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(Law and Crime)   DeutscheBank agrees to pay $100 million to defer bribery charges. Just how much deep shiat are they in if $100 million is worth it just to defer the charges?   (lawandcrime.com) divider line
    More: News, Bribery, Foreign Corrupt Practices Act, Deutsche Bank, bank of choice, Bank of America, final days of the Donald Trump presidency, internal audit group, deferred prosecution agreement  
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1613 clicks; posted to Politics » on 08 Jan 2021 at 4:17 PM (22 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



42 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-01-08 2:43:01 PM  
This should add to Trump's stress level I'm betting
 
2021-01-08 2:44:57 PM  
$100M is nothing to them.

/not that they aren't in deep shiat
 
2021-01-08 2:54:03 PM  
Germany needs to take them to task already. How many times can they be caught laundering mob money before they lose their charter?
 
2021-01-08 3:12:10 PM  

somedude210: Germany needs to take them to task already. How many times can they be caught laundering mob money before they lose their charter?


That's the most amazing part.

Unless... they don't actually operate in Germany anymore?
 
2021-01-08 3:16:04 PM  
I wasn't aware you could  just pay prosecutors to leave you alone?
 
2021-01-08 3:24:47 PM  

Gubbo: I wasn't aware you could  just pay prosecutors to leave you alone?


Yeah, I didn't know this was an option.  Handy, if you have tons of documentation to destroy before they find out it exists.
 
2021-01-08 3:27:27 PM  

Benevolent Misanthrope: Gubbo: I wasn't aware you could  just pay prosecutors to leave you alone?

Yeah, I didn't know this was an option.  Handy, if you have tons of documentation to destroy before they find out it exists.


Banks are notorious for copies and duplicates. It takes forever to make sure you got everything.
 
2021-01-08 4:20:38 PM  
That's a shockingly small amount of money.

That's offensive.
 
2021-01-08 4:21:09 PM  
How about go fark yourselves and turn over all your equipment.

How does that sound for a counteroffer.
 
2021-01-08 4:21:28 PM  
In the final days of the Donald Trump presidency, his bank of choice - Deutsche Bank - will pay more than $100 million to delay prosecution by the Justice Department for allegedly violating foreign bribery laws, reportedly involving efforts to win business in China and other countries.


Barr!  You were supposed to nip this in the bud.  In. The. Bud.  Nip it!  Now I don't want to be your friend anymore.  I'm having cup cakes and soda.  You aren't invited.  Nyah..
 
2021-01-08 4:23:38 PM  
I want to know what Merkel and the ECB are doing about them.  Because it's not just a couple of rogue traders or loan officers.
 
2021-01-08 4:23:44 PM  
i've read the key is in the cooperation agreement - they pay a _small_ fine and cooperate on any and all investigations for the next three years. and if that holds they don't get prosecuted further.
which could be bad for anyone who's committed any kind of financial fraud, or money laundering with Deutsch bank
 
2021-01-08 4:23:44 PM  

somedude210: Germany needs to take them to task already. How many times can they be caught laundering mob money before they lose their charter?


They must have enough politicians by the somethings.

/What's the equivalent German idiom for short and curlies?
//Google says, kurz und lockig.
///But, German is so expressive I'm sure there's something better.
 
2021-01-08 4:24:34 PM  

somedude210: Germany needs to take them to task already. How many times can they be caught laundering mob money before they lose their charter?


How do you think these European nations can afford to provide their citizens with such generous benefits?

I'm serious. If it isn't 200 year old blood money from the colonial period, they've got to be up to something shady.
 
2021-01-08 4:24:47 PM  
I wonder why George Floyd was not allowed to only pay a fine instead of being choked to death while other police officers looked the other way.

It's almost like there are two separate and unequal justice systems for poor people and people of color.
 
2021-01-08 4:24:54 PM  
 
2021-01-08 4:24:58 PM  
So they are deferring their own lawsuit of bribery for that money for 3 years. And in conjunction, will comply with all issues taking place between 2008-2017?

Did i get that right?
 
2021-01-08 4:27:03 PM  
wait, isn't this just second bribery... but with extra steps?

Fark user imageView Full Size


/mmm, delicious extra steps
 
2021-01-08 4:27:21 PM  

somedude210: Germany needs to take them to task already. How many times can they be caught laundering mob money before they lose their charter?


That's kind of the key to the whole mess.  We need to straight up murder a few corporations to bring the world back into balance before they kill billions, whether directly or indirectly.
The legal mechanism exists in theory, the only things lacking are courage and vision.
 
2021-01-08 4:28:02 PM  
Oh subby, you sweet summer child.  Probably 200bn worth of business and they get away with this... so it's probably just the cost of doing business.

Honestly I don't know, but I can imagine it isn't actually that painful.
 
2021-01-08 4:30:56 PM  

punyrobot: https://twitter.com/KlasfeldReports/s​t​atus/1347623142261403648
more analysis here


I can't say this really answered my questions.  Does this mean the bank can possibly get off scot-free eventually by throwing Trump under the bus and paying a fine?  Is that it?
 
2021-01-08 4:35:44 PM  

intelanalyst78: Oh subby, you sweet summer child.  Probably 200bn worth of business and they get away with this... so it's probably just the cost of doing business.

Honestly I don't know, but I can imagine it isn't actually that painful.


yes.

austerity101: punyrobot: https://twitter.com/KlasfeldReports/st​atus/1347623142261403648
more analysis here

I can't say this really answered my questions.  Does this mean the bank can possibly get off scot-free eventually by throwing Trump under the bus and paying a fine?  Is that it?


and yes.
 
2021-01-08 4:35:44 PM  

austerity101: punyrobot: https://twitter.com/KlasfeldReports/st​atus/1347623142261403648
more analysis here

I can't say this really answered my questions.  Does this mean the bank can possibly get off scot-free eventually by throwing Trump under the bus and paying a fine?  Is that it?


I'm guessing its not just Trump.  There is probably lots of rum under that bus.
 
2021-01-08 4:35:53 PM  
The bank had the bribery charges deferred by bribing the judiciary ?
No wonder democracy is dying.
 
2021-01-08 4:36:46 PM  
Room.  Room under the bus.
Rum might be OK, but not under a bus.  That uncivilized.
 
2021-01-08 4:36:49 PM  

austerity101: punyrobot: https://twitter.com/KlasfeldReports/st​atus/1347623142261403648
more analysis here

I can't say this really answered my questions.  Does this mean the bank can possibly get off scot-free eventually by throwing Trump under the bus and paying a fine?  Is that it?


That's what i'm asking. They are postponing their own lawsuit for 3 years and agreeing to cooperate with investigators for events within a time period?
 
2021-01-08 4:37:06 PM  
More slaps on the wrist for the rich.

This country is going to keep sinking into economic quicksand because we can't fathom inconveniencing the rich and connected.
 
2021-01-08 4:37:08 PM  

Thunderbox: The bank had the bribery charges deferred by bribing the judiciary ?
No wonder democracy is dying.


see above
 
2021-01-08 4:37:38 PM  

Markus5: somedude210: Germany needs to take them to task already. How many times can they be caught laundering mob money before they lose their charter?

They must have enough politicians by the somethings.

/What's the equivalent German idiom for short and curlies?
//Google says, kurz und lockig.
///But, German is so expressive I'm sure there's something better.


You're looking for Schamhaar. It's really more apropos since it's essentially a direct translation of "short hairs", which is the more common saying afaik.

I am Tom Joad's Complete Lack of Surprise: somedude210: Germany needs to take them to task already. How many times can they be caught laundering mob money before they lose their charter?

That's the most amazing part.

Unless... they don't actually operate in Germany anymore?


The Deutsche Bank from this article is probably the US subsidiary. They have subsidiaries all over as well as their main operation in Frankfurt. That said, how they are still operating is a very very good question. The "controversy" section of their wiki page ain't short
 
2021-01-08 4:48:24 PM  
...but this $100 million isn't a bribe in any way shape or form.
 
2021-01-08 4:55:51 PM  

Markus5: austerity101: punyrobot: https://twitter.com/KlasfeldReports/st​atus/1347623142261403648
more analysis here

I can't say this really answered my questions.  Does this mean the bank can possibly get off scot-free eventually by throwing Trump under the bus and paying a fine?  Is that it?

I'm guessing its not just Trump.  There is probably lots of rum under that bus.


Well now, maybe I want under that bus. Sounds like a party
 
2021-01-08 4:56:57 PM  

Magnanimous_J: How do you think these European nations can afford to provide their citizens with such generous benefits?


1. they pay for things with higher rates of taxation, and they don't let private industry control public goods/services

/go back and refer to 1 if still confused
 
2021-01-08 5:00:09 PM  
So, they get to pay a bribe to defer the bribery charges?  Huh.
 
2021-01-08 5:00:28 PM  
I'm glad we still live in a world where you can buy your way out of charges.

/Wait, glad isn't the word I meant.
//Shocked?
///Not shocked.
 
2021-01-08 5:16:42 PM  

gameshowhost: Magnanimous_J: How do you think these European nations can afford to provide their citizens with such generous benefits?

1. they pay for things with higher rates of taxation, and they don't let private industry control public goods/services

/go back and refer to 1 if still confused


And the rich pay more taxes than the poor, and arent allowed to put the money in the caiman islands. They still do, but then sometimes they get caught.
 
2021-01-08 5:29:43 PM  

Lonestar: gameshowhost: Magnanimous_J: How do you think these European nations can afford to provide their citizens with such generous benefits?

1. they pay for things with higher rates of taxation, and they don't let private industry control public goods/services

/go back and refer to 1 if still confused

And the rich pay more taxes than the poor, and arent allowed to put the money in the caiman islands. They still do, but then sometimes they get caught.


yerp to that as well

this country is a huge plot of land, wants to be the biggest baddest of all, but is running on shoestrings

Fark user imageView Full Size


/everyone should note how Ireland's economy went insta-f*cky with their HURR CUT TAXES experiment
 
2021-01-08 5:29:55 PM  
As part of the agreement, Deutsche Bank agrees to fully cooperate with the Feds on any matters, including things completely unrelated those these charges...such as their dealings with Trump and his family and companies.
 
2021-01-08 5:35:17 PM  

I am Tom Joad's Complete Lack of Surprise: somedude210: Germany needs to take them to task already. How many times can they be caught laundering mob money before they lose their charter?

That's the most amazing part.

Unless... they don't actually operate in Germany anymore?


HQ is still in Frankfurt, I believe
 
2021-01-08 5:41:09 PM  
I wonder how many countries will want a piece of Trump's hide for various crimes??

This banks relationship with him
The US and various states
Scotland for fraud and laundering (and taxes)
Just to start

I'm sure there's even more...
 
2021-01-08 6:17:54 PM  
Serious question: can Trump pardon a corporation?
 
2021-01-08 6:40:40 PM  

tintar: intelanalyst78: Oh subby, you sweet summer child.  Probably 200bn worth of business and they get away with this... so it's probably just the cost of doing business.

Honestly I don't know, but I can imagine it isn't actually that painful.

yes.

austerity101: punyrobot: https://twitter.com/KlasfeldReports/st​atus/1347623142261403648
more analysis here

I can't say this really answered my questions.  Does this mean the bank can possibly get off scot-free eventually by throwing Trump under the bus and paying a fine?  Is that it?

and yes.


Well f*ck that noise.  These banks need to be taken down and broken up.  They shouldn't be able to buy their way out of lawsuits.  What the hell.  So much of the world's misery is because of them.
 
2021-01-08 7:03:33 PM  

SpshulEd: austerity101: punyrobot: https://twitter.com/KlasfeldReports/st​atus/1347623142261403648
more analysis here

I can't say this really answered my questions.  Does this mean the bank can possibly get off scot-free eventually by throwing Trump under the bus and paying a fine?  Is that it?

That's what i'm asking. They are postponing their own lawsuit for 3 years and agreeing to cooperate with investigators for events within a time period?


What is so great is Garland will be overseeing this now and not Barr. That 3 year time out may really hurt everyone involved.
 
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