Tag: Investment fraud
How gamblers play with the Dax
Dusseldorf Extreme price fluctuations, such as those recently experienced by the food delivery service Delivery Hero, whose shares are down around 37 percent on a monthly basis, are not uncommon…
How Jan Marsalek made 315 million euros disappear
It was the biggest deal Wirecard has ever completed. In 2015, the then German model company bought the Indian payment processor Hermes for 315 million euros. The board celebrated a…
German ex-Goldman banker puts a heavy burden on top managers
Tim Leissner (middle) 44 million dollars (39 million euros) were confiscated from the ex-Southeast Asia boss. (Photo: Bloomberg) new York It was an explosive statement: Executives at the major US…
Credit Suisse fined $81 million in the US
According to a law firm in the USA, the Swiss bank Credit Suisse has agreed to pay 81 million dollars after allegations of unfair collusion. In addition, the bank is…
Abuse of office by the Bafin in the Wirecard case unproven
BaFin The investors demanded from the Bafin compensation between 3000 and 60,000 euros. (Photo: dpa) Frankfurt In the Wirecard case, the Frankfurt Regional Court considers the allegation of abuse of…
Adler Group: Bafin examines balance sheets
Construction site of the Adler Group in Berlin Most recently, Adler had to postpone the presentation of the annual report, which was planned for the end of March, because a…
Insolvency proceedings against ex-boss of German Property Group
Cologne The decision of the district court of Bückeburg on January 14 is just three pages long. He orders “the interim administration of Charles Smethurst’s fortune for the security of…
Lawsuit against Wirecard management because of loans over 140 million euros
Singapore skyline Wirecard loans of over 140 million euros are said to have leaked here. The insolvency administrator is therefore suing the management board and two supervisory boards. (Photo: imago…
Accomplice of the “Wolf of Sofia” convicted in Munich
Accomplice of the “Wolf of Sofia” The sentence is six years and ten months in prison. (Photo: dpa) Dusseldorf In a trial of international online investment fraud before the Munich…
Prosecutors are bringing charges against former Marsalek confidants
Wirecard The payment service provider slipped into bankruptcy in 2020. (Photo: dpa) Dusseldorf In the financial scandal surrounding the payment service provider Wirecard, the Munich public prosecutor’s office brought charges…
Insolvency proceedings opened at Deutsche Lichtmiete
Well-lit halls With the lighting solutions for climbing or sports halls, but also for factories and warehouses, Deutsche Lichtmiete AG wanted to generate returns for its investors. Now the company…
Bafin imposes a fine on Deutsche Bank
Deutsche Bank headquarters in Frankfurt am Main The bank wants to accept the fine from the Bafin. (Photo: dpa) Frankfurt Deutsche Bank has to pay a fine of EUR 8.66…
Insolvency administrator Michael Jaffé gives shareholders hope
Munich, Düsseldorf There was silence in Room 134 of the Regional Court Munich I when Judge Helmut Krenek raised the floor on Thursday: “If this business did not exist and…
Insolvency administrator Michael Jaffé gives shareholders hope
Munich, Düsseldorf There was silence in Room 134 of the Regional Court Munich I when Judge Helmut Krenek raised the floor on Thursday: “If this business did not exist and…
“There is no doubt about the invalidity of the Wirecard balance sheet”
Munich, Düsseldorf There was silence in Room 134 of the Regional Court Munich I when Judge Helmut Krenek raised the floor on Thursday: “If this business did not exist and…
“There is no doubt about the invalidity of the Wirecard balance sheet”
Munich, Düsseldorf There was silence in Room 134 of the Regional Court Munich I when Judge Helmut Krenek raised the floor on Thursday: “If this business did not exist and…
Ex-Wirecard boss Markus Braun remains in prison
Markus Braun The former Wirecard CEO Markus Braun is not released even after a year and a half in custody. (Photo: Reuters) Düsseldorf, Munich The statements of his defense lawyers…
Munich Higher Regional Court gives investors hope for compensation
Wirecard Investors have suffered losses in the tens of billions. (Photo: AP) Munich The criticism of the Higher Regional Court (OLG) Munich was harsh. In a preliminary notice on Thursday,…
Antitrust penalty for HSBC, Barclays and Credit Suisse
Margrethe Vestager The EU Competition Commissioner spoke of a “clear message” for the banks. (Photo: AP) London The Swiss bank Credit Suisse and the three major British banks HSBC, Barclays…
Wirecard scandal: investigations against MPs
Dusseldorf Actually, they wanted to shed light on the Wirecard scandal, now the signs are turning. The members of the former investigative committee of the German Bundestag into Wirecard are…