Police raids on Deutsche Bank’s offices in Frankfurt last week were, of course, not the fault of the current management team, according to the firm’s chief financial officer (CFO).
Two Deutsche Bank staff members are suspected of helping clients set up off-shore businesses to launder money gained from criminal activity.
The wrongdoing is alleged to have continued through to 2018 but the bank’s financial chief, James von Moltke, told CNBC’s Annette Weisbach Thursday that current executives shouldn’t shoulder the blame.
“To date, we are not aware of any wrongdoing on our part, so we will await the conclusion of the prosecutors,” Von Moltke said.
In 2016 alone, more than 900 customers with a business volume of 311 million euros ($353.6 million) were thought to have been cared for by a Deutsche Bank subsidiary based in the British Virgin Islands, the prosecutor said.
May Day Alert: Deutsche Bank Auctioneers Illicit and Illegal Home Theft Scheme Launched in Harris County
Foreclosure mill lawyers representing the German Bank are taking advantage of elderly and widowed homeowners to circumvent the law for greed.
Homeowner Faces Wolves Non Judicial Foreclosure after 7 Bankruptcies: But it’s Still Time-Barred
Deutsche Bank’s Judgment from Harris County District Court in 2017 has expired, even tolling the 7 intervening bankruptcies by Mastroperros.
Expedited Foreclosure Lawsuit filed by DBNTCO and McCarthy Holthus v. Villarreal
Considering McCarthy Holthus is counsel for DBNTCO, it sheds new light on why SCOTUS was deliberately lyin’ to citizens in re Obduskey.
