FILE PHOTO: Markus Braun, CEO of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions attends the company's annual news conference in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder
Wirecard had said on Monday that 1.9 billion euros it had booked in its accounts likely never existed, a black hole that threatens to engulf the payments company. Braun is accused of misrepresenting the company’s accounts and of market manipulation by falsifying income from transactions with so-called third-party acquirers, the prosecutors added.
The one-time investor darling is now holding emergency talks with its banks, which are owed roughly 1.75 billion euros, to avert a looming cash crunch triggered by the missing money.
Is on advisory board for Deutsche Bank too, maybe advised Trump on loopholes within too
Pongan una gran reja rodeando todo el ámbito de wall street, sería más sencillo HabraConsecuencias
Wisdom 1 8 No one who speaks what is wrong will go undetected, nor will avenging Justice pass by such a one. 9 For the schemes of the godless will be examined, and a report of his words will reach the Lord to convict him of his crimes.
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Former Wirecard CEO detained on accusation of inflating balance sheet: prosecutorsFormer Wirecard Chief Executive Markus Braun has been detained on accusations of inflating the company's balance sheet and revenues to make it appear stronger and more attractive for investors and customers, prosecutors said in a statement on Tuesday. Long time coming
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