Before it unravelled in an accounting scandal, Wirecard AG WDI -7.25% built up an image as a fast-growing financial technology company. It spewed out news releases publicising partnerships with blue-chip names such as SAP, Zurich Insurance and SoftBank.
The Wall Street Journal found that some of those partnership announcements were misleading or were promoted without the agreement of the companies involved. The Journal reached out to more than 300 companies with which Wirecard said it had entered partnerships or collaborations.
