Ex-Prosecutor Warns Cum-Ex Tax Fraud Continues Despite Reforms

Anne Brorhilker, former lead investigator, claims illegal stock deals persist, costing taxpayers billions and exposing enforcement gaps.

Anne Brorhilker, once Germany's top investigator on Cum-Ex tax fraud, asserts that these illegal schemes continue even after a 2012 law aimed to stop them.
Cum-Ex and related Cum-Cum deals have cost Germany tens of billions in lost tax revenue, with only a fraction recovered so far.
Brorhilker highlights systemic enforcement failures, including banks storing data abroad and limited prosecutorial expertise in handling complex financial crimes.
She calls for a centralized authority to combat economic crime and stricter regulations to prevent banks from exploiting legal loopholes.
The scandal has implicated high-profile figures, with ongoing investigations into 1,700 suspects and growing calls for stronger political commitment to tackling financial misconduct.