British hedge fund trader Anthony Patterson pleaded guilty to participating in a Cum-Ex tax fraud scheme that defrauded Danish tax authorities of around $1.2 billion.

A British hedge fund trader, Anthony Patterson, pleaded guilty to helping defraud Danish tax authorities of approximately 8.4 billion Danish kroner ($1.2 billion) in the Cum-Ex tax fraud scandal. Patterson admitted to participating in a scheme involving thousands of fraudulent trades and attempted fraud worth around 500 million kroner. Denmark has been dealing with the Cum-Ex scandal for years, seeking to hold those responsible and reclaim the lost funds.

February 29, 2024
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