Wanted: Banker Who Became Literal Poster Boy of Cum-Ex Scandal
- New Zealander Paul Mora hunted by Germany via Interpol
- Ex-banker once had rock-star status in dividend arbitrage
Federal Police wanted posters for Paul Mora at Frankfurt airport on Feb. 10.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
People strolling through shopping malls or train stations across Germany this week saw something different on the billboards that typically advertise chocolate bars or dating sites: the face of a man wanted for suspected tax evasion.
Looking straight into the camera with a blank expression, his hair slicked back, the individual wanted by German Federal Police is Paul Mora. A New Zealand native who became a high-rolling investment banker in London, the 53-year-old has been linked to the dividend-tax strategy known as Cum-Ex that German lawmakers have decried as the biggest tax fraud in history.