Judges in Bochum on Friday handed a two-year suspended prison sentence to a 66-year-old real estate tycoon in the first case brought to justice in Germany in connection with a major Liechtenstein tax evasion scandal. Judges in the western German city of Bochum told the first multi-millionaire up for trial he would probably receive a suspended term of two years' jail for evading 7.5 million euros ($11.8 million) in tax between 2001 and 2006. Elmar Schulte, from the western city of Bad Homburg, was found guilty of six counts of tax evasion after depositing several million euros in the Alpine principality of Liechtenstein and failing to declare the interest made. He had made a full confession and already paid 7.6 million euros in back taxes and fines to German tax authorities. Germany's BND foreign intelligence service described in February how it bought data on trusts managed by the Liechtenstein Bank LTG on behalf of wealthy tax-shy Europeans. The BND reportedly paid about 4 million euros for one DVD with the data.
Judges in the western German city of Bochum told the first multi-millionaire up for trial he would probably receive a suspended term of two years' jail for evading 7.5 million euros ($11.8 million) in tax between 2001 and 2006.
Elmar Schulte, from the western city of Bad Homburg, was found guilty of six counts of tax evasion after depositing several million euros in the Alpine principality of Liechtenstein and failing to declare the interest made.
He had made a full confession and already paid 7.6 million euros in back taxes and fines to German tax authorities.
Germany's BND foreign intelligence service described in February how it bought data on trusts managed by the Liechtenstein Bank LTG on behalf of wealthy tax-shy Europeans. The BND reportedly paid about 4 million euros for one DVD with the data.
He should be fined what he scammed, again. He should be made to pay 15 million for nicking 7.5.
That's a disincentive, if he hasn't got the cash, impoverish him. take his houses, his shares, his golf clubs and nazi regalia. the lot. If he still hasn't got it, send him to guantanamo till he admits where the rest of his dosh is. filth, utter filth. keep to the Fen Causeway
