Accounting fraud

File---Picture taken June 24, 2020 shows the Wirecard logo at the headquarters of the payment service provider in Aschheim, Germany. (Sven Hoppe/picture-alliance/dpa via AP, file)
July 01, 2020 - 5:04 am
BERLIN (AP) — Investigators searched the headquarters of German payment systems provider Wirecard and four other locations Wednesday as part of their probe of an accounting scandal that led to the arrest of the company's longtime CEO and forced the firm to file for bankruptcy protection. Twelve...
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FILE - In this Thursday, April 25, 2019 file photo, Markus Braun, CEO of financial services company wirecard, attends the earnings press conference in Munich, Germany. Prosecutors in Germany say that the former CEO of the payments company Wirecard has been arrested in an accounting scandal that centers on a missing sum of 1.9 billion euros, or 2.1 billion dollars. Markus Braun resigned on Friday after the company disclosed that auditors couldn't find accounts containing the money.(AP Photo/Matthias Schrader, file)
June 25, 2020 - 8:40 am
FRANKFURT, Germany (AP) — An accounting scandal at one of Germany’s fastest-growing blue-chip companies has raised doubts about the national financial watchdog and, coming on top of other high-profile cases of fraud, led to questions about the country’s ability to oversee its corporate titans. Some...
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June 24, 2020 - 5:31 pm
ATLANTA (AP) — A reality television star who appeared on the show “Love & Hip Hop: Atlanta” was indicted Wednesday for allegedly using coronavirus relief funds intended to help small businesses survive to pay for luxuries such as a Rolls-Royce and custom jewelry, federal officials said. In a...
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FILE - In this Thursday, April 25, 2019 file photo, Markus Braun, CEO of financial services company wirecard, attends the earnings press conference in Munich, Germany. Prosecutors in Germany say that the former CEO of the payments company Wirecard has been arrested in an accounting scandal that centers on a missing sum of 1.9 billion euros, or 2.1 billion dollars. Markus Braun resigned on Friday after the company disclosed that auditors couldn't find accounts containing the money.(AP Photo/Matthias Schrader, file)
June 24, 2020 - 4:34 pm
FRANKFURT, Germany (AP) — An accounting scandal at one of Germany’s fastest-growing blue-chip companies has raised doubts about the national financial watchdog and, coming on top of other high-profile cases of fraud, led to questions about the country’s ability to oversee its corporate titans. Some...
Read More
FILE - In this Thursday, April 25, 2019 file photo, Markus Braun, CEO of financial services company wirecard, attends the earnings press conference in Munich, Germany. Prosecutors in Germany say that the former CEO of the payments company Wirecard has been arrested in an accounting scandal that centers on a missing sum of 1.9 billion euros, or 2.1 billion dollars. Markus Braun resigned on Friday after the company disclosed that auditors couldn't find accounts containing the money. (AP Photo/Matthias Schrader, file)
June 23, 2020 - 11:09 am
BERLIN (AP) — The former CEO of German financial technology company Wirecard has been arrested on suspicion of misrepresenting the firm's finances in an accounting scandal that centers on a missing 1.9 billion euros ($2.1 billion), prosecutors in Munich said Tuesday. Markus Braun resigned on Friday...
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FILE - In this Wednesday, Feb. 26, 2020 file photo, Manchester City's Gabriel Jesus, right, celebrates after scoring his side's opening goal during the Champions League, round of 16, first leg soccer match between Real Madrid and Manchester City at the Santiago Bernabeu stadium in Madrid, Spain. Manchester City’s appeal against a two-year ban from European soccer will be heard over three days in June. The Court of Arbitration for Sport says it has set aside June 8-10 for the case. It is unclear if a hearing will be held in person at the court or by video link. No timetable was set for a verdict but a ruling is needed before English teams enter next season’s Champions League draw. Man City was banned by UEFA in February for “serious breaches” of financial monitoring rules and failing to cooperate with investigators. (AP Photo/Manu Fernandez, File)
May 19, 2020 - 11:37 am
GENEVA (AP) — Manchester City’s appeal against a two-year ban from European soccer will be heard over three days in June, the Court of Arbitration for Sport said Tuesday. CAS set aside June 8-10 for the case. It is unclear if a hearing will be held by video link or in person at the court in...
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FILE - In this April 30, 2018, file photo, financier Michael Milken leads a discussion at the Milken Institute Global Conference in Beverly Hills, Calif. (AP Photo/Jae C. Hong, File )
February 18, 2020 - 6:18 pm
Some were big names who grabbed national headlines while others were lesser known but also faced serious charges and prison. A look at who was granted clemency Tuesday by President Donald Trump and an overview of their criminal cases: PARDONS Edward DeBartolo, Jr. was the owner of the San Francisco...
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Manchester City's head coach Pep Guardiola gestures during the English League Cup semifinal second leg soccer match between Manchester City and Manchester United at Etihad stadium in Manchester, England, Wednesday, Jan. 29, 2020. (AP Photo/Dave Thompson)
February 14, 2020 - 8:44 pm
LONDON (AP) — English Premier League champion Manchester City was banned from the Champions League for two seasons by UEFA on Friday for “serious breaches” of spending rules and failing to cooperate with investigators in a seismic ruling against one of world football's wealthiest clubs. The Abu...
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FILE - In this Jan. 30, 2006, file photo, former Worldcom CEO Bernard Ebbers exits Manhattan federal court in New York. Ebbers died Sunday, Feb. 2, 2020, according to a family statement cited by WAPT-TV in Mississippi. (AP Photo/ Louis Lanzano, File)
February 03, 2020 - 6:48 am
The former chief of WorldCom, convicted in one of the largest corporate accounting scandals in U.S. history, died just over a month after his early release from prison. Bernard Ebbers was 78. The Canadian-born former telecommunications executive died Sunday in Brookhaven, Mississippi, surrounded by...
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FILE - In this Jan. 30, 2006, file photo, former Worldcom CEO Bernard Ebbers exits Manhattan federal court in New York. Ebbers died Sunday, Feb. 2, 2020, according to a family statement cited by WAPT-TV in Mississippi. (AP Photo/ Louis Lanzano, File)
February 03, 2020 - 6:43 am
NEW YORK (AP) — The former chief of WorldCom, convicted in one of the largest corporate accounting scandals in U.S. history, died just over a month after his early release from prison. Bernard Ebbers was 78. The Canadian-born former telecommunications executive died Sunday in Brookhaven Mississippi...
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