After its billion-euro implosion, Wirecard’s 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 in to German authorities on the same day Wirecard admitted that $2.1 billion the company had reported on its balance sheet did not exist. He has since been … Continue reading After its billion-euro implosion, Wirecard’s former CEO is arrested for fraud