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Frans Demmenie

Frans Demmerie was general director at Fortis. He was the boss of CumEx traders Frank Vogel and Olaf Ephraim, who he fired when news about their business got out and it became known that Fortis was invloved in CumEx transactions. The fraudulent activities did not stop.

The CumEx Investigation
20 December 2022

Fortis Bank Netherlands engaged in fraudulent CumEx deals after its nationalisation

Eric Smit & Siem Eikelenboom