WRCDF News and Press, Wirecard AG From 06/25/20

So Wirecard has declared itself insolvent. This is not, perhaps, the greatest surprise of all time, Wirecard ( WRCDF) has declared itself to be insolvent. The company's announcement : The management board of Wirecard AG has decided today to file an application for the opening of insolve...

NEW YORK , June 24, 2020 /PRNewswire/ -- Wolf Popper LLP is investigating potential securities fraud claims on behalf of purchasers of Wirecard AG (OTC: WCAGY and WRCDF) American Depositary Receipts and F-shares between August 18, 2015 and June 17, 2020 . Before trading in the U.S ma...

Companies get away with fraud until the economy goes down, and when that tide recedes, you see who has no clothes on, Ed Harrison told Real Vision during today’s Daily Briefing. Harrison made the remark during a conversation about disgraced German financial services provider Wi...

Note: The main focus of this article is discussing the impact of recent events on the company's stakeholders. Investors looking for more color should consider reading fellow contributor Stefan Redlich's coverage of Wirecard. Last Thursday, controversial German digital payments provi...

Wirecard ( OTCPK:WCAGY ), a prominent German fintech, has been in the news since it acknowledged alleged fraud which led to an extreme drop in share price. This alleged fraud included faking everything from revenues, to net profits, to cash flow, to cash levels. Incredibly, WDI stock p...

Moody's Investor Service cuts Wirecard 's ( OTCPK:WCAGY ) ( OTCPK:WRCDF ) €500M senior unsecured rating to B3 from Baa3, below investment-grade level and reflecting the company's accounting irregularities. More news on: Wirecard AG, Wirecard AG, Financial stocks news, Tech stocks n...

Two Philippine banks that were said to be holding $2.1B for Wirecard ( OTCPK:WRCDF ) ( OTCPK:WCAGY ) say they don't have the money and that documents claiming the existence of accounts at the banks were falsified. More news on: Wirecard AG, Wirecard AG, Financial stocks news, Tech s...

A day after Wirecard ( OTCPK:WCAGY , OTCPK:WRCDF )  delayed its 2019 annual report due to a missing $2.1B in cash, the company announces that CEO  Markus Braun has resigned, effective immediately. More news on: Wirecard AG, Wirecard AG, Tech stocks news Read more ...

June 18, 2020, will be sadly remembered for the second-worst single-day stock collapse in the German stock market with the stock of DAX member Wirecard ( WRCDF ) ( WCAGY ) collapsing over 70% intra-day and closing down more than -60%. Source: onvista.de This seismic event has sent shockw...

The Wirecard ( OTCPK:WRCDF ) problem Essentially, the problem has always been massive growth in slightly odd parts of the world without entire and total confidence in the numbers being presented. If things are as reported then it's a stunningly successful entrant into this new digital econom...