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What was the Wirecard scandal?
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Wirecard's headquarters, raided on 1 July 2020 by German authorities. The Wirecard scandal (German: Wirecard-Skandal) was a series of corrupt business practices and fraudulent financial reporting that led to the insolvency of Wirecard, a payment processor and financial services provider, headquartered in Munich, Germany.
Mar 16, 2021 · FRANKFURT (Reuters) - Payments firm Wirecard collapsed last year in Germany's biggest post-war fraud scandal. A parliamentary inquiry is in progress, with German Chancellor Angela Merkel and...
Feb 7, 2019 · Wirecard’s law firm found evidence of forgery and false accounts. Yet, faced with evidence that a rogue unit in its fast-growing Asian business was forging documents, inventing money flows and ...
Jun 26, 2020 · Wirecard, which owes creditors €3.5 billion, said its survival was not assured, sending its battered shares below €2 Friday from over €100 a week ago. The European Commission on Friday opened an...
Dec 8, 2022 · 8 December 2022. By Jenny Hill in Berlin & Paul Kirby in London,BBC News. Christof STACHE/AFP. Under Markus Braun, Wirecard became the darling of Germany's tech sector until its disastrous...
Dec 8, 2022 · 8 December 2022. Christof STACHE/AFP. Under Markus Braun, Wirecard became the darling of Germany's tech sector until its disastrous collapse. By Jenny Hill in Berlin & Paul Kirby in London. BBC...
Jun 25, 2020 · Wirecard filed for insolvency after the once high-flying payments group revealed a multiyear fraud that led to the arrest of its former chief executive. In a remarkable collapse of a company once...
