Hedge Fund Founder’s Alleged Accomplices Settle Cum-Ex Cases (1)

Six men charged alongside hedge-fund founder Sanjay Shah settled their German money-laundering cases over the proceeds of Cum-Ex tax deals in Denmark and Belgium.

The defendants agreed to pay between €30,000 ($32,000) and €100,000 to end the cases against them, a spokeswoman for the Hamburg court said on Friday. Proceedings against three others accused will continue, she added. Among them is Shah, according to people familiar with the case.

The settlements are linked to a 9 billion kroner ($1.3 billion) Danish tax fraud probe in which Shah, founder of Solo Capital Partners LLP, was also charged. His trial in ...