Tag Archives: technology

Former Wirecard CEO Markus Braun arrested in Germany

Munich prosecutors confirmed that Braun, the former Wirecard CEO, was arrested on suspicion of inflating the digital payments company’s balance sheet and sales through bogus transactions to make it more attractive to investors and customers. Prosecutors said Braun may have acted cooperatively with other perpetrators. Braun will be released Tuesday …

Read More »

German payments company Wirecard files for insolvency

An illuminated logo is found outside the Wirecard headquarters in the Aschheim district of Munich, Germany. Michaela Handrek-Rehle | Bloomberg | fake pictures Wirecard will file an application to open insolvency proceedings in the Munich district court, the company said Thursday. The company said in a brief statement that management …

Read More »