Archive · 23 Jul 2026

Swiss Court Orders Fresh Ruling in Cum-Ex Fraud Case

Swiss Court Orders Fresh Ruling in Cum-Ex Fraud Case

A Swiss court has decided to re-examine a case involving three men who were accused of breaking bank secrecy laws.

These men had leaked information that helped uncover a huge tax fraud scheme called cum-ex, which cost the German government up to €12 billion.

The lower court had dropped the case because it took too long and there were concerns about bias, but the higher court said these reasons weren't good enough to stop the case.

The men, including a lawyer named Eckart Seith, say they were trying to expose wrongdoing, but Swiss laws make it illegal to share bank secrets, even if it's to reveal crimes.

Sources