Markus Lanz stunned: “12 billion gone – and it could happen again”:
Shocking revelation on Lanz: Former Cum-Ex investigator Anne Brorhilker confirms that the ...
merkur.de/politik/lanz-sichtlich-ueberrascht-cum-ex-skandal-kann-sich-wiederholen-zr-94177730.html
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Cum-Ex Risk Still RealFormer lead investigator: Cum-Ex cost more than €12 billion and could recur without a central federal authority.
Key FactsFeb 19, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: merkur.de
Summary created with AI assistance · Source: merkur.de
- Anne Brorhilker stated on ZDF that Cum-Ex schemes remain possible.
- She criticized insufficient resources for authorities and the absence of a central federal body.
- The scandal cost the state more than €12 billion through tax refunds paid to banks and investors who had not paid the taxes.
- Political failures and lack of coordination were cited as reasons why another multibillion fraud could happen.
That was fraud from the very beginning.— Anne Brorhilker, former Chief Public Prosecutor, on Markus Lanz (ZDF talk show).
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