Ruling · legally binding Warburg Bank — Bankers in Prison, Money Reclaimed

The Hamburg private bank M.M. Warburg is considered deeply entangled in Cum-Ex. Two bankers were convicted of severe tax evasion; the Federal Court of Justice (BGH) rejected their appeals [Revisionen] in 2025 — the verdicts are legally binding [rechtskräftig]. The Federal Fiscal Court also confirmed tax reclaims of 155 million euros against the bank. The proceedings reach into the highest political circles; a Hamburg committee of inquiry [Untersuchungsausschuss] examined waived back-tax demands.