Mr. Freis was due to join the German payments company’s management board on July 1, but he was called in early, on June 18, when Wirecard said it couldn’t verify $2 billion in assets. With Wirecard’s auditors refusing to sign off on the company’s financials, Mr. Freis was asked to assess the situation.
He reached a conclusion that he says others should have made much earlier: The highflying fintech company was ensnared in a massive fraud. “So many people could have and should have stepped up and said something,” Mr. Freis said in a recent interview with The Wall Street Journal—one of the few he has given since relinquishing his last remaining responsibilities with the company in December
Source: Wirecard Red Flags Should Have Prompted Earlier Response, Former Executive Says – WSJ
