{"id":156531,"date":"2026-08-31T19:49:07","date_gmt":"2026-08-31T19:49:07","guid":{"rendered":"https:\/\/www.europesays.com\/dk\/156531\/"},"modified":"2026-08-31T19:49:07","modified_gmt":"2026-08-31T19:49:07","slug":"denmarks-476-million-win-in-tax-scheme-suit-upheld-at-appeals","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/dk\/156531\/","title":{"rendered":"Denmark\u2019s $476 Million Win in Tax Scheme Suit Upheld at Appeals"},"content":{"rendered":"<p>Denmark\u2019s tax authority can sue a group of US investors who helped a hedge fund trader steal from the Scandinavian country\u2019s treasury in a $2.1 billion fraud scheme, the Second Circuit ruled Monday. <\/p>\n<p>The three-judge panel <a href=\"https:\/\/www.bloomberglaw.com\/public\/document\/InReCustomsandTaxAdministrationoftheKingdomofDenmarkSkatteforvalt\/16?doc_id=X1B9779IDJ795TO71UBNTO29DQ6\" rel=\"nofollow noopener\" target=\"_blank\">rejected<\/a> the investors\u2019 argument that the Danish tax authority was barred from suing them in the US, citing a common law revenue rule that prohibits a sovereign entity from enforcing its tax claims in the courts of another sovereign entity.<\/p>\n<p>The decision affirms a Manhattan-based federal court order requiring defendants Richard Markowitz, John van Merkensteijn, and their pension and retirement plans to pay back &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"Denmark\u2019s tax authority can sue a group of US investors who helped a hedge fund trader steal from&hellip;\n","protected":false},"author":2,"featured_media":156532,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[2],"tags":[73507,27,26,580,38634,30456,51625,22900,73509,73508],"class_list":["post-156531","post","type-post","status-publish","format-standard","has-post-thumbnail","category-denmark","tag-civil-fraud","tag-danmark","tag-denmark","tag-dividends","tag-hedge-funds","tag-negligence","tag-non-u-s-tax","tag-securities-fraud","tag-tax-fraud","tag-tax-treaties"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@dk\/117191859371999419","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/156531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/comments?post=156531"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/156531\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media\/156532"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media?parent=156531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/categories?post=156531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/tags?post=156531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}