Wirecard CEO Markus Braun was “The Godfather” of an elaborate scheme to defraud investors in the fintech star Wirecard, a former German lawmaker told DW ahead of the opening of a trial into the scandal on Thursday.
Fabio De Masi, a former lawmaker for Germany’s socialist Left Party who sat on a parliamentary inquiry into the Wirecard affair, said “Mr. Braun was not a victim but The Godfather of the criminal operation.”
De Masi recalled parliament’s 675-page report on Wirecard, published last year, that established that Braun was involved in signing off on funds to third-party firms despite warnings that he was giving away “the last liquidity of Wirecard.”
What was Wirecard?
Wirecard was once the poster child for Germany’s financial technology sector. The firm began life in 1999 as an online payment processor for porn and gambling websites and grew a
— source dw.com | Nik Martin | 08/Dec/2022