German prosecutors file first charges in Wirecard fraud


Former Wirecard authorities Jan Marsalek, a former enterprise affiliate, turned the first explicit particular person to be charged by a German prosecutor for a multi-billion euro fraud at a as quickly as high-flying price agency.

A Munich prosecutor said in a press launch Thursday that he had charged the particular person with 26 money launderings on December twenty first. He’s said to have participated in a plan with Marsalek to launder 22 million euros of embezzled wirecard funds.

Marsalek, accused of organizing years of fraud and € 1 billion of theft Was not seen FinTech went bankrupt after admitting that € 1.9 billion of cash and half of its earnings didn’t exist.

Accusations in opposition to minors in Marsalek’s orbit have been with former wirecard executives, actually one in every of Germany’s largest accounting frauds. auditor beneath investigation.

The prosecution said it targets to prosecute Marcus Browne, a former CEO and the largest shareholder of the chapter group, by the tip of March. Brown has been in custody for 18 months and said he was a sufferer of former protégé Marsalek and intends to indicate his innocence.

Marsalek’s lawyer declined to comment.

The prosecution said the particular person charged last month was accused of “intentional cash laundering mixed with exacerbation of fraud and willful violations of accounting obligations.” He has not been nominated and has beforehand denied dishonest, and his lawyer declined to comment.

He allegedly embezzled and cleaned Wirecard’s property value a minimum of € 22 million by collaborating in a problem with Marsalek and a male prosecutor, Rami El O, who can be beneath investigation, and investing in a German startup. I’m.

The indicted man has moreover been accused by prosecutors of misappropriating a minimum of € 8 million of embezzled funds from Lami El O and Marsalek.

“The defendant has been accused of shopping for and refurbishing personal actual property, and organising and funding his household workplace in Switzerland,” the prosecutor said.

The indictment is as follows: price Final 12 months, Singapore filed a lawsuit in opposition to 2 males accused of tampering with paperwork allegedly holding a complete bunch of hundreds and hundreds of euros in monetary establishment accounts on behalf of wirecards.

These paperwork have been part of a scheme in which Wirecard claims that half of its revenue comes from an affiliation with an obscure price processing agency based totally in Singapore, Dubai and the Philippines.

This story has been updated to proper the date of prosecution.

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