Wirecard: How Germany's fraudulent fintech star was exposed

Read on Deutsche Welle 

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Fabio De Masi, a former lawmaker for Germany's socialist Left Party who sat on a parliamentary inquiry into the Wirecard affair, said "Mr. Braun was not a victim but The Godfather of the criminal operation."

De Masi recalled parliament's 675-page report on Wirecard, published last year, that established that Braun was involved in signing off on funds to third-party firms despite warnings that he was giving away "the last liquidity of Wirecard."

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De Masi told DW that the official reaction to the negative media reports was "scandalous," as the public prosecutor initiated a short-selling ban on Wirecard shares "based on a wild conspiracy theory that Bloomberg conspired to blackmail Wirecard."  The embarrassment forced the resignation of BaFin's chief and the head of Germany's accounting watchdog and even spawned a Netflix documentary, recounted by McCrum

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