An employee displays the Wirecard AG online payment smartphone app at the company’s exhibition booth at the Noah Technology Conference in Berlin, Germany, Thursday, June 13, 2019. Krisztian Bocsi | Bloomberg via Getty Images Wirecard has received permission to conduct regulated activities in the UK again following a decision by …
Read More »Wirecard scandal affects users of UK fintech apps Curve, Anna and Pockit
The Curve card and the app are displayed on a smartphone. Curve Thousands of British consumers have been unable to access their cash as some financial technology applications that rely on the Wirecard scandal payment processor were forced to freeze their accounts. On Friday, the Financial Conduct Authority (FCA) ordered …
Read More »The electronic card scandal casts a shadow on governance
The Wirecard logo is seen at the headquarters of the payment company in Aschheim, near Munich, southern Germany, on June 24, 2020. Christof Stache | AFP via Getty Images Wirecard’s dramatic fall from grace has put corporate governance and industry regulation in Germany firmly in the spotlight. The Munich-based payment …
Read More »Investor group files criminal complaint against EY auditors
Letters from payment service provider Wirecard can be seen on a laptop screen Silas Stein | image alliance | fake pictures German shareholders association SdK has filed a criminal complaint against the auditors of the outrageous payments firm Wirecard. SdK’s complaint is directed at two current and one former employee …
Read More »Wirecard filed for insolvency after a devastating scandal in which $ 2 billion went missing and its former CEO was arrested.
CHRISTOF STACHE / Getty Wirecard, a valuable German financial technology firm, filed for bankruptcy on Thursday as it battles a major accounting scandal. According to auditors, more than $ 2 billion disappeared from the company’s balance sheet, and Wirecard later admitted that the money never existed. In a statement Thursday, …
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