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The two men were named by the retailer in 2019 following a forensic probe by PwC that uncovered $7.2 billion of irregular transactions.
By Karin Matussek and Janice KewMay 3 -
Cum-Ex, a strategy that took advantage of how Germany collected dividend tax, involved multiple parties claiming refunds on a tax that was paid only once.
By Karin MatussekMay 3 -
The case revolves around Cum-Ex, a strategy that took advantage of a loophole in how Germany collected dividend tax.
By Karin Matussek and Donal GriffinApril 21 -
The trial of Markus Jooste was halted on day one after he was unable to leave his home country South Africa.
By Karin Matussek and Janice KewApril 19 -
Olearius was the first senior banker charged for allegedly taking part in a controversial tax dividend scandal that cost German taxpayers billions of euros.
By Karin MatussekFebruary 23 -
Markus Braun insisted he acted properly when he told markets two months before the company's spectacular demise that a KPMG probe found no wrongdoing — even though the auditor didn't have access to the documents it needed.
By Karin MatussekFebruary 16 -
In his first public comments about his involvement in an episode that wiped out billions of euros in shareholder value, Braun spoke of a "day of shock and pain."
By Karin MatussekFebruary 14 -
Cum-Ex siphoned off billions by taking advantage of tax laws that seemed to allow multiple investors to claim refunds of a tax on dividends that was paid only once.
By Alexandre Rajbhandari, Karin Matussek and Steven AronsJanuary 25 -
The controversial Cum-Ex scandal has swept up Wall Street's biggest banks.
By Karin MatussekJanuary 17 -
Hanno Berger, a German lawyer dubbed the "mastermind" of Cum-Ex, was sentenced for his role in part of a sprawling tax scandal that's robbed billions of euros from government coffers.
By Karin MatussekDecember 13