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autotldr t1_je0p0ab wrote

This is the best tl;dr I could make, original reduced by 79%. (I'm a bot)

> Paris - French authorities raided five banks on Tuesday as part of an investigation into suspected cases of massive tax fraud and money laundering, prosecutors said.

> The raids follow five preliminary investigations that were opened in December 2021 in connection with suspected money laundering and aggravated suspected tax fraud related to dividend payments, the statement said.

> A German court in December sentenced lawyer Hanno Berger to eight years in prison over the "Cum-ex" tax scam, convicting him of three counts of aggravated tax evasion.

Extended Summary | FAQ | Feedback | Top keywords: tax^#1 fraud^#2 bank^#3 raids^#4 suspected^#5

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Negative_Band183 t1_je1ue1i wrote

The wut

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1lluminist t1_je2b6ud wrote

Cum-ex

They raided a sperm bank by mistake and found the Kleenex.

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Calavant t1_je3kf36 wrote

An easy mistake. Both locations are cocked up beyond belief, utterly filled by dicks. We're all very salty about their output. See, man?

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TonySu t1_je36hzw wrote

It was an exchange established to help maintain liquidity during the seasonal shortage month of November. Due to the under-the-table nature of most transactions it’s rife with tax frauds.

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