BaFin employee fired for conspicious Wirecard speculations
The collapse of the listed German FinTech miracle Wirecard is still making high political waves. The regulator BaFin is at the center of criticism for not acting properly in this affair. The Wirecard fraud took place under the sleepy regulatory eyes of BaFin employees. Some employees actually used the Wirecard crisis and possibly insider information to speculate privately with its shares. At least four BaFin employees have been exposed as Wirecard speculators; one of them was fired as of November 30.