several investors as the poster child of Germany's tech sector. But to McCrum something smelled fishy and he couldn't help but wonder if Wirecard's true dealings weren't just hidden behind its complex business model. He started chronicling his suspicions of mass scale accounting fraud in his articles, but he could never had expected this would make him the target of several cyber attacks, spy operations and legal procedures. In June 2020, as Wirecard crumbles, McCrum reflects on his journey.

Keywords

Crime and Corruption; Accounting; Financial Services Industry; Journalism and News Industry; Europe; United Kingdom; Germany

Citation

Heese, Jonas, Charles C.Y. Wang, Tonia Labruyere, and Carlota Moniz. "Dan McCrum - Unmasking Wirecard." Harvard Business School Case 123-098, June 2023.
  • Educators
  • Purchase

About The Authors

Jonas Heese

Accounting and Management
→More Publications

Charles C.Y. Wang

Accounting and Management
→More Publications

More from the Authors

    • September 2023
    • Faculty Research

    Icahn Enterprises: Ponzi Scheme or Sound Investment

    By: Aiyesha Dey, Jonas Heese and James Weber
    • August 2023
    • Faculty Research

    Plug Power (B)

    By: Jonas Heese, Joseph Pacelli and James Barnett
    • August 2023
    • Faculty Research

    Plug Power (A)

    By: Jonas Heese, Joseph Pacelli and James Barnett
More from the Authors
  • Icahn Enterprises: Ponzi Scheme or Sound Investment By: Aiyesha Dey, Jonas Heese and James Weber
  • Plug Power (B) By: Jonas Heese, Joseph Pacelli and James Barnett
  • Plug Power (A) By: Jonas Heese, Joseph Pacelli and James Barnett
ǁ
Campus Map
Harvard Business School
Soldiers Field
Boston, MA 02163
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Accessibility
  • Digital Accessibility
Copyright © President & Fellows of Harvard College