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Wirecard committed ‘elaborate and sophisticated fraud’ say auditors

The auditors of Wirecard have accused it of committing an "elaborate and sophisticated fraud." The German payments provider has filed for insolvency and its CEO has been arrested.

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20 Feb 2019
Three reports by the Financial Times have accused Wirecard's Singapore office of forgery, falsification of accounts and money laundering. A probe has now been opened into the journalist who made the accusations.
27 Mar 2019
The German fintech company had been accused of cooking its books to inflate profits. An independent investigation has found that the accusations were false, though individual employees in Asia may be charged with crimes.
22 Jun 2020
Wirecard was said to have $2.1 billion in two Philippine banks, but the country's central bank said that documents linking them to the money were fake. The German financial startup has been marred by fraud allegations.
29 Jun 2020
The auditors of Wirecard have accused it of committing an "elaborate and sophisticated fraud." The German payments provider has filed for insolvency and its CEO has been arrested.
2 Aug 2020
The German parliament's finance committee has convened a special session to question two of Chancellor Angela Merkel's Cabinet ministers about their knowledge of Wirecard's multibillion-euro alleged fraud.
13 Aug 2020
Germany's Financial Intelligence Unit reportedly only handed over a small number of reports containing information related to Wirecard. The Munich public prosecutor said "only two" were received before June 2020.
9 Oct 2020
European finance experts are in Rome as part of an audit and have praised the Vatican's efforts to clean its financial house. The pope likened the fight to Jesus expelling the money changers from the temple.
10 Jun 2021
A report by the European Court of Auditors has slammed Frontex for failing to provide "sufficiently effective" assistance to countries looking to tackle illegal migration.
23 Jun 2021
The final report of a parliamentary probe into the scandalous collapse of the German payment-processing company Wirecard has concluded that the Finance Ministry failed to detect fraud that cost investors millions.