Reuters Former Wirecard chief executive Markus Braun was arrested again in Munich as German prosecutors dug deeper into allegations of fraud at the fintech firm. Two other executives, revealed by the Financial Times as former Wirecard chief financial officer Burkhard Ley, and Stephan von Erffa, a former chief accounting officer, …
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Money held in millions of bank accounts has been frozen SOPA Images / LightRocket via Getty Images As the list of banking services that have been frozen due to the Wirecard collapse grows longer, millions of customers begin to wonder: is my account money safe? The troubling news is that …
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Text size Johannes Eisele / AFP via Getty Images Almost mid-2020, one of the many ironies of the year is that its number is associated with perfect vision. Just as no one could have foreseen the coronavirus calamity when the year began, the view into the second half remains hazy. …
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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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REUTERS / Michael Dalder Wirecard, one of Europe’s leading financial technology companies, is at the heart of one of the region’s largest corporate accounting scandals in recent years. The company’s shares have fallen more than 80% since it admitted that auditors were unable to track € 1.9 billion in their …
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