Wirecard Class Action Raises Regulator Immunity Questions

By Anna Battams and Isobel McNaught (August 27, 2020, 4:11 PM EDT) -- The German Federal Financial Supervisory Authority, or BaFin, is being sued for abuse of authority following one of the biggest fraud scandals of the decade, with German payment processor Wirecard AG filing for insolvency owing €3.5 billion (approximately $4.14 billion) and its chief executive arrested on suspicion of accounting fraud and market manipulation....

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