Former Cum-Ex Prosecutor Criticizes Lax Oversight at Packed Hamburg Event

Anne Brorhilker highlights systemic failures that enabled a multi-billion euro tax fraud during her talk at the Hamburg Rathaus.

Anne Brorhilker, former chief prosecutor for Cum-Ex cases, addressed over 500 attendees at the Hamburg Rathaus, with many more turned away due to capacity.
Brorhilker condemned the lack of stringent oversight that allowed financial institutions to exploit tax loopholes, costing Germany billions in lost revenue.
The Cum-Ex and Cum-Cum schemes resulted in approximately 40 billion euros in fraudulent tax refunds, with only a fraction recovered so far.
The Warburg Bank case exemplifies the problematic closeness between banks and politicians, with meetings between Christian Olearius and Olaf Scholz drawing scrutiny.
Brorhilker, now with NGO Finanzwende, emphasized the need for greater societal stigma against economic crimes to deter future misconduct.