Two Arrested for Orchestrating Escape of Wirecard Exec Accused of Fraud

The collapsed financial firm had previously supplied cards to several cryptocurrency companies.

Jan 25, 2021 at 12:46 p.m. UTC
Updated Sep 14, 2021 at 11:00 a.m. UTC

Two Austrian men accused of helping Wirecard's former chief operating officer escape to Belarus have been arrested by police in Vienna.

  • According to a report from the Financial Times on Monday, a former senior official of the Austrian secret service and a former right-wing politician were both apprehended in connection with Jan Marsalek’s escape. 
  • Marsalek, an Austrian citizen, is on Interpol’s most-wanted list for allegedly masterminding the corporate fraud that ended with Wirecard's collapse and an estimated €1.9 billion (US$2.3 billion) missing.
  • Police documents seen by the FT confirm Marsalek escaped to Belarus from Austria last summer using a private jet he paid for with cash.
  • Wirecard's troubles caused issues at the time for cryptocurrency firms Crypto.com and TenX, to which it had supplied payment cards.
  • Among the accusations of embezzlement, Marsalek is alleged to have sent large amounts of bitcoin to Russia from Dubai, where Wirecard had operated "dubious" services, according to previous reports.
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
First Mover Asia: USDC Hasn’t ‘Flippened’ USDT, but Trader Preferences Are Changing; Cryptos Rise Despite Bearishness

A Glassnode analyst suggests the collapse of the UST token has triggered a change in investors' stablecoin preferences; bitcoin holds above $30,000.

A Glassnode analyst suggests the collapse of the UST token has triggered a change in investors' stablecoin preferences; bitcoin holds above $30,000.

2
Musk Sets New Condition for Twitter, Citi Says Terra’s Fallout Unlikely to Hit Wider Financial System

The most valuable crypto stories for Tuesday, May 17, 2022.

The most valuable crypto stories for Tuesday, May 17, 2022.

3
Market Wrap: Cryptos and Stocks Mixed Amid Bearish Sentiment

BTC is stabilizing around $30K while stock market volatility begins to fade.

BTC is stabilizing around $30K while stock market volatility begins to fade.

4
New Data Shows Underground Bitcoin Mining Thriving in China

The U.S. has also expanded its lead in the global hashrate competition.

The U.S. has also expanded its lead in the global hashrate competition.