politics

Ethical fintech boss tried to set up arms deals with Wirecard’s Marsalek

Algbra founder sought to help businessman later exposed as a fraudster and spy raise $2.75bn to buy Russian military tech

Ethical fintech boss tried to set up arms deals with Wirecard’s Marsalek

TL;DR

  • Algbra founder attempted to facilitate a $2.75 billion deal.
  • The deal involved purchasing Russian military technology.
  • The businessman involved was later exposed as a fraudster and spy.
  • The fintech founder's actions are seen as ethically questionable.