Search results
Results from the WOW.Com Content Network
Wirecard's headquarters, raided on 1 July 2020 by German authorities [1]. The Wirecard scandal (German: Wirecard-Skandal) was a series of corrupt business practices and fraudulent financial reporting that led to the insolvency of Wirecard, a payment processor and financial services provider, headquartered in Munich, Germany.
Former Wirecard executives go on trial on Thursday, two years after the collapse of the payments company that produced Germany's biggest post-war fraud scandal and sent shockwaves through the ...
The directors were sued, but exonerated from fraud. Friedrich Krupp: Germany: 1873: Steel, metals: Krupp's business over-expanded, and had to take a 30m Mark loan from the Preußische Bank, the Bank of Prussia. Danatbank: Germany: 13 July 1931: Banking
Wirecard AG is an insolvent [4] German payment processor and financial services provider whose former CEO, COO, two board members, and other executives have been arrested or otherwise implicated in criminal proceedings. [5]
Spain's Santander is the latest bank to be caught up in Germany's biggest post-war fraud investigation involving a share-trading scheme that the authorities say cost taxpayers billions of euros.
Sam Bankman-Fried and Elizabeth Holmes may just be the tip of the corporate fraud iceberg that costs the economy $830 billion annually, study says. Irina Ivanova. November 30, 2023 at 7:00 AM.
The scam was aided by a network of co-conspirators that included family, friends and employees of the firm, but ultimately it was Schmider and Kleiser who paid the largest price for their crimes; they were both arrested in February 2000 on suspicion of fraud and tax evasion, four years after the authorities were allegedly first tipped off about the fraudulent business practices. [4]
In Munich, Germany, Adele Spitzeder founded the Spitzedersche Privatbank in 1869, promising an interest rate of 10 percent per month. By the time the scheme collapsed in 1872 it had become the largest case of fraud in 19th-century Bavaria.