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| Deutsche Bank whistleblower rejects award because SEC 'went easy' on execs | |
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| Tweet Topic Started: Aug 19 2016, 07:55 AM (206 Views) | |
| mysysail | Aug 19 2016, 07:55 AM Post #1 |
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Global_Hick
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https://www.theguardian.com/business/2016/aug/18/desutsche-bank-whistleblower-turns-down-award |
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| mysysail | Aug 19 2016, 07:57 AM Post #2 |
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Global_Hick
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A Deutsche Bank whistleblower has turned down his share of the $16.5m whistleblower award, stating that the Security Exchange Commission (SEC) did not do enough to punish the executives responsible for the bank’s wrongdoing. Eric Ben-Artzi, a former risk officer, went to the regulators after he was fired by Deutsche Bank for raising alarm over the bank’s inflated valuation of its portfolio of credit derivatives. According to him, by imposing a $55m fine on the bank but letting the executives off scot-free, the SEC has instead punished the bank’s “rank-and-file” employees and shareholders. |
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| Robertr2000 | Aug 19 2016, 10:36 AM Post #3 |
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DB is a shell. A bankrupt shell. It's a very large hollow bubble waiting for a very small pin. but then so are all the other big banks. DB is just in the worst shape. |
| "if that **** wins we'll all hang from nooses" | |
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8:52 PM Jul 10