British hedge fund trader Sanjay Shah on trial in Denmark for $1.8B "cum-ex" tax fraud case.

British hedge fund trader Sanjay Shah is on trial in Denmark for a $1.8B "cum-ex" tax fraud case. Denmark has charged nine British and U.S. citizens over the fraudulent schemes that allegedly cost the country over $1.86B between 2012 and 2015. Shah, the main suspect, denies any wrongdoing and faces up to 12 years in prison if found guilty. The trial is expected to have a significant impact on tax authorities worldwide.

March 11, 2024
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