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Wirecard's former CEO Markus Braun arrested in Germany
video Markus Braun, the Austrian tech entrepreneur who built Wirecard into one of Germany's biggest companies, has been arrested after a $2.1 billion hole exploded in its accounts. Munich prosecutors confirmed Tuesday that Braun, Wirecard's former CEO, was arrested on suspicion of having inflated the digital payment company's balance sheet and sales through fake transactions in order to make it more attractive to investors and customers. Prosecutors said that Braun may have acted in cooperation with other perpetrators. Wirecard (WCAGY) acknowledged on Monday that €1.9 billion ($2.1 billion) in cash included in ... (full story)