1. Wealth
  2. Wealth Management
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.

Read the full story here

Read more from Wealth Wednesday

Read more on tax from Spear’s

Tweet

Follow @spearsmagazine

Don’t miss out on the best of Spear’s articles – sign up to the Spear’s weekly newsletter

Content from our partners
Lagos Private Wealth Conference 2025: Shaping Africa’s Legacy of Prosperity
From bold beginnings to global prestige: the legacy of Penfolds Bin 707
The Windsor is bringing seamless luxury to Heathrow

Websites in our network