Drudge Retort: The Other Side of the News
Thursday, June 20, 2019

Federal authorities are engaged in a criminal investigation as to whether Deutsche Bank complied with laws meant to stop money laundering and other crimes, the latest government examination of potential misconduct at one of the world's largest and most troubled banks, according to seven people familiar with the inquiry.

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To paraphrase Shakespeare, "Something is rotten at Deutsche Bank ... and the White House"

#1 | Posted by AMERICANUNITY at 2019-06-20 06:57 AM | Reply

according to seven people familiar with the inquiry.

Now, there is a credible source.

#2 | Posted by Sniper at 2019-06-20 10:45 AM | Reply


  I am reminded of an older (April 25) comment of mine ( www.drudge.com ) in which I concluded... "Sure seems to be a lot of suspicious money laundering activity surrounding Deutsche Bank...."

BaFin to Deepen Deutsche Bank Money Laundering Investigation (Feb 2019)
www.financemagnates.com

...Deutsche Bank released a statement on Friday saying that BaFin, the German financial regulator, has extended the remit of an independent auditor examining the lender's role in the Danske Bank money laundering scandal.

The case stems from an ongoing investigation into the Danish bank's Estonian division.

Asia Trading Summit – The Leading Investment Event in China

After a whistle-blower sounded the alarm about the activity of certain customers, most of whom were from Russia and the former Soviet Union, in late 2018, it became apparent that Danske Bank's Tallinn-based operations were doing business with some less than scrupulous individuals.

It is alleged that the bank laundered around $225 billion from 2007 to 2014. If that is the case, it would potentially be the largest instance of money laundering ever uncovered.

Deutsche Bank falls into the mix as it acted as Danske Bank's main correspondent bank. According to the Financial Times, the German bank was responsible for facilitating $180 billion in suspicious transactions....


www.npr.org

...In recent years, Deutsche Bank has been in the news not only for its prominence in the Panama Papers, but also for its ties to President Trump, in a tumultuous relationship that goes back some 20 years.

Trump and the bank once sued each other after he failed to repay a $300 million loan. And the author and reporter Luke Harding has described a "shuffle of money" between the bank's dealings with figures in Russia and its business with Trump. ...



#3 | Posted by LampLighter at 2019-06-20 10:48 AM | Reply | Newsworthy 3


Here's the link for the NRP article in #3

www.npr.org

#4 | Posted by LampLighter at 2019-06-20 10:49 AM | Reply

So, I've been saying this since 2016....primary season 2016.

#5 | Posted by bocaink at 2019-06-20 11:22 AM | Reply

according to seven people familiar with the inquiry.

Now, there is a credible source.

#2 | Posted by Sniper

You'd think that this response being WRONG the first few hundred times would lead you to think of something else.

#6 | Posted by jpw at 2019-06-20 11:44 AM | Reply | Newsworthy 7

Ms. McFadden, a former anti-money-laundering compliance officer at the bank, told The New York Times last month that she had flagged transactions involving Mr. Kushner's family company in 2016, but that bank managers decided not to file the suspicious activity report she prepared. Some of her colleagues had similar experiences in 2017 involving transactions in the accounts of Mr. Trump's legal entities, although it was not clear whether the F.B.I. was examining the bank's handling of those transactions.

www.nytimes.com

#7 | Posted by AMERICANUNITY at 2019-06-20 03:09 PM | Reply | Newsworthy 1

according to seven people familiar with the inquiry.

Now, there is a credible source.

#2 | Posted by Sniper

I will take what "people familiar with the inquiry" say over anything you say any day.

Are you familiar with anything besides your nose and humpy's butt??

#8 | Posted by donnerboy at 2019-06-20 03:23 PM | Reply

according to seven people familiar with the inquiry.

Now, there is a credible source.

#2 | Posted by Sniper

Credibility is really important to Trump's cult members. They have no tolerance for lying or deception.

#9 | Posted by SpeakSoftly at 2019-06-20 05:45 PM | Reply | Funny: 3

If Deutsche Bank is involved with money laundering for the rich and connected, I hope an independent team of investigators will out them all *including Trump and Kushner*. However, If this is simply an operation to search and destroy Trump and Kushner, then it's nothing more than a political hit job.

We need to find where and how the rich are hiding their wealth. It's bigger than this investigation and the Panama Papers, and every tax haven and offshore hidey hole needs to be raided and exposed. It's time to start naming names.

www.icij.org

#10 | Posted by SheepleSchism at 2019-06-22 10:36 AM | Reply

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