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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.
Wirecard collapsed in June 2020 over a 1.9 billion euro ($2.1 billion) hole in its balance sheet, shaking up Germany's business establishment and turning the spotlight on politicians who backed it ...
Wirecard Asia Pacific was founded in Singapore in 2007. [20] In 2008, Wirecard introduced virtual prepaid credit cards for online payments [21] and in the following year [22] a fraud prevention suite for fraud detection. [23] In 2014, Wirecard expanded to New Zealand, Australia, [24] South Africa [25] and Turkey. [26]
Germany's financial watchdog has banned "short" selling of Wirecard shares due to volatility in the payments firm's stock following reports in the Financial Times which are now the subject of an ...
Wirecard: Germany: June 2020: Banking, Money transfer: €1.9 billion, which apparently never existed, was found missing in a special audit. The CEO was arrested, the board filed for insolvency, and a warrant for the missing COO was issued. FTX: Bahamas: November 2022: Cryptocurrency, Cryptocurrency exchange
Wirecard became the first-ever DAX member to file for insolvency in 2020, owing creditors almost $4 billion, after disclosing a 1.9 billion euro ($2.13 billion) hole in its accounts.
An investigation by Bellingcat, Der Spiegel and The Insider indicated that he fled to Minsk, Belarus, just hours after he was fired from Wirecard. [8] On 19 July 2020, the German newspaper Handelsblatt reported that Marsalek was probably in Russia, where he was believed to live under the supervision of the Russian GRU in a mansion near Moscow ...
The former Wirecard CEO has been arrested on suspicion of falsifying company revenue, prosectors said on Tuesday (June 23). Investigators said Markus Braun is suspected of making revenue appear ...