How Low Can it Go? Shares in Wirecard Hover Around €1, Board States Business Activities Will Continue

June 27, 2020 @ 6:22 pm By JD Alois |

The Wirecard AG (WDI:DE) saga has gone from bad to worse as allegations of profound fraud cratered the company when its auditor, EY, uncovered a misplaced €1.9 billion in funds. Since the clear operational failure, the former CEO, Markus Braun, has been arrested and… Read More

Following Audit Questions, Wirecard CEO Markus Braun Resigns Effective Immediately

June 19, 2020 @ 8:17 am By JD Alois |

Markus Braun has resigned his position as CEO of Wirecard AG (WDI.DE), effective immediately. The news came the day after the company posted that it could not account for €1.9 billion and the auditor, EY, claimed there had been attempts to deceive its work. Yesterday,… Read More

Read more in: Fintech, Global | Tagged fraud, germany, james freis, markus braun, payments, wirecard