Wirecard AG

1999-01-01

Wirecard AG founded in Munich as an online payment processor.

2002-01-01

Markus Braun joins as CEO and begins expanding the company.

2006-01-01

Wirecard admitted to the TecDAX index.

2010-01-01

Jan Marsalek appointed Chief Operating Officer. Investigators later allege GRU recruitment occurred around this time.

2018-09-01

Wirecard replaces Commerzbank in the DAX 30 index. Market cap peaks at approximately €24 billion.

2019-01-30

Financial Times publishes investigation alleging document forgery and round-tripping at Wirecard's Singapore office.

2019-02-01

Singapore authorities raid Wirecard's Singapore offices following the FT report.

2019-02-18

BaFin bans short-selling of Wirecard shares for two months and files criminal complaints against FT journalists and short-sellers.

2019-10-01

Wirecard's supervisory board appoints KPMG to conduct an independent special forensic audit.

2020-04-28

KPMG releases its special audit report stating it was unable to verify the existence of the majority of revenues claimed for 2016–2018.

2020-06-18

Wirecard discloses that EY cannot confirm approximately €1.9 billion in cash. Markus Braun and Jan Marsalek dismissed.

2020-06-22

Markus Braun turns himself in to German police and is arrested on suspicion of accounting fraud and market manipulation.

2020-06-25

Wirecard AG files for insolvency — the first DAX-listed company ever to do so. Both Philippine banks confirm they have no relationship with Wirecard.

2020-06-26

UK FCA suspends Wirecard Card Solutions' authorization, freezing Crypto.com, TenX, and other crypto debit cards across UK and Europe.

2020-06-30

FCA lifts suspension on Wirecard Card Solutions; crypto debit cards reactivated.

2020-08-25

Insolvency proceedings formally opened against Wirecard AG assets.

2022-12-08

Criminal trial of Markus Braun and two co-defendants opens at Munich Regional Court.

2023-06-01

Singapore convicts two Wirecard employees: James Wardhana (21 months) and Chai Ai Lim (10 months).

2023-11-01

Israeli private investigator Aviram Azari sentenced to 80 months in US federal court for hacking Wirecard critics.

2024-09-01

Munich Regional Court orders Markus Braun and two other former Wirecard board members to pay €140 million in civil damages plus interest.

2024-12-14

Munich court extends Braun criminal trial through 18 December 2025, adding 83 further trial days.

2025-03-01

London's Central Criminal Court convicts six Bulgarian nationals for espionage directed by Jan Marsalek on behalf of Russian intelligence.

2026-01-06

Singapore court sentences R. Shanmugaratnam (10 years) and James Henry O'Sullivan (6.5 years) for issuing fraudulent escrow confirmation letters worth over €1.1 billion to Wirecard and its auditors.