Markus Braun – FinTelegram News

Tag: Markus Braun

July 23, 2020

Wirecard was run by a criminal organization – what about Payvision and ING?

Surprise, Surprise! The Wirecard madhouse was run by a criminal organization, says the German public prosecutor on July 23, 2020. he public prosecutor's office has allegedly been able to confirm and support these statements with facts. Consequently, the former managers Markus Braun, Burkhard Ley, and the former head of accounting were arrested. The former COO, the Austrian Jan Marsalek remains on the run. But Wirecard is not the only payment processor with close connection to cybercrime and money-laundering.

July 22, 2020

Wirecard – Braun and 3 others arrested; Phony merchants, a porn baron, marijuana, and transaction laundering

In March 2020, the German payment expert Ruben Weigand and the so-called "porn baron" Hamid “Ray” Akhavan have been arrested in California on charges of running a global money-laundering scheme. The center of this scheme is one of the largest on-demand marijuana marketplaces in the US, Eaze Technologies Inc. Both pleaded not guilty but remained in custody at a jail in California. Both have already been involved in the mega-money-laundering scheme of FBME Bank. And yes, there is a rather close connection to Wirecard. Consequently, Markus Braun war arrested again today.

July 12, 2020

German FinTech Turf -Michael Gastauer and Black Banx

Until recently, Germany had a good reputation in the financial sector although its banking industry has significant structural problems. All the more reason to be proud of Wirecard. The DAX-listed German fintech managed by the two Austrians Markus Braun and Jan Marsalek seemed to be the superstar in the booming market of next-generation payment processors. Until it collapsed. But there are several dubious German fintechs and payment processors that are active in the worldwide cybercrime scene. Michael Gastauer and his group of companies should be mentioned here.

July 9, 2020

The Wirecard Rat Race – Money-laundering, Marijuana, Russian Nerve Gas, and Secret Services

The Wirecard case literally gets crazier by the minute. Continuously, we are fed with rumors of ever more fantastic or criminal activities in which the German DAX company and its responsible managers are said to be involved are spreading.We have recently heard that a raid was also carried out on Wirecard's offices in Dublin, Ireland. Apparently also due to a money laundering report by the European Funds Recovery Initiative (EFRI).

July 1, 2020

Wirecard Offices Raided in Massive Enforcement Action

It's Wirecard time, again! In the course of the Wirecard investigations, the authorities conduct another raid. As announced by the Munich I public prosecutor's office, it has been searching five properties since Wednesday morning, three of them in Munich - including the German headquarters of Wirecard AG - and two in Austria by way of legal assistance.

June 30, 2020

Former Wirecard COO Jan Marsalek on the run

The Austrian Jan Marsalek, 40, was until recently Wirecard board member and the company's COO. He was considered the right hand of his compatriot Markus Braun. Marsalek is said to have rarely been seen at Wirecard headquarters, although as COO he was responsible for operative business. He was a phantom, one German newspaper outlet claims.

June 25, 2020

RIP Wirecard – Cybercrime will miss you! And BaFin too!

For all people familiar with the Wirecard case, the filing for insolvency by Wirecard announced today is no surprise. No surprise at all. It was probably the first DAX-listed company to turn belly up under the blind eyes and the protection of the German regulator BaFin and the German public prosecutor's office, causing lasting damage to the German financial market. Shame on you BaFin and you the involved German prosecutors. The failure of Wirecard is your failure too.

June 25, 2020

Former Wirecard Markus Braun released on bail and caught by a margin call

The detainment of former Wirecard CEO Markus Braun was a rather short stint. His former colleague on the Board of Management and long-time companion Jan Marsalek was not even within reach of the law enforcement agents because he was allegedly in the Philippines, i.e. he is on the run. But back to Braun.

Illegal Payment Services

June 23, 2020

Breaking News – Former Wirecard CEO arrested

The public prosecutor's office in Munich has issued an arrest warrant against the former CEO of Wirecard, Markus Braun. He was arrested on Monday, June 22, 2020, as an rather inevitable consequence of the Wirecard scandal with missing €2 billion, alleged accounting manipulations and related securities fraud.

June 23, 2020

Markus Braun and Wirecard – The Endgame

In the end, it was just too much! After it became known that Wirecard had refused to grant the EY a certificate because the group was apparently lacking €1.9 billion, the share price plummeted by more than 60% within a few minutes. Initially, CEO Markus Braun spoke of a possible gigantic fraud in which Wirecard could have been the victim. On Monday, 22 June 2020 Markus Braun was arrested.

Wirecard

June 9, 2020

Breaking News: Wirecard may be related to hacker attacks against critics, short-sellers, and journalists.

The Financial Times' findings that the German FinTech Wirecard may be related to online attacks on critics are neither new nor surprising. It is well known in the scene that the Austrian Wirecard CEO Markus Braun and his fellow board member Jan Marsalek dig deep into their pockets when it comes to keeping critics quiet through lawsuits, PR campaigns, or social media attacks.

June 7, 2020

Wirecard Office Raids – German BaFin finally moved against Markus Braun and other directors

The German watchdog took action in the Wirecard case. It was about time and hence it didn't really come as a surprise when Munich law enforcement agents had the offices of Wirecard‘s headquarters searched last Friday. Previously, BaFin had filed a criminal complaint against Wirecard on suspicion of market manipulation. The investigations by the public prosecutor’s office are allegedly directed primarily against Wirecard CEO Markus Braun and his fellow board members. It currently looks as if Braun's time as CEO will soon be over.