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August 27, 2013updated 11 Jan 2016 2:03pm

STEP: Julius Baer data thief sentenced to jail

By Spear's

Lutz Otte sold the account information to the German tax authorities for EUR1.1 million in order to pay his own tax bill. A German citizen who moved to Switzerland in 2005, he told the Bellinzona court he had come under ‘pretty heavy pressure’ from German finance authorities. His statement to the court suggests that he conducted his operations in close collaboration with a former employee of one of these authorities.

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