German payments company Wirecard appears to have just made up or otherwise invented $2 billion it pretended to have in the bank, along with some fake revenue for good measure. There’s not much good that can be said for $2 billion that isn’t there except in the minds of those under arrest or on the lam, but one thing that can be said of money that does not exist is that it cannot be laundered. The same, it seems, perhaps cannot be said for the actual money that at one time or another passed through Wirecard’s hands.
