Thursday, June 25, 2020

Wirecard files for insolvency after accounting scandal


FRANKFURT, Germany (AP) — German financial technology company Wirecard said Thursday it is filing for insolvency amid an accounting scandal that led earlier this week to the arrest of its former CEO. The company said it would make the filing at a district court in Munich “due to impending insolvency and over-indebtedness.” It added in […]

source https://www.seattletimes.com/business/wirecard-scandal-puts-spotlight-on-german-company-regulation-2/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_technology

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