Wirecard CEO arrested in mounting scandal

Wirecard CEO arrested in mounting scandal

Wirecard CEO arrested in mounting scandal

In a stunning development for the fintech sector, former Wirecard CEO and Founder Markus Braun was arrested by German police after turning himself in on Monday evening. Braun resigned from his position last Friday, and is being detained on “suspicion inflating the firm’s balance sheets and sales through fake transactions designed to make the company appear stronger to potential investors”. This is on the heels of 4 failed annual statements and a plummeting share price for Wirecard. Braun’s bail has been set at 5 million EUR.

Read the full article here

Share
Share on facebook
Share on google
Share on twitter
Share on linkedin
Related Posts
Featured
This infographic gives an overview of how the different sectors within the ecosystem are positioned in the financial services value chain.
Discover new potential partners to work with, find out more about certain companies and get new ideas for your business.

This website uses cookies to ensure you get the best experience on our website.
To learn more, read our privacy policy.

X
X
X