Misplaced Pages

Draft:Luke McGee Cum-Ex: Difference between revisions

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
Browse history interactively← Previous editNext edit →Content deleted Content addedVisualWikitext
Revision as of 22:44, 28 December 2024 editGoingBatty (talk | contribs)Autopatrolled, Extended confirmed users, IP block exemptions, Pending changes reviewers, Rollbackers639,555 edits copyeditingTag: Visual edit← Previous edit Revision as of 02:47, 29 December 2024 edit undoDiscospinster (talk | contribs)Administrators464,776 edits AFC draftTag: moveToDraftNext edit →
(2 intermediate revisions by 2 users not shown)
Line 1: Line 1:
{{Draft article}}
{{Orphan|date=December 2024}} {{Orphan|date=December 2024}}


Line 19: Line 20:
* *



⚫ {{Uncategorized|date=December 2024}}

{{Draft categories|
]
]
]
]
]
}}

⚫ {{Drafts moved from mainspace|date=December 2024}}

Revision as of 02:47, 29 December 2024

This is a draft article. It is a work in progress open to editing by anyone. Please ensure core content policies are met before publishing it as a live Misplaced Pages article.

Find sources: Google (books · news · scholar · free images · WP refs) · FENS · JSTOR · TWL
Easy tools: Citation bot (help) | Advanced: Fix bare URLs · Article logs · Draft logs.

Last edited by Discospinster (talk | contribs) 5 days ago. (Update) Finished drafting? Submit for review or Publish now


Luke Beneville McGee is an American implicated in one of the largest tax fraud schemes in Denmark involving the Cum-Ex strategy. McGee, alongside Matthew Richard Stein and Jerome Lhote, managed to exploit tax systems by claiming double refunds on dividend taxes, leading to significant financial losses for the Danish government.

Background

McGee initially collaborated with Sanjay Shah, a key figure in the Cum-Ex fraud, before branching out to establish his own fraudulent operation. His business connections include Alan Quasha, a notable investor, which suggests a broader network of influence and financial support.

Role in Cum-Ex fraud

  • North Channel Bank: McGee was one of the owners of North Channel Bank in Germany, which was instrumental in executing the fraud by processing these illegal tax claims. This bank later faced bankruptcy, leaving Denmark with claims against its assets.
  • Choice Bank in Belize: He was also linked to Choice Bank, known for handling transactions for the porn industry among other questionable financial activities, which raised flags for money laundering.

Legal and financial consequences

McGee, along with his accomplices, entered into a settlement with the Danish Tax Agency to repay some of the fraudulently obtained funds. However, the total amount owed remains significant, with ongoing legal actions aimed at recovering further losses. There's a potential for McGee to face up to 12 years in prison if convicted of his role in this scheme.

References

  1. ^ "Nu er milliardær sagsøgt: Her er alle hovedpersonerne i jagten på de forsvundne milliarder". DR (in Danish). 2024-08-27. {{cite news}}: |access-date= requires |url= (help)
  2. "Præsidenternes pengemand har tæt forbindelse til tiltalte i danmarkshistoriens største svindelsag". DR (in Danish). 2021-10-25. {{cite news}}: |access-date= requires |url= (help)

External links


This page will be placed in the following categories if it is moved to the article namespace.Categories:

Category: