Subscribe
Logo
Logo
  • Topics Icon Topics
    • AI Icon AI
    • Banking Icon Banking
    • Blockchain/DeFi Icon Blockchain/DeFi
    • Embedded Finance Icon Embedded Finance
    • Fraud/Identity Icon Fraud/Identity
    • Investing Icon Investing
    • Lending Icon Lending
    • Payments Icon Payments
    • Regulation Icon Regulation
    • Startups Icon Startups
  • Podcasts Icon Podcasts
  • Products Icon Products
    • Webinars Icon Webinars
    • White Papers Icon White Papers
  • TechWire Icon TechWire
  • Search
  • Subscribe
Reading
Wirecard CEO Resigns as the Mystery of the Missing $2B Deepens
ShareTweet
Home
Europe
Wirecard CEO Resigns as the Mystery of the Missing $2B Deepens

Wirecard CEO Resigns as the Mystery of the Missing $2B Deepens

Peter Renton·
EuropeFintech
·Jun. 19, 2020·1 min read

The CEO of Wirecard, Markus Braun, resigned today as the $2 billion that auditors say is missing still cannot be found; the two banks in the Philippines that were supposed to be holding the money said they have never seen the $2 billion; the company is in further trouble because they have delayed releasing their 2019 financial results multiple times jeopardizing their €2 billion worth of credit lines; the stock is down 72% in the last two days alone; critics of the company have said that the missing money has been growing for years as revenue reported from third party affiliates wasn’t real; one of the banks in question, Bank of the Philippine Islands said: “Wirecard is not a client. Their external auditor presented to us a document that claimed that they are a client. We have determined that the document is spurious.” The Wall Street Journal

  • Peter Renton
    Peter Renton

    Peter Renton cofounded Fintech Nexus as the world’s largest digital media company focused on fintech before it was acquired by Command. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.

    View all posts
Tags
auditfinancial resultspaymentsstock priceWirecard
Related

From CoDi to DiMo: Mexico’s second shot at growing digital payments

Jane Larimer_President & CEO_Nacha

Jane Larimer, President & CEO of Nacha, on operating the largest payments network

Fintech with benefits: solving healthcare payments

Breaking Down a Broken Healthcare Payments System

Popular Posts

Today:

  • Fintech Forecast (2)Consulting the crystal ball— which 2025 fintech predictions came true, and what’s in store for the rest of the year? Aug. 7, 2025
  • FNFounders and the Future Dispatch: Responsible AI in an Age of Acceleration Aug. 27, 2025
  • 5 Founders Driving Humanoid AIThe Humanoid Era: 5 Leaders Defining Physical AI Sep. 10, 2025
  • Fintech Nexus – Newsletter CreativeFintechs Take On AI x Fraud Sep. 16, 2025
  • Diya JollyXero’s CTO on building a ‘superagent’ for accounting Sep. 17, 2025
  • Sadi KhanInside Aven’s Founder Chic: Sadi Khan on Equity, Credit, and Cognitive Load Oct. 2, 2025
  • Cate DawsonBanking’s New Playbook for Tech, Regulation, and Partnerships Dec. 18, 2025
  • FNThe Bank Charter Gold Rush: What’s Really Happening and What it Means for Banking Feb. 12, 2026
  • FNOura’s CEO Tom Hale on Democratizing Health with AI and Data Mar. 12, 2026
  • FNInside Parafin’s Push to Close Small Business Finance’s $2 Trillion Gap Jun. 4, 2026

This month:

  • FNInside Parafin’s Push to Close Small Business Finance’s $2 Trillion Gap Jun. 4, 2026
  • FNMerge CEO on building the pipes behind AI, and starting with zero code May. 21, 2026
  • Private Fintech Has Quietly Become Bigger Than Public Fintech. Now What?Private Fintech Has Quietly Become Bigger Than Public Fintech. Now What? May. 28, 2026
  • Stephanie Sher, Founder, Integral VenturesIntegral Ventures’ Stephanie Sher is all about seeing diamonds in the rough May. 14, 2026
  • Chris Taylor Fractional AIFractional AI’s CEO Chris Taylor on Scaling the Unscalable Jul. 23, 2025
  • FNThe Bank Charter Gold Rush: What’s Really Happening and What it Means for Banking Feb. 12, 2026
  • MomentFunded: Moment raises $36M Series B to automate fixed income for financial institutions Jul. 18, 2025
  • What is Really Going on With Private CreditWhat is Really Going on With Private Credit Apr. 30, 2026
  • FN“A race against time” – Fenrock AI’s CEO on fighting the impending wave of AI fraud May. 7, 2026
  • NumosFunded: Numos raises $4.25M to make AI accountable to finance teams Apr. 3, 2026

More News
  • About
  • Contact
  • Disclaimer
  • Privacy Policy
  • Terms
Subscribe
Copyright © 2026 Fintech Nexus
  • Topics
    • AI
    • Banking
    • Blockchain/DeFi
    • Embedded Finance
    • Fraud/Identity
    • Investing
    • Lending
    • Payments
    • Regulation
    • Startups
  • Podcasts
  • Products
    • Webinars
    • White Papers
  • TechWire
  • Contact Us
Start typing to see results or hit ESC to close
lis digital banking USA Lending Club UK
See all results