WIRECARD: Criminal Trail Against Markus Braun Continues

In the Wir­e­card trial, former man­ager Oliver B. test­i­fied against Markus Braun.

Oliver B., the former – also in­dicted – Dubai state rep­res­ent­at­ive of the in­solv­ent pay­ment ser­vice pro­vider, heav­ily in­crim­in­ated former CEO Markus Braun, ac­cus­ing him of “gang lead­er­ship”. B. test­i­fied be­fore the Mu­nich Re­gional Court that the so-​called TPA busi­ness, which ac­coun­ted for a large part Wirecard’s re­por­ted profits, had been largely fic­ti­tious: “The data was not au­then­tic at any time.”

In this con­text, Markus Braun and the former COO Jan Mar­s­alek, who re­mains a fu­git­ive to this day, had been the decision-​makers. Oliver B. also heav­ily in­crim­in­ated the co-​defendant Stephan von E., the former chief accountant.

Ac­cord­ing to Oliver B., the fraud at the former Dax com­pany ex­ten­ded back to well be­fore 2017: “The point of no re­turn was already far be­hind us in 2017. Wir­e­card was a can­cer that ran rampant un­detec­ted for a long time.”

Markus Braun, on the other hand, vehe­mently denies the al­leg­a­tions. His de­fense at­tor­ney de­scribed B. as the “main per­pet­rator of a gang” and por­trayed his state­ments to the pro­sec­u­tion as im­plaus­ible. Ac­cord­ing to Braun’s de­fense, the prosecution’s key wit­ness wanted to ex­on­er­ate him­self and shift the blame onto the ex-CEO.

We will con­tinue to closely fol­low the crim­inal pro­ceed­ings against the former Wir­e­card man­agers in the new year and provide in­form­a­tion on the latest findings.

For more in­form­a­tion on the Wir­ecaard scan­dal and on pos­sible courses of ac­tion for ag­grieved in­vestors, please click here.