Hedge Fund Trader Faces Extradition to Belgium Over Cum-Ex (1)

A veteran trader with links to Cum-Ex “mastermind” Sanjay Shah faces extradition to Belgium as criminal probes related to the controversial tax strategy expand throughout Europe.

Guenther Klar, who previously worked for Shah’s Solo Capital hedge fund, is being sought for questioning by Belgian prosecutors as part of an investigation into Cum-Ex trading. A London judge is scheduled to rule on the request Thursday.

At least three countries, Belgium, Denmark and Germany, are seeking the extradition of London financial professionals related to Cum-Ex strategies. Prosecutors say investors illegally made billions of euros by rapidly trading shares to obtain multiple refunds ...