Bankers Found Guilty In German Cum-Ex Trial, Spared Jail

Law360, London (March 19, 2020, 1:36 PM GMT) -- The state court in the German city of Bonn found two former Hypovereinsbank bankers guilty of tax evasion linked to cum-ex trades, but spared the men jail, instead sentencing them to probation, according to a court statement.

The state court in Bonn, Germany, said two British citizens, ages 38 and 42, who are former bankers at Hypovereinsbank were found guilty of tax evasion charges linked to cum-ex trades and given probation. (AP) The court said late Wednesday that one of the defendants, a 42-year-old British citizen, was found guilty of 10 counts of tax evasion as well as one count of abetting...

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