Hedge Fund Founder at Heart of £1.4 Billion UK Cum-Ex Trial (1)

Hedge fund founder Sanjay Shah was accused of being the mastermind behind a “meticulously pre-planned” Cum-Ex trading scheme that defrauded the Danish government of £1.4 billion ($1.7 billion) at the start of London civil trial.

Danish tax agency Skat is suing dozens of traders and businesses in a bid to claw back the billions it was defrauded of through the controversial tax trading strategy that’s roiled the European finance industry for years. Separately, Shah who founded Solo Capital Partners, is in the middle of a Danish criminal trial and faces years in jail if he’s found guilty.

Cum-Ex was ...