Friday 17 July 2020
The case against Germany‘s fallen fintech firm Wirecard has a confession: the chief exec of Dubai-based subsidiary Cardsystems Middle East, who Reuters reports turned himself last week, is ready to talk. The exec remains unidentified by Munich prosecutors, but he’s reportedly admitted to his role in the multi-billion-dollar fraud to his lawyer and has since been jailed. He’s notably the first Wirecard insider to admit any wrongdoing. “My client has voluntarily given himself up for the proceedings and — in contrast to others — takes individual responsibility,” said defence lawyer Nicolas Fruehsorger in a statement shared by Reuters. Wirecard stock crashed more…
This story continues at The Next Web
