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Wirecard files for insolvency after ex-CEO was arrested in EUR 1.9 bln scandal

News | Digital Identity, Security & Online Fraud | 26 Jun 2020

Wirecard has filed for insolvency, just days after a EUR 1.9 billion accounting scandal at the company was unveiled, thus leading to the arrest of its former chief executive.

Wirecard, insolvency, accounting scandal, Markus Braun, shares, fraud, fake transactions

After EUR 1.9 bln implosion, Wirecard's former CEO is arrested for financial fraud

News | Payments General | 24 Jun 2020

Markus Braun, the former chief executive of the Munich-based fintech company Wirecard, has been arrested by the German police for fraud.

Wirecard, financial fraud, auditors, KPMG, E&Y, Germany, Jan Marsalek, Financial Times, Markus Braun, Softbank