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?
Tag Archives: Michelle Molloy
The payment service provider Wirecard is not running out of negative headlines. That’s for sure. The special audit report submitted[read article]
With the KPMG special audit report on the table Wirecard still pretends to believe that the accusations of balance sheet manipulation, irregularities in accounting, kick-back payments, and lack of transparency raised from many sides have been refuted or at least not been confirmed. The accusations of money-laundering in the context of client relationships with cybercrime organizations and scam operators are not dealt with at all. Admittedly, the scope of the special audit of KPMG did not include this pink elephant in the room.
The listed German Fintech WireCard is being shaken by a crisis that has lasted for months. The situation was triggered by[read article]
Good news for the victims of the GreyMountain Management (GMM) scams of the Israelis David Cartu and Jonathan Cartu and[read article]
While the U.S. authorities and courts consequently work their way through the fraudulent binary options industry the Europeans are rather[read article]
Recent Comments
it's a consolation to us, victims of fraudulent business online. Must take a class action against #wirecard and Anydesk program developer for the use of their
Elfi it’s Edwin, contact me on this as we are involved in this as well in the US.
[…] money laundering complaints with the authorities in Germany. #Wirecard went bust by now, pls read here for more details on our contribution to the
[…] money laundering complaints with the authorities in Germany. #Wirecard went bust by now, pls read here for more details on our contribution to the
[…] money laundering complaints with the authorities in Germany. #Wirecard went bust by now, pls read here for more details on our contribution to the