Ex-Bank Chief Gets 5½ Years In German Tax Fraud Case

Law360, London (June 2, 2021, 10:33 AM BST) -- A court in the German city of Bonn has handed down a 5½-year prison sentence to a former bank chief convicted on five counts of tax evasion in a so-called cum-ex fraud case involving manipulated dividend payouts.

A former bank employee convicted on five counts of tax evasion has been sentenced to prison at a court in the German city of Bonn, pictured. (iStock) A spokesperson for the German private bank M.M. Warburg & Co. confirmed German media reports that he was a former employee of the lender, saying that he was a chief representative of the bank and responsible for the...

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