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Wirecard CEO Resigns After Banks Say Missing $2 Billion Doesn’t Exist

Wirecard CEO Resigns After Banks Say Missing $2 Billion Doesn’t Exist

The chief government of Wirecard AG resigned after two banks within the Philippines meant to be holding over $2 billion on behalf of the fintech big mentioned they don’t have the money and by no means did.

Chief Govt Markus Braun, lengthy the face of the corporate and its largest shareholder, resigned with rapid impact, the corporate mentioned Friday. James H. Freis, who was appointed as a member of Wirecard’s administration board late Thursday, will function interim chief government.

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