German Cum-Ex Mastermind Sentenced to Eight Years in Prison (3)

Hanno Berger, a German lawyer dubbed the “mastermind” of Cum-Ex, received a second conviction for his part in a tax scandal that’s robbed billions of euros from government coffers and embroiled some of Wall Street’s biggest names.

Berger, 72, was sentenced to eight years and three months in prison by a Wiesbaden court on Tuesday. Berger has been on trial for his role in Cum-Ex deals that allegedly caused a tax loss of €113 million ($121 million). The court also ordered Berger to pay just over €1 million in compensation.

Frankfurt prosecutors, who brought the charges, had asked the ...