Two Arrested for Orchestrating Escape of Wirecard Exec Accused of Fraud

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

AccessTimeIconJan 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 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.


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