Wirecard’s long time chief operating officer is said to be on the run according to former colleagues who said he stopped responding to messages when the company ran into trouble; the company said they have not spoke with Jan Marsalek since they suspended his employment on June 18th; Munich prosecutors said they are probing the former managers to determine whether they faked income to fool investors about the company’s health; immigration records in the Philippines were faked and Marsalek apparently never entered the country when records indicated he did; the company has come completely undone in the last few weeks after being considered one of the most successful fintech companies in Europe. Wall Street Journal.
