Wirecard’s recently departed chief executive, Markus Braun, was arrested by police, days after the German payments company revealed a $2 billion hole in its books.
Munich city prosecutors said he was arrested late Monday on suspicion of presenting false information. It was a swift turn of events for Mr. Braun, who was Wirecard’s largest shareholder and served as CEO for nearly two decades until he resigned last Friday.
It wasn't ME - Mr Potter took it. It WAS a wonderful life! 😠
While Shambhavi Anand knowingly broke 🇮🇳abortion law(20wks) TWICE (6 & 7mnths-A Criminal Offense) aborted 7mnths alive girl child then fled 2 🇨🇦 BrockUniversity GoodmanSchool 2 b 'Future Business Leader' AllLivesMatter AbbyJohnson LeslynLewis cathayw
He thinks he's so cool. Lol. Pile of poo.
Sounds like he’s taken the path of least resistance - you give me money, and I take it and spend it on whatever I want. My view right now is that investors are AT LEAST 50% responsible. Greed, ignorance and stupidty has a consequence.
He has a position waiting in the Trump Administration.
Any chance of also arrested Markus Jooste ? Steinhoff is listed in German
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Former Wirecard CEO arrested on suspicion of falsifying revenue: prosecutorsFormer Wirecard Chief Executive Markus Braun has been arrested on suspicion of falsifying company revenue to make it appear stronger and more attractive for investors and customers, prosecutors said in a statement on Tuesday. 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. Pongan una gran reja rodeando todo el ámbito de wall street, sería más sencillo HabraConsecuencias Is on advisory board for Deutsche Bank too, maybe advised Trump on loopholes within too
Source: Reuters - 🏆 2. / 97 Read more »
Former Wirecard CEO arrested on charges of inflating balance sheetBraun resigned on Friday after the German payment service provider said auditors at EY couldn't locate 1.9 billion euros ($2.1 billion) of cash on its balance sheet. $TSLA $TSLAQ ☝️ One more added to the list of fraudsters. saxena_puru liked this lol
Source: CNBC - 🏆 12. / 72 Read more »
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
Source: Reuters - 🏆 2. / 97 Read more »
German prosecutors may seek arrest of former Wirecard executives, say sourcesGerman prosecutors may issue arrest warrants against former Wirecard bosses Markus Braun and Jan Marsalek as they investigate how $2.1 billion went missing from the electronic payments company, two sources said on Monday. Where there's a scandal you can rest assured there's a German, or many Germans. Then the NZ arrest - connect? Whaaat? Arrest a German due to a scandal? What a joke... Nobody goes to the jail in Germany if you are rich, important and powerful.
Source: Reuters - 🏆 2. / 97 Read more »
Very clear Wirecard deposit certificate was 'spurious', BPI CEO saysBank of the Philippine Islands Chief Executive Cezar Consing said it was clear that a certificate purporting to be for a Wirecard deposit was 'spurious' and reiterated that no cash from the German payments firm had entered the bank. Almost 2 billion euro counterfeit funds, man gets fired. $20 bill may or may not have been counterfeit, man is murdered. See the difference?
Source: Reuters - 🏆 2. / 97 Read more »
Fraud Allegations Rock Tech Company Wirecard—Billionaire CEO Earned MillionsIt's likely that this downfall will continue. Thousands of workers will lose their jobs. The credibility of the global financial markets will be harmed—at a time when most people have already lost faith in our institutions. This is a sad saga that looks like it will end badly for everyone involved. Took the Kylie Jenner route I see SS chambers, VOLKSWAGEN Dieselgate, Wirecard fraud, and many more. The myth of German honesty at work here! Fraud? Ooo, that means their stock price will skyrocket! Throw in news of bankruptcy!! Price will shoot even higher!
Source: Forbes - 🏆 394. / 53 Read more »