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Wirecard AG. Wirecard AG is an insolvent [4] German payment processor and financial services provider whose former CEO, COO, two board members, and other executives have been arrested or otherwise implicated in criminal proceedings. [5] In June 2020, the company announced that €1.9 billion in cash was missing.
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.
Jun 26, 2020 · Wirecard provided the invisible financial plumbing that, with a wave of plastic over a card reader almost anywhere in the world, made transactions happen.
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.
Within a few days, KPMG realised that Wirecard’s core payments processing operations in Europe were not making any money — a fact that Wirecard had never disclosed to investors.
Dec 8, 2022 · The former head of disgraced German payment company Wirecard has gone on trial accused of involvement in the biggest fraud case in German history.
Feb 27, 2023 · The tech company Wirecard was embraced by the German élite. But, Ben Taub writes, a reporter discovered that behind the façade of innovation were lies and links to Russian intelligence.
Current information on the insolvency proceedings. The Local Court of Munich – Insolvency Court – opened insolvency proceedings over the assets of EUR 500 million bond in a ruling dated August 25, 2020 (Ref. 1542 IN 1308/20).
Oct 15, 2019 · The FT today published the latest piece in its investigation into Wirecard, which raised the prospect of a concerted effort to fake substantial sales and profits at the German fintech, a member...
Mar 16, 2021 · 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 Finance Minister Olaf ...
