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The key prosecution witness in Germany's biggest post-war fraud trial admitted guilt on Monday in a scam that led to Wirecard's collapse, but said the company was a "swindle" from the start with former chief executive Markus Braun at its core. Wirecard's downfall two years ago shook the German business establishment, putting politicians who had backed it and regulators who took years to investigate allegations against the payments company under intense scrutiny. ....
The key prosecution witness in Germany s biggest post-war fraud trial admitted guilt on Monday in a scam that led to Wirecard s collapse, but said the company was a "swindle" from the start with ....
The defense team for Wirecard's ex-boss called the charges against him "absurd." The company's collapse in 2020 dealt a blow to Germany's business reputation and raised accusations of improper government oversight. ....