Wirecard

German Regulator’s Top Official Dismissed Over Wirecard Wrongdoing
German Regulator’s Top Official Dismissed Over Wirecard Wrongdoing
January 29, 2021  |  International

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...

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Arrests Made For Organizing Wirecard’s Marsalek’s Escape
Arrests Made For Organizing Wirecard’s Marsalek’s Escape
January 24, 2021  |  Security & Fraud

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,...

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Commerzbank Says It Was ‘Deceived’ By Wirecard Fraud
Commerzbank Says It Was ‘Deceived’ By Wirecard Fraud
January 14, 2021  |  Security & Fraud

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...

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Commerzbank Cautioned BaFin About Wirecard Months Before Scandal
Commerzbank Cautioned BaFin About Wirecard Months Before Scandal
January 12, 2021  |  Security & Fraud

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...

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UK Payments Firm Network International Draws Ire Over Hiring Law Firm For Wirecard Link
UK Payments Firm Network International Draws Ire Over Hiring Law Firm For Wirecard Link
December 21, 2020  |  Security & Fraud

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...

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Report: EY Anti-Fraud Team Found ‘Red-Flag Indicators’ at Wirecard
Report: EY Anti-Fraud Team Found ‘Red-Flag Indicators’ at Wirecard
December 14, 2020  |  Security & Fraud

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

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Deutsche Bank Accounting Head Stands Aside Over Wirecard Scandal
Deutsche Bank Accounting Head Stands Aside Over Wirecard Scandal
December 09, 2020  |  Security & Fraud

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...

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German Prosecutors Launch Investigation Into Ernst & Young’s Wirecard Audit
German Prosecutors Launch Investigation Into Ernst & Young’s Wirecard Audit
December 04, 2020  |  Security & Fraud

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...

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Deutsche Bank, EY Linked To Germany’s Wirecard Investigation
Deutsche Bank, EY Linked To Germany’s Wirecard Investigation
November 29, 2020  |  Security & Fraud

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...

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