#Wirecard bank ag charge reddit skin

However, personal attacks, insults, trolling, or accounts dedicated to getting under the skin of others is not allowed, and will be banned.Ĥ. We recognize that this forum will generate differences of opinion, or misunderstandings of facts, and therefore arguments are expected. Off topic comments, attacks or insults will not be tolerated. Keep discussions civil, informative and polite. If your question likely has a 'right answer', a beginner topic, you simply need help finding general investing information, or if it's asking for general input on what to do with your investments then post in the ' Daily Advice and Discussion Thread'.ģ. Do not make posts looking for advice about your personal situation. We generally expect that your topic incites responses relating to investing.Ģ. We are not a politics or general corporate news forum. Share investment ideas and insights or ask thoughtful investing discussion questions. 21: A Munich district court said it had admitted charges against former Wirecard executives, paving way for a trial.1. 14: German prosecutors file first charges in Wirecard fraud, the Financial Times reports. June 5: Authorities in the Philippines plan to sue some Wirecard executives. 24: The head of Germany's accounting watchdog steps down.Īpril 22: Scholz denies any responsibility for the Wirecard fraud.Īpril 23: Then chancellor Angela Merkel rejects criticism of her lobbying for Wirecard in China months before it collapsed, saying she had no reason to suspect the firm of criminality. 2: Olaf Scholz, then German finance minister and vice-chancellor, announces he is giving BaFin more powers to spot and investigate misconduct at companies it supervises.įeb.

29: Felix Hufeld, president of German financial watchdog BaFin, steps down.įeb. 1: German lawmakers launch a parliamentary inquiry into Wirecard. July 22: German prosecutors arrest three former top executives of Wirecard, including Braun, saying they suspected them of masterminding a criminal racket to fake the company's accounts and defraud creditors of billions of euros. July 16: The former head of a Dubai-based subsidiary of Wirecard admits wrongdoing to prosecutors for his role in a multi-billion-euro fraud. July 9: German state prosecutors start investigating individuals at Wirecard for suspected money laundering. July 6: German prosecutors arrest the head of a Dubai-based subsidiary of Wirecard. July 2: The head of Germany's financial watchdog calls the accounting scandal at Wirecard 'a massive criminal act'. July 1: Police and public prosecutors raid Wirecard's headquarters in Munich and four properties in German and Austria as they widen their investigation into the company. June 29: A Munich court appoints Michael Jaffe to manage the insolvency of Wirecard. June 25: Wirecard files for insolvency, owing creditors almost $4 billion after disclosing a gaping hole in its books. June 23: Wirecard's former boss Braun is released on bail after being arrested on suspicion of falsifying the company's accounts.

June 22: The finance ministry examines giving Wirecard loan from state bank KfW, documents seen by Reuters show. June 22: Wirecard says that the 1.9 billion euros it booked in its accounts likely never existed. June 19: Wirecard's CEO Markus Braun quits as firm's search for missing cash hits a dead end in the Philippines and it scrambles to secure a financial lifeline from its banks. June 18: Auditor EY refuses to sign off Wirecard's 2019 accounts as it was unable to confirm the existence of 1.9 billion euros ($1.99 billion) in cash balances on trust accounts, representing around a quarter of its balance sheet. May 25: Publication of final 2019 results is postponed for a third time. 28: An independent investigation by auditor KPMG finds that Wirecard did not provide sufficient documentation to address all allegations of accounting irregularities made by the Financial Times.