BusinessPostCorner.com
No Result
View All Result
Thursday, June 5, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Ex-Warburg banker’s tax evasion trial ends over his poor health

June 24, 2024
in Accounting
Reading Time: 3 mins read
A A
0
Ex-Warburg banker’s tax evasion trial ends over his poor health
ShareShareShareShareShare

The trial against the former head of M.M. Warburg & Co. over his role in Cum-Ex tax deals that cost Germany €280 million ($301 million) ended without a verdict because of his poor health.

Christian Olearius has been found permanently unfit to stand trial, so the Bonn court on Monday dropped the case, according to a statement from the tribunal. The case started in September but suffered from delays and disruptions for months because of his health problems.

Olearius, 82, who was accused of 14 counts of aggravated tax evasion for authorizing Warburg’s Cum-Ex deals between 2006 and 2019, told the court early on Monday once again that he was innocent. 

M.M. Warburg & Co. building

Bloomberg

“It’s good that this trial is now over,” Olearius said in a statement after the ruling. “The proceedings started by prosecutors and the nature of the investigations were blatant violations of the fundamentals of the rule of law in many respects which were staggering.”

The judges already last week rejected a request by prosecutors for a proceeding to seize €43 million from Olearius, the alleged profit from the deals, saying the case has yet to be fully investigated before any order can be made. The Cologne Prosecutors’ Office has appealed that ruling and also filed an appeal against Monday’s decision. 

The former Warburg chief became one of the faces of the Cum-Ex scandal that has grown into one of the largest white collar crime investigations in history. His former right-hand man at the bank was sentenced to five and a half years over the deals.

The Olearius case is: LG Bonn, 63 KLs 1/22.

Credit: Source link

ShareTweetSendPinShare
Previous Post

France’s far-right chief pledges to clean up public finances

Next Post

The national debt is over $34 trillion. It’s time to tell the truth about the U.S. government’s finances

Next Post
The national debt is over  trillion. It’s time to tell the truth about the U.S. government’s finances

The national debt is over $34 trillion. It’s time to tell the truth about the U.S. government’s finances

DOJ seizes crypto and 145 domains from BidenCash marketplace

DOJ seizes crypto and 145 domains from BidenCash marketplace

June 5, 2025
Disgraced former celebrity lawyer Tom Girardi must pay .3 million to the former clients he stole from

Disgraced former celebrity lawyer Tom Girardi must pay $2.3 million to the former clients he stole from

June 3, 2025
US goods imports tumble 20% in April as Trump’s tariffs disrupt trade

US goods imports tumble 20% in April as Trump’s tariffs disrupt trade

May 30, 2025
NYC Comptroller Rejects Mayor Adams’s “Bitbond” Proposal as Legally and Fiscally Flawed

NYC Comptroller Rejects Mayor Adams’s “Bitbond” Proposal as Legally and Fiscally Flawed

May 31, 2025
What accounting firms should consider before taking private equity

What accounting firms should consider before taking private equity

June 2, 2025
BlackRock’s IBIT Sees 0M Outflow, Ending 31-Day Inflow Streak

BlackRock’s IBIT Sees $430M Outflow, Ending 31-Day Inflow Streak

May 31, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Donald Trump attacks ‘hostile’ Elon Musk as row over tax bill erupts

Donald Trump attacks ‘hostile’ Elon Musk as row over tax bill erupts

June 5, 2025
Binance Research: RWA Token Market Hits B as Private Credit Leads 260% Surge in H1 2025

Binance Research: RWA Token Market Hits $23B as Private Credit Leads 260% Surge in H1 2025

June 5, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!