Karin Matussek

Olearius was the first senior banker charged for allegedly taking part in a controversial tax dividend scandal that cost German taxpayers billions of euros.

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.

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."

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.

The controversial Cum-Ex scandal has swept up Wall Street's biggest banks.

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.

Piles of relevant documents were disclosed to the defense only four weeks before the trial started.

Markus Braun's payment company collapsed under the weight of fraud allegations, wiping out billions in shareholder value.

Hanno Berger, a key figure in the sprawling Cum-Ex tax scandal, should get nine years in prison, prosecutors said in closing arguments at a German criminal trial.

The scandal has increasingly ensnared Wall Street's biggest banks.

Ex-Maple Bank CEO Wolfgang Schuck was sentenced to four years and four months by the Frankfurt Regional Court, which also convicted three colleagues.

The controversial Cum-Ex scandal robbed taxpayers of billions of euros.

The FRC fined the Big Four firm and partner Anthony Sykes over its 2010 audit of the carmaker, the latest in a long list of audit scandals surrounding the firm.

German prosecutors are carried out the raid as part of their wider probe into the Cum-Ex scandal that robbed taxpayers of billions of euros.

A Munich court opened a class-action style procedure to hear cases brought by investors who claim EY violated its duties when auditing the now bankrupt payment company.

The Munich prosecutors’ office reportedly filed a series of charges against former CEO Markus Braun.

The lawyer dubbed “the brain behind Cum-Ex” has been pursued by authorities for his role in the controversial tax-driven trading strategy.

Two people charged over the accounting scandal at the furniture retailer must stand trial in Germany.

The struggling U.K. fashion retailer has failed to keep pace on price with its high-street rivals and has been closing stores.

The FRC filed a disciplinary complaint against KPMG LLP, a former partner and current and former employees over their role in past audits of two companies.