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Wirecard scandal. Wirecard's headquarters, raided on 1 July 2020 by German authorities [1] The Wirecard scandal (German: Wirecard-Skandal) was a series of corrupt business practices and fraudulent financial reporting that led to the insolvency of Wirecard, a payment processor and financial services provider, headquartered in Munich, Germany.
5,300 (Jun 2019 [3]) Website. www.wirecard.com. Wirecard AG is an insolvent [4] German payment processor and financial services provider whose former CEO, COO, two board members, and other executives have been arrested or otherwise implicated in criminal proceedings. [5] In June 2020, the company announced that €1.9 billion in cash was missing.
The Bank of England refused to advance money, and it collapsed. The directors were sued, but exonerated from fraud. Friedrich Krupp. Germany. 1873. Steel, metals. Krupp's business over-expanded, and had to take a 30m Mark loan from the Preußische Bank, the Bank of Prussia. Danatbank. Germany.
In February 2019, after a steep drop in Wirecard's share price, German authorities launched criminal probes into short-sellers and journalists who had accused the company of fraud, and banned ...
FBI arrests emissions compliance manager Oliver Schmidt in a Florida airport restroom on a charge of conspiracy to defraud the United States. [13] 11 January 2017. Volkswagen agrees to plead guilty to the emissions scandal and to pay $4.3 billion in penalties. Six Volkswagen executives are charged. [14][15] 3 May 2018.
The Ibiza affair (German: Ibiza-Affäre), also known as Ibiza-gate, [2] was a political scandal in Austria involving Heinz-Christian Strache, the former vice chancellor of Austria and leader of the Freedom Party (FPÖ), as well as Johann Gudenus, formerly a deputy leader of the Freedom Party. The scandal was triggered on 17 May 2019 by the ...
The Lockheed bribery scandals encompassed a series of bribes and contributions made by officials of U.S. aerospace company Lockheed from the late 1950s to the 1970s in the process of negotiating the sale of aircraft. [1] The scandal caused considerable political controversy in West Germany, Italy, the Netherlands, and Japan.
CumEx-Files. Loss of roughly $63.2 billion. [1] The CumEx-Files is an investigation by a number of European news media outlets into a tax fraud scheme discovered by them in 2017. [1] A network of banks, stock traders, and lawyers had obtained billions from European treasuries through suspected fraud and speculation involving dividend taxes.