{"id":36082,"date":"2019-09-04T19:38:39","date_gmt":"2019-09-04T17:38:39","guid":{"rendered":"https:\/\/www.w-t-w.org\/en\/?p=36082"},"modified":"2019-09-04T19:40:18","modified_gmt":"2019-09-04T17:40:18","slug":"british-bankers-on-trial-in-germany-charged-with-e447m-fraud","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/british-bankers-on-trial-in-germany-charged-with-e447m-fraud\/","title":{"rendered":"British Bankers On Trial In Germany Charged With \u20ac447m Fraud"},"content":{"rendered":"

UK pair accused of defrauding German state through \u2018cum-ex\u2019 share trading scheme.
\nTwo British investment bankers have gone on trial in Bonn in what German media have called \u201cthe biggest financial fraud trial\u201d in the country\u2019s postwar history.<\/p>\n

The two British citizens, Martin Shields, 41, and Nicholas Diable, 38, are accused of having defrauded the German state of \u20ac447.5m (\u00a3405m) from London\u2019s banking district with so-called cum-ex trading schemes, a complex shell game of share transactions.<\/p>\n

Cum-ex transactions work by trading shares at high speed on or just before the dividend record date \u2013 the day the company checks its records to identify shareholders \u2013 and then claiming two or more refunds for capital gains tax which had in fact only been paid to the state once…..theguardian.com<\/a><\/p>\n

\"\"

Cum-Ex- UK Bankers on Trial \/C.Ohde<\/p><\/div>\n

“Guardian journalism<\/a> is free from commercial and political bias and not influenced by billionaire owners or shareholders. This means we can give a voice to those less heard, explore where others turn away, and rigorously challenge those in power.”<\/p>\n","protected":false},"excerpt":{"rendered":"

UK pair accused of defrauding German state through \u2018cum-ex\u2019 share trading scheme. Two British investment bankers have gone on trial in Bonn in what German media have called \u201cthe biggest financial fraud trial\u201d in the country\u2019s postwar history. The two … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[22,13],"tags":[206,210,211],"class_list":["post-36082","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance","tag-aml-cft","tag-cum-ex","tag-fraud"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t