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Ex-Wirecard CEO Markus Braun released on $5.6 million bail

From nypost.com

Former Wirecard CEO Markus Braun was released on bail following his arrest in connection with the payments company’s $2.1 billion accounting scandal, reports say. Braun, 50, posted his bail of 5 million euros ($5.6 million) on Tuesday, a day after he turned himself in to German prosecutors who accused him of falsifying income to make Wirecard more attractive to investors, according to multiple news reports. Munich prosecutors lifted an arrest warrant against Braun, who resigned from Wirecard last week, even as they continued to investigate him, Reuters reported. Authorities say he used bogus income from transactions ... (full story)

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