Latest News for: Wirecard


‘Baron Münchhausen’? Wirecard’s Markus Braun’s credibility in the dock

Financial Times 07 Feb 2023
CEO of defunct German payment company is accused of making incorrect and misleading statements to investors ....

The massive selloff in Adani shares eclipses those of other short-seller targets like Enron and Wirecard

Business Insider 07 Feb 2023
These losses eclipse those at other short seller targets like Enron and Wirecard ... While Enron has ceased to exist, Wirecard is now insolvent ... In Wirecard's case, it was short seller Fraser Perring, who in a 2016 report, accused the payments firm of money laundering and fraud.

EY came close to uncovering Wirecard fraud in 2016

Financial Times 30 Jan 2023
Collapsed payments firm’s trustee accidentally told the auditor that he did not hold any money on its behalf ....

Over 2,000 Wirecard civil lawsuits filed in German court

Marietta Daily Journal 27 Jan 2023
Munich — A total of 2,251 civil lawsuits have been filed in the southern German city of Munich in connection with the spectacular collapse of payments provider Wirecard in the summer of 2020. More than half of these - a ... .

EY Germany to axe hundreds of jobs in post-Wirecard cost-cutting push

Financial Times 26 Jan 2023
Redundancy plan latest move by Big Four firm to boost profits ahead of mooted split ....

EY to cut hundreds of jobs in Germany after Wirecard scandal shook auditor

Gulf News 26 Jan 2023
Berlin. EY said it plans to cut jobs and eliminate costs in Germany after its failure to detect suspected fraud at Wirecard AG, the electronic payments company that collapsed in 2020, shook confidence in the auditor ... READ MORE ... EY has lost several mandates in the wake of Wirecard's collapse, which left investors with billions of euros of losses ... .

EY auditors escape potential Wirecard sanctions after leaving profession

Financial Times 25 Jan 2023
Watchdog closes cases against four individuals who handed back licences ....

EY could have stopped Wirecard fraud earlier, says judge

Financial Times 19 Jan 2023
Big Four firm should have acted after learning about fake software sales, court hears ....

Germany's Commerzbank sues EY for Wirecard losses

Reuters 19 Jan 2023
FRANKFURT, Jan 19 (Reuters) - The German lender Commerzbank (CBKG.DE) is suing accounting firm EY over the 200 million euros ($216.12 million) in losses that it incurred in the collapse of Wirecard, a bank spokesperson said on Thursday ... The bank's suit is one of a number against EY regarding Wirecard.

A philosophical dilemma for Wirecard’s fast-living chief witness

Financial Times 11 Jan 2023
Former manager must convince the court that businesses he ran in Asia did not exist ....

Wirecard CEO ‘demanded retrospective changes to data’

Financial Times 11 Jan 2023
Markus Braun is implicated by former lieutenant in court case examining collapse of payments firm ....

Key trial witness blames former CEO Markus Braun for German Wirecard ‘swindle’ involving €1.9bn

Irish Independent 20 Dec 2022
The key prosecution witness in Germany’s biggest post-war fraud trial admitted guilt on Monday in a scam that led to Wirecard’s collapse ... Wirecard’s downfall two years ago shook the German business establishment, putting politicians who had backed it ...

Wirecard witness admits guilt but pins German fraud blame on ex-CEO

The Economic Times 19 Dec 2022
Wirecard's downfall two years ago shook the German business establishment, putting politicians who had backed it and regulators who took years to investigate allegations against the payments company under intense scrutiny ... .

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