Investor Alert: Kaplan Fox Investigates Fraud At Wirecard AG

NEW YORK, June 19, 2020 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Wirecard AG ("Wirecard" or the "Company") (OTC: WCAGY).

On June 18, 2020, Wirecard announced the postponement of its 2019 annual statements.  Reportedly, Auditor EY was unable to confirm the existence of 1.9 billion euros ($2.1 billion) in cash that has gone missing and Chief Executive Markus Braun issued a statement that "it cannot be ruled out" that Wirecard is the victim of "fraud of considerable proportions."  

Following this news, Wirecard's shares declined by $32.80 per share, over 64%, to close at $18.20 per share.

On June 19, 2020, as the search for the missing billions continued, the Company announced the resignation of Chief Executive Braun and Wirecard's shares continued to decline in midday trading.

If you purchased Wirecard shares and would like to discuss our investigation, please contact us by emailing [email protected] or by calling (646) 315-9003. 

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.  If you have any questions about this investigation, your rights, or your interests, please contact:

Frederic S. Fox
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(646) 315-9003
E-mail: [email protected]

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax:  (415) 772-4707
E-mail: [email protected]

SOURCE Kaplan Fox & Kilsheimer LLP

Related Links

http://www.kaplanfox.com

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