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Eight years in prison for Cum

2022-12-13T13:17:09.682Z


The Bonn regional court has sentenced lawyer Hanno Berger to eight years in prison for tax evasion. He was considered the architect of the illegal cum-ex tax transactions.


Enlarge image

Attorney Berger (photo from June 2022): years of imprisonment

Photo: KAI PFAFFENBACH / REUTERS

He was considered a key figure in the biggest tax scandal in the Federal Republic: the district court in Bonn sentenced the lawyer Hanno Berger to eight years in prison.

The court ruled that the 72-year-old was guilty of tax evasion.

The lawyer is considered the architect of the cum-ex deals, in which shares with (»cum«) and without (»ex«) dividend rights were pushed back and forth around the dividend record date.

Taxes were refunded that had not been paid at all.

As a result, the German tax authorities and thus the general public were cheated by a two-digit billion amount over the years.

More soon on SPIEGEL.de

mic/dpa

Source: spiegel

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