Former Wirecard CEO Braun Arrested Over Missing Cash Scandal

Marcus Brown, former CEO of Wirecard, was arrested following a scandal involving a missing €1.9 billion. The Munich prosecutors confirmed the arrest, and Danny Berger provided further details, including Brown's potential involvement in sales manipulation. Wirecard's financial troubles have been escalating, with the company unable to release its earnings report due to the missing funds. The situation worsened when it was revealed that the money might never have existed. Wirecard's stock has plummeted, and the company is struggling to secure a loan extension from banks, which demand more clarity. The investigation may expand, with hopes for third-party involvement.

What did the German prosecutors confirm regarding Marcus Brown?

What charges does Marcus Brown face according to the prosecutor?

What impact did the scandal have on Wirecard's share price?

What was the amount of money that Wirecard was unable to find?

What is one of the issues Wirecard is facing regarding their loans?