Tens of billions of dollars have been lost in Europe’s biggest tax fraud in history, the Cum-Ex scandal. Up to now, the scandal – and government efforts to prosecute those complicit in it – have been largely limited to Europe. Now, with a new Administration in DC and more aggressive prosecutors filling up US agencies, can we now expect that US enforcement attention will focus on this scandal? And start seeking to hold those involved responsible?
This webinar will explain briefly the history and scope of what led to this scandal, and explain the risks of enhanced US enforcement efforts. It will explain what US agencies are likely to be looking at, and set out what theories of liability are likely to be the premise for additional liability. Finally, it will set out risk factors about which financial firms, and counsel, should be aware.
Joshua Ray represents individuals and corporates in complex investigations, prosecutions and regulatory actions regarding market manipulation and multijurisdictional matters involving fraud, bribery and money laundering.
Of Counsel Head of EU Business Crime and Regulatory Practice Group
Salomé works on Europe’s most challenging and significant white-collar and complex crime cross-border cases. She leads Rahman Ravelli’s EU Business Crime and Regulatory Practice Group, representing and advising companies and individuals in high-stakes investigations.
A powerhouse and go-to firm for big players in need of representation. Comprehensive. Unbeatable. Exceptionally good.
The Legal 500