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June 23, 2020 11:17 am GMT

After its billion Euro implosion, Wirecards former CEO is arrested for fraud

German police have arrested Markus Braun, the former chief executive of the Munich-based fintech company Wirecard, for fraud, prosecutors in Munich said on Tuesday. Braun turned himself into German authorities on the same day Wirecard admitted that $2.1 billion the company had reported on its balance sheet did not exist. That revelation came three days […]

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