Wednesday, July 8, 2020

Deutsche Bank in the News

HR (our Hessen public TV folks) did an interesting report over the Deutsche Bank and Jeffery Epstein.

So what is said now (factually) is that Deutsche Bank conducted a business relationship with Epstein, and various indicators came up....which should have triggered them to part company, and they simply looked the other way. 

The New York State Department of Financial Services laid out the problems and leveled a fine....133 million Euro (yes, a hefty amount).  Deutche Bank isn't saying much and apparently won't argue about it.

Money shuffled around to pay for Russian models?  Yes.

The thing about this is that the bank did a lot of business with Epstein....moving hundreds of millions, and probably made way more than 133 million Euro of profit off the guy and his actions. 

The end of the discussion now?  You would think that.  But Maxwell (the girlfriend) is now coming up, and it wouldn't surprise me if Deutsche Bank had a relationship with her as well. 

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