1 00:00:00,033 --> 00:00:02,446 Nowak rejected the refund. 2 00:00:02,526 --> 00:00:04,326 Do cum-ex deals mean anything to you? 3 00:00:04,406 --> 00:00:07,126 We cannot prove otherwise. 4 00:00:07,206 --> 00:00:08,966 That's immoral. 5 00:00:09,046 --> 00:00:12,966 Just fill out this form and stamp it. 6 00:00:13,046 --> 00:00:15,566 Selin In vest. That's us? Yes. 7 00:00:16,806 --> 00:00:18,086 Data entered 8 00:00:18,166 --> 00:00:22,326 Selin In vest doesn't even come eligible for refund. 9 00:00:22,406 --> 00:00:24,886 I'm in complete shock. 10 00:00:24,966 --> 00:00:27,766 Hello, Niels. I got your name from reception. 11 00:00:27,846 --> 00:00:28,846 Who are you? 12 00:00:28,926 --> 00:00:32,526 I'm the lead prosecutor in the case against your company. 13 00:00:32,606 --> 00:00:35,526 Herr Hausner will be there any moment. 14 00:00:51,766 --> 00:00:56,046 I often think about Stauffenberg now and on July 20. 15 00:00:56,686 --> 00:01:00,166 How the Gestapo made a clean sweep, the house searches... 16 00:01:00,246 --> 00:01:02,646 and the persecution of dissenters. 17 00:01:02,726 --> 00:01:06,806 I think of Nazi judge Freisler. Who sentenced arbitrarily. 18 00:01:06,886 --> 00:01:10,886 Germany is heading in that direction again. -But now it's left-wing fascism. 19 00:01:10,966 --> 00:01:13,086 That prosecutor from Cologne... 20 00:01:13,166 --> 00:01:16,766 that gray mouse, I see it as the current Freisler. 21 00:01:17,366 --> 00:01:22,646 She calls herself a prosecutor. Which justice, I would like to know. 22 00:01:22,726 --> 00:01:24,606 She runs that whole gang. 23 00:01:24,686 --> 00:01:26,766 “These are Nazi tactics. 24 00:01:26,846 --> 00:01:30,766 Birkwald, that bitch. That damn Nazi bitch.” 25 00:01:35,366 --> 00:01:36,966 Thank you. 26 00:01:55,286 --> 00:01:58,206 Here, their first phone conversation since the raid. 27 00:01:58,286 --> 00:02:02,006 Nice. We're still waiting for Tränker. -Tränker of all people. 28 00:02:02,086 --> 00:02:05,246 Yes, I know. He was the only one who had time. 29 00:02:06,126 --> 00:02:08,966 Good morning. -Good morning, Mr. Tränker. 30 00:02:09,046 --> 00:02:12,913 No idea what's good about it. But I'd like to hear that from you. 31 00:02:13,206 --> 00:02:15,246 Sven? Do you understand me? 32 00:02:16,166 --> 00:02:19,686 Yes, I hear you. -How are you? 33 00:02:20,406 --> 00:02:24,366 Where are you? Where were you? -What do you mean? In Switzerland, of course. 34 00:02:24,446 --> 00:02:27,246 I'm having some problems with my SIM card. 35 00:02:27,886 --> 00:02:31,606 And my emails? I was alone during their raid. 36 00:02:31,686 --> 00:02:34,926 Who would have thought that they would go crazy like that. 37 00:02:36,166 --> 00:02:40,406 When are you coming to Frankfurt? -Not. They pick me up at the border. 38 00:02:40,486 --> 00:02:43,366 They think I'm the big boss. 39 00:02:46,526 --> 00:02:49,686 Also move to Switzerland. -What about the company? 40 00:02:49,766 --> 00:02:52,206 Oh well, companies come and go. 41 00:02:54,566 --> 00:02:56,966 Have you heard from that Indian? 42 00:02:57,766 --> 00:02:59,846 What he does in Denmark... 43 00:02:59,926 --> 00:03:04,686 He got a banking license and can print its own applications. 44 00:03:04,766 --> 00:03:06,926 That's just obscene. 45 00:03:08,926 --> 00:03:13,526 You can always call me for help. I'm always there for you. 46 00:03:23,486 --> 00:03:24,606 The Indian? 47 00:03:24,686 --> 00:03:27,366 An investment banker who knows Lebert. 48 00:03:27,446 --> 00:03:32,286 His name is Syed Akram. He has a firm in London: Lone Capital. 49 00:03:32,806 --> 00:03:37,206 He's from Pakistan, some Hausner and Lebert may not know. 50 00:03:39,046 --> 00:03:44,726 Do you need more documents? -No, not at the moment. 51 00:03:44,806 --> 00:03:48,726 It's no problem for American retirees. 52 00:03:48,806 --> 00:03:52,166 You really own it of the shares, but sometimes... 53 00:03:52,686 --> 00:03:57,006 fraud is committed. -Fraud? 54 00:03:57,086 --> 00:04:00,246 There's my boss. This is Inger Brogger. 55 00:04:00,326 --> 00:04:03,846 Hello. -Hello. And you are... 56 00:04:04,926 --> 00:04:08,886 Just an employee of retired Americans. 57 00:04:08,966 --> 00:04:13,886 I'm also retiring soon. -No, you're kidding. 58 00:04:13,966 --> 00:04:16,886 At what age do people retire here? 59 00:04:16,966 --> 00:04:21,166 With an age when you don't trying to look younger. 60 00:04:22,486 --> 00:04:26,086 I would like to stay, but I have to catch my flight. 61 00:04:26,166 --> 00:04:29,046 Okay. Syed. I'll call a taxi for you. 62 00:04:29,126 --> 00:04:33,966 No, by taxi going to the airport is pointless. 63 00:04:34,046 --> 00:04:38,446 I have to go to an appointment anyway in downtown Copenhagen. 64 00:04:42,686 --> 00:04:45,406 Which pension funds do you work for? 65 00:04:45,486 --> 00:04:47,326 Nothing spectacular. 66 00:04:47,406 --> 00:04:51,166 A fund for firefighters and one for Jewish rabbis. 67 00:04:51,246 --> 00:04:54,646 And they prefer to invest in Danish shares? 68 00:04:54,726 --> 00:04:57,993 Danish companies have an excellent reputation. 69 00:05:02,646 --> 00:05:05,846 Do you know the Little Mermaid? -Yes, of course. 70 00:05:06,606 --> 00:05:10,086 I love it that she turns into foam. 71 00:05:10,166 --> 00:05:15,446 Yes, first in foam. And then she becomes an air spirit. 72 00:05:15,526 --> 00:05:20,526 I don't understand why the writer did not leave her foam. 73 00:05:21,206 --> 00:05:24,326 That's much more interesting than air. 74 00:05:24,406 --> 00:05:29,406 Well, I think the fairy tale is very beautiful as it is now. 75 00:05:29,486 --> 00:05:32,446 Yes, but air is only one thing... 76 00:05:32,526 --> 00:05:35,526 and foam are two things. Do you understand? 77 00:05:35,606 --> 00:05:39,606 Water and air in one. 78 00:05:42,246 --> 00:05:46,086 Well, thank you very much for the lift. -Yes. Don't mention it. 79 00:05:46,166 --> 00:05:48,006 Have a nice day. -You too. 80 00:06:16,606 --> 00:06:19,606 Society club Copenhagen 81 00:06:19,686 --> 00:06:24,726 Are you counting the days until retirement? -Just a few more months to go. 82 00:06:25,406 --> 00:06:29,139 It happens to all of us. -Are you afraid of your pension? 83 00:06:29,446 --> 00:06:31,486 Yes, sometimes. 84 00:06:33,806 --> 00:06:40,206 Per. You don't know how happy I am that I got the bill passed. 85 00:06:40,286 --> 00:06:42,766 A party if it is accepted? 86 00:06:42,846 --> 00:06:46,246 Christian and I had bought a Chateau Latour. 87 00:06:46,326 --> 00:06:48,006 A few years before his death. 88 00:06:48,086 --> 00:06:51,806 But the day to open the bottle had not yet arrived. 89 00:06:53,246 --> 00:06:57,086 I'm going to put on some music and enjoy that wine. 90 00:06:57,606 --> 00:07:00,206 In peace, all alone. 91 00:07:00,286 --> 00:07:02,726 That sounds like a good idea. 92 00:07:04,086 --> 00:07:05,926 Have a nice evening. 93 00:07:08,606 --> 00:07:10,086 Where is this going? 94 00:07:10,806 --> 00:07:13,446 Complicity in tax evasion... 95 00:07:13,526 --> 00:07:18,086 and systematic fraud. In accordance with Article 370 AO. 96 00:07:18,166 --> 00:07:21,686 263-53, 25, 27 of the Criminal Code. 97 00:07:21,766 --> 00:07:25,366 Through stock trading around the cum and ex-dividend date. 98 00:07:25,446 --> 00:07:27,166 How do you want to prove that? 99 00:07:28,526 --> 00:07:31,006 Agreements with the short sellers. 100 00:07:32,726 --> 00:07:36,286 That's a needle in a haystack. I have read the emails. 101 00:07:36,366 --> 00:07:40,726 They knew someone once that needle would go looking for. 102 00:07:42,406 --> 00:07:44,686 Should I wait outside? -One minute? 103 00:07:49,606 --> 00:07:53,406 Friendship at work I think it's overrated. 104 00:07:53,486 --> 00:07:57,886 You don't have to like me, but I expect you to do what is necessary. 105 00:08:06,126 --> 00:08:07,646 Robert? 106 00:08:16,926 --> 00:08:19,006 Okay, here we go. 107 00:08:19,086 --> 00:08:21,406 Where are we? -Q12. 108 00:08:24,606 --> 00:08:29,326 Like a bigwig like Hausner you offend. that's a compliment. 109 00:08:31,126 --> 00:08:35,166 I know he's furious because I did my job well. 110 00:08:35,246 --> 00:08:37,126 Yet it eats away at you... 111 00:08:37,206 --> 00:08:40,406 if someone you for twenty minutes calls a Nazi bitch. 112 00:08:40,486 --> 00:08:44,646 Nazi bitch? Why that? -He sees himself as Stauffenberg... 113 00:08:44,726 --> 00:08:47,526 and me as a modern Roland Freisler. 114 00:08:47,606 --> 00:08:51,006 But you are my favorite Roland. 115 00:08:54,086 --> 00:09:00,166 How much money is involved? -At 57 million plus some. 116 00:09:01,006 --> 00:09:05,966 I can imagine one million. At ten million it starts to get blurry. 117 00:09:06,046 --> 00:09:08,566 But 57 million is crazy. 118 00:09:09,366 --> 00:09:11,286 Do you see anything? -No. 119 00:09:12,606 --> 00:09:15,686 Imagine that you work as a mover. 120 00:09:15,766 --> 00:09:19,086 With some luck you earn ten euros per hour. 121 00:09:19,166 --> 00:09:22,806 If you work ten hours a day. What doesn't work... 122 00:09:22,886 --> 00:09:25,606 But that's easier to calculate. -Precisely. 123 00:09:25,686 --> 00:09:29,686 Then you get one hundred euros a day. Then you have to... 124 00:09:29,766 --> 00:09:33,286 Then you would have 570,000 days have to work... 125 00:09:33,366 --> 00:09:38,126 to earn 57 million. How many years is 570,000 days? 126 00:09:39,566 --> 00:09:41,166 1500 years. 127 00:09:41,246 --> 00:09:45,766 But you still have to pay taxes and you also need some time off sometimes. 128 00:09:45,846 --> 00:09:49,886 So let's say 2000 years. You have to work for 2000 years. 129 00:09:50,646 --> 00:09:55,406 Like Jesus from birth started lugging furniture around... 130 00:09:55,486 --> 00:09:58,886 Jesus Christ? 131 00:09:59,886 --> 00:10:04,246 If he hadn't died, but had worked all these centuries... 132 00:10:04,326 --> 00:10:07,006 he would now have 57 million. 133 00:10:08,846 --> 00:10:13,606 You startle the tawny owls. We're supposed to count them, not chase them away. 134 00:10:22,886 --> 00:10:24,446 Don't know. 135 00:10:26,846 --> 00:10:30,886 You would land in a dozen at banks, law firms... 136 00:10:30,966 --> 00:10:34,166 and private individuals to raid at the same time. 137 00:10:34,246 --> 00:10:38,779 So that no one can find evidence destroy. Netherlands, England... 138 00:10:39,246 --> 00:10:43,206 Switzerland. Malta, Luxembourg. The Cayman Islands. 139 00:10:47,846 --> 00:10:50,206 I can't just determine that. 140 00:10:51,726 --> 00:10:53,926 Then I have to go to Eurojust in The Hague... 141 00:10:54,006 --> 00:10:59,126 and persuade all prosecutors to provide support. 142 00:11:06,046 --> 00:11:08,606 Niels, there is no stamp on this. 143 00:11:08,686 --> 00:11:11,806 What is that? -Selin In vest. 144 00:11:11,886 --> 00:11:16,366 There is no stamp on the application. He didn't come by email either. 145 00:11:16,446 --> 00:11:18,286 You should hear it. 146 00:11:18,966 --> 00:11:21,206 Could it be... 147 00:11:21,286 --> 00:11:26,326 that someone from another department submitted this application here? 148 00:11:26,406 --> 00:11:30,206 Lots of people walk past here. -Call them now. 149 00:11:30,286 --> 00:11:33,126 Who? -The Dominican Republic. 150 00:11:33,886 --> 00:11:37,606 It's the middle of the night there now. -No, five hours earlier. 151 00:11:37,686 --> 00:11:41,366 It must be 10:20 there now. 152 00:11:41,446 --> 00:11:44,206 In the morning. Come on. go call them. 153 00:11:47,286 --> 00:11:50,286 Do you want me to put it on speaker? -Naturally. 154 00:12:01,526 --> 00:12:03,966 Here we go. 155 00:12:04,046 --> 00:12:06,486 Bank Dominican Republic. With José. 156 00:12:06,566 --> 00:12:09,726 Yes. Hello. My name is Niels Jensen... 157 00:12:09,806 --> 00:12:13,806 and I'm calling from Denmark on behalf of the tax authorities. 158 00:12:13,886 --> 00:12:19,606 Is there someone responsible for you? for the refund requests... 159 00:12:19,686 --> 00:12:22,886 of capital gains tax on Danish shares? 160 00:12:22,966 --> 00:12:27,606 I'm alone. We are a small bank. -Ask him about Selin In vest. 161 00:12:28,566 --> 00:12:30,926 Do I really have to do that? -Naturally. 162 00:12:31,006 --> 00:12:35,926 Hello? -Yes. It concerns one company. We... 163 00:12:37,006 --> 00:12:40,726 Do you know Sea Line In vest? 164 00:12:41,566 --> 00:12:43,086 Just a moment. 165 00:12:52,086 --> 00:12:55,846 Yes. No, we have here no Sea Line In vest. 166 00:12:56,606 --> 00:13:00,886 Okay. thank you very much. -Guard. I can spell it for you. 167 00:13:00,966 --> 00:13:04,406 S-e-l-i-in. 168 00:13:04,486 --> 00:13:06,846 Oh okay. Just a moment. 169 00:13:12,686 --> 00:13:16,966 Yes. we have Selin In vest. I see it on my computer. 170 00:13:17,046 --> 00:13:21,126 Okay. You know too where the company is registered? 171 00:13:21,206 --> 00:13:22,806 Just a moment. 172 00:13:24,846 --> 00:13:29,326 Yes, I see it. The company is registered in Lithuania. 173 00:13:29,406 --> 00:13:33,526 You can also see who is behind this company? 174 00:13:33,606 --> 00:13:37,646 No, that's private information. -Oh yes. 175 00:13:37,726 --> 00:13:41,246 Okay. Thank you very much for this. 176 00:13:45,326 --> 00:13:48,726 Lithuania? What a strange connection. 177 00:13:49,646 --> 00:13:52,446 Right? -Hard to say. 178 00:13:52,526 --> 00:13:56,286 We need to get to the bottom of this. 179 00:13:57,446 --> 00:14:00,166 See you tonight. Niels. -This evening? 180 00:14:01,846 --> 00:14:03,646 Yes, for dinner. 181 00:14:04,566 --> 00:14:08,926 You invited me to to see your new flat in Malmö. 182 00:14:09,326 --> 00:14:11,086 See you later then. -Yes. 183 00:14:11,726 --> 00:14:14,806 I'm looking forward to it. -Yes... 184 00:14:28,166 --> 00:14:31,046 Eight? -Eight. 185 00:14:31,126 --> 00:14:35,126 And these are only the cases in 2011 which I could find immediately. 186 00:14:35,206 --> 00:14:38,326 Have those eight just as big as our business? 187 00:14:38,406 --> 00:14:41,326 Yes, all around fifty and with the same trick. 188 00:14:41,406 --> 00:14:44,766 Pension funds as a cover for. cum-ex-deals. 189 00:14:44,846 --> 00:14:48,713 Is Hausner. Lebert and Associates involved in all those things? 190 00:14:51,046 --> 00:14:56,006 Fraud tactics spread quickly. Something like that is immediately imitated. 191 00:14:56,406 --> 00:14:58,926 But it is definitely at the forefront. 192 00:14:59,006 --> 00:15:03,926 What is the amount involved now? in total? Half a billion? 193 00:15:04,886 --> 00:15:06,486 Something like that. Yes. 194 00:15:06,566 --> 00:15:12,846 And it's probably just that the tip of the iceberg. 195 00:15:14,566 --> 00:15:19,086 How could so many famous ones tax advisors and professors... 196 00:15:19,166 --> 00:15:21,166 who defend cum-ex deals? 197 00:15:21,926 --> 00:15:25,126 Lindemann, Höpfner, von Horen. Even Lietzenburg. 198 00:15:25,206 --> 00:15:28,846 And she is still the head from the Financial Academy. 199 00:15:29,726 --> 00:15:35,006 And also all the major law firms. -And often in the same words. 200 00:15:35,086 --> 00:15:37,046 Almost identical wording. 201 00:15:37,126 --> 00:15:39,926 There are more corrupt people than you think. 202 00:15:41,006 --> 00:15:43,846 Not you? -No. I don't. 203 00:15:51,846 --> 00:15:53,726 Hello. -Hello. 204 00:15:55,286 --> 00:15:58,686 Let me guess. The Association van Banken said... 205 00:15:58,766 --> 00:16:01,326 that the law cannot continue... 206 00:16:01,406 --> 00:16:05,246 because of the administrative red tape for the banks. 207 00:16:05,326 --> 00:16:09,446 No. Inger. A package of laws being checked now... 208 00:16:09,526 --> 00:16:13,446 and quickly goes to parliament. That's not what it's about. 209 00:16:13,526 --> 00:16:16,446 Prosecutor Andersen would you like to ask some questions? 210 00:16:16,526 --> 00:16:19,486 A routine check revealed... 211 00:16:19,566 --> 00:16:25,526 that one of your employees received a large amount of money. 212 00:16:25,606 --> 00:16:30,766 I only have one employee left. -Yes. Niels Jensen. 213 00:16:31,446 --> 00:16:35,486 Is you lately Did you notice anything unusual about him? 214 00:16:38,006 --> 00:16:40,886 When we wanted more control... 215 00:16:40,966 --> 00:16:43,886 we didn't mean that you had to check on us. 216 00:16:43,966 --> 00:16:46,646 But we're talking about a lot of money here. 217 00:16:47,006 --> 00:16:50,966 Why don't you ask him yourself? -We'll interrogate him soon. 218 00:16:51,046 --> 00:16:54,486 I expect the utmost discretion around this research. 219 00:16:54,566 --> 00:16:56,926 Especially against Niels Jensen. 220 00:17:00,606 --> 00:17:02,486 Wasn't that Niels Jensen? 221 00:17:04,366 --> 00:17:06,766 Who was there with him? -An advisor. 222 00:17:06,846 --> 00:17:10,166 He works for US pension funds. 223 00:17:10,246 --> 00:17:13,846 That's it. Thank you. Inger. -Thank you for your time. 224 00:17:26,886 --> 00:17:30,726 I'm not good at lying. -You can do that if you have to. 225 00:17:30,806 --> 00:17:36,206 I can't stand that pressure. -Stop it, man. Look at me. 226 00:17:36,606 --> 00:17:39,446 Look at me. -This is so stupid. Not again. 227 00:17:39,526 --> 00:17:40,926 Who are you? 228 00:17:41,686 --> 00:17:43,606 Who? -Niels Kasper Jensen. 229 00:17:43,686 --> 00:17:46,566 Well done. A decent, honest civil servant. 230 00:17:46,646 --> 00:17:49,646 Yes. -Yes. What do you like to do in your spare time? 231 00:17:49,726 --> 00:17:51,566 What do you prefer to do? 232 00:17:52,446 --> 00:17:54,366 What do you do in your spare time? 233 00:17:54,446 --> 00:17:58,126 I play poker. -Good. That's right. Come. 234 00:18:05,806 --> 00:18:08,846 Malmö. Sweden 235 00:18:18,486 --> 00:18:21,926 What are you doing? -I chop the carrots finely. 236 00:18:22,006 --> 00:18:25,766 Chop the carrots? -Yes, with a very sharp knife. 237 00:18:25,846 --> 00:18:27,526 A little kiss for me? 238 00:18:28,886 --> 00:18:32,886 It's so hot here. -Is there a window open? 239 00:18:32,966 --> 00:18:36,366 Mr. Jensen. Do you have an ice cube for me? 240 00:18:36,446 --> 00:18:39,246 The big chef with the big... 241 00:18:39,846 --> 00:18:41,486 Olga, stop it. Jesus. 242 00:18:41,566 --> 00:18:45,926 Inger will be here soon. I have enough stress on my mind already. 243 00:18:46,726 --> 00:18:48,486 Stress... Okay. 244 00:18:48,926 --> 00:18:52,926 You guys really have here a beautiful apartment. Real. 245 00:18:53,006 --> 00:18:54,486 Thank you. -Thank you. 246 00:18:55,926 --> 00:18:59,646 We are also very happy with it. Still. Olga? 247 00:19:00,686 --> 00:19:04,926 Are you okay? -Yes. very okay. Coffee? 248 00:19:05,006 --> 00:19:08,166 Yes? -Yes. a cup of coffee is still okay. 249 00:19:08,246 --> 00:19:11,126 Thanks for the food. -Nothing to thank. 250 00:19:18,166 --> 00:19:21,046 Niels, I've been thinking. 251 00:19:21,126 --> 00:19:23,126 If there's anything... 252 00:19:25,006 --> 00:19:27,526 If there's anything you need... 253 00:19:28,486 --> 00:19:30,446 I don't need anything, Inger. 254 00:19:30,526 --> 00:19:34,259 I mean if you ever need someone to talk to. 255 00:19:37,846 --> 00:19:40,446 Oh. then I can come to you? -Yes. 256 00:19:40,526 --> 00:19:42,606 Yes, you can contact me. 257 00:19:46,606 --> 00:19:48,806 After all, we're friends, right? 258 00:19:49,926 --> 00:19:52,366 Sugar and milk? -Yes. 259 00:20:02,886 --> 00:20:05,246 Good morning. -Tomorrow. 260 00:20:06,206 --> 00:20:08,486 Something has come for you. 261 00:20:11,126 --> 00:20:13,286 How long have you been working here? 262 00:20:13,366 --> 00:20:16,406 I've already asked for more message boards. 263 00:20:16,486 --> 00:20:18,726 But they are currently scarce. 264 00:20:23,446 --> 00:20:25,726 From the attorneys at Hausner and Lebert. 265 00:20:25,806 --> 00:20:27,526 A love letter? 266 00:20:28,086 --> 00:20:30,646 Carloads are now moving making claims... 267 00:20:30,726 --> 00:20:33,246 that you must answer in a timely manner. 268 00:20:33,526 --> 00:20:38,406 Until it comes out of your throat or until it all expires. 269 00:20:39,526 --> 00:20:42,526 But you are probably well prepared for that. 270 00:20:44,646 --> 00:20:47,726 Can I be completely honest... 271 00:20:47,806 --> 00:20:51,166 without either of you becomes hysterical again? 272 00:20:51,246 --> 00:20:54,966 Yes. that will work. -Go ahead. 273 00:20:55,046 --> 00:20:59,006 I know how those people think because I'm that type myself. 274 00:20:59,086 --> 00:21:01,966 I am by chance ended up on the other side. 275 00:21:02,646 --> 00:21:05,286 Sorry. but when I see a woman. 276 00:21:05,366 --> 00:21:08,526 I want to fuck her or I don't take her seriously. 277 00:21:10,406 --> 00:21:14,206 Interesting. And which group do we both fall into? 278 00:21:14,286 --> 00:21:16,646 In the second. Don't take it personally. 279 00:21:16,726 --> 00:21:18,326 I see it like this. 280 00:21:18,406 --> 00:21:22,606 You have two options You can play the sex card... 281 00:21:23,566 --> 00:21:27,566 but I don't see you doing that. -Beats. I'm not that type of person. 282 00:21:27,646 --> 00:21:31,366 Or you save time by taking care of it that they don't take you seriously. 283 00:21:31,446 --> 00:21:33,726 That is much easier for you. 284 00:21:46,206 --> 00:21:47,646 Good afternoon. 285 00:22:02,606 --> 00:22:05,366 Nope. Did he really say that? 286 00:22:07,086 --> 00:22:10,366 I'll call you right back. okay? Yes, you too. 287 00:22:11,206 --> 00:22:13,846 We had anyway agreed at 3:30 pm? 288 00:22:14,286 --> 00:22:17,246 It's 3:30 PM. -What? 289 00:22:19,406 --> 00:22:21,086 How time flies. 290 00:22:22,046 --> 00:22:24,246 Is this seat available? -Yes. moment. 291 00:22:25,166 --> 00:22:28,166 Can I pour you some? Coffee becomes difficult. 292 00:22:28,246 --> 00:22:31,766 The machine is broken. He actually had that for a long time... 293 00:22:38,006 --> 00:22:40,206 There should still be a crate of water. 294 00:22:41,006 --> 00:22:45,366 How you approach our clients, defies description. 295 00:22:45,446 --> 00:22:48,206 You cannot come up with a law... 296 00:22:48,286 --> 00:22:51,366 which did not exist at all at the time. 297 00:22:52,366 --> 00:22:56,126 If I understand the documents correctly. 298 00:22:56,206 --> 00:23:00,046 To start with, there is the shareholder. 299 00:23:01,846 --> 00:23:04,366 And then we have a couch. 300 00:23:05,286 --> 00:23:08,486 And the depository bank then lends shares... 301 00:23:09,166 --> 00:23:14,046 I believe you are short sellers now confused with deposit banks. 302 00:23:16,566 --> 00:23:19,966 No, I don't believe that. -Short sellers go short. 303 00:23:21,166 --> 00:23:22,846 Yes. Yes, exactly. 304 00:23:24,806 --> 00:23:26,446 I already understand. 305 00:23:46,326 --> 00:23:48,086 Hello. -How beautiful. 306 00:23:50,246 --> 00:23:53,566 Inger? -Like this. why are you early? 307 00:23:53,646 --> 00:23:57,046 I want to tell you something before the rest get here. 308 00:23:57,126 --> 00:24:00,606 The investigation into Niels has been completed. 309 00:24:00,686 --> 00:24:04,606 In our interrogation he has our suspicions dispelled. 310 00:24:04,686 --> 00:24:09,566 The money was a loan from a friend. plus poker winnings. 311 00:24:09,646 --> 00:24:11,966 Yes, he plays a lot of poker online. 312 00:24:12,046 --> 00:24:14,846 And he's pretty good at it. -No but. 313 00:24:14,926 --> 00:24:18,606 I wanted you to know, to reassure you. 314 00:24:19,366 --> 00:24:22,406 I admit it's a relief. 315 00:24:22,486 --> 00:24:25,606 It was strange that the money came from Lithuania. 316 00:24:25,686 --> 00:24:28,646 That's what aroused our suspicions. 317 00:24:29,566 --> 00:24:31,486 Lithuania? -Yes. 318 00:24:31,566 --> 00:24:35,006 Apparently they are there very bad at poker. 319 00:25:26,686 --> 00:25:31,126 What are we doing down here? -What? 320 00:25:33,006 --> 00:25:35,446 No, don't kiss now. Come on. 321 00:25:36,166 --> 00:25:38,806 Come on. Olga. What are we doing down here? 322 00:25:40,406 --> 00:25:43,566 Come on. What is? What do you want? 323 00:25:44,926 --> 00:25:49,126 What do you want? What is? -I don't want to stand here. 324 00:25:52,846 --> 00:25:56,086 It's too... No, sorry. I want to go back. 325 00:25:59,046 --> 00:26:02,646 Day. Nice to have you there. -It was very nice. 326 00:26:03,566 --> 00:26:05,606 Inger, we're leaving too. -Yes. 327 00:26:05,686 --> 00:26:08,246 Thank you for the nice evening. Really great. 328 00:26:08,326 --> 00:26:09,806 See you soon. -Yes. 329 00:26:09,886 --> 00:26:11,526 Day. Olga. 330 00:26:15,486 --> 00:26:18,286 Yes, then I'll run away too. -Yes. 331 00:26:19,486 --> 00:26:21,286 You know. Per. 332 00:26:21,366 --> 00:26:24,966 For me it was the most beautiful of this whole evening... 333 00:26:25,046 --> 00:26:30,246 that the law has passed. So that it will be easier from now on. 334 00:26:32,846 --> 00:26:38,646 I have to tell you something about that. And that is a bit difficult. 335 00:26:38,726 --> 00:26:42,326 Because I know how much this means to you. 336 00:26:42,406 --> 00:26:45,726 That bill will not pass. -Yes, of course. 337 00:26:45,806 --> 00:26:49,326 Parliament has the package approved on Tuesday. 338 00:26:49,406 --> 00:26:53,686 Yes, the package has been accepted, but the law has been struck down. 339 00:26:53,766 --> 00:26:58,326 The Association of Banks convinced the government... 340 00:26:58,406 --> 00:27:02,646 that your law would cost thousands of jobs. 341 00:27:02,726 --> 00:27:05,646 I couldn't argue with it. 342 00:27:06,966 --> 00:27:09,886 No. I'm really, really sorry... 343 00:27:43,246 --> 00:27:44,726 Why are you here? 344 00:27:50,206 --> 00:27:52,246 What's the matter with you? 345 00:27:53,206 --> 00:27:55,486 What? There's nothing wrong with me. 346 00:27:59,326 --> 00:28:04,486 When we met each other. You were such a funny man. 347 00:28:14,446 --> 00:28:17,446 Yes. Okay. 348 00:28:23,246 --> 00:28:26,046 I... I think there is... 349 00:28:27,486 --> 00:28:30,219 There is something I would like to tell you. 350 00:28:37,006 --> 00:28:40,886 And that's Mikkel and I... 351 00:28:42,166 --> 00:28:44,966 started a company together. 352 00:28:45,046 --> 00:28:49,446 And now we have one requested a tax refund. 353 00:28:49,526 --> 00:28:51,326 Just like everyone else. 354 00:28:53,286 --> 00:28:56,966 Yes. But don't worry. Nobody finds out. 355 00:28:57,046 --> 00:28:59,406 How much did you take? 356 00:29:02,046 --> 00:29:03,766 Latvian from... 357 00:29:04,926 --> 00:29:11,933 37.3 million. 358 00:29:13,566 --> 00:29:16,766 Don't worry. It's not really stolen. 359 00:29:16,846 --> 00:29:19,526 Nobody finds out. -But... 360 00:29:19,606 --> 00:29:23,526 Sorry, darling. But have you gone completely crazy? 361 00:29:25,526 --> 00:29:29,326 I wanted us. That you would have a good life. 362 00:29:33,006 --> 00:29:36,926 Do you think I married you? for the money? Okay... 363 00:29:38,286 --> 00:29:42,366 We are now complete strangers to each other. 364 00:29:42,446 --> 00:29:44,686 What's going on here? 365 00:29:44,766 --> 00:29:48,326 I get you. Olga, sit down. They won't find out. 366 00:29:48,406 --> 00:29:54,406 I don't care if they find out come. I can already see everyone watching. 367 00:29:54,486 --> 00:29:57,366 I'm not following you. -Everyone looks at me and thinks: 368 00:29:57,446 --> 00:30:01,366 a young Serbian woman with an old Danish man. 369 00:30:01,446 --> 00:30:03,246 Don't say that. That's nonsense. 370 00:30:03,326 --> 00:30:06,646 You see me as a woman who wants money. 371 00:30:08,126 --> 00:30:10,486 I would move to a dump. 372 00:30:10,566 --> 00:30:13,766 Do you think I'm for the money married you? 373 00:30:14,126 --> 00:30:18,366 No. -Then you can fuck off. Fuck off. 374 00:30:30,806 --> 00:30:34,606 What do you say now? That all those banks and law firms... 375 00:30:34,686 --> 00:30:39,526 form a criminal network and steal millions from treasuries? 376 00:30:39,606 --> 00:30:42,006 More like billions. -Billions. 377 00:30:42,086 --> 00:30:43,526 Of course. 378 00:30:44,606 --> 00:30:49,646 Wasn't it about two lawyers? with a slightly dubious fund? 379 00:30:49,726 --> 00:30:53,406 Hausner and Lebert are important. But there are more. 380 00:30:53,486 --> 00:30:56,286 That's bullshit. Sorry. 381 00:30:56,366 --> 00:30:58,886 You can't hide such a large network. 382 00:30:58,966 --> 00:31:01,486 Someone would bring that out. 383 00:31:01,566 --> 00:31:04,646 In 2007, 2009 and 2011 Do whistleblowers... 384 00:31:04,726 --> 00:31:06,326 approached the authorities. 385 00:31:06,406 --> 00:31:10,086 Their tips are of little use or received no attention. 386 00:31:10,166 --> 00:31:14,086 Last year, journalist Fromm wrote a big article about it. 387 00:31:14,166 --> 00:31:15,726 And what now? 388 00:31:16,646 --> 00:31:20,286 We have saved time. They no longer take us seriously. 389 00:31:20,366 --> 00:31:23,326 I am no longer inundated with claims. 390 00:31:23,406 --> 00:31:25,739 Now we need more information. 391 00:31:26,206 --> 00:31:30,566 Files. contracts, statements. Notes, emails, etc. 392 00:31:30,646 --> 00:31:33,379 How do you want to obtain it? -By raids. 393 00:31:34,206 --> 00:31:38,446 And at which law firm or bank would you like to raid? 394 00:31:38,526 --> 00:31:39,966 With all of them. 395 00:31:42,726 --> 00:31:49,126 I want to ask for legal support at Eurojust in The Hague. 396 00:31:49,206 --> 00:31:53,126 How do you estimate the chances? on international support? 397 00:31:53,206 --> 00:31:54,766 Bad. 398 00:31:54,846 --> 00:31:59,126 It's already been tried and yet again Successful once: in human trafficking. 399 00:31:59,206 --> 00:32:04,966 If we get a few countries on board. May we thank God on our knees. 400 00:32:05,046 --> 00:32:10,606 I see a completely different problem. Are those deals actually illegal? 401 00:32:12,246 --> 00:32:17,606 And how do you explain that in the professional literature? claims the opposite? 402 00:32:18,046 --> 00:32:20,566 Which reports are you talking about? 403 00:32:20,646 --> 00:32:23,846 One of the largest law firms in the world. 404 00:32:23,926 --> 00:32:28,206 One of the number two and the third. decisive report... 405 00:32:28,286 --> 00:32:31,446 from the head of the Financial Academy: 406 00:32:31,526 --> 00:32:36,966 Professor Lietzenburg. -Do you mean this report? 407 00:32:37,046 --> 00:32:39,326 Yes, I believe that's it. 408 00:32:39,406 --> 00:32:42,326 On the left you will see a document... 409 00:32:42,406 --> 00:32:45,846 that we copied from a server. 410 00:32:45,926 --> 00:32:47,926 Written by Bernd Hausner. 411 00:32:48,006 --> 00:32:53,206 Lietzenburg's report is on the right. Yellow literally means adopted. 412 00:32:53,286 --> 00:32:56,846 Blue minor changes in sentence structure. 413 00:32:56,926 --> 00:33:02,926 Made two weeks before 100,000 euros to Lietzenburg. 414 00:33:03,006 --> 00:33:06,926 Good. Then for God's sake, go but to The Hague. 415 00:33:08,446 --> 00:33:10,206 I'll arrange it. 416 00:33:13,606 --> 00:33:17,606 I still don't like you. I only did what was necessary. 417 00:33:23,926 --> 00:33:30,933 SWITZERLAND Zurich. Switzerland 418 00:33:59,446 --> 00:34:01,726 She has no evidence at all. 419 00:34:01,806 --> 00:34:06,166 Not even a violation. Nothing. Nothing at all. 420 00:34:06,246 --> 00:34:09,966 And she is completely alone. In her own department. 421 00:34:10,446 --> 00:34:13,006 They laugh at her behind her back. 422 00:34:14,446 --> 00:34:16,006 How do you know? 423 00:34:17,886 --> 00:34:19,419 I have my sources. 424 00:34:22,206 --> 00:34:23,726 We can hope so. 425 00:34:26,286 --> 00:34:28,406 Are you still mad at me? 426 00:34:29,966 --> 00:34:32,086 I'm sorry about the company. 427 00:34:33,366 --> 00:34:36,486 It wasn't ideal that you just had to close it... 428 00:34:36,566 --> 00:34:38,966 but you did well. 429 00:34:56,006 --> 00:34:58,726 Do you think a gold bar will make up for this? 430 00:34:59,046 --> 00:35:00,766 No, I don't think so. 431 00:35:04,806 --> 00:35:07,606 That's why I brought a second one. 432 00:35:13,646 --> 00:35:17,166 And because two gold bars doesn't seem enough to me either. 433 00:35:17,246 --> 00:35:20,766 I brought two more with me. 434 00:35:24,806 --> 00:35:26,526 Auro local... 435 00:35:27,486 --> 00:35:30,126 om nis oratio inanis est. 436 00:35:52,366 --> 00:35:58,046 Ladies and gentlemen. departs from platform 6 the ICE 122 to Amsterdam Central... 437 00:35:58,126 --> 00:36:02,326 that stops in Duisburg, Oberhausen, Arnhem and The Hague. 438 00:36:04,166 --> 00:36:08,726 Eurojust. The Hague 439 00:36:08,806 --> 00:36:11,566 Today's brochure. -Fine. 440 00:36:12,366 --> 00:36:14,006 Thank you. -Goodbye. 441 00:36:14,086 --> 00:36:16,126 Excuse me. -Can I help you? 442 00:36:16,206 --> 00:36:20,126 Mrs. Birkwald? 443 00:36:20,206 --> 00:36:22,926 Yes? -Andersen. From Denmark. 444 00:36:23,006 --> 00:36:25,366 I emailed you last week. -Oh yes. 445 00:36:26,446 --> 00:36:29,206 Unfortunately I can't participate in the sessions. 446 00:36:29,286 --> 00:36:33,806 Denmark is not yet a member of Eurojust. 447 00:36:33,886 --> 00:36:37,686 But I have your research read with great interest. 448 00:36:37,766 --> 00:36:40,566 Do you think it also happens in Denmark? 449 00:36:40,646 --> 00:36:43,206 It seems that way, I'm afraid. 450 00:36:43,286 --> 00:36:48,406 A British citizen seems whole to have applied to Denmark. 451 00:36:48,486 --> 00:36:52,753 Maybe you can give me some more tell me about him? Is that possible? 452 00:36:53,366 --> 00:36:57,406 His name is Syed Akram. He was also active in Germany. 453 00:36:59,926 --> 00:37:01,766 Do you know him? 454 00:37:02,846 --> 00:37:05,406 I've already seen him... 455 00:37:05,486 --> 00:37:09,046 with an employee from the Danish tax authorities. 456 00:37:09,126 --> 00:37:13,006 Do you think Akram tried bribe that employee? 457 00:37:13,086 --> 00:37:16,886 That is certainly possible. He has his own investment firm... 458 00:37:16,966 --> 00:37:20,046 and also a banking license. 459 00:37:20,126 --> 00:37:24,126 So he can make his own appraisals and print documents. 460 00:37:26,686 --> 00:37:28,926 Let's keep in touch. -Okay. 461 00:37:33,726 --> 00:37:37,326 She left without her phone. 462 00:37:37,406 --> 00:37:40,766 So I can't reach her. And that is... 463 00:37:41,606 --> 00:37:45,886 She's just fused with her phone. 464 00:37:46,526 --> 00:37:52,406 So now there's no way I can find out how she does it... 465 00:37:53,686 --> 00:37:55,286 or where she is. 466 00:37:56,246 --> 00:37:58,286 How sorry to hear, Niels. 467 00:38:01,126 --> 00:38:02,526 How bad for you. 468 00:38:04,846 --> 00:38:07,726 You're sitting there at the front. -Okay. 469 00:38:12,486 --> 00:38:16,686 These are my reference documents. -Just give it to me. Thank you. 470 00:38:20,846 --> 00:38:22,286 Thank you. 471 00:38:52,606 --> 00:38:57,046 Thank you very much for coming. My name is Birkwald, Cologne public prosecutor's office. 472 00:38:58,166 --> 00:39:01,726 When we did research... 473 00:39:01,806 --> 00:39:05,486 To the German law firm Hausner, Lebert and Co... 474 00:39:05,566 --> 00:39:09,246 we are on a revenue model stumbled into stock trading... 475 00:39:09,326 --> 00:39:12,446 that is used through a global network... 476 00:39:12,526 --> 00:39:15,326 from credit agencies. Law firms... 477 00:39:15,406 --> 00:39:17,686 and investment companies. 478 00:39:17,766 --> 00:39:22,926 With a loss of tax dollars of tens of billions as a result. 479 00:39:23,006 --> 00:39:26,326 To gain insight into these practices. 480 00:39:26,406 --> 00:39:29,806 Eight I a large-scale investigation is crucial... 481 00:39:29,886 --> 00:39:33,006 wherever I am your support if you have a question. 482 00:39:33,486 --> 00:39:37,486 With these cum-ex deals be done shortly before the ex date... 483 00:39:37,566 --> 00:39:41,206 shares purchased of sellers in the conspiracy... 484 00:39:41,286 --> 00:39:45,646 who owns the shares at that time do not yet have in their possession. 485 00:39:45,726 --> 00:39:47,806 This is called uncovered short sales. 486 00:39:47,886 --> 00:39:51,046 I'll interrupt you for a moment, Mrs Birkwald. 487 00:39:51,126 --> 00:39:54,566 Balzli, Swiss public prosecutor. If I hear you like that. 488 00:39:54,646 --> 00:39:59,446 You seem to be referring to an international crime syndicate. 489 00:39:59,526 --> 00:40:02,486 Can you tone down your language a bit? 490 00:40:02,566 --> 00:40:04,966 I would also like to know... 491 00:40:05,046 --> 00:40:09,246 how many financial institutions be involved in this. 492 00:40:12,126 --> 00:40:18,486 In Appendix 10 of your documents you will find the credit agencies... 493 00:40:18,566 --> 00:40:21,726 that are mentioned on seized media... 494 00:40:21,806 --> 00:40:24,126 that also appeared in our research. 495 00:40:24,206 --> 00:40:28,006 These are all similar to play a role in cum-ex deals. 496 00:40:28,086 --> 00:40:32,566 Now before you all start browsing, I can just read the list. 497 00:40:32,646 --> 00:40:35,366 It is probably incomplete. 498 00:40:39,286 --> 00:40:41,246 ABN AMRO Bank. 499 00:40:41,326 --> 00:40:42,766 Amundi... 500 00:40:42,846 --> 00:40:45,286 Archelon Deutschland GmbH. 501 00:40:45,366 --> 00:40:47,246 Arrowgrass Cap Partners. 502 00:40:47,326 --> 00:40:49,846 Banco Bilbao Vizcaya Argentaria. 503 00:40:49,926 --> 00:40:52,126 Banco Urquijo SA. 504 00:40:52,206 --> 00:40:55,766 Bank of America. Bankgesellschaft Berlin AG. 505 00:40:55,846 --> 00:40:59,406 Banque Cantonale Vaudoise, Banque d'Orsay. 506 00:40:59,486 --> 00:41:01,286 Barclays Bank. 507 00:41:01,366 --> 00:41:04,846 Bayern In vest. Bayerische Landesbank. 508 00:41:07,886 --> 00:41:10,766 Bank AG, BNP Paribas. 509 00:41:10,846 --> 00:41:13,086 BRED Banque Populaire. 510 00:41:13,166 --> 00:41:16,966 BT Trading GmbH. Calyon Financial... 511 00:41:21,406 --> 00:41:25,206 World Markets, Securities... 512 00:41:25,286 --> 00:41:28,486 Citibank. Citigroup Global Markets. 513 00:41:28,566 --> 00:41:31,486 CM-Asset Management. 514 00:41:31,566 --> 00:41:33,246 Commerzbank AG. 515 00:41:33,326 --> 00:41:36,086 Credit Agricole. Credit du Nord Monaco. 516 00:41:36,166 --> 00:41:38,366 Credit Suisse... 517 00:41:38,446 --> 00:41:40,966 Europe. 518 00:41:41,046 --> 00:41:43,646 Danske Bank, Deutsche Bank... 519 00:41:43,726 --> 00:41:47,006 Dresdner Bank AG. Dresden Kleinwort. 520 00:41:47,086 --> 00:41:50,246 Bank. DZ BANK AG. 521 00:41:50,326 --> 00:41:53,326 Equinet. SH. 522 00:41:53,406 --> 00:41:55,446 Eurex Clearing AG. 523 00:41:59,286 --> 00:42:02,446 Exane SA, Fimat International... 524 00:42:02,526 --> 00:42:06,126 forts. Fortis Bank Global Clearing NV. 525 00:42:08,806 --> 00:42:12,806 Securities, A/C. 526 00:42:12,886 --> 00:42:15,606 Global Derivatives Trading GmbH. 527 00:42:15,686 --> 00:42:18,206 Global Fund Services SG House. 528 00:42:18,286 --> 00:42:20,486 Goldman Sachs International. 529 00:42:20,566 --> 00:42:23,486 Groupama AM. HSBC Bank. 530 00:42:23,566 --> 00:42:25,926 Nordbank AG. 531 00:42:26,006 --> 00:42:28,046 Hypo Vereinsbank. 532 00:42:28,126 --> 00:42:30,886 . ING Bank. 533 00:42:30,966 --> 00:42:33,086 Investec Bank PLC. 534 00:42:33,166 --> 00:42:36,446 Corporate and Investment Bank. 535 00:42:36,526 --> 00:42:38,486 JP Morgan. 536 00:42:38,566 --> 00:42:40,486 Securities. 537 00:42:40,566 --> 00:42:42,926 Kepler Capital Markets SA. 538 00:42:43,006 --> 00:42:46,486 La Mondiale, Landesbank Helaba. 539 00:42:46,566 --> 00:42:49,966 Landesbank Berlin AG. Lehman Brothers. 540 00:42:56,326 --> 00:42:59,886 Macquarie Bank. Main First Bank AG. 541 00:43:07,526 --> 00:43:10,806 Natexis Banques Popculaires, Natixis. 542 00:43:10,886 --> 00:43:13,246 International SA. 543 00:43:13,326 --> 00:43:15,526 Newedge Group. 544 00:43:15,606 --> 00:43:18,646 Nomura International... 545 00:43:18,726 --> 00:43:22,006 Oddo and Cie. Optiver VOF. 546 00:43:22,086 --> 00:43:24,206 Pictet Asset Management. 547 00:43:24,286 --> 00:43:26,286 SA Raymond James. 548 00:43:26,366 --> 00:43:28,246 London Branch. 549 00:43:28,326 --> 00:43:30,326 Rosenblatt via Jefferies. 550 00:43:34,126 --> 00:43:37,006 Societe Generale. Sycomore AM. 551 00:43:37,086 --> 00:43:40,566 UBS Limited, UniCredit Bank. 552 00:43:40,646 --> 00:43:43,766 Veritas Investment Trust GmbH... 553 00:43:43,846 --> 00:43:46,126 and West LB AG. 554 00:43:54,966 --> 00:43:57,046 Does anyone have any questions? 555 00:44:07,926 --> 00:44:11,046 Niels Jensen? -Yes, hello. 556 00:44:13,646 --> 00:44:15,246 We are from. 557 00:44:16,286 --> 00:44:18,806 Financial Investigation Department. 558 00:44:20,806 --> 00:44:23,326 Please walk with us. Come.