was a hybrid CDO which exposed HSH Nordbank to the risks of default of other financial institutions including the now bankrupt Lehman Brothers and Washington Mutual. However, also included in the deal were several billion euros of risk tied to HSH Nordbank's own assets. It is alleged that he inclusion of this last element allowed HSH Nordbank to move several billions of risky assets off its balance sheet at year end and avoid costly capital reserves which BaFin would require the bank to post. The assets were repurchased several weeks later after auditors had closed the books of the bank for the year. In 2012 the Hamburg Public Prosecutors filed charges against six former HSH Nordbank Directors, including the former CEO Dirk Jens Nonnenmacher, in relation to the Omega 55 transaction. The indictment ran to over 600 pages long. They were accused of breach of trust and accounting fraud. The charges were dismissed in 2014. However, that acquittal was overturned by the Federal Court of Justice in October 2016 and a new trial scheduled before the Hamburg District Court. In June 2019, five of the ex-directors settled the charges against them via the "payment of money". The ex-directors had to make individual payments of between 500 thousand and 1.6 million euros to settle the charges. In 2009, HSH Nordbank had a balance sheet of 174.5 billion euros and reported a loss of 678 million euros. In 2010, HSH Nordbank was again caught up in scandal. Its CEO, Jens Nonnenmacher, and its General Counsel, Wolfgang Gossman, were accused of planting child pornography on the office computer of the then Head of its New York Branch. The child pornography was planted in order to give the bank an excuse to fire the branch head. United States prosecutors originally moved against the branch head but rescinded the allegations when certain evidence did not hold up. The bank settled this scandal through a reported settlement of 7 million US dollars after the bank's supervisory board hired law firm WilmerHale to conduct an investigation. The management board of the bank also issued an apology to the former branch head in 2011. Restructuring and Cum-Ex Scandal 2013–2018 The European Commission, HSH Nordbank and its owners negotiated for years over a plan to restore the bank to health and avoid future state aid. In September 2011, all sides reached a settlement with the European Commission, ending state