https://techcrunch.com/2020/06/23/after-its-billion-euro-implosion-wirecards-former-ceo-is-arrested-for-fraud/ > German police have arrested Markus Braun, the former chief executive of the Munich-based fintech company Wirecard, for fraud, prosecutors in Munich said on Tuesday. > Braun turned himself into German authorities on the same day Wirecard admitted that $2.1 billion the company had reported on its balance sheet did not exist.