Tag Archives: BaFin

How the German SEC Refuses a Decade of Warnings About the Wirecard | Instant News

Germany’s top financial watchdog received detailed warnings about deceptive financial practices at Wirecard AG beginning in 2008 but repeatedly failed to investigate the allegations, and instead opposed the accusers.

For more than a decade, US investors, whistleblowers, authorities and journalists have warned of the possibility of accounting fraud or money laundering, practices that are now at the core of criminal investigations against humiliated fintech giants.


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