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The Wirecard scandal is considered one of the largest financial scandals of the decade, which caused losses of several billion euros. This analysis examines the digit structure of Wirecard's financial figures in the period from 2005 to 2019 by analyzing the conformity with the expected frequency distributions according to Benford's law. The resu…
[📊] Statistical analysis of over one million lines of death toll data released by countries around the globe. We then applied our algorithm and compared it to the curve of Benford's Law to detect under-reporting and false death data.
Check out the thesis "Did 2001 Mark the Beginning of a More Manipulated Market? An Analysis of Financial Markets via Benford's Law" by Richard Wright and Erik Munther. http://urn.kb.se/resolve?urn=urn:nbn:se:mdh:diva-54686