Online gambling is becoming a billion-dollar risk for PayPal & Co.

Frankfurt Local payment service providers are threatened with drastic consequences from a new ruling on online gambling. As has now become known, the Ulm Regional Court decided in December that PayPal must compensate a gambler. In 2017, the plaintiff transferred more than 9,600 euros to an internet casino via PayPal and gambled them away there. […]

Wirecard-News: Filing for bankruptcy at five subsidiaries

Wirecard The payment service provider faces a loss of customers after the balance sheet scandal. (Photo: Reuters) Düsseldorf The insolvent payment service provider Wirecard has also filed for bankruptcy for five subsidiaries. The Munich District Court announced on Thursday. The insolvency administration takes over as for the parent company Michael Jaffé. The subsidiaries are Wirecard […]

Wirecard-News: Filing for bankruptcy at five subsidiaries

Wirecard The payment service provider faces a loss of customers after the balance sheet scandal. (Photo: Reuters) Düsseldorf The insolvent payment service provider Wirecard has also filed for bankruptcy for five subsidiaries. The Munich District Court announced on Thursday. The insolvency administration takes over as for the parent company Michael Jaffé. The subsidiaries are Wirecard […]

Investigators are targeting another ad hoc release

Searches at Wirecard Twelve prosecutors were in Aschheim on Wednesday. (Photo: dpa) Munich Once again, camera teams and photographers gathered on Wednesday in front of Wirecard’s headquarters in Dornach, Aschheim. Unlike last week, however, when they were only able to film shocked employees of the insolvent payment service provider at the Einsteinring office park, the […]

Wirecard: Public prosecutor searches five objects

Wirecard headquarters In addition to the company’s headquarters in Aschheim, the public prosecutor’s office searches two properties in Munich and Austria. (Photo: Reuters) Düsseldorf The public prosecutor came to the insolvent payment service provider Wirecard on Wednesday. Since morning she has been searching a total of five objects: three in Munich, including the company headquarters […]

How Bafin boss Felix Hufeld justifies himself

Berlin, Frankfurt Felix Hufeld was more important for the finance politicians this Wednesday afternoon than the Chancellor. The hearing of the Bafin chief in the finance committee should actually end by 1 p.m. at the latest, since then Angela Merkel (CDU) commented on the German EU Council Presidency in plenary. However, from the point of […]

Wirecard is expected to be sold in individual parts

Wirecard So far, apart from the parent company from Aschheim near Munich, hardly any subsidiaries have gone bankrupt. (Photo: Reuters) Frankfurt At least for parts of the insolvent payment processor Wirecard there are interested parties. “A large number of investors from all over the world have already registered who are interested in acquiring the core […]

Wirecard is expected to be sold in individual parts

Wirecard So far, apart from the parent company from Aschheim near Munich, hardly any subsidiaries have gone bankrupt. (Photo: Reuters) Frankfurt At least for parts of the insolvent payment processor Wirecard there are interested parties. “A large number of investors from all over the world have already registered who are interested in acquiring the core […]

The German “balance police” is about to end

Düsseldorf On July 3, 2015, the then Federal Minister of Justice Heiko Maas (SPD) put warm words into a speech. He spoke on the tenth anniversary of the German Audit Office (DPR), which is often referred to as the German “accounting police”. It is your job to take a close look at the company’s annual […]

Wirecard: Fateful days for Wirecard

The new CEO James Freis and Supervisory Board Chairman Thomas Eichelmann had been negotiating with the approximately 15 creditor banks since the penultimate Friday. Under the leadership of Commerzbank, Landesbank Baden-Württemberg and the two major Dutch banks ABN Amro and ING, they granted Wirecard a credit line of EUR 1.75 billion about two years ago. […]