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The founder of Algbra, a fintech firm that built its commercial identity on ethical principles, attempted to help Wirecard's Marsalek raise $2.75bn for the purchase of Russian military technology.
Marsalek was subsequently exposed as a fraudster and spy. The gap between the brand Algbra chose to build and what its founder was privately pursuing is the substance of the story.
What the founder attempted The proposed transaction centered on raising $2.75bn. The stated purpose was acquiring Russian military technology.
The man the Algbra founder sought to assist was Marsalek, described in reporting as a businessman, whose exposure as a fraudster and spy came later.
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