Thursday, 09 Jul 2020 09:51 AM MYT
WASHINGTON, July 9 ― The US Department of Justice is examining whether German payment company Wirecard AG played a critical role in an alleged US$100 million bank-fraud conspiracy connected to an online marijuana marketplace, theThe Manhattan US Attorney's office and the New York field office of the Federal Bureau of Investigation are examining whether Wirecard played a role in the alleged conspiracy by serving as both a payment processor and an offshore merchant bank, the Journal said,...
A law enforcement official familiar with the department's Wirecard investigation confirmed the WSJ report, but declined to elaborate. Two businessmen have already been charged in the alleged bank fraud, accused of conspiring with third-party payment processors and others to trick US banks into approving credit-card payments for marijuana products, according to the WSJ and documents filed with the Southern District of New York dated April 27.
Source: News Formal (newsformal.com)
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