[Aptorian]

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.

[Gintokian]

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.

wow I thought this was some sort of weird X-files themed porno

[Aptorian]

Keep scrolling down.

[Gintokian]

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

[Gintokian]

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.

[Macros]

these people need to be dragged out and publicly flogged

[Gintokian]

Macros, on 18 October 2018 - 05:52 PM, said:

these people need to be dragged out and publicly flogged

Instead they get to hide out in their swiss alps villas drinking cocoa and skiing with their bloody money.

[Tsundoku]

Macros, on 18 October 2018 - 05:52 PM, said:

these people need to be dragged out and publicly flayed.

FTFY

[Cause]

TLDR

Summary?

[Gintokian]

Cause, on 19 October 2018 - 11:44 AM, said:

TLDR

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.

[D'rek]

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.