WebInc CEO
Testimony of WebInc CEO Monika Brandes
April 17, 2024
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Today, Monika Brandes, managing director of WebInc. was heard in the Wirecard courtroom.
The hearing of witness Brandes ended today rather unusually after only a few hours around noon.
It should be emphasized that some of the IT details of payment transactions that have been largely ignored by the mass media were finally discussed.
Wirecard
It should be emphasized that some of the IT details of payment transactions that have been largely ignored by the mass media were finally discussed.
Wirecard
Many of the merchants Wirecard dealt with were discussed. Witness Brandes from Webinc GmbH After a quick rummage through her documents, she shared "in 2015, 5.2 million, in 2017, 11 million".
Wirecard
Wirecard
Dr. Braun's defense brings up a longer Wirecard merchant list, which was processed as a 'white label solution' via one-stop money managers, with a total turnover of 2.6 billion euros (!) in 2018.
For them, this was "utopian turnover, too high".
For them, this was "utopian turnover, too high".
She was asked whether she knew how One-Stop Money Manager was linked to merchants and processed transactions.
"No, I don't know," replied Wirecard witness Monika Brandes.
"No, I don't know," replied Wirecard witness Monika Brandes.
She was confronted with a merchant called 'Scarto Services', who, according to Dr. Braun's defense achieved a turnover of around 100 million euros in 2018.
"That seems far too high to me," replied the Wirecard witness.
Did she have access to all One-Stop Money Manager volumes, the OSM system only shows a subset?
"No, I didn't," replied the witness.
"That seems far too high to me," replied the Wirecard witness.
Did she have access to all One-Stop Money Manager volumes, the OSM system only shows a subset?
"No, I didn't," replied the witness.
She was asked whether there was any communication between individual traders and the Wirecard bank. "No, never any communication".
When asked whether the bank had to check individual customers before paying out: "Yes, of course, the bank checked merchants".
When asked whether the bank had to check individual customers before paying out: "Yes, of course, the bank checked merchants".
Oliver Bellenhaus asked a few questions and was warned by the judge not to ask leading questions.
He asked the witness whether she was familiar with test XML requests in order to deduce that these API requests for test purposes were no different from real ones.
Wirecard
He asked the witness whether she was familiar with test XML requests in order to deduce that these API requests for test purposes were no different from real ones.
Wirecard
Witness Brandes is asked at the end how long typical payout periods (cut-offs) were. She answers: "normally 14 days".
Commission was usually paid once a month.
wirecard
Commission was usually paid once a month.
wirecard
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