Key witness tells court Wirecard boss ran 'system of organized fraud'
The key prosecution witness in the Wirecard trial has accused the company's former chief executive of being the decisive figure in years of billion-dollar fraud. "Wirecard was a cancer," co-accused manager Oliver Bellenhaus told the Munich Regional Court on Monday. "There was a system of organized fraud." Chief executive Markus Braun had been an "absolutist CEO," Bellenhaus told the court, and "if he said something, it was done." The prosecution accuses the three defendants and others of forming a criminal fraud conspiracy and using fictitious profits to cheat people who lent to the company, w......
Dec 19, 2022