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Wirecard Scandal: Liquidator Reveals Billion-Euro Loss

Five years after its collapse, the Wirecard scandal continues to reverberate: Insolvency administrator Dr. Michael Jaffe revealed in the trial against former CEO Markus Braun that an incredible €1.1 billion was “burned” at the payment processor. While Braun claims in court that a shadow network existed, the main suspect, Jan Marsalek, remains at large, presumably in Russia.

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In the Wirecard process, the Munich Regional Court began to question the insolvency administrator. The first day went as expected. This is bad news for ex-Wirecard CEO Braun. By A. Meyer-Fünffinger and J. Schulenburg.

·Hamburg, Germany
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Lean Left

Did Wirecard ever make money – or just invented it? According to the insolvency administrator, it becomes close to the former boss Markus Braun in the Munich trial.

·Germany
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Lean Right

Markus Braun has been in custody for almost five years. In court, Wirecard's ex-CEO follows the statements of the insolvency administrator with a petrified face. This is certain: the allegedly misrepresented 1.9 billion euros never existed.

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Lean Left

Insolvency administrator Michael Jaffé broke the line of defense of former CEO Braun in front of the Munich Regional Court. According to Jaffé, the 1.9 billion were simply never available

·Vienna, Austria
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What Michael Jaffé reports about the wreckage of the company is impressive – and extremely unpleasant for ex-group boss Markus Braun.

·Munich, Germany
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It could not be much worse in the Wirecard process for former Chief Executive Officer Braun: the insolvency administrator takes apart the defense line of the Austrian manager.

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onetz.de broke the news in on Tuesday, July 8, 2025.
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