The break up of the once high-flying Fintech Wirecard continues as the insolvency administrator has announced that Wirecard Solutions South Africa has been acquired by Adumo RF Pty Ltd, subject to approval by the local regulatory authorities. Today’s announcement follows similar announcements of the various… Read More
Read more in: Fintech, Global | Tagged adumo, bankruptcy, fraud, germany, michael jaffe, south africa, wirecard
The district court of Munich has opened the insolvency proceedings regarding the assets of Wirecard (WDI:DE), which were applied for on June 25, 2020, according to a note from the company. The current preliminary insolvency administrator Dr. jur. Michael Jaffé from the law firm JAFFÉ Rechtsanwälte… Read More
Read more in: Fintech, Global, Politics, Legal & Regulation | Tagged deutsche bank, fraud, germany, jaffé rechtsanwälte, jan marsalek, michael jaffe, wirecard
Last week it was announced that Dr. Michael Jaffé had been appointed to oversee the bankruptcy process of Wirecard AG (WDI:DE). The once prominent Fintech dove into ignominy following the revelation of €1.9 billion in missing funds. The financial scandal saw the CEO, Markus Braun,… Read More
Read more in: Fintech, Featured Headlines, Global | Tagged bankruptcy, fraud, germany, jaffé rechtsanwälte, markus braun, michael jaffe, payments, wirecard
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
Read more in: Fintech, Featured Headlines, Global, Politics, Legal & Regulation | Tagged fraud, germany, james freis, markus braun, michael jaffe, payments, wirecard
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