Dec 13, 05:22 PM

Two Fund Managers Sentenced in Munich for €343 Million Tax Evasion; British Trader Gets 12 Years for £1 Billion Fraud

In a significant legal development, two fund managers involved in the first Munich Cum-Ex trial have been sentenced to over five years in prison each for tax evasion, resulting in damages amounting to €343 million. Concurrently, a British hedge fund trader has received a 12-year prison sentence in Denmark for a tax fraud scheme that defrauded the Danish tax authority of £1 billion. This case highlights ongoing efforts by authorities to combat financial fraud and tax evasion. Additionally, a Surrey company director was implicated in a separate case involving the fraudulent movement of £100,000 in Covid-19 loans through family bank accounts but has avoided jail time.

#British #Denmark #Danish #Surrey #Covid

Written with ChatGPT (GPT-4o mini).

Sources

Le JDD@leJDD
2 years ago
«Kerviel britannique» : un trader reconnu coupable d’une fraude fiscale de 1,2 milliard d’euros https://t.co/sWz8zo4IMk
Le Figaro Économie@Figaro_Economie
2 years ago
Un financier britannique de 54 ans a floué le fisc danois pendant trois ans et a écopé de la peine maximale. ➡️ https://t.co/rqi7QmE8xS https://t.co/rqi7QmE8xS
BBC Surrey@BBCSurrey
2 years ago
A Surrey company director who fraudulently moved £100,000 in Covid-19 loans through his family's bank accounts has avoided jail. Tap below to read more: https://t.co/ZOyjB3TMp3

Two Fund Managers Sentenced in Munich for €343 Million Tax Evasion; British Trader Gets 12 Years for £1 Billion Fraud

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