wirecard News and Articles

On March 10, prosecutors in Munich accused the former CEO of bankrupt German fintech firm Wirecard, Markus Braun, of fraud, breach of trust, falsified accounts, and market manipulation. He faces up to 15 years in prison. Initially released on bail in June 2020, Brown was re-arrested in July of that...

The Munich prosecutor's office is investigating a possible connection between the Lithuanian fintech company Finolita and the theft of more than € 100 million from the Wirecard payment service a few weeks before its collapse. According to the investigation, more than a third of the missing money...

As we have already written, FCA suspended the Wirecard, which issues crypto cards. And because of this, thousands of users of Crypto.com’s Mco visa debit card and Tenx’s visa debit card didn't have access to their funds for some time. In its statement, FCA mentioned that they understand some...

The UK Financial Supervisory Authority (FCA) has suspended its Wirecard subsidiary, Wirecard Card Solutions (WCS), which issues Visa debit cards for the cryptocurrency companies Crypto.com and TenX. On Friday, the FCA stated that the WCS “is no longer allowed to conduct any organized...

Markus Braun, the previous CEO of the Wirecard payment organization, was arrested in Germany. Munich prosecutors confirmed Braun's arrest on Tuesday, June 23, on suspicion of inflating Wirecard’s balance sheet. Yesterday, Wirecard confirmed that the company's funds worth € 1.9 billion (almost a...