Tag: Canopy Financial

There Is No Substitute For In-Person Due Diligence

There Is No Substitute For In-Person Due Diligence

This week Wirecard announced that EUR 1.9 billion of cash is missing. A trip to the company's profit center would have spared investors from suffering a major headache and major losses. The Financial Times put forth a detailed case about Wirecard's red flag-waving accounting practices in its October 2019 article: "Wirecard’s suspect accounting practices revealed," … Continue reading There Is No Substitute For In-Person Due Diligence