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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. The company was part of the DAX index. They offered customers electronic payment transaction ...
Feb 27, 2023 · In the year leading up to Wirecard’s collapse, in June, 2020, the leadership plotted a takeover of Deutsche Bank—an acquisition so huge that Wirecard’s balance-sheet fraud might be buried in ...
- Ben Taub
Dec 8, 2022 · Then in 2016, an unknown research firm made allegations linking Wirecard to money-laundering and fraud. Wirecard deflected accusations by investors and journalists, and the German financial ...
Jun 26, 2020 · Wirecard, which owes creditors €3.5 billion, said its survival was not assured, sending its battered shares below €2 Friday from over €100 a week ago. The European Commission on Friday ...
Aug 25, 2020 · Mr Braun, who denies allegations of fraud and embezzlement, and three other former top managers are in custody. Jan Marsalek, Wirecard’s former second-in command, is on the run and the boss of a ...
Dec 8, 2022 · Item 1 of 8 Wirecard's former CEO Markus Braun looks on at a courtroom as his trial begins, after the German payments company collapsed in the wake of a fraud scandal in 2020, in Munich, Germany ...
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Is Wirecard a fraud & money-laundering company?
Is Wirecard a scam?
How did Wirecard fraud work?
What was the Wirecard scandal?
Wirecard’s fraud started more than a decade before the German payments company imploded, when some senior managers began establishing a network of offshore companies that were used to siphon off ...
