See Why Markus Braun, Ex CEO of Wirecard Was Arrested - Everything You Should Know About Everything including Music, celebrities, and your mentors

Tuesday, June 23, 2020

See Why Markus Braun, Ex CEO of Wirecard Was Arrested

See Why Markus Braun, Ex CEO of Wirecard Was Arrested

The ex-CEO of Wirecard, Markus Braun has been arrested on suspicion of inflating the firm's balance sheet & sales through fake transactions in order to make the company more attractive to investors & customers. $2.1B disappeared from the firm's account.

Wirecard was rocked last week by allegations of fraud. The once-heralded tech company reported that over $2 billion it claimed to have didn’t exist. CEO Markus Braun resigned. The stock price plummeted over 85%, destroying $12.5 billion in market value.

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