Wirecard, the embattled Germany payment services company, said Thursday (June 25) it was filing for insolvency. The decision comes less than a week after auditors disclosed $2.1 billion of supposed deposits were missing from two Philippines banks. Shares have fallen by more than 90 percent...
Ex-Wirecard CEO Markus Braun was arrested Monday night (June 22) in the latest chapter that has rocked the German payment services provider, the Financial Times reported. Braun surrendered to Munich prosecutors after a judge issued a warrant as prosecutors investigate an accounting scandal that centers...
Corporate fraud continues to plague businesses large and small, and in this week’s B2B fraud tracker, many of the latest cases of nefarious activity within the enterprise can be traced back to the continued use of paper and legacy systems. The biggest story this past...
Fraud warnings continue to grow louder as bad actors uncover new opportunities to take advantage of market volatility and other aspects of the unique circumstances of the pandemic. For the B2B fraud landscape, the threat is particularly large. A recent regulatory notice issued by the...
December 14, 2023
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 firm and then worked as an outside advisor, was charged Thursday (Dec. 14) with fraud, breach of trust, accounting and market manipulation, the Financial […]
June 25, 2020
Wirecard, the embattled Germany payment services company, said Thursday (June 25) it was filing for insolvency. The decision comes less than a week after auditors disclosed $2.1 billion of supposed...
June 23, 2020
Ex-Wirecard CEO Markus Braun was arrested Monday night (June 22) in the latest chapter that has rocked the German payment services provider, the Financial Times reported. Braun surrendered to Munich...
December 09, 2019
A South Korean court slapped three Samsung Electronics executives with jail sentences Monday (Dec. 9) for evidence tampering during an accounting fraud investigation, Reuters reported. Prosecutors said computers and servers from...
