Looks like BaFin was not merely incompetent but actively malfeasant. People were apparently wrongly convicted due to their good-faith efforts to expose the frau

Looks like BaFin was not merely incompetent but actively malfeasant. People were apparently wrongly convicted due to their good-faith efforts to expose the fraud. BaFin’s role includes ensuring that listed companies abide by securities law, for instance by communicating truthfully with their shareholders. But BaFin didn’t look into the lawsuit’s allegations against Wirecard because there was no evidence the company had provided misleading information, the spokeswoman said. Instead, BaFin opened a probe into the accusers. Wirecard had filed a complaint with the agency and the Munich prosecutor after the suit caused its stock to slump. Two former officials of the small shareholders’ association were charged, convicted of market manipulation and handed suspended prison sentences. Are these folks going to have their names cleared now?