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Oct 25, 2021 · EY is also facing an avalanche of lawsuits from Wirecard shareholders who in total lost billions on their investments. “It is the nature of auditing that frauds can occur as we’ve seen across ...
Jan 19, 2023 · The Wirecard trial’s presiding judge criticised EY on Thursday for allegedly failing to act on clear evidence of fraud at the German payments group. The comments came after the prosecutors ...
Apr 3, 2023 · Wirecard filed for insolvency in June 2020, owing creditors almost $4 billion, after disclosing a 1.9 billion euro hole in its accounts that EY said was the result of a sophisticated global fraud.
Dec 7, 2022 · Wirecard's share price plummeted by 99% and it became the first DAX company to file for insolvency, owing creditors nearly €4 billion. An FT investigation found that third-party acquirers (TPAs ...
Dec 8, 2022 · Wirecard was launched in 1999 in a suburb of Munich. The company processed online credit card payments, mainly for pornography and gambling sites, before it expanded into banking, issuing credit ...
Dec 19, 2022 · Wirecard was a “sloppily done fraud” conceived by a group led by an “absolutist chief executive” bent on creating the illusion that the German payments company was more successful than it ...
Jun 19, 2020 · Wirecard, a fintech company that was founded in 1999 and is based in Munich, boomed in recent years as a provider of digital payment services. It prospered by making contactless payments seemingly ...
