What happened with this, I remember, it was this company that begins by doing some legitimate,

if legal gray area payment processing, ends up just largely falsifying its numbers and then crediting

the sales to an office that turned out to be like an empty apartment in Dubai or some

fisherman's huts in the Philippines.

Yeah, we went and knocked on the door and they're like,

hi, yeah, we're looking for the payments company, please.

And my colleague walks in and she's, we don't know what we're expecting.

She's like, is it going to be gangsters?

You know, maybe there's going to be a real business there.

And she knocks on the gate, walks in, and there are two men with a white poodle on a glass table.

And they get a haircut.

This is what's at the heart of Wirecard.

And it's like, oh, right, okay.

I think we found the magic in the business here.

Yeah, it's, it's the, it's the, poodle gruel. The magic in the business is that it's a dream sequence in a Jim Jarmouche film.

We've invested all of your money into this very expensive poodle.

You can't see how, but, and the, the fur from this poodle fetches a lot of money on the black market, let me tell you, which is why we're shaving it.

Guaranteed rate of return.

It can't lose.

But also, right, there's the revenue of the companies allegedly based out of these huts and

empty flats was, you know, fictional.

And with the holes in the balance sheet, just explained away by them saying, oh, we're

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