By continuing to use our site, you agree to our terms of service. We never ask for, nor store any of your personal data when using our website in a regular way. You can learn more about how we use session variables by reviewing our privacy policy, we currently do not use any cookies for user tracking or marketing purposes. (→ our session variables)


Mount Interim
About a Wirecard interim-CEO on a Swiss rose mountain

                                              Copied 

James Freis, a finance advisor who sits on the board of directors at many companies and startups, became Wirecard's interim CEO on June 18, 2020. From 2007 until 2012, he was the Director of the US anti-money launering watchdog Financial Crimes Enforcement Unit (FinCen). He also worked at the Federal Reserve Bank in New York and the Bank for International Settlements in Basel, Switzerland.
James Freis was called into Wirecard's headquarters on June 18, 2020, right after the supervisor board around Thomas Eichelmann forced CEO Dr. Markus Braun to resign. Freis immediately started shuffling financial scenarios and data after getting a quick overview over the company, working long hours.
While various mainstream press reports suggested that Freis was an uncompromised interim CEO, his testimony before the Wirecard court in Munich from April 2023 casted the first doubt on this image. It was James Freis who "after many discussions and talks with investors" decided to file for insolvency on June 25, 2020, only one week after his appointment - not for parts of the company, but for the entire Wirecard enterprise with many international subsidiaries. Even before his appointment, Wirecard's future insolvency administrator visited James Freis during his first days in Aschheim.
A few months into the Wirecard trial in Munich's brandnew Stadelheim prison court room, a motion for evidence was read out in March 2023. A certain company, Monterosa Services AG of Switzerland, is alleged to have been involved in siphoning off at least 340 million euros from Wirecard's bank accounts to overseas tax havens prior to its insolvency.
This Monterosa Services AG is a full subsidiary of a certain Monterosa Group. In October 2021, one and a half year after Wirecard's insolvency, James Freis became a managing director at exactly this Monterosa Group. Another half a year later, James Freis became Regulatory Technology Officer at Zurich, Switzerland based blockchain startup FQX - not FTX.
Almost all press releases regarding James Freis' appointment at Monterosa Group from October 2021 have been deleted from the internet. There are also now deleted announcements which suggest that Monterosa Services AG invested in the successor company to FQX named Obliterate around November 2023.
One month after James Freis' appointment as Managing Director at Monterosa Group, an investment round totalling $41 Millionen USD is lead by the same Monterosa Group for Asian crypto company Zipmex - the then-employer of former Wirecard whistleblower and ex Asia-Pacific senior finance advisor Pav Gill. Almost all press releases concerning this investment round into Zipmex from November 2021 have been deleted as well from the internet.
The motion for evidence from March 2023 in Munich's Wirecard court was rejected multiple times, like almost all other motions brought forward by former Wirecard CEO Dr. Braun's and ex Finance Director von Erffa's legal defences. State authorities and their representatives mostly from Munich in Germany refuse to have Monterosa's offices in Switzerland and elsewhere searched until today.





 
This article was entirely created and written by Martin D., an accredited and independent, investigative journalist from Europe. He holds an MBA from a US University and a Bachelor Degree in Information Systems and had worked early in his career as a consultant in the US and EU. He does not work for, does not consult, does not own shares in or receives funding from any corporation or organisation that would benefit from this article so far.

Support independent investigative journalism. Buy me a green tea or coffee:

Buy me a Coffee






                                            


For tips and confidential information: send us your fully encrypted message at news@sun24.news by using our public PGP encryption key (online tool here).



Recommended:

Harvesting Wirecard

About Swiss roses and Wirecard bears

The PayLondon Group

About bears from London and Wirecard targetings

Mount Acronis

About a Swiss IT sponsor and Wirecard entanglements

Magic Pav

About a Wirecard whistleblower and magic law firms

The Trial

About a Wirecard release of prisoner and Franz Kafka's unfinished works

The Grand Orchestra

About Wirecard's share price and dolphins against sharks

Mount Wirecard

About Swiss Wirecard entanglements and the remains of Crypto AG

Wirecard Court Halftime

About seven months in Munich Stadelheim and the miracle of Bern

Pandora's Box

About Wirecard's IT Architectures

The Third Man

About Wirecard's interim CEO James Freis and nice shoes

Deflective Attorneys

About a five hours Wirecard indictment

Bavariacard

About a Germanic Wirecard Poker

A Munich Fraud

Wirecard and Munich's Public Prosecutor's Office

Royal Courts of Wirecard

About a Wirecard Lawsuit and Quantum Physics

Brilliant Consultants

About Wirecard's financial auditors and the chess game

Back To The Wirecard

About the roots of the insolvent German payment provider

BaFin The Thirteenth

An April 13th day at the Wirecard investigational committee



© 2024 Sun24 News - All rights reserved


Rate this article
    
Thanks !
or leave a comment
Send