Thursday, May 13, 2021
Thursday, May 13, 2021

Wirecard CEO Markus Braun Arrested After $2 Billion Goes ‘Missing’

Get Your Content. Daily.

Be the first to know about the biggest stories as they break. Sign up for breaking news email alerts from Your Content.

Wirecard has acknowledged that $2.1 billion its auditors were unable to locate probably never existed, deepening a crisis at the German digital payments company — and now the CEO is behind bars, Your Content is first to report.

Markus Braun, who leads Wirecard and acted as their CEO until abruptly ditching the position Friday, was arrested according to foreign breaking news reports.

Braun resigned on Friday after EY said the cash, which makes up roughly a quarter of the company’s assets, could not be located. Before he quit, Braun suggested the company may have been the victim of massive fraud.


Stay with Your Content for the latest updates. Have a story or news tip? Contact our 24/7 newsroom at 833.336.8013.

- Advertisement -

Protect Independent Journalism

Your Content is a nonprofit newsroom registered in Pennsylvania [Entity No.: 6690403] that produces nonpartisan, evidence-based journalism to expose injustice, corruption and wrongdoing.

Spearheading the news revolution for Americans across the nation, Your Content has brought a voice to those the media failed to acknowledge.

This story you’ve just finished was funded by our readers and we hope it inspires you to make a gift to Your Content so that we can publish more reports like this one that holds people in power to account and produces real change.

Your donation will help us ensure that we can continue this critical work. We are busier than ever covering stories you won’t see anywhere else.

USA
33,617,827
confirmed cases
Updated on May 13, 2021 6:26 pm
united states
598,458
deaths
Updated on May 13, 2021 6:26 pm
united states
6,358,712
active
Updated on May 13, 2021 6:26 pm
united states
26,660,657
recovered
Updated on May 13, 2021 6:26 pm
World
161,775,885
confirmed cases
Updated on May 13, 2021 6:26 pm
world
3,357,042
deaths
Updated on May 13, 2021 6:26 pm
world
17,793,176
active
Updated on May 13, 2021 6:26 pm
world
140,625,667
recovered
Updated on May 13, 2021 6:26 pm

Related Articles