Legal hearing with a difference: investor lawyer Wolfgang Schirp and Wirecard victim Roberto Siotto at a rally in Berlin
Image: investor attorney Dr. Wolfgang Schirp and Wirecard victim Roberto Siotto (right) at a rally in Berlin
Wirecard shareholders have been fighting for damages for three years. A 60-year-old plaintiff is now wondering whether he will live to see a verdict.
The damages processes in the Wirecard scandal are dragging on, and the fraud victims’ doubts about the rule of law are growing. One of the plaintiffs is Roberto Siotto. The 60-year-old worked as a Volkswagen manager and has been on early retirement since 2021. Due to the collapse and insolvency of Wirecard in June 2020, he lost a high six-digit euro amount. “For me and many others, no justice is spoken,” says Siotto.
Mark Fehr
Editor in Business.
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He bought his Wirecard shares after the payment service company, which had been hyped up as a German PayPal competitor, was included in the Dax in September 2018. The stock market index was and is a sign of quality for Siotto. He also relied on the auditors’ balance sheet certificates. The EY audit continues to assess the claims for damages as unfounded and has therefore not made any provisions for legal risks from the Wirecard case in its most recently published annual financial statements for the 2021/22 financial year.