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The CumEx Files 55 Billion Euro Scandal
#1
Posted 18 October 2018 - 12:53 PM
Anyone seen this yet?
https://cumex-files.com/en/
This has been under way for a while now.
Here in Denmark it began when we discovered a guy managed to pull around 12 billion DKK out of our system before it was discovered. Now it seems it's part of something much bigger.
https://cumex-files.com/en/
This has been under way for a while now.
Here in Denmark it began when we discovered a guy managed to pull around 12 billion DKK out of our system before it was discovered. Now it seems it's part of something much bigger.
#2
Posted 18 October 2018 - 01:58 PM
Alternative Goose, on 18 October 2018 - 12:53 PM, said:
Anyone seen this yet?
https://cumex-files.com/en/
This has been under way for a while now.
Here in Denmark it began when we discovered a guy managed to pull around 12 billion DKK out of our system before it was discovered. Now it seems it's part of something much bigger.
https://cumex-files.com/en/
This has been under way for a while now.
Here in Denmark it began when we discovered a guy managed to pull around 12 billion DKK out of our system before it was discovered. Now it seems it's part of something much bigger.
wow I thought this was some sort of weird X-files themed porno
In the language of flowers corn stands for trust.
#4
Posted 18 October 2018 - 03:43 PM
Alternative Goose, on 18 October 2018 - 02:53 PM, said:
Keep scrolling down.
I've been reading the article intermittently while working, pretty fascinating stuff that they could get away with this for so long, and the lack of moral compasses.
Frey recalls meetings during where it was said: "Anyone who takes issue with the fact that there'll be fewer nurseries in Germany because of the trade we do is in the wrong place." Nobody left the room.
This post has been edited by Gintokian: 18 October 2018 - 03:44 PM
In the language of flowers corn stands for trust.
#5
Posted 18 October 2018 - 04:21 PM
Wow I just finished it, crazy how that went on for so long, and how the people are still doing it now.
Once I have time I'd like to watch some of the movie clips at the bottom.
Once I have time I'd like to watch some of the movie clips at the bottom.
In the language of flowers corn stands for trust.
#6
Posted 18 October 2018 - 05:52 PM
these people need to be dragged out and publicly flogged
2012
"Imperial Gothos, Imperial"
"Imperial Gothos, Imperial"
#7
#8
Posted 19 October 2018 - 09:13 AM
Macros, on 18 October 2018 - 05:52 PM, said:
these people need to be dragged out and publicly flayed.
FTFY
"Fortune favors the bold, though statistics favor the cautious." - Indomitable Courteous (Icy) Fist, The Palace Job - Patrick Weekes
"Well well well ... if it ain't The Invisible C**t." - Billy Butcher, The Boys
"I have strong views about not tempting providence and, as a wise man once said, the difference between luck and a wheelbarrow is, luck doesn’t work if you push it." - Colonel Orhan, Sixteen Ways to Defend a Walled City - KJ Parker
"Well well well ... if it ain't The Invisible C**t." - Billy Butcher, The Boys
"I have strong views about not tempting providence and, as a wise man once said, the difference between luck and a wheelbarrow is, luck doesn’t work if you push it." - Colonel Orhan, Sixteen Ways to Defend a Walled City - KJ Parker
#10
Posted 19 October 2018 - 12:42 PM
Cause, on 19 October 2018 - 11:44 AM, said:
TLDR
Summary?
Summary?
Lawyers, traders, bankers, use loophole to get reimbursed taxes on share trades that they never paid, billions stolen from Germany. They thought it was fixed now but it turns out it's still going on, in other countries as well.
Basically the government was giving huge payouts without even realizing it. It wasn't technically illegal so it's hard to bring those responsible to justice.
In the language of flowers corn stands for trust.
#11
Posted 19 October 2018 - 02:05 PM
Quote
The source is knee-deep in cum-ex trades
Ummm... phrasing?
But wow, I had not heard of any of this at all prior. It's kind of a mix of "well, that's not surprising, yet another dirty loophole for bankers" and "holy shit, how could this happen and no one noticed for so long?". Tax/banking/investment regulation is all so huge and complex, it seems inevitable that there will be exploitations of it like this, and we can't really do anything except react to close the loopholes as fast as we can. But the way the perpetrators are allowed to do it without being, say, a German citizen, and then flee to other countries where there's no jurisdiction to arrest them, is deeply troublesome.
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