| Epstein Deals of Deutsche
Bank Trigger $150M NYS Fine As UN Maxwell
Deals UNexplained
By Matthew
Russell Lee Patreon Periscope Song
BBC
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SDNY COURTHOUSE,
July 7 – After the death of
Jeffrey Epstein in the MCC
prison, on July 2 Acting US
Attorney for the Southern
District of New York Audrey
Strauss announced and unsealed
in indictment of Maxwell on
charges including sex
trafficking and perjury.
Inner City Press went to her
press conference at the US
Attorney's Office and asked,
Doesn't charging Maxwell with
perjury undercut any ability
to use testimony from her
against other, bigger
wrong-doers? Periscope here
at 23:07.
Strauss
replied that it is not
impossible to use a perjurer's
testimony. But how often does
it work?
Now on
July 7 from NYS Superintendent
of Financial Services Linda A.
Lacewell, this: "Deutsche
Bank AG, its New York
branch, and Deutsche Bank
Trust Company America
(collectively “Deutsche Bank”
or the “Bank”) have agreed to
pay $150 million in penalties
as part of a Consent Order
entered into with the New York
State Department of Financial
Services (“DFS” or the
“Department”) for significant
compliance failures in
connection with the Bank’s
relationship with Jeffrey
Epstein and correspondent
banking relationships with
Danske Bank Estonia (“Danske
Estonia”) and FBME Bank
(“FBME”).
This agreement marks the first
enforcement action by a
regulator against a financial
institution for dealings with
Jeffrey Epstein.
“Banks are the first line of
defense with respect to
preventing the facilitation of
crime through the financial
system, and it is fundamental
that banks tailor the
monitoring of their customers’
activity based upon the types
of risk that are posed by a
particular customer,”
Superintendent Lacewell said.
“In each of the cases that are
being resolved today, Deutsche
Bank failed to adequately
monitor the activity of
customers that the Bank itself
deemed to be high risk. In the
case of Jeffrey Epstein in
particular, despite knowing
Mr. Epstein’s terrible
criminal history, the Bank
inexcusably failed to detect
or prevent millions of dollars
of suspicious
transactions.”
With respect to the case of
Jeffrey Epstein, the Bank
failed to properly monitor
account activity conducted on
behalf of the registered sex
offender despite ample
information that was publicly
available concerning the
circumstances surrounding Mr.
Epstein’s earlier criminal
misconduct. The result was
that the Bank processed
hundreds of transactions
totaling millions of dollars
that, at the very least,
should have prompted
additional scrutiny in light
of Mr. Epstein’s history,
including:
payments to individuals who
were publicly alleged to have
been Mr. Epstein’s
co-conspirators in sexually
abusing young
women; settlement
payments totaling over $7
million, as well as dozens of
payments to law firms totaling
over $6 million for what
appear to have been the legal
expenses of Mr. Epstein and
his co-conspirators;
payments to Russian models,
payments for women’s school
tuition, hotel and rent
expenses, and (consistent with
public allegations of prior
wrongdoing) payments directly
to numerous women with Eastern
European surnames; and
periodic suspicious cash
withdrawals — in total, more
than $800,000 over
approximately four
years. This substantive
failure was compounded by a
series of procedural failures,
mistakes, and sloppiness in
how the Bank managed and
oversaw the Epstein accounts.
For example, certain
conditions imposed upon the
Epstein accounts by a Bank
reputational risk committee —
conditions that, if followed,
might have detected and
prevented many subsequent
suspicious transactions — (a)
were not transmitted to the
majority of the account
relationship team; and (b)
were misinterpreted by a
compliance officer in a way
that resulted in very little
actual change in how the
monitoring of the accounts
occurred. Throughout the
relationship, very few
problematic transactions were
ever questioned, and even when
they were, they were usually
cleared without satisfactory
explanation." We'll have more
on this.
In
the July 3 media coverage of
Epstein's procurer Ghislaine
Maxwell, media all of the
world used a video and stills
from it of Maxwell speaking in
front of a blue curtain, like
here.
What they
did not mention is something
Inner City Press has been
asking the UN about, as under
UNSG Antonio Guterres with his
own sexual exploitation issues
(exclusive video
and audio)
it got roughed up and banned
from the UN: Ghislaine Maxwell
had a ghoulish United Nations
press conference, under the
banner of the "Terramar
Project," here.
On July 5,
after some crowd-sourcing,
Inner City Press reported on
another Ghislaine Maxwell use
of the United Nations,
facilitated by Italy's
Permanent Representative to
the UN, UN official Nikhil
Seth and Amir Dossal, who also
let into the UN and in one
case took money from convicted
UN briber Ng Lap Seng, and
Patrick Ho of CEFC China
Energy, also linked to UN
Secretary General Antonio
Guterres.
At the
Ghislaine Maxwell UN event,
the UN Deputy Secretary
General was directly involved.
List of (some of)
the participants on Patreon here.
Antonio Guterres
claims he has zero tolerance
for sexual exploitation, but
covers it up and even
participate in it. He should
be forced to resign - and/or
have immunity waived.
Terramar
has been dissolved, even
though Maxwell's former
fundraiser / director of
development Brian Yurasits
still lists the URL on his
(protected) Twitter profile,
also here.
But now
Inner City Press has begun to
inquire into Ghislaine
Maxwell's other United Nations
connections, starting with
this photograph of another
day's (or at least another
outfit's) presentation in the
UN, here.
While co-conspirator Antonio
Guterres has had Inner City
Press banned from any entry
into the UN for two years and
a day, this appears to be in
the UN Economic and Social
Council (ECOSOC) chamber.
We'll have more on this, and
on Epstein and the UN. Watch
this site.
The case
is US v. Maxwell, 20-cr-330
(Nathan).
***
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