That was a smarmy answer to @springerwrites smarmy question.
Thread got muddied by it, but if you look at it further you'll see I responded to your evidence with a detailed backgrounder by a credible source.
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I looked and could not find it. I guess it is lost in that tangled string :)
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No problem, since you've demonstrated your interest, I'm happy to post for it again
I did some homework and looks like you're the accounting type.
So you'll likely appreciate an objective view by retired branch chief of IRS's Criminal Investigation division, Martin Sheil.2 replies 0 retweets 0 likes -
Replying to @EWorrum @dacrimmins and
Here's a series where Martin objectively documents some of the questions that justifiably could be asked about Trump & co: 1: https://whowhatwhy.org/2018/01/08/deutsche-bank-global-bank-oligarchs-american-russian-part-1/ … 2: https://whowhatwhy.org/2018/01/15/deutsche-bank-global-bank-oligarchs-american-russian-part-2/ … 3: https://whowhatwhy.org/2018/02/01/deutsche-bank-global-bank-oligarchs-american-russian-part-3/ … If you prefer, here's a podcast:https://whowhatwhy.org/2018/01/24/deutsche-bank-dots-russiagate-connect/ …
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Pretty weak tea. Guilt by association. Could not find an broken law. Single source. Just beating the same Deutsche Bank drum. Real Estate Developers do business with the bank that gives the best combination of service and rates. DB surely qualifies.
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Perhaps you missed the bit where I said it was a bit of a backgrounder - it's just an appetizer
Good to see you read it though, because for some weird reason, many folks choose to ignore doing their research, and they just say "witch hunt".
Ok, let's continue with evidence.1 reply 0 retweets 0 likes -
Replying to @EWorrum @dacrimmins and
Rightfully you say you prefer multiple sources, here's the NYT's finance editor explaining that relationship with DB - the launderer of choice for Russian mobsters. Even though a bank industry outsider, you might appreciate that it's "really" weird.https://www.kcur.org/post/deutsche-bank-rosetta-stone-unlock-trump-finances-journalist-says#stream/0 …
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Replying to @EWorrum @dacrimmins and
Anyone who's worked in banks knows of red flags because there's constant training. Even in Deutsche. While autonomous credit models are used, reputation & history is still a big part. That's why pretty much all the other banks wouldn't touch Donald. Boy did he have red flags.
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Replying to @EWorrum @dacrimmins and
Not possible they didn't know. Even you in Atlantic City knew about his well-documented losses. And yet here we have DB doing business with him, getting counter-sued & burned, switching to another division, lending cash to pay back the other division debt. Rum stuff indeed
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Replying to @EWorrum @dacrimmins and
Actually, there were DB staff who raised money-laundering alarms on Trump & Kushner. They said senior management at the private bank killed their reports. Moreover, staff allege this was systematic within Deutsch
https://www.nytimes.com/2019/05/19/business/deutsche-bank-trump-kushner.html …2 replies 0 retweets 0 likes
As an ex-banker myself, I can confirm that "alarms" about transactions are routinely raised and dismissed in the normal course of business. Based on experience, I'm guessing 90% of alarms turn out to be nothing of concern.
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Could be accurate - I never worked in Compliance. Also possible that 90% were/are ignored, given abysmal track record of banks round the world. Eg. HSBC (Mexico ML), Deutsche (Russia ML), Barclays (Libor), Swedbank & Danske (Russia ML), Wells Fargo (cars & accounts) etc, etc
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Replying to @EWorrum @ScottAdamsSays and
Ed Worrum Retweeted
Reminds me that banks are using big data to help better identify fraud. One approach is network analysis. The essence of that is one's character is defined by one's relationships (also said by John Pierpont Morgan!). Makes sense. As Scott sagely said: https://twitter.com/ScottAdamsSays/status/1183209126920249344 …
Ed Worrum added,
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