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Ex-Wirecard CEO, Markus Braun, charged with fraud
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.
Damning report into EY audit of Wirecard fraud released
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.
Wirecard assets begin carve up as Railsbank takes UK entity
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
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“Germany’s Enron” – the secondary effects of Wirecard’s collapse, examined
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.
Wirecard offices raided as fraud allegations gain momentum
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
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