It was June 2020 when James Freis Jr. was promoted to CEO of Wirecard. Freis had been set to begin a role on the company’s management board that included oversight of compliance on July 1, but it was evident the company was in trouble and sought a safe, reliable pair of hands to try and save the business. Freis was aware of media allegations related to the accounts at Wirecard, so once he got called in early, he quickly studied said accounts.
