Florian Eder News Today

Former chief operating officer Jan Marsalek vanished after audit revealed €1.9bn hole in cash reserves

The key prosecution witness in Germany's biggest post-war fraud trial admitted guilt on Monday in a scam that led to Wirecard's collapse, but said the company was a "swindle" from the start with former chief executive Markus Braun at its core. Wirecard's downfall two years ago shook the German business establishment, putting politicians who had backed it and regulators who took years to investigate allegations against the payments company under intense scrutiny.

The key prosecution witness in Germanys biggest post-war fraud trial admitted guilt on Monday in a scam that led to Wirecards collapse, but said the company was a "swindle" from the start with

State witness and former CEO Markus Braun trade accusations over who was responsible for spectacular collapse

The defense team for Wirecard's ex-boss called the charges against him "absurd." The company's collapse in 2020 dealt a blow to Germany's business reputation and raised accusations of improper government oversight.

Markus Braun is on trial over the 2020 demise of digital payment company that collapsed over allegations it was built on fraud

MUNICH--Wirecards former chief executive, who steered the payments company through its rise and spectacular collapse two years ago, went on trial...

"When in fact, at least according to the prosecution's investigation, there were actually only losses since 2015." EVIDENCE Prosecutors will draw on evidence from Braun's co-defendant Oliver Bellenhaus, the former head of Wirecard's subsidiary in Dubai, who became a witness after turning himself in to German authorities in 2020. His lawyer Florian Eder told reporters that Bellenhaus wanted to admit his own guilt but added that "there must also be a very, very clear r...

Munich: Wirecard s ex CEO Markus Braun and two former executives went on trial in Munich on Thursday charged with fraud over their involvement in Germ...

Wirecard's ex-CEO Markus Braun and two former executives went on trial in Munich on Thursday charged with fraud over their involvement in Germany's bi...