$2.10B
Involved
Wirecard Accounting Fraud
🇩🇪
Germany
accounting fraud
Prosecution Ongoing
Date Discovered
June 18, 2020
Organization
Wirecard AG
Victims
6,000
Perpetrators
Markus Braun, Jan Marsalek
Legal Outcome
Braun arrested, Marsalek fugitive. EY auditor facing lawsuits. Company filed for insolvency.
Economic Impact
€1.9 billion "missing", DAX company bankruptcy, German regulatory failure exposed.
Regulatory Changes
BaFin reform, enhanced fintech oversight, auditor liability review.