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Alright, lemme do a lil rewriting here on this @FT puffpiece...
First off, they buried the lede 25 graphs down, second to last:
“Late last year Deutsche’s headquarters was raided by police looking for evidence of suspected money laundering.”
https://www.ft.com/content/467bc092-dc78-11e9-9743-db5a370481bc#comments @FT
First off, they buried the lede 25 graphs down, second to last:
“Late last year Deutsche’s headquarters was raided by police looking for evidence of suspected money laundering.”
https://www.ft.com/content/467bc092-dc78-11e9-9743-db5a370481bc#comments @FT
1/ Somehow they forgot to mention all that Russian money laundering.
https://www.theguardian.com/business/2019/apr/17/deutsche-bank-faces-action-over-20bn-russian-money-laundering-scheme @guardian
https://www.theguardian.com/business/2019/apr/17/deutsche-bank-faces-action-over-20bn-russian-money-laundering-scheme @guardian
2/ Shirley, failing to mention those pesky Congressional subpoenas musta been an oversite. I mean, shit.
https://www.nytimes.com/2019/04/15/business/deutsche-bank-trump-finances-congress.html @nytimes
https://www.nytimes.com/2019/04/15/business/deutsche-bank-trump-finances-congress.html @nytimes
3/ Then there’s the super secret hedge fund RenTech that gave Robert Mercer all that dough to buy Trump into office with stolen data and mind hack pubs, now pulling its money outta Deutsche Bank. You know, cuz oversight when you’re sketchy is inconvenient. https://twitter.com/heidi_cuda/status/1163605975900672000?s=21
4/ Oh my, @FT forgot to mention that “delicate loan restructuring” in 2016.
https://www.bloomberg.com/news/articles/2016-12-22/deutsche-bank-s-reworking-a-big-trump-loan-as-inauguration-nears @business
https://www.bloomberg.com/news/articles/2016-12-22/deutsche-bank-s-reworking-a-big-trump-loan-as-inauguration-nears @business
5/ Shirley another oversight.
https://www.washingtonpost.com/national/kushner-firms-285-million-deutsche-bank-loan-came-just-before-election-day/2017/06/25/984f3acc-4f88-11e7-b064-828ba60fbb98_story.html @washingtonpost
https://www.washingtonpost.com/national/kushner-firms-285-million-deutsche-bank-loan-came-just-before-election-day/2017/06/25/984f3acc-4f88-11e7-b064-828ba60fbb98_story.html @washingtonpost
6/ I guess a line or three about the whistleblower story would’ve gotten in the way of the @ft press release.
https://www.nytimes.com/2019/05/19/business/deutsche-bank-trump-kushner.html @nytimes
https://www.nytimes.com/2019/05/19/business/deutsche-bank-trump-kushner.html @nytimes
7/ I suppose this would’ve been a downer.
https://www.scmp.com/business/banking-finance/article/1416134/deutsche-bank-manager-found-dead-london-home @SCMPNews
https://www.scmp.com/business/banking-finance/article/1416134/deutsche-bank-manager-found-dead-london-home @SCMPNews
8/ The new head of its wealth management division studied at MIT, which took hundreds of millions from an oligarch, but I digress. https://twitter.com/heidi_cuda/status/1165505704414679041?s=21
9/ 
”$630m fines on Deutsche for its role in a money laundering scam out of Moscow..The bank failed to prevent $10bn of Russian money being laundered..Deutsche’s Private Bank—the division that lends to Trump—appears in Global Laundromat scheme.”
https://www.theguardian.com/world/2017/mar/21/deutsche-bank-that-lent-300m-to-trump-linked-to-russian-money-laundering-scam @guardian
”$630m fines on Deutsche for its role in a money laundering scam out of Moscow..The bank failed to prevent $10bn of Russian money being laundered..Deutsche’s Private Bank—the division that lends to Trump—appears in Global Laundromat scheme.”https://www.theguardian.com/world/2017/mar/21/deutsche-bank-that-lent-300m-to-trump-linked-to-russian-money-laundering-scam @guardian
10/ There’s only so much room in a 27 graph story but playing “hide the transnational crime syndicate corruption” is simply shitty journalism.
Oh well. What’s new. https://twitter.com/heidi_cuda/status/1133614554183680000?s=21
Oh well. What’s new. https://twitter.com/heidi_cuda/status/1133614554183680000?s=21
11/ 
“Three execs from Deutsche Bank were implicated civilly, including the wealth mngt dir.. Gambino moved to the white-shoe law firm Skadden Arps before taking the position at Deutsche..all 3 men worked for, or did business with, Deutsche Bank.”
https://nypost.com/2016/06/12/why-are-so-many-bankers-committing-suicide/ @nypost
“Three execs from Deutsche Bank were implicated civilly, including the wealth mngt dir.. Gambino moved to the white-shoe law firm Skadden Arps before taking the position at Deutsche..all 3 men worked for, or did business with, Deutsche Bank.”https://nypost.com/2016/06/12/why-are-so-many-bankers-committing-suicide/ @nypost
12/ See #11 and note: if Skadden Arps rang a bell, blame Manafort—Trump’s imprisoned campaign director.
“Skadden Arps was paid more than $4.6 million via both the Ukrainian Ministry of Justice and offshore accounts controlled by Manafort.”
http://thejewishvoice.com/2019/01/23/nycs-skadden-arps-law-firm-to-pay-4-6m-to-settle-probe-into-work-for-ukrainian-govt/ @JewishVoice
“Skadden Arps was paid more than $4.6 million via both the Ukrainian Ministry of Justice and offshore accounts controlled by Manafort.”
http://thejewishvoice.com/2019/01/23/nycs-skadden-arps-law-firm-to-pay-4-6m-to-settle-probe-into-work-for-ukrainian-govt/ @JewishVoice
13/ And while we’re on the subject of former Skadden employees and jailbirds: recall this son-in-law of a Ukraine oligarch—an oligarch who’s an owner of Alfa Group which has ties to Deutsche Bank.
https://www.nytimes.com/2018/02/20/us/politics/alex-van-der-zwaan-gates-russia-mueller.html @nytimes
https://www.nytimes.com/2018/02/20/us/politics/alex-van-der-zwaan-gates-russia-mueller.html @nytimes
15/ “Deutsche Bank reportedly tried to jettison a $600 million loan to VTB Group, a Russian bank, amid questions over Russia's meddling in the 2016 election that made Trump president*..Deutsche sold $300 million of the loan to Alfa Bank.”
http://www.businessinsider.com/deutsche-bank-tried-to-shed-loan-it-made-to-vtb-group-a-russian-bank-2019-2 @businessinsider
http://www.businessinsider.com/deutsche-bank-tried-to-shed-loan-it-made-to-vtb-group-a-russian-bank-2019-2 @businessinsider
16/ #15 con.
“The bank concluded Trump's campaign rhetoric made him a risky borrower..They also weighed risks the bank might have to seize a president's assets..Deutsche Bank's shares have fallen close to 50% over the last 12 months—spurred by two bank raids—reaching record lows”
“The bank concluded Trump's campaign rhetoric made him a risky borrower..They also weighed risks the bank might have to seize a president's assets..Deutsche Bank's shares have fallen close to 50% over the last 12 months—spurred by two bank raids—reaching record lows”
17/ Re #3, I’m sure @FT meant to include.
https://www.bloomberg.com/news/articles/2019-07-05/rentech-has-been-pulling-money-out-of-deutsche-bank-for-months @business
https://www.bloomberg.com/news/articles/2019-07-05/rentech-has-been-pulling-money-out-of-deutsche-bank-for-months @business
18/ “Ackermann’s reign at Deutsche Bank was hardly clean..he is also on the board of directors at Renova, a company that owns a large stake in the Bank of Cyprus and belongs to Viktor Vekselberg—one of the Kremlin-linked oligarchs.”
See #8
https://www.justsecurity.org/39409/money-russia-cyprus-trump-teams-odd-business-dealings/ @just_security
See #8
https://www.justsecurity.org/39409/money-russia-cyprus-trump-teams-odd-business-dealings/ @just_security
19/ Sidebar: “Trump and his family sued Deutsche Bank..in an attempt to block the bank from complying with the subpoenas..In May..Judge Edgardo Ramos ruled that Trump couldn’t temporarily block the subpoenas while the case is being decided.”
https://www.wsj.com/articles/deutsche-bank-tells-court-it-has-trump-tax-returns-sought-by-congress-11566946669 @wsj
https://www.wsj.com/articles/deutsche-bank-tells-court-it-has-trump-tax-returns-sought-by-congress-11566946669 @wsj
20/ “Asked whether it was normal to give more money to a customer who has bad credit and is a litigant, one Deutsche staffer said: ‘Are you f---ing kidding me?
“During the same period Deutsche was doing something abnormal—laundering Russian money.”
https://www.smh.com.au/world/mysterious-triangle-donald-trump-deutsche-bank-and-the-kremlin-cookie-jars-20171219-h07afc.html @smh
“During the same period Deutsche was doing something abnormal—laundering Russian money.”
https://www.smh.com.au/world/mysterious-triangle-donald-trump-deutsche-bank-and-the-kremlin-cookie-jars-20171219-h07afc.html @smh
21/ “Russian state-owned bank VTB said..the loan ‘was intended for..treasury business activities.’
“On 1/6/2017, U.S. intelligence formally accused the Russian govt of interfering in the U.S. election on behalf of Trump, a client of Deutsche Bank.”
https://www.wsj.com/articles/deutsche-bank-in-late-2016-raced-to-shed-loan-it-made-to-russian-bank-vtb-11549147289 @WSJ
“On 1/6/2017, U.S. intelligence formally accused the Russian govt of interfering in the U.S. election on behalf of Trump, a client of Deutsche Bank.”
https://www.wsj.com/articles/deutsche-bank-in-late-2016-raced-to-shed-loan-it-made-to-russian-bank-vtb-11549147289 @WSJ
22/ CODA:
Dear @FT
I realize you’re under new ownership and the Deutsche Bank story is complex, but do let’s leave the puffpieces up to the corporate hacks and the PR wires.
Democracy is counting on you.
Sincerely.
A concerned citizen, truth activist and veteran journalist
Dear @FT
I realize you’re under new ownership and the Deutsche Bank story is complex, but do let’s leave the puffpieces up to the corporate hacks and the PR wires.
Democracy is counting on you.
Sincerely.
A concerned citizen, truth activist and veteran journalist
23/ On the Record: I forgot #14 so here’s a pull-quote from #18:
“There was cultural of criminality,” said a former analyst. “Deutsche Bank was structurally designed by mngt to allow corrupt individuals to commit fraud.”
https://www.justsecurity.org/39409/money-russia-cyprus-trump-teams-odd-business-dealings/ @just_security from the @NewYorker
“There was cultural of criminality,” said a former analyst. “Deutsche Bank was structurally designed by mngt to allow corrupt individuals to commit fraud.”
https://www.justsecurity.org/39409/money-russia-cyprus-trump-teams-odd-business-dealings/ @just_security from the @NewYorker
24/ APPENDICKS: Go back to #13 and then review this.
Barr so sus. https://twitter.com/heidi_cuda/status/1118886238008647680?s=21
Barr so sus. https://twitter.com/heidi_cuda/status/1118886238008647680?s=21
25/ Mitt’s got some history with money-laundering bank, too.
“A Deutsche Bank document from 2000 reported that Bain's first five private equity funds had returned a sizzling 88% per year from 1984 through the end of 1999.”
https://www.wsj.com/articles/SB10000872396390444025204577547423630968912 @wsj 2012 archives
“A Deutsche Bank document from 2000 reported that Bain's first five private equity funds had returned a sizzling 88% per year from 1984 through the end of 1999.”
https://www.wsj.com/articles/SB10000872396390444025204577547423630968912 @wsj 2012 archives
26/ The thick plottens. https://twitter.com/heidi_cuda/status/1179764259938435072?s=21
