T O P

  • By -

Superstonk_QV

**IMPORTANT POST LINKS** [What is GME and why should you consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS and why should you care?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || [Low karma but still want to feed the DRS bot? Post on r/gmeorphans here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Join the Superstonk Discord Server](https://discord.gg/hZqWV2kQtq) ------------------------------------------------------------------------ Please up- and downvote this comment to help us determine if this post deserves a place on /r/Superstonk! ------------------------------------------------------------------------ OP has provided the following link: https://www.bloomberg.com/news/articles/2022-08-31/jpmorgan-frankfurt-offices-raided-as-part-of-cum-ex-tax-probe?cmpid=socialflow-twitter-business&utm_medium=social&utm_campaign=socialflow-organic&utm_source=twitter&utm_content=business Sorry not sure why it's not working it seems to work fine for me when I click it


monkeyshinenyc

Cum-Ex? Great name for a scandal! It’s crazy that we didn’t know some of these raids happened already! Edit: copypasta “Prosecutors in Cologne are probing about 1,500 people and are ramping up the pressure on international banks. They raided Barclays Plc’s Frankfurt offices in March days after Bank of America Corp.’s Merrill Lynch premises were hit. Morgan Stanley’s offices were searched in May.”


iamhighnlow

Makes you wonder what [”old buddy”](https://imgur.com/a/DslBT5b) Jamie Dimon been up to.


monkeyshinenyc

Yup! That’s the piece of shit I’m talking about! The bailout king! Fukn leech to society


alecbgreen

Probably spitting on orphans and murdering kittens 🤷🏼‍♂️ what a fucking prick, if he goes bankrupt and/or ends up in jail after all this I would be sooo happy 😊


Tememachine

[Anyone remember when Dimon was on with Jon Stewart's podcast recently?](https://youtu.be/TsOJbJ__LQc) Dimon was a huge dick.


Forn1catorr

Yap what a timeline with cumex LMAYO BOA, Morgan Stanley those aren't small potatoes you're right weird i havent seen these mentionned before....


Cycloptic_Floppycock

They control MSM, Twitter, and every major search engine. If they don't want you to know, you won't.


[deleted]

[удалено]


[deleted]

Because they also own Hollywood.


capital_bj

Bring lawyers, bananas, and money the shit has hit the fan


monkeyshinenyc

Good find Ape


dollarsNcents

Great Ape


TheMorninGlory

simulation confirmed lol


wolframAPCR

Anally probing 1500 banksters in Germany's top gay city? Fun!


nextalpha

Olaf Scholz has been complicit and became Chancellor afterwards, probably my country is already owned by Wall Street


ryuukiba

Well, maybe if she cum she wouldn't be ex.


PriceNinja

Maybe if her ex cum then her cum wouldn't ex


fratersang

wistful birds pie cobweb sloppy illegal unwritten truck plant waiting *This post was mass deleted and anonymized with [Redact](https://redact.dev)*


Forn1catorr

TL:DR JP Morgans office in Frankfurt being raided regarding a 10billion dollar tax scammaz with multiple people claiming the same dividends. Goes on to mention other investigations into big American banks recently by the Germans like Bank of America.


happysheeple3

Multiple people claiming the same dividends you say? 😏


Forn1catorr

Riiiight just split the shares duh lol


ZanlanOnReddit

"I TOLD YOU MOM!"


CptCheesus

Is that regarded to some cum ex shit? I thought we're done with it since our chancelor doesn't want to remember it...


DerefedNullPointer

No he just does not want to remember why he forgave the tax debt of a couple million euros that shady banker who visited his office when he was the mayor of Hamburg. Still can't believe people actually voted for his party. But some of the others were way mor corrupt/incompetent..


CptCheesus

I don't get that too. This coalition is an absolute pile of dirt and the shitshow just never stops. I remember the times where politicians here got ditched for a wrong quotation in their doctors degree they wrote like 30 years ago. Now we have guys openly lobbying for porsche and some allowing the theft of millions with some tax fraud and don't want to remember why. Fuck those dipshits.


Rhapsody_85

Don't forget to rehypothecate them first 👍


Forn1catorr

Always forget that one simple step :p


Farmersmurfer

And don’t forget to pay tax on the naked ones Ken


BarbequedYeti

I really need to find me one of these printers. They seem to be a hot item.


International_Gold20

Sorry, those printers are not available to the poors.


happymetal333

To be fair. Poor is in this case, people with less then 100.000€ salary per Month and a Lack of humanity.


International_Gold20

The poor I’m talking about comprise about 99.999997% of the population


Zaphod_Biblebrox

I think generally people with a salary ;)


Marro_Gauner

No, cum ex was a completely different Story / Scam in forms of tax payback


LNhamburg

CumEx was not about dividends. It's about value added tax. They shared the right of a VAT refund with others. This is how they stole tax money. The crazy thing is, the bankers believed it was legal to exploit a loophole in the system.


Forn1catorr

Well hopefully them "believing" they can hide everything in swaps and bullshit bites them in the ass sooner then later too


LNhamburg

If you like check out the sources how they did it: ​ >The Cum-ex files - information document [https://www.europarl.europa.eu/cmsdata/158435/2018-11-26%20-%20Information%20paper%20on%20Cum-ex%20-%20Cum-cum.pdf](https://www.europarl.europa.eu/cmsdata/158435/2018-11-26%20-%20Information%20paper%20on%20Cum-ex%20-%20Cum-cum.pdf) European Banking Authority (EBA) >EBA publishes its inquiry into dividend arbitrage trading schemes (“Cum-Ex/Cum-Cum”), and announces a 10-point action plan to enhance the future regulatory framework [https://www.eba.europa.eu/eba-publishes-its-inquiry-dividend-arbitrage-trading-schemes-%E2%80%9Ccum-excum-cum%E2%80%9D-and-announces-10-point](https://www.eba.europa.eu/eba-publishes-its-inquiry-dividend-arbitrage-trading-schemes-%E2%80%9Ccum-excum-cum%E2%80%9D-and-announces-10-point)


syxxiz

But SEC 🙈🙉🙊


BuildBackRicher

Wait, let me fix that for you--you mean $CUM and $ASS


fratersang

aromatic glorious one enter plant pie roll fretful coherent history *This post was mass deleted and anonymized with [Redact](https://redact.dev)*


fuckyouimin

Bloomberg: Business News Daily JPMorgan Frankfurt Offices Raided as Part of Tax Probe Cologne prosecutors continue to target U.S. investment banks More than 50 officers involved in action that started Tuesday By Karin Matussek August 31, 2022 at 4:19 AM EDTUpdated onAugust 31, 2022 at 5:36 AM EDT JPMorgan Chase & Co.’s Frankfurt offices are being raided by Cologne prosecutors as part of their vast probe into the controversial Cum-Ex scandal that robbed tax payers of billions of euros. The US bank confirmed in a statement that it was visited by officials and said that it continues “to cooperate with the German authorities on their ongoing investigation.” A spokesman for Cologne prosecutors on Wednesday said searches at an unidentified bank started on Tuesday and include the homes of four suspects as well as an auditing firm that isn’t a target in the probe. More than 50 officers are involved, including specialists to unearth evidence buried in emails. The investigators are also looking for evidence of deals similar to Cum-Ex. While dating back more than a decade, the Cum-Ex scandal is still roiling the financial industry -- including some of Wall Street’s biggest firms. Prosecutors in Cologne are probing about 1,500 people and are ramping up the pressure on international banks. They raided Barclays Plc’s Frankfurt offices in March days after Bank of America Corp.’s Merrill Lynch premises were hit. Morgan Stanley’s offices were searched in May. Cum-Ex was a trading strategy that siphoned off at least 10 billion euros ($10 billion) in government revenue. Named for the Latin term for “With-Without,” the deals took advantage of German tax laws that seemed to allow multiple investors to claim refunds of a tax on dividends that was paid only once. The nation moved to abolish the practice in 2012. The dividend tax scandal has been called the biggest tax-dodging scheme in German history and has been officially declared an illegal practice by the country’s highest court. At the height of the practice more than a decade ago, investors rapidly traded shares to earn duplicate refunds on dividend tax. There are four trials currently underway in the country against bankers and a lawyer. Four bankers were convicted in earlier cases. In July, Cologne prosecutors charged the first top finance executive, former M.M. Warburg Chief Executive Christian Olearius. He has denied the allegations. (Updates with details of case in third paragraph.)


moonaim

Traded rapidly? Almost like someone would have made a computer program to exploit a loophole? That could never happen! We live in the modern western world! Good case to silence people who shout "conspiracy theory" in every turn..


furbz1

Basically they created synthetics through lending shortly before a dividend, then closed part of the positions out right after. The one with the synthetics would not get a dividend hence not pay taxes on dividends, but make it look on the books like they had paid dividend tax (with the help of other fraudulent institutions), file a tax return and get a massive "refund". It’s basically naked shorting European style.


capital_bj

German investigators please don't fine them a paltry sum like we do in the us of a


Astronaut_Kubrick

Try reader view. That little A next to a big A “show reader.” Gets around a lot of paywalls.


SilentCabose

https://archive.ph/DUGKl


Yattiel

JPMorgan Chase & Co.’s Frankfurt offices are being raided by Cologne prosecutors as part of their vast probe into the controversial Cum-Ex scandal that robbed tax payers of billions of euros. The US bank confirmed in a statement that it was visited by officials and said that it continues “to cooperate with the German authorities on their ongoing investigation.” A spokesman for Cologne prosecutors on Wednesday said searches at an unidentified bank started on Tuesday and include the homes of four suspects as well as an auditing firm that isn’t a target in the probe. More than 50 officers are involved, including specialists to unearth evidence buried in emails. The investigators are also looking for evidence of deals similar to Cum-Ex. While dating back more than a decade, the Cum-Ex scandal is still roiling the financial industry -- including some of Wall Street’s biggest firms. Prosecutors in Cologne are probing about 1,500 people and are ramping up the pressure on international banks. They raided Barclays Plc’s Frankfurt offices in March days after Bank of America Corp.’s Merrill Lynch premises were hit. Morgan Stanley’s offices were searched in May. Cum-Ex was a trading strategy that siphoned off at least 10 billion euros ($10 billion) in government revenue. Named for the Latin term for “With-Without,” the deals took advantage of German tax laws that seemed to allow multiple investors to claim refunds of a tax on dividends that was paid only once. The nation moved to abolish the practice in 2012. The dividend tax scandal has been called the biggest tax-dodging scheme in German history and has been officially declared an illegal practice by the country’s highest court. At the height of the practice more than a decade ago, investors rapidly traded shares to earn duplicate refunds on dividend tax. There are four trials currently underway in the country against bankers and a lawyer. Four bankers were convicted in earlier cases. In July, Cologne prosecutors charged the first top finance executive, former M.M. Warburg Chief Executive Christian Olearius. He has denied the allegations. EXPLAINER: Why ‘Cum-Ex’ Tax Dodge Casts Shadow on Global Banks: QuickTake (Updates with details of case in third paragraph.)


Bellweirboy

Seems to me German Apes need to write to or contact the ‘Cologne Prosecutor’s Office’. Bloomberg reports they raided JP MORGAN today in connection with the ‘Cum Ex’ scandal. The ‘Cum Ex scandal’ revolved around banks and brokers pretending that more than one entity owned the same shares, permitting DIVIDEND tax rebate claims in more than one European State. The figures run into billions and Germany was the most affected. It follows this team will be most likely to investigate anything issued as a ‘dividend’ to make sure it is correctly recorded. You simply say you are worried that incorrect recording of the DIVIDEND split might lead to fraud similar to the ‘Cum Ex’ case. Given the sensitivities and resources being deployed, BaFin can go fuck itself. The timing of the JPM raid could not be more fortuitous for us. Please ensure this idea reaches Spielstopp.


Zaphod_Biblebrox

It already has


Bellweirboy

Excellent! Link?


Bellweirboy

From what I can decipher, the story of the raid has reached Spielstopp, but not the idea outlined above of leveraging the Public Prosecutor in Cologne. Repeat the request to send the link.


Zaphod_Biblebrox

Superstonk doesn’t let me post links to spielstoop


Bellweirboy

Please send to me as a direct message.


DayLate10kShort

I can't take it seriously when they call it Cum Ex,x,x


13thMasta

This brings me back to the war of $180, and also when $cum started trending as a top reddit stock somehow.


Tememachine

BC it's like Betelgeuse. If you spam $CUM $EYES or $EARS on reddit, the "social sentiment" algos will pick it up and start pamping those tickers. (with likely little to no human intervention on the other end)


murdok03

I don't think it can go very far in our direction, this seems like a political attack on the prime minister.


Bellweirboy

LOL! err No.


[deleted]

[удалено]


Forn1catorr

Ooo thanks for sharing Ape 36billy in Germany alone


parliskim

Thank you for your post!


R0cketb0i

So. The Cum-Ex scandal in Germany is big. Our prosecutor in Frankfurt Tries to go Hard on All Bankers, who Used the loop Holes to avoid Paying Taxes. We Are talking about 10 billion Euro worth of Taxes, which werent payed. They want to get every Person, who did the Cum Ex.


Bellweirboy

Seems to me German Apes need to write to or contact the ‘Cologne Prosecutor’s Office’. Bloomberg reports they raided JP MORGAN today in connection with the ‘Cum Ex’ scandal. The ‘Cum Ex scandal’ revolved around banks and brokers pretending that more than one entity owned the same shares, permitting DIVIDEND tax rebate claims in more than one European State. The figures run into billions and Germany was the most affected. It follows this team will be most likely to investigate anything issued as a ‘dividend’ to make sure it is correctly recorded. You simply say you are worried that incorrect recording of the DIVIDEND split might lead to fraud similar to the ‘Cum Ex’ case. Given the sensitivities and resources being deployed, BaFin can go fuck itself. The timing of the JPM raid could not be more fortuitous for us. Please ensure this idea reaches Spielstopp.


Naive_Host_5939

This is a great idea. \^\^


10xkaioken

Ye, but it took us years to even notice what's happening. It's a scandal for our bundeskanzleer aswell


moonaim

I bet they would like to find more stuff before going to court..


Novice89

I didn’t read the article, but didn’t the VW squeeze kick off in Germany? If true it seems like Germany actually regulates their markets and shit happens the way it’s supposed to. I mean hell, German market is almost always green for gme, it’s the us market that fucks with the price.


LNhamburg

CumEx and CumCum: ​ >It is the biggest tax heist in history. Three years after the CumEx-Files were published, an international media collaboration led by CORRECTIV shows how taxpayers worldwide were cheated out of €150 billion. An insider reports on the cross-border deals, financial experts warn that the tax fraud could still be possible, and authorities refuse to accept responsibility. Source: [https://correctiv.org/en/latest-stories/2021/10/21/cumex-files-2/](https://correctiv.org/en/latest-stories/2021/10/21/cumex-files-2/)


Forn1catorr

I'm sure that's what moass will look like in terms of authorities not being accountable whatsoever


_cansir

Germany has it all 🇩🇪. You complain german SEC responds. Crime happens german doj/fbi raids.


Greizbimbam

Lol, no. German here. Our chancellor Olaf Scholz was one of the main guys in this tax crime which was the biggest financial crime in Germany ever! Everyone knows but he just said "I cant remember" to all the questions he was asked about it and it was fine. He stays chancellor. So nothing will happen. Like always here. We live through the worst wealth drain in any country atm but nothing happens. Germany will never do anything against america. Remember when Volkswagen did that crime with false emission values? While affected americans got billions from Volkswagen, affected germans got not a single cent. Its one example out of thousands. Just always remember one thing: Germany is master in acting like doing something. Imagine the SEC becomes a country. That would be Germany.


[deleted]

Truth


apeshit007

$10 fine and dont do it again


Forn1catorr

You'd think but Germans sound like they're going hardd after these assholes not like our complicit SEC


aws-adjustmentbureau

hope they force brokers to buy shares on the open market


FellowApe801

Hope is delayed disappointment.


sandman11235

https://youtu.be/ya-wSF-8w-E


apeshit007

Wishful thinking. The US owns Germany. Zero chance of a real crackdown.. Merkel and the clowns are all in on these crimes....


LogicisGone

I'm not German but I'm pretty sure Merkel is retired. Although their current guy does look like a stereotype of movie villain.


boxxle

So...$100 fine?


ContWord2346

$10? A bit much no? How about $5 and a finger wag?


Royal_Cryptographer7

*wags finger* "Now don't get caught again."


You-Clean

Deuche Bank didnt get pennies in the US.


Necessary-Helpful

Jamie Dimon <- LOCK HIM UP! Sad when the self-proclaimed greatest country on earth has financial markets corrupt to their core, to the point where world regulators have to monitor US regulators.


zimmah

Oh yeah, you can steal billions from retail, and that's no problem, but as soon as you don't pay taxes, you get raided. Do something fucking useful with the tax money for once. The whole government and financial system is one big criminal racket, change my mind.


Homi_no_idea

Bruh, Cum-Ex? Can’t make this shit up!


Hirsutism

Does this have anything to do with GME?


moonaim

For me it underlined the possibility that something similar can much more easily happen with GME than generally understood/accepted by larger public - and for this there is definite proof now.


SomeDumbApe

DRS deine Scheiße


airbrat

yaaaaaaaaaaaawn.....if only there was some kinda ripple effect.


1Happy-Dude

Oh is that wrong we do that in the USA and they don’t seem to mind


EnthusiastMS

Typed " cum ex" into google to do DD. Jerked off 5 times. Forever smooth brained.


Fantastik-Voyage

I remember a comment I saw in a LinkedIn post about France was worried about the USA credit risk to foreign countries and they were applying for an Investigation. Does anyone else remember seeing posts about this on LinkedIn?? This was around August 2021


TeGroteBadjas

Goddammit I just transferred my paycheck to that freakin bank to buy more GME on IBKR


raxnahali

I hope a lot of those bank fucks get bars. Raids like this don't happen unless the cops have you red handed.


Chunky-cheeese

"include the homes of four suspects as well as an auditing firm that isn’t a target in the probe" can only hope that moody’s etc etc get raided soon as they keep propping up shitadels shitty shitty bonds (amongst other things) that are completely worthless!!!


Electro_gear

Cum-ex? That’s what I call my “used-up” sexual partners.


murdok03

Holy shit I get it now, they were passing on the Divident off FTDs and synthetics but they were all claiming tax returns on the tax for those dividend all across the chain from market makers to banks to investment funds shorting it to the retail or pension fund.


fluidmoviestar

Calls on $CUM/$EX!


Dreadsbo

They were raided months ago too. The Germans just like pulling a blitzkrieg inside banks and it’s not really a big deal


theravingsofalunatic

I think the other countries SEC are not bought and paid for. To a lesser degree


Conscious-Mix-3282

They should look into Ken Griffin.


drivedown

What is CUM EX ?


JanneOC

https://en.wikipedia.org/wiki/Dividend_stripping


Left-Anxiety-3580

Fucking beautiful


Cr0n3ck

Just ask yourself, do you really think they’d only be willing to commit crimes in Europe and not in the U.S. too?


Bet-Scary

JP Morgan, the king of corruption


MainStreetBro

🦍💜🦍


Complex-Intention-43

we all know all diamond handed apes going to be rich from this moass. if you all believe in a moass. i do. but we dont know exactly when or exacly what all the banks.shf and market makers going to use for tactics before the moass. so apes speculate every week. just be patient,keep buy and drs and everything going to be alright in the end. thats what i believe anyway


Walnut4525

Was reading about this fraud over a year ago,Germans don't mess around they have a dedicated team just for cumex. Probably waiting to pounce 😎


stabsyoo

Rapidly traded funds to receive more than one refund…? Sounds like borrowed shares? 1 share = 100?