‘Wolf of Canary Wharf’ Michael Gastauer sees comeback in London | Company

Michael Gastauer took the stage to receive the Global Banker Award in May 2018 and smiled widely.

“Look at this beautiful award. Great,” said the German businessman in his tuxedo and bow tie. Adoring staff at fintech start-up WB21 stood up to applaud their leader, who had given a priceless bash to celebrate his claim of winning five million customers and an alleged $10 billion valuation — hardly believable for a company founded less than three years earlier.

WB21, based in London’s Canary Wharf financial district, said the award for “best innovation in retail banking” was awarded to “outstanding financial institutions for revolutionary achievements in the sector”.

The problem was that the price wasn’t real – it was made by

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