German prosecutors are looking into possible money laundering by executives at Wirecard, adding to probes related to potential fraud and fake accounting at the insolvent payments firm. Wirecard's U.S.-listed shares plummeted 64% toward a 3 1/2-year low after payment processor said its auditor can't find evidence of over $2 billion in cash on the company's balance sheet, and that there was evidence of "spurious balance confirmations" from the side of the trustee. Some of those announcements were misleading or were promoted without the agreement of the companies involved. Some of those announcements were misleading or were promoted without the agreement of the companies involved.

In a letter to a German EU lawmaker, Martin Schirdewan, he said his institution “did not play a role in assessing whether Wirecard AG was a financial holding company from a prudential perspective,” adding that this was the “sole competence” of national authorities -- in this case BaFin.German lawmakers have said that the failure to classify Wirecard as a financial holding was a key shortcoming of supervisors, as such an assessment would have allowed for much stricter accounting controls. Log in to see them here or sign up to get started.Create a list of the investments you want to track.Visit a quote page and your recently viewed tickers will be displayed here.All the major indexes closed higher as markets weighed increasing coronavirus cases against economic data from China showing factory activity rising to a three-month high.The second half of 2020 looks increasingly foggy, particularly on the role massive federal stimulus will play. Stock analysis for Wirecard AG (WRCDF:OTC US) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Reminds Investors That Class Action Lawsuits Have Been Filed Against Wirecard, J2 Global, VerricaWCAGY; WRCDF Investor Alert: Bronstein, Gewirtz & Grossman, LLC Reminds Shareholders of Class Action Against Wirecard AG and EnDEADLINE ALERT for PPC, GEO, WCAGY, WRCDF, and JCOM: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions onSHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Wirecard AG – WCAGY- WRCDFWCAGY, WRCDF EQUITY ALERT: ROSEN, A RANKED AND LEADING FIRM, Encourages Wirecard AG Investors to Contact Firm Before ImportantROSEN, A LONGSTANDING AND TRUSTED FIRM, Reminds Wirecard AG Investors of Important Deadline in Securities Class Action –DEADLINE ALERT for GEO, WCAGY, JCOM, VRCA: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf ofBragar Eagel & Squire, P.C. Have Watchlists?


Touch device users, explore by touch or with swipe gestures.When autocomplete results are available use up and down arrows to review and enter to select. Senate passes sanctions on China, Texas case surge puts reopening on pause, Fed stress test results are in, and other news to start your day. Mastercard, Network International, The Mint Corporation, FIS, GPS, Wirecard, PayPal, PayUDGAP-News: TCI has filed a criminal complaint against responsible parties of Wirecard AGDigital Payment Market Covering Covid-19 Impact on Global Market Forecast to 2025 – Latest and Upcoming TrendsDGAP-News: Wirecard AG: Comprehensive change in the Management Board of Wirecard AG; Improvements in organizational processesDGAP-Adhoc: Wirecard AG: Personnel changes, distribution of business a multinational accounting scandal at the insolvent German payments company.German prosecutors arrested former Wirecard executives they say colluded to inflate (Bloomberg) -- The European Central Bank denied any involvement in deciding that Wirecard AG wasn’t a financial holding company, a crucial determination that gave authorities limited powers in scrutinizing the firm ahead of its spectacular collapse.The decision was instead the sole responsibility of German supervisor BaFin, according to Andrea Enria, the head of the ECB’s supervisory arm. Tuesday 28 July 2020.

Touch device users, explore by touch or with swipe gestures. Reminds Investors That Class Action Lawsuits Have Been Filed Against GEO Group, Wirecard, J2 Global,HAGENS BERMAN, APPOINTED LEAD COUNSEL in Wirecard Securities Fraud Class Action, Notifies Wirecard ADS Investors (WCAGY; WRCDF)Lead Plaintiff Deadline Alert: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 Investing In WiWhen autocomplete results are available use up and down arrows to review and enter to select. Much of the criticism has centered on BaFin, which has acknowledged that it’s one of the institutions that fell short, while defending its actions.Hufeld has already faced accusations that he gave false information regarding BaFin’s contacts with authorities in Singapore over Wirecard, though a spokeswoman said he was merely “imprecise” when he said which authority BaFin had contacted and has since clarified that in conversations with lawmakers.Enria also said that entities within the Wirecard group “neither qualified as a payment system nor as a payment scheme and thus were not subject to payments oversight” by the ECB.The parliamentary finance committee will hold a special hearing into the Wirecard scandal on Aug. 31 and Sept. 1 with representatives from the Chancellery, the Justice Ministry, BaFin, and the Bundesbank.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.He called bottom of stocks in '09, and recommended AMZN before it soared an extraordinary 1,800%.

Now he has a surprising new prediction for 2020.The Philippines is seeking to confirm whether a recently registered death was that of former Wirecard executive Christopher Bauer, one of several people being investigated over a multi-billion dollar fraud at the German payments firm.