1 Minute Read by Reuters Staff Reuters – FRANKFURT (Reuters) – Hanno Berger, a German accused of being a key figure in a multi-year tax fraud, was arrested in Switzerland, where he had been living in exile, according to a spokesman for Frankfurt prosecutors. Cum-ex is Germany’s biggest postwar fraud, involving a share-trading scheme that cost taxpayers billions of euros, according to authorities. Berger, a German tax inspector turned tax adviser, and others, according to the prosecutors, promoted the scheme. Berger is a defendant in a case being tried near Frankfurt in Wiesbaden. Berger has always denied any wrongdoing in interviews with Reuters, claiming that everything he did was legal. According to the spokesman, Swiss authorities informed Frankfurt prosecutors of Berger’s arrest, which came as a result of Germany’s extradition efforts. Handelsblatt was the first to report on the arrest. Tom Sims contributed reporting, and Thomas Escritt edited the piece./n
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