Wirecard ‘fintech’ CEO arrested after regulators find $2 billion missing

The former CEO of the German payments firm Wirecard was arrested on Tuesday on suspicion of falsifying accounts, after the company disclosed a $2.1 billion financial hole and questioned whether trustees had actually held money on its behalf. Markus Braun turned himself in to prosecutors in Munich on Monday after traveling from Vienna. A judge was due to rule later on whether to keep the 50-year-old Austrian in investigative custody or grant him bail.
In his 18 years in charge, Braun transformed …

Original Source