{"id":580,"date":"2017-02-04T22:09:44","date_gmt":"2017-02-04T22:09:44","guid":{"rendered":"https:\/\/blogs.scu.edu\/finis\/?p=580"},"modified":"2017-02-04T22:09:44","modified_gmt":"2017-02-04T22:09:44","slug":"more-fraud-at-deutsche-bank","status":"publish","type":"post","link":"https:\/\/blogs.scu.edu\/finis\/2017\/02\/04\/more-fraud-at-deutsche-bank\/","title":{"rendered":"More Fraud at Deutsche Bank"},"content":{"rendered":"<p>Deutsche Bank has a history of skirting regulations to pad profits and personal bonuses. Wealthy Russians were sent money overseas by through a group of Deutsche Bank executives arranging stock trades that had no purpose other than disguising the fraud. In one case, a supervisor in the Moscow office was paid $3.8 million for \u201cconsulting agreements\u201d by one of the companies.<\/p>\n<p>Over $10 billion in laundered money was directed to London and New York form Moscow, and the Deutsche executives didn\u2019t crack down on the schemes despite their opportunities to do so. Despite its history of fraud, Deutsche\u2019s New York bank still has inadequate compliance and monitoring systems.<\/p>\n<p>Deutsche agreed to hire an independent monitor to be approved by the Department of Financial Services. The monitor will review the bank\u2019s relevant compliance system.<\/p>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" title=\"Deutsche Bank Fined in Plan to Help Russians Launder $10 Billion\" src=\"https:\/\/www.nytimes.com\/svc\/oembed\/html\/?url=https%3A%2F%2Fwww.nytimes.com%2F2017%2F01%2F30%2Fbusiness%2Fdealbook%2Fdeutsche-bank-fined-for-helping-russians-launder-10-billion.html#?secret=KN3Z1SSHji\" data-secret=\"KN3Z1SSHji\" scrolling=\"no\" frameborder=\"0\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Deutsche Bank has a history of skirting regulations to pad profits and personal bonuses. Wealthy Russians were sent money overseas by through a group of Deutsche Bank executives arranging stock trades that had no purpose other than disguising the fraud. In one case, a supervisor in the Moscow office was paid $3.8 million for \u201cconsulting &hellip; <a href=\"https:\/\/blogs.scu.edu\/finis\/2017\/02\/04\/more-fraud-at-deutsche-bank\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">More Fraud at Deutsche Bank<\/span><\/a><\/p>\n","protected":false},"author":1795,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-580","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":1,"qubely_featured_image_url":null,"qubely_author":{"display_name":"exwu","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/exwu\/"},"qubely_comment":1,"qubely_category":"<a href=\"https:\/\/blogs.scu.edu\/finis\/category\/uncategorized\/\" rel=\"category tag\">Uncategorized<\/a>","qubely_excerpt":"Deutsche Bank has a history of skirting regulations to pad profits and personal bonuses. Wealthy Russians were sent money overseas by through a group of Deutsche Bank executives arranging stock trades that had no purpose other than disguising the fraud. In one case, a supervisor in the Moscow office was paid $3.8 million for \u201cconsulting&hellip;","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1795"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=580"}],"version-history":[{"count":2,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/580\/revisions"}],"predecessor-version":[{"id":663,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/580\/revisions\/663"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}