German Court Ends Cum-Ex Case Against Broker With €2.8 Million Settlement

The case, tied to the largest tax fraud in German history, involved a former HypoVereinsbank trader and was separated from the prosecution of convicted tax lawyer Hanno Berger.

A Wiesbaden court has concluded a Cum-Ex tax fraud case against a former trader by requiring a €2.8 million payment, effectively ending the proceedings.
The trader, linked to HypoVereinsbank, earned significant commissions from Cum-Ex transactions that exploited tax loopholes to claim illegitimate refunds.
The case stems from the broader Cum-Ex scandal, which cost the German state an estimated €10 billion and led to legal reforms in 2012.
Hanno Berger, a central figure in the scandal, was sentenced in 2023 to over eight years in prison for orchestrating fraudulent schemes between 2006 and 2008.
Investigations into Cum-Ex continue, with over 130 cases involving approximately 1,700 suspects, though some charges have been dropped due to statute limitations.