Banker tells German fraud trial he made millions from 'astronomical' trades
Share:
BONN (Reuters) - A British investment banker at the centre of Germany's biggest fraud trial told judges on Thursday he earned millions of euros from deals involving "astronomical" trades that prosecutors say were a means to make bogus tax reclaims.Martin Shields, a former investment banker, said the trading, known as cum ex, thrived between 2005 and 2012, as investors from around the globe made multi-billion-euro trades on German companies. That allowed them generate multiple tax reclaims.The..