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Jun 4, 2021 · Philippine authorities have filed a criminal complaint against individuals over the Wirecard scandal, including former chief operating officer Jan Marsalek, following a probe examining the...
- Stefania Palma
Jun 4, 2021 · The National Bureau of Investigation (NBI) filed a complaint against executives of insolvent German company Wirecard and their alleged Filipino accomplices for a $2.1-billion fund fraud,...
Jun 5, 2021 · Philippine authorities investigating the multi-billion dollar fraud at Germany's Wirecard AG's (WDIG.F) have filed criminal complaints against the payment firm's former chief operating officer...
- What Is Wirecard?
- Who Has The Money?
- Where Did The Money Go?
Even before Wirecard’s missing billions made headlines, the financial services company was already in hot water. Wirecard AG, a public company listed on the German stock exchange (DAX) became the center of a money laundering story exposed by The Financial Timesin 2019. The story revealed that a senior executive of its Asia-Pacific operations had re...
There’s still no confirmation as to who the mastermind is behind the scam, but we do know that junior officers in BDO and BPI were part of the plot and issued bogus documents that made it seem like the money entered the Philippines in order to cover their tracks. This is how Wirecard’s auditors Ernst & Young managed to follow the false trail back t...
So if it’s not in the Philippines, where is it? Wirecard changed its tune today, June 22, when it said that the missing billions probably don’t even exist. It backtracked on its previous statements and financial statements, saying that they simply weren’t correct. “There is a prevailing likelihood that the bank trust account balances in the amount ...
Aug 6, 2024 · Alexander von Knoop, who served as finance chief of the now-defunct online payments company, and Susanne Steidl, its board member for product development, have been charged with several counts of embezzlement, the state prosecutor's office said.
Jun 7, 2021 · If you thought the Wirecard scandal is over, you’re sadly mistaken. Philippine officials have filed criminal complaints against a top official of the German financial technology company and others over the weekend.
People also ask
What is the Philippine connection to the Wirecard scandal?
Was Wirecard a fraud?
Are BDO & BPI involved in Wirecard scandal?
What happened to Wirecard?
Why did Wirecard sue the Financial Times?
Did Wirecard's auditors follow a false trail back to the Philippines?
Feb 7, 2019 · On May 4 R&T submitted a preliminary report, running to 30 pages of bombshell allegations: evidence in the documents of “forgery and/or of falsification of accounts”, as well as reasons to suspect...
