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FOREIGN FRAUD: Rickmansworth hedge fund trader to be extradited to Denmark over tax scandal charges

 Published on: 27th September 2022   |   By: Bryn Holmes   |   Category: Uncategorized

A London court has approved the extradition of a Rickmansworth man to Denmark to stand trial over a tax fraud scandal.

On Tuesday, September 20, Westminster Magistrates Court ruled that hedge fund trader Anthony Mark Patterson, 51, could be extradited to the European country to face two charges related to an allegedly fraudulent scheme of tax reclaim against Denmark’s tax agency, Skat.

Mr Patterson is accused of being part of the purported scam, that apparently left the agency with losses of around £1billion through false applications for refunds of a Danish dividend tax.

The push by the country’s government for extradition is thought by political experts to be part of their wider effort against the so-called ‘cum-ex’ scandal, in which the governments across Denmark, Germany, Italy and France (amongst others) were duped into refunding billions of euros of taxes that were never paid.

Public prosecutors in Cologne are currently looking at 1,500 people as part of their inquiry, with Mr Patterson’s case coming from his work for a London-based hedge fund, Solo Capital Partners, who are being investigated over allegations they scammed tax authorities between 2012 and 2015.

Mr Patterson has denied any wrongdoing, but district judge Timothy Godfrey ruled that his extradition could go ahead, that it did not impede on any human rights and that the action was not a disproportionate one.

Photo Credit: GrimsbyT

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