scandal

Defendant Blames ‘Blind Loyalty’ to CEO in Wirecard Scandal Trial
Defendant Blames ‘Blind Loyalty’ to CEO in Wirecard Scandal Trial
December 19, 2022  |  Security & Fraud

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...

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Wirecard Linked To Mafia Money Laundering
Wirecard Linked To Mafia Money Laundering
August 03, 2020  |  Security & Fraud

Scandal-plagued German FinTech pioneer Wirecard counted among its payments processing clients an online casino that laundered money for an arm of “one of Europe’s most...

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Almost Half Of Wirecard’s Debt Stemmed From SoftBank’s $1B Investment
Almost Half Of Wirecard’s Debt Stemmed From SoftBank’s $1B Investment
July 29, 2020  |  Security & Fraud

SoftBank Group Corp., the Tokyo-based multinational conglomerate that owns stakes in technology and finance companies, invested $1 billion in Wirecard AG last year in a move that quieted questions...

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German Central Bank Seeks Tighter Change Post-Wirecard ‘Scandal’
German Central Bank Seeks Tighter Change Post-Wirecard ‘Scandal’
July 27, 2020  |  Security & Fraud

For the second time in four days, a high-ranking German regulator has called for major changes in response to the Wirecard scandal. In the latest...

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Wirecard Auditor Flagged KPMG Report, Saying It Needed ‘Context’
Wirecard Auditor Flagged KPMG Report, Saying It Needed ‘Context’
July 19, 2020  |  Security & Fraud

Wirecard AG’s accounting firm said an independent report failed to account for half of the German payment company’s  revenue and all its operating profit, the...

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Wirecard Exec Admits Role In German Company’s Collapse, Attorney Says
Wirecard Exec Admits Role In German Company’s Collapse, Attorney Says
July 16, 2020  |  Security & Fraud

One of the unnamed jailed executives in the Wirecard scandal has reportedly admitted guilt to the multi-billion-dollar fraud and money laundering case, according to Reuters....

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EU To Examine German Regulators’ Oversight Of Wirecard
EU To Examine German Regulators’ Oversight Of Wirecard
July 15, 2020  |  Regulation

The European Securities and Markets Authority (ESMA), the European Union’s (EU) financial watchdog, plans to examine how German regulators handled oversight of Wirecard AG, the collapsed...

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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  |  Security & Fraud

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  |  Security & Fraud

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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