Four years after the collapse of online payments company Wirecard, German prosecutors have reportedly charged two more of the firm’s former executives. Wirecard’s former finance chief, Alexander von Knoop, and its ...

A German regulator has reportedly concluded that EY’s audit work and quality control regarding the now-defunct payments firm Wirecard was marked by “grave” and “repeated” violations of professional duties. The regulator, Apas, said ...

Wirecard’s insolvency manager, Michael Jaffé, filed a lawsuit in a court in Stuttgart against accountancy firm EY. The lawsuit claims 1.5 billion euros (about $1.66 billion) in damages over EY’s role ...

More than three years after its collapse, Wirecard’s former finance chief has been accused of fraud. Burkhard Ley, who spent 11 years as the chief financial officer of the German payments ...

Pav Gill helped blow the whistle on wrongdoing at German payment company Wirecard. Now, he’s reportedly launching a platform to help others do the same at their firms. Gill, who headed the legal ...

Two former Wirecard executives have been sentenced to prison in Singapore. James Wardhana, who was the international finance process manager of Wirecard Asia, and Chai Ai Lim, who was the head ...

Former Wirecard CEO Markus Braun was apparently not a big fan of compliance. During court testimony Wednesday (June 8), a panel of judges in Braun’s fraud trial heard that the ex-chief ...

Running a business is complicated, particularly in today’s challenging macroclimate. But economic downturns are cyclical — and there exists a bevy of professional service firms out there to help organizations chart ...

Germany is reportedly forming a new agency focused on anti-money laundering (AML) and sanctions efforts. The new organization will be called the Federal Authority for Fighting Financial Crime and will absorb ...

Phone number masking cases have caused European authorities to issue advice on how to prevent fraud. While the big European fraud trial of the moment is the Wirecard case, in which ...

A witness in the Wirecard scandal trial has denied deleting data and withholding information from prosecutors. Oliver Bellenhaus, who is the former head of Wirecard’s Dubai-based subsidiary and the chief witness ...

A defendant and key witness in the Wirecard scandal trial has admitted guilt. Oliver Bellenhaus, the former head of Wirecard’s Dubai office and one of three defendants in one of Germany’s ...

The former boss of Wirecard is maintaining his innocence. Ex-CEO Markus Braun, who headed the German payments firm, is in the midst of a fraud trial two years after the company’s ...

Thursday marks a red letter day in annals of fraud — the type that destroys companies and careers. No, not that crypto exchange. You might be forgiven for automatically defaulting in your ...

Once-mighty payments giant Wirecard reportedly faked client data and was lying about internal records in order to get a SoftBank investment for €900 million ($913 million), a report from Financial ...

Today is Tuesday, July 5 and on this day in 1946 — the first war-free summer since World War II ended in September 1945 — the bikini hit the summer ...

Stephan von Erffa, Wirecard’s former head of accounting, has reportedly admitted to forging documents in the case that has been going on for several years now, the Financial Times reported ...

In today’s top Europe, Middle East and Africa news, South Africa’s competition regulator is seeking to prosecute Facebook for abusing its dominance in the social media sector, and the United ...

A German court has opened class-action style legal proceedings against accounting firm Ernest & Young LLP (EY) to hear cases from investors in defunct payment company Wirecard AG. As Bloomberg News ...

In today’s top Europe, Middle East and Africa news, brand aggregator Flummox raised $12.9 million (€11.8 million), while former Wirecard CEO Markus Braun has been charged with fraud, breach of ...

In custody since July 2020, the former CEO of Wirecard Markus Braun was by formally charged by Munich public prosecutors with fraud, breach of trust and accounting manipulation following a ...

Wirecard staffers reportedly took millions of euros in funds from the firm’s German base in plastic bags during a timeframe that spanned years, the Financial Times reported, citing unnamed sources. ...

Prosecutors in Frankfurt are opening a criminal investigation into the way Germany’s financial regulatory authority BaFin supervised Wirecard AG, and whether a portion of the watchdog’s workforce traded shares unlawfully, ...

Finch Capital, through Nomu Pay, has come to a deal to purchase Wirecard Ödeme Ve Elektronik Para Hizmetleri (Wirecard Turkey). The deal is anticipated to close by this summer and ...

An ex-Wirecard executive informed prosecutors that the firm’s alleged fraud began over 10 years prior to its implosion, with some high-level managers starting to create a collection of overseas firms ...

Germany is looking to beef up the leadership of its Federal Financial Supervisory Authority (BaFin) and plans to hire top experts to oversee regulations, Bloomberg reported on Tuesday (Feb. 2). Aside from ...

Felix Hufeld, head of Germany’s financial watchdog Federal Financial Supervisory Authority (BaFin), and his deputy, Elisabeth Roegele, have been dismissed over their handling of the Wirecard debacle, according to a Reuters ...

Two Austrian men have been arrested in Vienna for allegedly helping rogue Wirecard exec Jan Marsalek escape arrest after the payment company’s downfall last year, The Financial Times (FT) reports. The ...

Commerzbank has told lawyers that the bank was a victim of fraud in the ongoing Wirecard case, Reuters reported Thursday (Jan. 14). The lender was “deceived” by the executives and auditors ...

Commerzbank warned German financial watchdog BaFin about Wirecard‘s illicit activity early in 2020, before the payment giant’s scandal of missing money came to light later in the year, the Financial ...

London-listed Network International, a payments company, has been accused of keeping investors in the dark after hiring a legal firm over concerns about links to disgraced payments processing company Wirecard, ...

The epic collapse of German payments company Wirecard continues to raise questions about its accounting firm for years, Ernst & Young (EY). Munich prosecutors have begun an investigation into EY’s ...

The head of accounting at Deutsche Bank is temporarily stepping down in the wake of the Wirecard scandal, the Financial Times reports. The move comes as Deutsche Bank and Andreas Loetscher are now ...

Munich prosecutors have launched an investigation into the Ernst & Young (EY) audit of Wirecard AG, compounding the firm’s troubles associated with $2.3 billion that went missing at the payment ...

Deutsche Bank and its head of accounting Andreas Loetscher are now in the scope of the Wirecard investigation over Loetscher’s previous role at EY, the auditors of the disgraced payments ...

EY is increasingly finding itself on the hot seat as German lawmakers and investigators dig deeper into the collapse of payments giant Wirecard, whose books the accounting and consulting giant ...

The implosion of major payments player Wirecard AG amid a multibillion-dollar fraud scandal has spurred an overhaul of Germany’s top stock index. Owner of the DAX-30 index, Deutsche Börse AG announced on ...

German lawmakers are determined to call back Wirecard AG’s former CEO Markus Braun to give further testimony after he refused to answer their questions during a hearing in Berlin about ...

Former Wirecard CEO Markus Braun doesn’t blame regulators or German politicians for the events that led to Wirecard’s demise in a global scandal earlier this year, the Financial Times reports. Braun, speaking before the ...