CumEx-Files: The heist of the century

The heist of the century. Thinking of a diamond or bank robbery? Art theft? Something à la Money Heist, Ocean’s Eleven or The Killing? The case this blog deals with is more harmful but less glamorous than that. Even worse: it has hardly caught the attention of the public at all. What I am talking about are the Cum-Ex Files; a massive tax fraud scheme discovered in 2017 defrauding European treasuries of about € 55 billion in total. This blog post shortly discusses how the intermingling of state and corporate actors—law enforcement authorities, politicians and financial institutions—has contributed to a (so far) rather lenient response to the scandal, and the preservation of the status quo.

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