Wirecard CEO Re-Arrested After Being Freed On Bail

Shortly after Wirecard’s former COO reportedly surfaced in Russia, where he has fled to avoid prosecution over the bankruptcy of Wirecard after the company reportedly collapsed following the exposure of a massive $2 billion accounting fraud, prosecutors in Munich have issued new arrest warrants for three former Wirecard executives – including former CEO Markus Braun – over findings that Braun and the others knew about the fraudulent activity as far back as 2015.

Braun, who was arrested for the first time in relation to the scandal late last month, has been free on a massive $6 million bail.

The warrants are for crimes ranging from fraud to market manipulation.

…Developing