scandal

Wirecard Exec Who Ran Unit At Heart Of Scandal In Custody In Munich

Wirecard Exec Who Ran Unit At Heart Of Scandal In Custody In Munich
Wirecard Exec Who Ran Unit At Heart Of Scandal In Custody In Munich
July 06, 2020  |  Cybersecurity

Wirecard executive Oliver Bellenhaus, 46, has been arrested in Munich for his alleged central role in the massive worldwide fraud case currently enveloping the company,...

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Audit: Wirecard Payments, Issuing Businesses Have Been Bleeding Cash For Years
Audit: Wirecard Payments, Issuing Businesses Have Been Bleeding Cash For Years
July 05, 2020  |  Cybersecurity

As details about the failed management of Wirecard AG unfold, it becomes clear that the company’s core business has been losing cash for years, the...

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Audit Standards On Hot Seat In Wake Of Wirecard Scandal
Audit Standards On Hot Seat In Wake Of Wirecard Scandal
July 02, 2020  |  Cybersecurity

The former chair of the London Stock Exchange is calling for a thorough overhaul of audit standards in the wake of the $2.1 billion Wirecard...

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Wirecard Saga Reignites Debate Over Auditors’ Role In Combatting Fraud
Wirecard Saga Reignites Debate Over Auditors’ Role In Combatting Fraud
July 02, 2020  |  B2B Payments

As the fallout from Wirecard‘s $2 billion accounting scandal continues, some attention has turned to the Germany-based payment company’s auditor, Ernst & Young (EY). Get...

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SoftBank Wants Out Of Wirecard Partnership After Last Year’s $1B Investment
SoftBank Wants Out Of Wirecard Partnership After Last Year’s $1B Investment
July 01, 2020  |  Cybersecurity

SoftBank is looking to put distance between itself and Wirecard due to the German payments company’s ongoing scandal involving missing money and cooked books, The...

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Former Wirecard Execs Face Criminal Charges In Austria
Former Wirecard Execs Face Criminal Charges In Austria
June 30, 2020  |  Cybersecurity

The Wirecard AG accounting scandal has extended its reach to Austria. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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EY Accused Of Missing Alleged Wirecard Fraud
EY Accused Of Missing Alleged Wirecard Fraud
June 28, 2020  |  Cybersecurity

In the ongoing scandal of Wirecard, under fire for fraud, the focus is now turning to auditors Ernst & Young (EY), which reportedly failed to...

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Wirecard Says Payouts To Merchants Will Continue Uninterrupted
Wirecard Says Payouts To Merchants Will Continue Uninterrupted
June 28, 2020  |  Digital Payments

Wirecard AG, the disgraced German payments provider that filed for insolvency last week over a $2.1 billion accounting scandal, told customers it’s business as usual...

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