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Money Men

A Hot Startup, A Billion Dollar Fraud, A Fight for the Truth

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Money Men

By: Dan McCrum
Narrated by: Dan McCrum
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About this listen

Brought to you by Penguin.

When investigative journalist Dan McCrum first came across Wirecard, the hot new tech company that looked poised to challenge Silicon Valley, it all looked a little too good to be true: offices were sprouting up all over the world, they were reporting runaway growth and the CEO even wore a black turtleneck in tribute to Steve Jobs (or perhaps Elizabeth Holmes). In the space of a few short years, the company had come from nowhere to overtake industry giants like Commerzbank and Deutsche Bank on the stock market.

As McCrum began to dig deeper, he encountered a story stranger and more compelling than he could have imagined: a world of short sellers and whistleblowers, pornographers and private militias, hackers and spies. Before long, he realised that he wasn't the only one in pursuit. Shadowy figures were following him through the streets of London, high-flying lawyers were sending ominous letters to his boss and he even received a criminal complaint from financial regulators. Now the race was on to prove his suspicions and clear his name.

Based on inside sources and a years-long paper trail, this is the riveting inside story of the Wirecard fraud, a multi-billion-dollar house of cards that turned Germany's biggest new tech darling into an international investigation. Uncovering fake bank accounts, fake offices, fake journalists, a fake kidnapping and possibly even a fake death, McCrum offers a searing exposé that will finally reveal the truth.

©2022 Dan McCrum (P)2022 Penguin Audio
Business & Careers White Collar & Corporate Crime Exciting Business Boss
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Critic reviews

"Dan McCrum's deep dive into Wirecard was the financial investigation of the decade. Money Men tells the story from inside Wirecard's headquarters with entertaining drama and verve, but it also unspools the high-stakes reporting process McCrum and his colleagues carried out at the Financial Times against the odds. It instantly enters the canon of great financial crime books." (Bradley Hope, co-author of New York Times bestseller Billion Dollar Whale)

"A milestone in the history of investigative journalism." (Olaf Scholz, Chancellor of Germany, awarding the Reporters Forum Reporterpreis)

"Money Men is a rip-roaring ride into the underworld of the global economy. Dan McCrum is a proper reporter: there is no threat, con trick or hangover that will stand in his way. In today's pandemic of lies, courageous journalism like this is the medicine." (Tom Burgis, Sunday Times bestselling author of Kleptopia)

What listeners say about Money Men

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Great read/listen

This book was a great read and I enjoyed it overall. However, some parts seemed unrelated to the main story and didn't add much. Despite this, the writing is clear and easy to understand, even for those who aren't financial experts. The extent to which this story had a ripple effect on McCrum and others involved is staggering. Well done to Dan, the FT and the other investigators for their dedication in uncovering and bringing this story to light.

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Absolutely nuts, totally gripping

The whole story is beyond belief!
Dan tells the story well and really keeps you interested.
I’ve genuinely never finished a book so quickly, didn’t want to put it down

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Interesting

A little melodramatic
Hard to follow atimes
Still a good read
I got to the end 😅

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Nice, but way too long

Nice but way too long for a documentary. too much unnecessary details and descriptions

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View from the outside

The rise and fall of Wirecard is a fascinating story and as the FT journalist who started raising red flags about the business, the author is well placed to tell it and writes it a bit like a thriller (" when will our hero finally overcome the evil corporation"). I always have a sense of dread when an author choose to read his own work but in this instance he does a very decent job of it.
Where I found this book frustrating is that it essentially just offers an outsiders view. Other books recounting corporate scandals ("Bad Blood" for example) are able to explain much more about how and why the fraud occured. I find this element fascinating - was it simply bad individuals engaged in theft from day one or, as is often the case, did the malfeasance start as a minor expediancy and just grow once the line was crossed? We learn next to nothing of the history and motivations here. Whether this is because knowledgeable sources have not spoken up or it is still wrapped up in the ongoing legal cases is unclear.

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A tale of absolutely staggering failures

I hadn’t really followed the story, in the press, shame on me, and so I found
utterly shocking and the writing and narration were compelling. Many congratulations to Dan McCrum for hanging on in there against the bad guys.

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Astonishing story well told

This is an astonishing story outstandingly well written and narrated by Dan who deserves credit for perseverance. Highly recommended

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Excellent story and narration

Really good story, I remember watching it unfold on the news, I would say unbelievable but we are living in an era of great scams and Ponzi schemes.
Narration on audible was great.

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Captivating

A fascinating review of good old honest journalistic investigative work, wonderfully narrated by the author.

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essential read

gripping tale of corporate fraud - enabled by gullible investors, auditors, regulators and (most) media - told by the heroically tenacious journalist who uncovered it. Lays bare the multiple dysfunctions of the 21st century economy

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