German court starts trial against six accused of dividend stripping

FRANKFURT (Reuters) - A regional court in the German city of Wiesbaden said on Tuesday it had opened proceedings against six people accused in connection with dividend stripping.Dividend stripping, known as cum-ex, typically involves cross-border trading of company shares around a syndicate of banks, investors and hedge funds to create the impression of numerous owners, each of whom was entitled to a tax rebate. The court did not give any names for the accused.In September 2017, the public..