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Wirecard’s Former CEO Markus Braun Is Arrested


Prosecutors say he was arrested on suspicion of presenting false information; Arrest is a black eye for BaFin, Germany’s national financial regulator

Wirecard AG’s recently departed chief executive, Markus Braun, was arrested by police, days after the German payments company revealed a $2 billion hole in its books. It was a swift turn of events, but followed years of German regulators ignoring red flags about the once-promising company.
 

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