1/ Another interesting witness N., former Head of Compliance...
Martino@SkyMartiner
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Jul 13, 2024
~2 min read
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1/ Another interesting witness N., former Head of Compliance Department, was questioned yesterday at #Wirecard prison court Stadelheim.
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2/ Witness N, who presented himself in front of the court and audience as a competent former manager with a wealth of knowledge and #Wirecard experiences, provided a lot of insights into the business procedures of the former German payment giant.
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3/ #Wirecard Witness was asked to begin with explaining the various software tools and business procedures when engaging in compliance issue with former higher management.
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4/ Aside from various CRM and specific tools, #Wirecard witness N. explained that it was very probable that some of the tools were connected to automatic software tools for the surveillance of press articles against - or in favour of - Wirecard.
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5/ For sales over 2500 Euros, certain high-risk transactions flagged in some of #Wirecard's software tools needed to be manually verified by compliance department, witness N. explained yesterday at court hearing in Munich.
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6/ #Wirecard witness N. could remember various internal transaction codes, for example 5067 for porn-related wire transfers. He could identify with the presented issues and provided a lot of trustworthy knowledge to the court.
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7/ Yesterday's #Wirecard witness N. was mostly interacting with the Wirecard Bank, issues were discussed with supervising managers there. He detailed long-time internal frictions with Wirecard's sales department at large.
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8/ According to #Wirecard witness N. at yesterday's court hearing, some transaction records were deleted from various internal software systems before the company's insolvency at the end of June 2020.
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9/ Witness N. was remembering well he found it strange that at a certain time a #Wirecard partner named 'Bookie' was reactivated after it was abandoned and flagged as high-risk. Previously fired employees were re-employed.
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10/ Witness N. elaborated on a variety of #Wirecard (3rd) partner firms, projects, organisations like CiCash, Aslam, PayEasy, Senyo, SumUp, Consett, IMS Capital (Vucak !), WavePay, Click2Pay, CryptoPay, OneStopMoneyManager, oCap, and more. He mentioned Augsburg family Kring, who apparently had a free pass to do anything at Wirecard Bank.
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11/ #Wirecard witness N. finished with elaborations on personality structure of management board members, confirming he saw multiple times the entire office of finance chef in total chaos, paper everywhere, desktop a total mess. Sexual violations were filed at one time in company.
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Legal and/or finance management board.
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12/ There was a funny moment in the court room when the presiding judge asked #Wirecard witness N. if he could remember the timeframe of a certain high-risk partner being reinstated after previously having been ditched. Witness stated he "would need to speculate", where as judge answered:
"There is no need to speculate here."
"There is no need to speculate here."