"Unique business thriller": Wirecard scandal soon as a feature film?

Allegation of billions in falsification and a fleeting ex-board: The Wirecard scandal is the ideal material for a commercial crime on the big screen. According to a recent media report, at least that's what Ufa film producers think.

The scandal surrounding the bankruptcy of the payment service provider Wirecard is to be made into a film. "The Wirecard case not only provides the template for a unique business thriller, it is also a drama among kings, between cunning crime and belief in technology," said the head of the film company Ufa, Nico Hofmann, the "Frankfurter Allgemeine Sonntagszeitung".

"There is hardly a facet of our economic coexistence that would not be affected," continued Hofmann – "serious mistakes in supervision, political blue eyes to make Germany a technology location shine, cheated investors and fantasies of power that like the international stock market see a civil war ". The producer announced that he would address the case in a "90-minute documentary review".

Wirecard had admitted that the annual balance sheet lacked 1.9 billion euros and that the money at two Filipino banks probably does not exist. The share price of the Dax group crashed, the company filed for bankruptcy. In this case, the public prosecutor's office in Munich I.

SPD federal finance minister Scholz has announced a reform of German financial supervision as a consequence of the accounting scandal. The pressure on him recently increased because, according to his ministry, he was informed on February 19, 2019 that the financial regulator Bafin was investigating Wirecard for market manipulation.

Marsalek as a mysterious main character?

In the billion dollar balance sheet scandal, the Munich public prosecutor's office is investigating several managers for suspected fraud and market manipulation. Among them against Markus Braun, the former boss of Wirecard and the ex-boss of the Wirecard subsidiary Cardsystems Middle East who is in custody.

The ex-board member of the Munich financial service provider and key figure in the financial scandal, Jan Marsalek, is still on the run. He has had his lawyer explain that he does not want to face the judiciary.

At first it was suspected that he should be in the Philippines. But this trail did not go far. According to a recent report by "Der Spiegel", it could be in Belarus. Previously, according to the "Handelsblatt" report, chat protocols had appeared in which Marsalek allegedly stated that he had contacts with the CIA, the Mossad and with an alleged million dollar fortune.

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