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Sources say the U.S. Department of justice is conducting a criminal investigation into wirecard

via:CnBeta     time:2020/7/9 4:04:37     readed:90

According to people familiar with the matter, the U.S. Justice Department is investigating whether the German payment company wirecard played a key role in suspected $100 million bank fraud related to the online cannabis market.According to the report, two people involved have been charged with fraud. They are accused of conspiring with third-party payment processors and others to trick Bank of America into approving credit card payments for marijuana products.

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Prosecutors said the suspects used fake companies to open accounts in offshore commercial banks, thus obtaining high fees from the transaction.

According to people familiar with the matter, US authorities are examining whether wirecard plays a role in fraud by acting as both a payment processor and an offshore commercial bank. Authorities are also investigating the possible role of several former or current senior wirecard executives in the fraud, people familiar with the matter said.

A spokesperson for wirecard declined to comment.

Wirecard, which is deeply involved in the accounting scandal, has previously disclosed that 1.9 billion euro of cash has been lost in its deposit account, causing its share price to plummet continuously, and the CEO who has been at the helm for 18 years has also announced his resignation. In addition, Ernst & young, who has been a wirecard auditor for 10 years, accused the company of losing 1.9 billion euros in cash as a "complex and well planned fraud involving multiple parties in different institutions around the world." In the wake of the scandal, wirecard has filed for bankruptcy protection.

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