Wirecard’s long time chief operating officer is said to be on the run according to former colleagues who said he stopped responding to messages when the company ran into trouble; the company said they have not spoke with Jan Marsalek since they suspended his employment on June 18th; Munich prosecutors said they are probing the former managers to determine whether they faked income to fool investors about the company’s health; immigration records in the Philippines were faked and Marsalek apparently never entered the country when records indicated he did; the company has come completely undone in the last few weeks after being considered one of the most successful fintech companies in Europe. Wall Street Journal.
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.