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Dec 8, 2022 · German payments company Wirecard AG was a hot growth story that had shaken off allegations of accounting fraud — until the truth came knocking. First came the admission that about $2 billion...
Wirecard AG is an insolvent 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.
Jun 23, 2020 · The former CEO of German payment service provider Wirecard has been arrested, accused of inflating the company's balance sheet in an accounting scandal that centres on a missing sum of 1.9...
Wirecard, a payment processor publicly valued more than some of the world’s largest banks, has been in a free-fall since a bombshell report by the Financial Times (“FT”) on February 7, 2019 revealed Wirecard’s widespread accounting fraud after being tipped off by a whistleblower.
Jun 26, 2020 · (Bloomberg) -- Wirecard AG’s long-time auditors, Ernst & Young, accused their client of “an elaborate and sophisticated fraud” that allowed more than $2 billion to go missing.
Jun 25, 2020 · Wirecard was unable to reach a deal with its lenders, the company said in a statement today, and it expected a termination of loans totaling 800 million euros on June 30 and another 500 million...
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Mar 23, 2022 · The alleged intention was to lure banks and investors to provide equity and loans, to inflate the Wirecard share price and to hide that the company’s real operations lost money.
