Ex CEO of Wirecard arrested in case over missing billions

[anotherone]

Ex-CEO of Wirecard arrested in case over missing billions

Wirecard is the bank behind Payoneer. They also have their Wirecard prepaid debit card.

BERLIN (AP) — The former CEO of German payment service provider Wirecard has been arrested, accused of inflating the company’s balance sheet in an accounting scandal that centers on a missing sum of 1.9 billion euros ($2.1 billion), prosecutors in Munich said Tuesday.

 

[daxbr]

(...) The company's former COO, Jan Marsalek, is suspected of having absconded with a large sum of embezzled money. The executive has been exposed as a Russian intelligence asset who may be hiding out in Russia despite the Interpol red notice issued in his name.

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[JohnLocke]

It is incredible how such a large company, and so in Germany, can be involved in such a scandal about fraud.

 

[rkadius]

How the Biggest Fraud in German History Unravelled

The tech company Wirecard was embraced by the German élite. But a reporter discovered that behind the façade of innovation were lies and links to Russian intelligence.

www.newyorker.com