One of the things people have been muttering about concerning Wirecard is that the real, underlying, business was processing dodgy payments. Porn, gambling sites, things which weren’t necessarily legal in the markets they were paid for in. And further, payment streams that the more conventional payment processors weren’t happy dealing with.
Senior Wirecard employees were linked to an opaque network of British companies associated with alleged money laundering.
Staff from the scandal-hit German payment processor were shareholders in a company creation operation in the northeast of England that was shut down after a government investigation.
Hundreds of little companies all set up in Consett. Well, OK. But then Wirecard execs as directors and or shareholders i them…..