Wirecard’s Chief Operating Officer Assumed to be on the Run

Wirecard’s long time chief operating officer is said to be on the run according to former colleagues who said he stopped responding to messages when the company ran into trouble; the company said they have not spoke with Jan Marsalek since they suspended his employment on June 18th; Munich prosecutors said they are probing the former managers to determine whether they faked income to fool investors about the company’s health; immigration records in the Philippines were faked and Marsalek apparently never entered the country when records indicated he did; the company has come completely undone in the last few weeks after being considered one of the most successful fintech companies in Europe. Wall Street Journal.