Commissar SFLUFAN Posted April 29, 2022 Share Posted April 29, 2022 Deutsche Bank possibly involved in money-laundering?!?!?! SAY IT AIN'T SO!!! Deutsche Bank HQ in Frankfurt raided over suspected money laundering | Deutsche Bank | The Guardian WWW.THEGUARDIAN.COM Officers from financial regulator, federal police and public prosecutor raid Germany’s largest lender Quote German authorities have raided Deutsche Bank’s headquarters in Frankfurt over suspected money laundering at the country’s largest lender. Officers from the financial regulator BaFin, the federal police, and the Frankfurt public prosecutor’s office launched a raid on the bank’s glass-panelled offices – known locally as the “twin towers” – on Friday morning after securing a search warrant from the local court. Deutsche Bank said the issue had been self-reported and it was “fully cooperating” with police and prosecutors who launched the raid on its offices at 10am. 1 1 Quote Link to comment Share on other sites More sharing options...
Mr.Vic20 Posted April 29, 2022 Share Posted April 29, 2022 Its a bank. 1 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted April 29, 2022 Author Share Posted April 29, 2022 5 minutes ago, Mr.Vic20 said: Its a bank. Furthermore, it's Deutsche Bank which has a well-earned reputation for having a less-than-savory clientele and a management with questionable ethics, to put it mildly. 2 Quote Link to comment Share on other sites More sharing options...
rc0101 Posted April 29, 2022 Share Posted April 29, 2022 5 minutes ago, Commissar SFLUFAN said: Furthermore, it's Deutsche Bank which has a well-earned reputation for having a less-than-savory clientele and a management with questionable ethics, to put it mildly. Worst kept secret in the financial industry. I’m not sure they even really denied they were the go to for money laundering. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted April 29, 2022 Author Share Posted April 29, 2022 2 minutes ago, rc0101 said: Worst kept secret in the financial industry. I’m not sure they even really denied they were the go to for money laundering. And in reality, all DB has to say to authorities is "So just what the hell are you going to do about it, huh? We are the practical definition of 'Too Big To Fail' as any attempt to take us down will have devastating economic consequences." 1 Quote Link to comment Share on other sites More sharing options...
Firewithin Posted April 29, 2022 Share Posted April 29, 2022 10 minutes ago, Commissar SFLUFAN said: And in reality, all DB has to say to authorities is "So just what the hell are you going to do about it, huh? We are the practical definition of 'Too Big To Fail' as any attempt to take us down will have devastating economic consequences." so nothing will happen then? Quote Link to comment Share on other sites More sharing options...
rc0101 Posted April 29, 2022 Share Posted April 29, 2022 1 minute ago, Firewithin said: so nothing will happen then? I have no idea how it will work in Germany but here the board and management would be turned over. The Wells penalty basically. Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted April 29, 2022 Share Posted April 29, 2022 25 minutes ago, Commissar SFLUFAN said: Furthermore, it's Deutsche Bank which has a well-earned reputation for having a less-than-savory clientele and a management with questionable ethics, to put it mildly. Quote Link to comment Share on other sites More sharing options...
Fizzzzle Posted April 29, 2022 Share Posted April 29, 2022 ... and nothing of consequence will happen. Maybe they'll pay a fine that is a fraction of what they made from committing the crime in the first place, and some execs will fly away in their golden parachutes. When the penalty for committing financial crimes is less than the profits from the crime itself, then it's only a crime for those who can't afford to pay Quote Link to comment Share on other sites More sharing options...
SoberChef Posted April 30, 2022 Share Posted April 30, 2022 Brings back fond memories of HSBC Banks! Quote Link to comment Share on other sites More sharing options...
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