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N.A.T.O. ——> DEUTSCHLAND: Frank-Walter Steinmeier: "Selbstmord" @ DEUTSCHE BANK

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Ras Mikaere Enoch Mc Carty

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Jun 19, 2016, 2:41:51 AM6/19/16
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Questions over spate of ‘suicides’ among Deutsche Bank executives

http://www.news.com.au/finance/business/banking/questions-over-spate-of-suicides-among-deutsche-bank-executives/news-story/f03c963669d7e01e8d9cca2f64240567

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A MYSTERIOUS spate of deaths among bankers connected to a global scandal has
prompted questions about whether the supposed suicides were something more
sinister.

Three bankers in New York, London and Siena, Italy, died within 17 months of
each other in 2013/14 in what authorities deemed a series of unrelated
suicides.

But in each case, the victim had a connection to a burgeoning global banking
scandal, leaving more questions than answers as to the circumstances
surrounding their deaths.

The March 6, 2013, death of David Rossi — a 51-year-old communications
director at Monte dei Paschi di Siena, the world’s oldest bank — came as the
institution teetered on the brink of collapse.

Rossi was found dead in an alleyway beneath his third-floor office window in
the 14th-century palazzo that served as the bank’s headquarters.

SHADOWY FIGURES

A devastating security video shows Rossi landing on the pavement on his
back, facing the building — an odd position more likely to occur when a body
is pushed from a window.

The footage shows that the three-storey fall didn’t kill Rossi instantly.
For almost 20 minutes, the banker lay on the dimly lit cobblestone,
occasionally moving an arm and leg.

As he lay dying, two murky figures appear. Two men appear and one walks over
to gaze at the banker. He offers no aid or comfort and doesn’t call for help
before turning around and calmly walking out of the alley.

About an hour later, a co-worker discovered Rossi’s body. The arms were
bruised and he sustained a head wound that, according to the local medical
examiner’s report, suggested there may have been a struggle prior to his
fall.

But the death was ruled a suicide to the disbelief of Rossi’s widow,
Antonella Tognazzi. She was quoted in the Italian press as saying her
husband “knew too much.” She staged public demonstrations and hired a lawyer
to investigate her husband’s death.

Among the evidence Tognazzi pointed to was the alleged suicide note, in
which Rossi referred to her as Toni. He never called her Toni, she said.

THE EMAIL

Two days prior to his death, according to his wife, Rossi sent a cryptic
email to the bank’s chief executive Fabrizio Viola.

“I want guarantees of not being overwhelmed by this thing,” he wrote. “We
would have to do right away, before tomorrow. Can you help me?”

It remains a mystery what specifically Rossi thought could “overwhelm” him
just before his death, but many have speculated that he was referring to
Monte Paschi’s troubled financial position.

Rossi was a close confidant to former bank president Joseph Mussari, who was
the driving force behind Monte Paschi’s 2008 $US7.5 billion takeover of
Banca Antonveneta.

Many banking analysts agreed at the time that Monte Paschi paid too much in
the acquisition that Deutsche Bank financed.

LIBOR SCANDAL

The same year as Rossi’s death, European and US regulators began to probe
what would become known as the Libor scandal, in which London bankers
conspired to rig the London Interbank Offered Rate — an overnight interest
rate that determines the interest banks charged on mortgages, and auto and
personal loans across the globe.

It also determines the rate banks like Monte Paschi pay for loans like the
one it used to finance the purchase of Banca Antonveneta.

The scandal would cost international banks — most notably Deutsche — nearly
$20 billion in fines.

Monte Paschi also got involved in risky derivatives that took heavy losses
during the financial crisis of 2008.

The esteemed bank, founded 20 years before Christopher Columbus crossed the
Atlantic, was being investigated at the time of Rossi’s death for its
handling of billions in these risky derivative bets involving Deutsche Bank
and Merrill Lynch.

In October 2014 Mussari and two other Monte Paschi executives were convicted
by Italian authorities of obstructing regulators and misleading
investigators on the bailed-out Italian bank’s finances in the wake of the
acquisition of Banca Antonveneta.

In January of this year, three executive from Deustche Bank were also
implicated civilly, including Michele Faissola, the wealth management
director the German bank — charged by Italian authorities of colluding with
the troubled Monte Paschi in falsifying accounts, manipulating the market,
and obstructing justice. Faissola denies these charges.

‘UNSETTLING’ FACTS

While at least 40 bankers have killed themselves in the 17-month period
starting March 2013 in the wake of the global banking scandal, the
circumstances of Rossi’s death — and two others — stand out as particularly
mysterious.

In January 2014, the body of William Broeksmit, 58, a high-ranking Deutsche
Bank executive, was found hanging in his London flat from a dog leash tied
to the top of a door.

Financial papers were strewn about, and on a dog bed near the body were a
number of notes to family and friends. One was addressed to Deutsche Bank
chief executive Anshu Jain, with an apology. But that note — never publicly
revealed until now — offered no clue as to the reason he was sorry.

Broeksmit’s high-ranking colleague at Deutche was Michele Faissola, who
arrived on the gruesome scene after Broeksmit’s wife told his stepson, Val
Broeksmit, to phone him. He arrived minutes later, and began going through
the bank papers and read the suicide notes.

“He did go to my father’s computer which was, at the time, I thought a
little weird,” said Val Broeksmit.

There is no evidence Faissola was involved in any misconduct related to
Broeksmit’s death, but the stepson said he still wonders what, if anything,
Faissola was searching for. Faissola declined comment.

In emails provided to The New York Post by his stepson Val, Broeksmit had
just messaged friends about his excitement to go on a ski vacation scheduled
for a week later.

Although a report from Broeksmit’s clinical psychologist revealed that
Broeksmit was “very anxious about authorities investigating areas of the
bank at which he worked,” his depression over the Libor investigation the
year before seemed to have lifted, according to a doctor who’d given him a
clean bill of health a month before his death, said his stepson. Val found
other unsettling facts while going over his father’s personal papers and
e-mails.

“Yes he killed himself,” Val Broeksmit told The Post. “But there’s a
question: could it be suicide by extortion, could it be suicide by pressure
or saying if you don’t do this, we’re going to do this? There’s a couple
suspicions I have.”

A CONSCIENTIOUS DIRECTOR

In early 2013, Jain planned to make Broeksmit chief risk officer for the
entire bank. He was an expert in the esoteric field of derivatives, of which
Deutsche had roughly $US60 trillion worth on its books. But German banking
regulators nixed the appointment because it said he lacked the requisite
experience.

Broeksmit left the bank in June, but a few months later took a position in
New York as a director of Deutsche Bank Trust Company of America, the United
States arm of the German banking giant. It was his reward for his long
service after butting heads with German banking authorities.

DBTCA was the former Banker’s Trust, which Deutsche bought in 1998. It’s the
custodial arm for wealthy clients to park money for trust funds and other
long-term investing.

Deutsche Bank’s asset and wealth management unit was overseen by Michele
Faissola, who along with Broeksmit reported directly to chief executive
Jain.

But, unlike most bank directors, Broeksmit’s natural curiosity and work
ethic didn’t permit him to just turn up for a monthly meeting and cash a
paycheck. He began to dig in, looking at the operation.

“[My father] didn’t just want to show up,” said Val Broeksmit.

A month before his death, William Broeksmit wrote — in what his son says
shows his anger — to fellow executives asking why he should take the lead on
a sticky matter of the upcoming Federal Reserve-mandated stress test for the
bank.

He also questioned the “generous” loan-loss numbers being used by the bank,
afraid that federal regulators would see the bank was losing more on loans
than the books showed. Large losses could lead the feds to slap the bank
with restrictions.

“Who is recommending that I do this? I am supposed to be an independent
director and this puts me further into a role aligned with management,” he
wrote.

LIBOR LAWYER FOUND DEAD

Two years ago, the mystery of the banker suicides hit New York City.
Calogero “Charles” Gambino, 41, a married father of two kids, was Deutsche’s
in-house lawyer for 11 years at the bank’s downtown headquarters. He was
working on defending the bank against Libor charges and other regulatory
probes.

On October 20, 2014, Gambino’s body was found by his wife Maria hanging from
an upstairs balcony of his Brooklyn home, a neatly kept white brick
townhouse in Bay Ridge with ornamental stone fretwork at the roof line. The
rope was snaked through the banister and tied off on the knoll post on the
first floor.

There was no reported note and his tight-knit family has refused to speak
about his death.

The Post reached out to the widow numerous times only to be told by a
Deutsche Bank spokesperson that his wife “did not wish to be disturbed and
please remember she has two young children.”

The serious-looking, bespectacled banker was a New York success story — a
graduate of St John’s University and St John’s Law School who spent two
years working at the Securities and Exchange Commission as an enforcement
lawyer.

He then moved to the white-shoe law firm Skadden Arps as an associate for
four years before taking the position at Deutsche Bank, where he moved up
the ranks to become an associate general counsel and managing director.

In his work as corporate counsel for Deutsche, Gambino had dealings with
many of the bank’s European executives — including Michele Faissola and
William Broeksmit.

Mostly it was Gambino’s colleague, outside counsel Mark Stein of Simpson
Thatcher, who had the direct contact. Stein, who declined to comment,
advised Broeksmit and Faissola in 2012 and 2013 on the Libor probes.

Deutsche Bank ultimately reached a settlement with the Department of
Justice, paying $12 billion in fines, without any admission of liability.

Gambino’s death was ruled a suicide. In his case and in the cases of both
Rossi and Broeksmit, probers never looked for, nor discovered, common
threads.

But all three men worked for, or did business with, Deutsche Bank. Moreover,
it appears that one or more of the scandals that enveloped Deutsche Bank
and/or Monte Paschi since the financial crisis had crossed each of their
desks.

It remains to be seen if the circumstances leading to Gambino and Broeksmit’s
deaths will ever be reconsidered. But questions are being asked and answered
in Rossi’s case.

Late last year, Italian authorities exhumed his body and reopened their
investigation. A ruling on whether Rossi killed himself or was murdered is
expected later this month.












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Ras Mikaere Enoch Mc Carty
Maangai Kaawanatanga - Tainui Kiingitanga - Te Aotearoa
http://www.exorcist.org.nz — Ko te Mana Motuhake
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——> U.S.A. EXPORTS = PSYCHOTROPICS [mass shooters]
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