Wirecard files for insolvency after ex-CEO arrested in $2 billion scandal

Wirecard files for insolvency after ex-CEO arrested in $2 billion scandal

The digital payments company said in a statement Thursday it had opened legal proceedings in Munich “due to impending insolvency and over-indebtedness.” Shares in the company, which have lost 90% of their value in less than a week, plunged sharply in Frankfurt after the announcement was made. Markus Braun, the Austrian tech CEO who built […]