Jan Marsalek We are looking for the ex-COO of Wirecard. – (Photo: Wirecard) – – – – Munich The fraud at the insolvent payment service provider Wirecard is apparently even bigger than expected. The previous assumption was that 1.9 billion euros were missing from the balance sheet. Research now shows: The existence of a further … Read more
– Broken windshield The changing season in car insurance is in full swing. – (Photo: imago images / blickwinkel) – – – – Frankfurt Hardly any other insurance start-up has caused as much discussion in the past few weeks as the digital insurance provider Getsafe. In late summer, the “Deutsche Startups” portal reported that the … Read more
Old building in Berlin (symbol picture) Many investors are stunned. They fear for their savings. – (Foto: imago images/Sabine Gudath) – – – – Frankfurt, Düsseldorf The houses are in Leipzig, Berlin, Augsburg, Hanau and elsewhere in Germany. They are old buildings, many of which are listed. “Listed Buildings” is what the company “German Property Group” … Read more
Spendit office in Munich The financial start-up cooperates with the British Wirecard subsidiary Wirecard Card Solutions (WDCS). This is causing problems now. – (Foto: Spendit AG) – – – – Frankfurt A few days after Wirecard filed for bankruptcy, the consequences for the company’s customers are becoming increasingly clear. In addition to financial start-ups (fintechs), dealers … Read more
Missing billions at Wirecard The German government accuses the privately organized DPR of failing to audit Wirecard’s balance sheet. – (Photo: dpa) – – – – Düsseldorf On July 3, 2015, the then Federal Minister of Justice Heiko Maas (SPD) put warm words into a speech. He spoke on the tenth anniversary of the German … Read more
DGermans fell for a huge fraud. Until June 18, Wirecard was considered a beacon of hope for the economy, which had made it into the German share index Dax. The group was worth twelve billion euros. The payment service provider filed for bankruptcy on Thursday. Wirecard is now worth 176 million euros. It is now … Read more
The new CEO James Freis and Supervisory Board Chairman Thomas Eichelmann had been negotiating with the approximately 15 creditor banks since the penultimate Friday. Under the leadership of Commerzbank, Landesbank Baden-Württemberg and the two major Dutch banks ABN Amro and ING, they granted Wirecard a credit line of EUR 1.75 billion about two years ago. … Read more
BDO in Manila The search of the 1.9 billion euros of Wirecard was at the Bank in the Philippines in vain. – (Photo: Bloomberg) – – – – Frankfurt/Munich That Wirecard is currently one of the largest financial scandals in the German economy plays in history, shows visitors to the group’s headquarters on Monday only … Read more
Frankfurt What is the meaning of volatility in the stock markets, get investors this year to feel so right. Four and a half percent, the Dax lost last Thursday, when U.S. benchmark index, the S&P 500, it was 5.9 percent. If the 2019 would have happened, had listed on the stock exchanges, the biggest one-day … Read more
– Wirecard headquarters The payment service provider has repeatedly had to deal with allegations in the past. – (Photo: Reuters) – – – – Munich Despite the burden of the corona crisis, payment processor Wirecard grew significantly in the first quarter. According to preliminary figures, sales rose by almost a quarter to 700.2 million euros, … Read more