Germany triggers international manhunt for missing Wirecard executive
Wirecard AG’s former chief operating officer
is on the run from German police, who are now asking for help tracking him down.
Jan Marsalek
appears on a wanted poster released this week by Germany’s federal police agency, the Bundeskriminalamt or BKA.
Marsalek and other Wirecard executives
are accused of booking phony revenues of at least $2 billion. German prosecutors allege that the payment-processing company used the fake revenue to borrow at least $3 billion.
Most of the company’s cash has disappeared, investigators said.
The FCPA Blog