In March 2020, the German payment expert Ruben Weigand and the so-called “porn baron” Hamid “Ray” Akhavan have been arrested in California on charges of running a global money-laundering scheme. The center of this scheme is one of the largest on-demand marijuana marketplaces in the US, Eaze Technologies Inc. Both pleaded not guilty but remained in custody at a jail in California. Both have already been involved in the mega-money-laundering scheme of FBME Bank. And yes, there is a rather close connection to Wirecard. Consequently, Markus Braun war arrested again today.
Tag Archives: Jan Marsalek
The Wirecard case literally gets crazier by the minute. Continuously, we are fed with rumors of ever more fantastic or criminal activities in which the German DAX company and its responsible managers are said to be involved are spreading.We have recently heard that a raid was also carried out on Wirecard’s offices in Dublin, Ireland. Apparently also due to a money laundering report by the European Funds Recovery Initiative (EFRI).
Our sister site FinTelegram has pointed out many times over the last two years that the German FinTech champion Wirecard has been the financial heart of the international scammer scene. The former Wirecard CEO Markus Braun and his COO Jan Marsalek, for example, have maintained excellent relations with the fraudulent Israeli binary options scammer scene.
When giants fall, they fall fast and loud. And usually cause intense collateral damage. This was also the case with the DAX-listed German FinTech giant Wirecard. At present, the collapse of Wirecard offers the finest popcorn movie. You can literally smell the bad conscience of the German authorities – the public prosecutor’s office and BaFin – because of their omissions of the past.
A lack of funds in the amount of €1.9 billion dragged Wirecard into insolvency, thus causing problems for the company’s auditor EY as well as the German regulatory authority BaFin. The first question to be asked in the first place is whether the funds were ever in Wirecard at all. Most likely not! Another question pops up in this context: Why the Philippines?
An arrest order was issued for Jan Marsalek (“Darling Jan”), the former COO of Wirecard. He is supposed to be still in the Philippines. The dust after the collapse has not yet settled and much is not clear at this point. So much is sure!
For all people familiar with the Wirecard case, the filing for insolvency by Wirecard announced today is no surprise. No surprise at all. Rather expected as the logical result of the endgame that started with Markus Braun’s departure. For sure, the Wirecard Case is far from and will keep BaFin and prosecutors busy. The forensic analysis will most likely uncover interesting facts and connections.