{"id":19435,"date":"2020-07-07T16:10:26","date_gmt":"2020-07-07T20:10:26","guid":{"rendered":"http:\/\/stateofthenation.co\/?p=19435"},"modified":"2020-07-07T16:10:26","modified_gmt":"2020-07-07T20:10:26","slug":"heres-how-the-international-banking-crime-syndicate-takes-care-of-their-best-investments","status":"publish","type":"post","link":"http:\/\/stateofthenation.co\/?p=19435","title":{"rendered":"Here&#8217;s how the International Banking Crime Syndicate takes care of their best investments."},"content":{"rendered":"<h1>Deutsche Bank &#8220;Inexcusably Failed&#8221; To Monitor Jeffery Epstein&#8217;s Accounts, Fined $150 Million<\/h1>\n<p><!--more-->ZeroHedge.com<\/p>\n<p>The New York State Department of Financial Services (NYDFS) released a statement Tuesday morning,\u00a0seen by\u00a0<a href=\"https:\/\/www.cnbc.com\/2020\/07\/07\/jeffrey-epstein-case-deutsche-bank-fined-150-million-penalty-for-relationship.html?__source=androidappshare\">CNBC<\/a>, indicating\u00a0Deutsche Bank has been fined $150 million for banking transactions with accused child sex trafficker Jeffrey Epstein, who is now dead.<\/p>\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe id=\"twitter-widget-0\" class=\"\" title=\"Twitter Tweet\" src=\"https:\/\/platform.twitter.com\/embed\/index.html?dnt=false&amp;embedId=twitter-widget-0&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1280487001821777928&amp;lang=en&amp;origin=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fdeutsche-bank-slapped-150-million-fine-over-jeffery-epstein&amp;siteScreenName=zerohedge&amp;theme=light&amp;widgetsVersion=9066bb2%3A1593540614199&amp;width=550px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"1280487001821777928\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<p>NYDFS said\u00a0Deutsche Bank agreed to the multi-million dollar penalty for &#8220;failing to\u00a0properly monitor account activity conducted on behalf of the registered sex offender despite ample information that was publicly available concerning the circumstances surrounding Mr. Epstein&#8217;s earlier criminal misconduct.&#8221;<\/p>\n<p>Banking regulators have been\u00a0investigating\u00a0Epstein&#8217;s dealings with the bank for months, including past lending and transactions, along with dozens of accounts linked to him shortly before he died last August.<\/p>\n<p>The investigation of\u00a0Deutsche Bank focused on why the bank continued to do\u00a0business with\u00a0Epstein despite internal concerns that were raised, a separate report via\u00a0<a href=\"https:\/\/www.nytimes.com\/2020\/07\/07\/business\/jeffrey-epstein-deutsche-bank-settlement.html\">The New York Times<\/a>\u00a0recently said.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/epstein%20db.jpg?itok=bCmU7eZ2\" data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/epstein%20db.jpg?itok=bCmU7eZ2\" data-link-option=\"0\"><picture><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/epstein%20db.jpg?itok=npIrPgVO 1x\" type=\"image\/jpeg\" media=\"all and (min-width: 1280px)\" \/><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/epstein%20db.jpg?itok=npIrPgVO 1x\" type=\"image\/jpeg\" media=\"all and (min-width: 480px)\" \/><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/epstein%20db.jpg?itok=npIrPgVO 1x, https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/epstein%20db.jpg?itok=npIrPgVO 2x\" type=\"image\/jpeg\" media=\"all and (min-width: 1024px)\" \/><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_desktop\/public\/inline-images\/epstein%20db.jpg?itok=npIrPgVO 1x\" type=\"image\/jpeg\" media=\"all and (min-width: 768px)\" \/><source srcset=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/epstein%20db.jpg?itok=bCmU7eZ2 1x\" type=\"image\/jpeg\" \/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/epstein%20db.jpg\" alt=\"\" width=\"500\" height=\"333\" data-entity-type=\"file\" data-entity-uuid=\"3e27c58c-3db4-43dd-bf84-e6f5aad7bd15\" data-responsive-image-style=\"inline_images\" \/><\/picture><\/a><\/p>\n<p>&#8220;Despite knowing Mr. Epstein&#8217;s terrible criminal history, the bank inexcusably failed to detect or prevent millions of dollars of suspicious transactions,&#8221; Linda A. Lacewell, NYDFS&#8217;\u00a0superintendent, said in a statement.<\/p>\n<p>NYDFS said payments from Epstein&#8217;s Deutsche Bank account(s) were made to his co-conspirators who sexually abused women. Other payments were made &#8220;to Russian models, payments for women&#8217;s school tuition, hotel and rent expenses, and (consistent with public allegations of prior wrongdoing) payments directly to numerous women with Eastern European surnames,&#8221; the department added.<\/p>\n<p>NYDFS also noted\u00a0Epstein&#8217;s &#8220;periodic suspicious cash withdrawals \u2014 in total, more than $800,000 over approximately four years.&#8221;<\/p>\n<p>Deutsche Bank was\u00a0Epstein&#8217;s lender from 2013-2019, even as other financial institutions labeled him\u00a0a red flag.<\/p>\n<p>A Deutsche Bank spokesperson\u00a0acknowledged to\u00a0<a href=\"https:\/\/www.ft.com\/content\/a19e6cdc-55ae-4dda-aca3-42197280e558?emailId=5f047ad78ab7c100042b7e8b&amp;segmentId=3d08be62-315f-7330-5bbd-af33dc531acb\">Financial Times<\/a>\u00a0of the mishap with\u00a0Epstein, saying:\u00a0<em><strong>&#8220;Our error of onboarding Epstein in 2013 and the weaknesses in our processes.&#8221;\u00a0<\/strong><\/em><\/p>\n<p>___<br \/>\n<a href=\"https:\/\/www.zerohedge.com\/markets\/deutsche-bank-slapped-150-million-fine-over-jeffery-epstein\">https:\/\/www.zerohedge.com\/markets\/deutsche-bank-slapped-150-million-fine-over-jeffery-epstein<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Deutsche Bank &#8220;Inexcusably Failed&#8221; To Monitor Jeffery Epstein&#8217;s Accounts, Fined $150 Million<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-19435","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/19435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19435"}],"version-history":[{"count":0,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=\/wp\/v2\/posts\/19435\/revisions"}],"wp:attachment":[{"href":"http:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19435"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/stateofthenation.co\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}