Wirecard under investigation by US authorities - report

Wednesday, 08. July 2020 19:44

The Manhattan United States Attorney's office and the New York field office of the Federal Bureau of Investigation are reportedly investigating if the now insolvent German payment processor and financial services provider Wirecard had any role in the supposed conspiracy by working both as the payment processor and as an offshore merchant bank. According to The Wall Street Journal, the authorities are also investigating the roles of several former or current top Wirecard executives.

According to the sources, Wirecard's alleged $100 million bank-fraud conspiracy could be connected to an online marijuana marketplace.

Two businessmen have already been charged in the fraud and prosecutors said that they did it by using fake companies with offshore accounts in banks that then got big awards for these transactions.

Related Links: Wirecard AG
Breaking the News / TF