Wirecard Files for Insolvency After €1.9 Billion Goes Missing, Exposing Decade of EY Audit Failure and German Regulatory Capture

German payments processor Wirecard files for insolvency after admitting €1.9 billion in cash—roughly 25% of its assets—probably never existed, marking the largest accounting fraud in German post-war history. The collapse exposes catastrophic failures by auditor Ernst & Young (EY), which signed …