this is your business report i'm stephen beard cymbeline it's good to have you with us. 1.9000000000 euros and that's the gaping hole in the balance sheet a german payments firm wire card the blue chip listed firm now says the money probably doesn't exist a scandal has led to a frantic sell off of its stock in the past days as well as the resignation of the company's c.e.o. and the growing expectation of criminal charges once a rising star in the financial startup world why a card has fallen back down hard when it burst on to germany's blue chip index the dax in 2018 investors were bullish about its business model wire concepts of contracts between retailers and credit card issuers banks and online payment systems like paper. saving retailers time and money but fraud allegations and questions over accounting practices dogged the company for 18 months things came to a head last thursday when wire card said audit just could not trace 1900000000 euros ended in its balance sheets the funds were supposed to have been in 2 philippine banks but on sunday the philippine central bank said the