Germany Buying More Stolen Data as Tax Agreement With Switzerland Nears

Patrick Donahue reports:

German authorities confirmed the purchase of another CD with stolen Swiss bank information as authorities aim to finalize an agreement with Switzerland that may curb tax evasion and bring a windfall in tax revenue.

Officials in the western city of Muenster paid 1.5 million euros ($2.1 million) for a CD with data on 200 accounts at Zurich-based Julius Baer Group Ltd., Gerit Bischoff, a spokeswoman for the prosecutor, said today.


Bischoff said the person who sold the data to Muenster prosecutors, whom she didn’t identify, requested that the 1.5 million euros go to a relief organization for earthquake victims in Haiti. The organization, overwhelmed by the amount of money, initially sent it back, she said.

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