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Showing posts with the label Wirecard

Finance

Just more of some of the usual crimes Via Michael Roberts “The finance sector is really just a criminal conspiracy to steal from the public. So much for regulation rather than public ownership and control. Take the Wirecard scanda l. Wirecard, which started out processing payments for adult entertainment and gambling websites, filed for insolvency on June 25 after the discovery of a 1.9 billion euro hole in its accounts. German prosecutors have since opened investigations into suspected money laundering, fraud and market manipulatio n at the company. Markus Braun, the company’s former chief executive, was arrested. The company's accountants failed to carry out basic obvious auditing of the accounts and the German government ignored whistleblowers about the company and instead tried to prosecute them! Then there is the Apple tax dodge . With the connivance of the Irish government, Apple booked huge amounts of its global profits in Ireland where tax rates were deliberatel