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#1 Notice if you will, the complete absence of the term "money laundering." Oh yes, and then there's the almost laughable "German banker lack of oversight" and attention to detail. If you have made some sort of mental connection between these foreign transactions and intelligence source operations, you are obviously a deranged conspiracy theorist.
All tidy and cleaned up now for a paltry $150. Financial 'damage control,' amazing, isn't it ?
New York regulators faulted Deutsche Bank for a lack of oversight, saying the bank ignored a wide variety of red flags after taking on Epstein's accounts in 2013 despite him previously pleading guilty to prostitution-related charges involving a minor.
Among the suspicious Deutsche Bank transactions, according to DFS:
Numerous payments to alleged Epstein co-conspirators who aided in his sexual abuse
Nearly $7 million in settlement cost, as well as $6 million in legal costs for Epstein and his co-conspirators
Various payments to Russian models and women with eastern European names, as well as rent and tuition payments
More than $800,000 in cash withdrawals over four years
When Epstein was charged with sex trafficking in 2019, he was accused of systematically grooming and abusing young women, many of them minors. His close associate, Ghislaine Maxwell, was arrested last week on federal charges accusing her of rounding up young women for Epstein's sex-trafficking operation.
One of his bank accounts, belonging to an Epstein trust known as "The Butterfly Trust," made regular payments to three co-conspirators and a number of women with eastern European names.
When Deutsche Bank inquired about the payments, Epstein and his team said the payments were to employees and friends. The bank at the time was aware that payments were made to one person who was previously accused but never charged as a co-conspirator, but still approved the transactions, according to the settlement.
The settlement, known as a "consent order," was signed by New York regulators and representatives of Deutsche Bank and its affiliates.
Posted by Besoeker 2020-07-08 05:45||
#2 If you have made some sort of mental connection between these foreign transactions and intelligence source operations, you are obviously a deranged conspiracy theorist.
"deranged conspiracy theorist." O.K. But recently, there have been far too many conspiracies theories proven to be actual conspiracies.
$150 million. Epstein, a simple math teacher who became an investment genius was juggling large amounts of money. He had little St. James Island. He had the ranch in New Mexico where he was promoting eugenics and trying to breed super humans. He had the largest apartment in New York. All these were worth millions.
But the kicker is that he only had one billionaire client in Ohio.
Posted by JohnQC 2020-07-08 13:38||
#3 I'm a simpleton here but why is a bank expected to interrogate its depositors about where they get and send their money?
Posted by Ho Chi Gonque9285 2020-07-08 16:19||
#4 I know one thing, Ho, whenever you make a deposit of $10,000 or more, they have to notify the IRS.
Posted by Abu Uluque 2020-07-08 17:08||
#5 Hush payment.
Posted by swksvolFF 2020-07-08 18:24||
#6 $150M Deutsche Bank settlement shines light on Epstein finances | Miami Herald
Posted by JohnQC 2020-07-08 19:17||
#7 Press Release - July 07, 2020: Superintendent Lacewell Announces DFS Imposes $150 Million Penalty on Deutsche Bank in Connection with Bank’s Relationship with Jeffrey Epstein and Correspondent Relationships with Danske Estonia And FBME Bank | Department of Financial Services