Tagged: frank schaeffler

Collateral Damage: Wirecard Fallout Continues in Germany as Finance Minister Takes Heat, Former Wirecard COO Still Missing, Sale of Core Assets Completed

February 4, 2021 @ 5:04 pm By JD Alois |

German Finance Minister Olaf Scholz is taking some heat from various politicians as fingers look for somewhere to point blame. Social Democrat Scholz, along with his deputy Joerg Kukies continue to deny responsibility for the collapse of Wirecard AG (WDI.F), a Fintech that was once… Read More

UK FCA Halts Wirecard’s Regulated Activities, Fintechs Scramble to Adapt, German MPs Call for an Inquiry into Wirecard’s Collapse

June 29, 2020 @ 3:09 pm By JD Alois |

On June 26, the UK Financial Conduct Authority (FCA) imposed several “requirements” on Wirecard‘s (WDI:DE) activities in the UK. The move was in response to Wirecard’s missing €1.9 billion in funds along with allegations of fraud and other nefarious activities. After an audit uncovered… Read More