German tax fraud mastermind handed further 8-year jail sentence

He has been the most high profile professional to be convicted after sprawling investigations into the cum-ex dividend stripping scheme, which some experts estimate has cost German taxpayers around 10 billion euros ($11.01 billion). ($1 = 0.9084 euros)

Hanno Berger, a former tax inspector turned legal tax expert, was sentenced on Tuesday to eight years and three months in jail by a court in Wiesbaden, as the nation comes to terms with one of its biggest post-war frauds.

Berger had already been sentenced to eight years in jail in December after a similar trial. He has been the most high profile professional to be convicted after sprawling investigations into the cum-ex dividend stripping scheme, which some experts estimate has cost German taxpayers around 10 billion euros ($11.01 billion). ($1 = 0.9084 euros)