Tag #Cum-Ex

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zeit.de

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Jul 8, 19:20

BGH Upholds Asset Seizure in Cum-Ex Case Against Hanno Berger

The German Federal Court of Justice confirmed the confiscation of €1.1 million from Hanno Berger, a key figure in the Cum-Ex scandal, upholding a lower court's ruling in a case that involved the transfer of proceeds to a third party not directly involved in the tax evasion scheme. The decision repre...

BGH Upholds Asset Seizure in Cum-Ex Case Against Hanno Berger

The German Federal Court of Justice confirmed the confiscation of €1.1 million from Hanno Berger, a key figure in the Cum-Ex scandal, upholding a lower court's ruling in a case that involved the transfer of proceeds to a third party not directly involved in the tax evasion scheme. The decision repre...

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How does the BGH's ruling affect the broader context of the Cum-Ex scandal and its implications for recovering stolen funds?

This ruling reinforces the legal pursuit of those involved in the Cum-Ex scandal, where billions were defrauded from the German government. The court's decision to seize assets from an indirect recipient highlights the determination to recover illicit funds, even when tracing the money involves complex transactions and multiple parties. The case underscores the lasting consequences and the wide-reaching efforts to rectify financial crimes.

zeit.de

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May 3, 04:09

German Prosecutor Criticizes Government's Response to Tax Fraud

Former chief public prosecutor Anne Brorhilker criticized Germany's slow response to tax fraud, particularly the bureaucracy relief law reducing document retention periods to eight years, hindering investigations into Cum-Cum stock deals starting in early 2026 and urging the incoming finance ministe...

German Prosecutor Criticizes Government's Response to Tax Fraud

Former chief public prosecutor Anne Brorhilker criticized Germany's slow response to tax fraud, particularly the bureaucracy relief law reducing document retention periods to eight years, hindering investigations into Cum-Cum stock deals starting in early 2026 and urging the incoming finance ministe...

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What immediate actions are necessary to counteract the negative impact of the recently enacted bureaucracy relief law on tax fraud investigations?

Anne Brorhilker, a former chief public prosecutor and Cum-Ex investigator, criticized the German government's slow response to tax fraud, particularly concerning Cum-Cum stock deals. She highlighted the recent reduction in document retention periods from ten to eight years as a setback to investigations. This change, part of a bureaucracy relief law, will allow potential tax evaders to destroy evidence starting in early 2026.

welt.de

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Jan 2, 10:09

Germany's Slow Cum-Ex/Cum-Cum Recovery: Systemic Issues and Call for Reform

Former German prosecutor Brorhilker criticizes the slow recovery of billions of euros lost to Cum-Ex and Cum-Cum tax schemes due to insufficient inter-agency cooperation, lack of specialized expertise, and data stored abroad; she calls for a central authority to combat financial crime.

Germany's Slow Cum-Ex/Cum-Cum Recovery: Systemic Issues and Call for Reform

Former German prosecutor Brorhilker criticizes the slow recovery of billions of euros lost to Cum-Ex and Cum-Cum tax schemes due to insufficient inter-agency cooperation, lack of specialized expertise, and data stored abroad; she calls for a central authority to combat financial crime.

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What are the main obstacles hindering the effective prosecution of Cum-Ex and Cum-Cum tax schemes in Germany, and what is their impact on the recovery of stolen tax money?

A former top German prosecutor, Brorhilker, criticized the slow progress in recovering billions of euros lost to Cum-Ex and Cum-Cum tax schemes. She highlights the difficulty in prosecuting these crimes due to banks' data being stored abroad, making investigations challenging and highlighting a lack of cooperation between German authorities. The state has recovered only a small fraction of the lost funds.

welt.de

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Dec 13, 16:12

Munich Court Sentences Two in Cum-Ex Trial

A Munich court sentenced two men to five years and three months imprisonment each for Cum-Ex tax evasion, resulting in over €343 million in losses, a small portion of the estimated tens of billions defrauded via this scheme.

Munich Court Sentences Two in Cum-Ex Trial

A Munich court sentenced two men to five years and three months imprisonment each for Cum-Ex tax evasion, resulting in over €343 million in losses, a small portion of the estimated tens of billions defrauded via this scheme.

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What broader consequences will this ruling have on future Cum-Ex prosecutions, and what hurdles persist in the ongoing inquiry?

This case underscores the ongoing struggle to prosecute Cum-Ex schemes, which involved intricate trading tactics to illegally reclaim taxes. Further trials are expected in Munich, suggesting a protracted legal battle. The ruling sets a precedent for future prosecutions and reveals the enormity of this financial crime.

faz.net

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Dec 6, 19:10

"Scholz Denies Political Influence in Cum-Ex Tax Evasion Cases, Facing Questions on Memory Lapses"

"German Chancellor Olaf Scholz testified before a parliamentary committee on Friday, denying political influence in tax evasion cases involving Warburg Bank and HSH Nordbank, while acknowledging the seriousness of Cum-Ex and Cum-Cum schemes but citing memory lapses regarding specific details."

"Scholz Denies Political Influence in Cum-Ex Tax Evasion Cases, Facing Questions on Memory Lapses"

"German Chancellor Olaf Scholz testified before a parliamentary committee on Friday, denying political influence in tax evasion cases involving Warburg Bank and HSH Nordbank, while acknowledging the seriousness of Cum-Ex and Cum-Cum schemes but citing memory lapses regarding specific details."

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"What specific actions did Olaf Scholz take regarding the Warburg Bank and HSH Nordbank in relation to Cum-Ex and Cum-Cum tax evasion schemes?"

"Olaf Scholz testified before a German parliamentary committee, asserting that Cum-Ex tax evasion is a serious crime and denying any political influence in the Warburg Bank case. He stated the matter is fully investigated, citing an investigative committee's report. Scholz also addressed his involvement with HSH Nordbank, emphasizing efforts to prevent economic damage but offering limited concrete information."

faz.net

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Nov 21, 16:12

Cum-Ex Trial: Accusations of Prosecutorial Misconduct

The Cum-Ex trial in Bonn begins with the defense leveling serious accusations against the Cologne Public Prosecutor's Office, alleging misconduct and potential falsification of statements.

Cum-Ex Trial: Accusations of Prosecutorial Misconduct

The Cum-Ex trial in Bonn begins with the defense leveling serious accusations against the Cologne Public Prosecutor's Office, alleging misconduct and potential falsification of statements.

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Peace, Justice, and Strong Institutions

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What role did Kai-Uwe Steck play in the Cum-Ex scandal and the investigation?

The defense accuses the prosecutors of significant errors in the investigation, including possible falsification of statements, and questions the timing of the indictment after years of cooperation from Steck.

sueddeutsche.de

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Jun 4, 16:15

Cologne Prosecutor Appeals Lenient Cum-Ex Sentence

The Cologne Public Prosecutor's Office is appealing the one-year and ten-month suspended sentence and €23.6 million fine given to Kai-Uwe Steck for his role in the Cum-Ex tax fraud scheme, which caused €428 million in damages between 2007 and 2011; the appeal renders the verdict not yet legally bind...

Cologne Prosecutor Appeals Lenient Cum-Ex Sentence

The Cologne Public Prosecutor's Office is appealing the one-year and ten-month suspended sentence and €23.6 million fine given to Kai-Uwe Steck for his role in the Cum-Ex tax fraud scheme, which caused €428 million in damages between 2007 and 2011; the appeal renders the verdict not yet legally bind...

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What are the immediate consequences of the Cologne Public Prosecutor's Office's decision to appeal Kai-Uwe Steck's sentence in the Cum-Ex tax fraud case?

The Cologne Public Prosecutor's Office will fully appeal the one-year and ten-month suspended sentence given to Kai-Uwe Steck for his role in the Cum-Ex tax fraud, resulting in a 23.6 million euro fine. Steck, a key figure in the scheme, had already paid 11 million euros. The appeal prevents the verdict from becoming legally binding.

faz.net

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Jan 2, 13:08

Cum-Ex Schemes Continue to Defraud Germany Despite Legal Changes

Former Cologne prosecutor Brorhilker reveals that Cum-Ex schemes, costing Germany at least €10 billion between 2006-2011, persist despite a 2012 law, facilitated by data stored in foreign jurisdictions with weak legal protections; she advocates for a centralized German authority to combat such finan...

Cum-Ex Schemes Continue to Defraud Germany Despite Legal Changes

Former Cologne prosecutor Brorhilker reveals that Cum-Ex schemes, costing Germany at least €10 billion between 2006-2011, persist despite a 2012 law, facilitated by data stored in foreign jurisdictions with weak legal protections; she advocates for a centralized German authority to combat such finan...

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What are the immediate and specific consequences of the continued occurrence of Cum-Ex and Cum-Cum schemes despite legal changes?

Between 2006 and 2011, Cum-Ex schemes cost German taxpayers an estimated €10 billion. Despite a 2012 law change, these schemes, involving the illegal refund of taxes, continued. A foundation established in 2016 exemplifies the ongoing nature of this tax fraud.

taz.de

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Jan 2, 16:12

Cum-Ex Tax Fraud Continues Despite 2012 Law Changes

Former German Cum-Ex investigator Anne Brorhilker claims that Cum-Ex and Cum-Cum tax fraud schemes, which cost the German government an estimated €38 billion, continue despite a 2012 law change, hindering recovery efforts due to international data transfer and insufficient investigative resources.

Cum-Ex Tax Fraud Continues Despite 2012 Law Changes

Former German Cum-Ex investigator Anne Brorhilker claims that Cum-Ex and Cum-Cum tax fraud schemes, which cost the German government an estimated €38 billion, continue despite a 2012 law change, hindering recovery efforts due to international data transfer and insufficient investigative resources.

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What is the current status of Cum-Ex and Cum-Cum tax fraud in Germany, and what are the most significant obstacles to its prosecution?

Anne Brorhilker, former lead investigator for Cum-Ex tax fraud cases, asserts that this financial crime persists despite a 2012 law change. She cites a 2016 foundation used for Cum-Ex deals as evidence and estimates that billions of euros in tax revenue were lost. The low risk of detection for banks and the movement of data to jurisdictions with weaker legal frameworks hinder investigations.

zeit.de

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Dec 7, 10:06

Hamburg's Insufficient Staffing Fails to Investigate Millions in Potential Tax Losses

The Hamburg Finance Authority's insufficient staffing, revealed in a parliamentary investigation, failed to properly investigate millions of euros in potential tax losses from HSH Nordbank's Cum-Ex and Cum-Cum transactions; this raises concerns about systemic failures in tax enforcement.

Hamburg's Insufficient Staffing Fails to Investigate Millions in Potential Tax Losses

The Hamburg Finance Authority's insufficient staffing, revealed in a parliamentary investigation, failed to properly investigate millions of euros in potential tax losses from HSH Nordbank's Cum-Ex and Cum-Cum transactions; this raises concerns about systemic failures in tax enforcement.

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What are the immediate consequences of the Hamburg Finance Authority's insufficient staffing regarding the review of HSH Nordbank's self-reported Cum-Ex and Cum-Cum transactions?

"The Hamburg Finance Authority's insufficient staffing to review a bank's self-reported Cum-Ex and Cum-Cum tax evasion report raises serious concerns about the effectiveness of tax enforcement. This understaffing, acknowledged by the current First Mayor Peter Tschentscher, resulted in a lack of thorough investigation into millions of euros in potential tax losses. The situation highlights a systemic failure in oversight and enforcement."

zeit.de

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Dec 4, 16:09

BGH Doubles Cum-Ex Repayment for Maple Bank Managers to €20 Million

The German Federal Court of Justice (BGH) ordered four former Maple Bank managers to repay roughly €20 million in Cum-Ex tax evasion proceeds, almost double the initial ruling, setting a significant precedent for ongoing investigations involving over 1700 suspects and potentially recovering billions...

BGH Doubles Cum-Ex Repayment for Maple Bank Managers to €20 Million

The German Federal Court of Justice (BGH) ordered four former Maple Bank managers to repay roughly €20 million in Cum-Ex tax evasion proceeds, almost double the initial ruling, setting a significant precedent for ongoing investigations involving over 1700 suspects and potentially recovering billions...

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How did the BGH's interpretation of "proceeds" affect the amount to be repaid, and what effect will this ruling have on other Cum-Ex cases?

The BGH's decision to calculate proceeds before taxes effectively doubles the amount recovered, as confirmed by the Frankfurt Public Prosecutor's Office. This ruling sets a precedent for future Cum-Ex cases, significantly increasing the potential for recovering illicit funds.

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