Bank board member sentenced to prison sentence: Cum-Ex scandal in Bonn

Bank board member sentenced to prison sentence: Cum-Ex scandal in Bonn

As part of the CUM-Ex Tax scandal, the Bonn district court made a judgment against another defendant. Yasin Q., a 50-year-old former board member of Varengold Bank, was sentenced to a prison sentence of three years and two months for tax evasion. In addition to the prison sentence, the court stipulated that he had to repay 1.5 million euros, which he generated through CUM-EX business. This current judgment is part of the efforts to hold those responsible for the fraudulent Cum-Ex deals and protect the state's finances. The punishment sends a strong signal to the financial world that such machinations are not tolerated and have consequences.