Ex-Wirecard boss and two former executives on trial for fraud in Germany

Ex-Wirecard boss and two former executives on trial for fraud in Germany

The former chief executive of financial services company Wirecard and two other ex-managers went on trial Thursday over the firm’s collapse, in what has been described as the biggest case of fraud in post-war Germany.

Wirecard was long the darling of Germany’s fintech scene until it filed insolvency proceedings in 2020, saying 1.9 billion euros that had been on its balance sheet could not be found.