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German prosecutors have charged Wirecard’s former chief executive, Markus Braun, and two other former senior executives with suspected market manipulation, fraud, breach of trust and accounting manipulation of the company’s... read more

The post Ex-Wirecard CEO, Markus Braun, charged with fraud appeared first on Payments Cards & Mobile.

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An independent report by Rödl & Partner has been released. The aim of the report was to investigate any shortcoming by accounting firm EY into the now infamous Wirecard scandal.... read more

The post Damning report into EY audit of Wirecard fraud released appeared first on Payments Cards & Mobile.

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The break-up of Wirecard has begun as it agreed to sell what is left of the UK business to Railsbank, a UK FinTech backed by Visa. The UK deal, which... more

The post Wirecard assets begin carve up as Railsbank takes UK entity appeared first on Payments Cards & Mobile.

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Wirecard’s dramatic fall from grace has thrust corporate governance and industry regulation across Europe firmly in the spotlight. The Munich-based payments processor filed for insolvency on Thursday 25 June, reportedly... more

The post “Germany’s Enron” – the secondary effects of Wirecard’s collapse, examined appeared first on Payments Cards & Mobile.

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Wirecard’s offices in Germany and two locations in Austria have been raided by Munich prosecutors looking into the €1.9 billion that went missing from the company’s accounts. 12 prosecutors and... more

The post Wirecard offices raided as fraud allegations gain momentum appeared first on Payments Cards & Mobile.

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