Post #465 by Baybrooke on the Brookfield Corporation board

Stocks A to Z / Stocks B / Brookfield Corporation (BN)

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Below is some information about the author of the FT article. Looks like he has a lot of credibility as an investigative financial journalist.

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Dan McCrum, best known for his investigative journalism that exposed the Wirecard scandal, one of the biggest financial frauds in European history, is starting to ask critical questions of another company. This time it's Canada's Brookfield, an investment manager with nearly $1 trillion in assets.

McCrum's latest longform piece notes that Brookfield has drawn scrutiny for its complex financial practices, including internal transactions that bolster its reported earnings.

As a journalist for the Financial Times, McCrum spent years uncovering fraudulent activities at Wirecard, a German payments company once valued at over $24 billion.

His reporting then revealed that Wirecard had fabricated profits and engaged in widespread financial misconduct, ultimately leading to the company’s collapse in 2020. His work faced intense pushback, including legal threats and surveillance, but was later vindicated when Wirecard's CEO was arrested.

https://www.zerohedge.com/markets/1-trillion-labyr...

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Dan McCrum is a member of the Financial Times investigations team. His reporting on Wirecard has been recognised with prizes from the London Press Club, the Society of Editors, the New York Financial Writers' Association, the Overseas Press Club, and the Gerald Loeb awards. He was also awarded the Ludwig Erhard Prize for economic journalism, a Reporters Forum Reporterpreis and a special award by the Helmut Schmidt prize jury for investigative journalism. In 2020, he was named Journalist of the Year at the British Journalism Awards.

https://www.goodreads.com/author/show/21460366.Dan...

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