This episode chronicles Wirecard's trajectory from 2006 to 2010. By acquiring ExCom to obtain a banking license, Wirecard dodged regulatory scrutiny and bolstered its financial capabilities. Despite facing regulatory challenges like the 2006 Unlawful Internet Gambling Enforcement Act, and internal issues linked to fraud and poor internal controls, Wirecard reported impressive growth and acquisitions. It further introduces key figures, including CEO Marcus Braun and young employee Jan Marsalek, setting the foundation for Wirecard's continued controversial rise.
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