The Meb Faber Show · Friday, July 17, 2026
Carson Block discussed the Wirecard scandal as an example of prolonged corporate fraud, noting that critics were active as early as 2008, but the company only collapsed in 2020. He highlighted how German prosecutors investigated journalists for manipulation, showcasing the complexity and "evil genius" of the perpetrators.
“I mean, like how long did Wirecard last?”
“That lasted like decades, right?”
“Well, it blew up in 2020.”
“The earliest critics were out there in 2008.”
“And the German prosecutors actually investigated the financial times journalists for manipulation and corruption because Wirecard did something really smart there.”
“I mean, these guys were evil geniuses.”