Banker first to be jailed in German tax fraud scandal
Reuters, 02 June 2021
A former executive at private bank M.M. Warburg on Tuesday became the first banker to be jailed over a multi-year scam to bilk the German state of billions of euros by filing bogus claims for tax rebates on stock dividends.
A court in Bonn handed down a sentence of five years and six months for tax evasion against the banker, a spokeswoman said. Two months were docked from the sentence of the banker, who was not named, due to the length of the trial. Continue reading “Article: Banker first to be jailed in German tax fraud scandal”
