On June 18, a Thursday, the board members of the Wirecard Group stand an inch from the abyss, and they know that there will be no turning back, not for the company, not for them. The three men and a woman have once again met at the company headquarters in Aschheim on the outskirts of Munich. It is the last time that they will come together in this constellation, and it is the last time that Jan Marsalek appears at all.
He only briefly joined the group that had gathered on the fourth floor to discuss how Wirecard should go public. Marsalek used the last 48 hours to prepare his escape, while the other board members tried to save what can no longer be saved.
Two days earlier, the auditors from EY (formerly Ernst & Young), who otherwise waved through the figures year after year despite all concerns, had sounded the alarm: 1.9 billion euros, which are said to be in trust accounts of Philippine banks, disappeared, just like that as if the printer paper ran out. Corresponding bank statements are forged. This time EY can’t approve the balance sheet, Wirecard is done.
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