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Wirecard Investors Sue EY for €700 Million Over Audit Failures!
In the Wirecard scandal, a new investor lawsuit is targeting Ernst & Young (EY), the accounting firm responsible for auditing Wirecard’s books prior to its dramatic collapse in 2020. This legal action, representing thousands of individual and institutional investors, is seeking damages totaling over €700 million. Former Wirecard CEO Markus Braun is currently standing trial in Munich, facing charges of accounting fraud, market manipulation, breach of trust, and gang fraud.