January 2021 – Page 4 – Financial Treason & Crime

finews.asia, 11 January 2021

Deutsche Bank will look to avoid U.S. charges of bribery and manipulation of precious metals markets by making a payment totaling nearly $125 million.

Almost the entire payout relates to charges against the German lender over its dealings in Saudi Arabia, Abu Dhabi, China and Italy, according to court papers, with a criminal fine making up two-thirds of the total sum, according to a court hearing in New York.

Prosecutors claim that Deutsche Bank violated the federal Foreign Corrupt Practices Act (FCPA) which prohibits firms with U.S. operations from paying bribes elsewhere. Continue reading “Article: Deutsche Bank Strikes a Deal on Bribery”

01/11/202103/08/2021

Article: ‘Big Short’ investor says his big Tesla short is getting ‘bigger and bigger’

Article - Media, Publications

‘Big Short’ investor says his big Tesla short is getting ‘bigger and bigger’

Pressboltnews, 11 January 2021

Short sellers, caught on the wrong end of a $38 billion hit in 2020, suffered “the largest yearly mark-to-market loss” Ihor Dusaniwsky of S3 Partners has ever seen. One of those under water on that trade: Michael Burry.

The investor, made famous in the book and film, “The Big Short,” for his prescient bet against the U.S. housing market, announced in early December that he was shorting Tesla at “ridiculous” levels. It’s been ugly for Burry and the rest of the shorts since then, with the Tesla shares up more than 44% in the past month. Over the past year, the stock has exploded for a gain of 820%, making CEO Elon Musk the richest man in the world. On Friday, Tesla stretched its record winning streak to 11 sessions in a row, closing at another record. Continue reading “Article: ‘Big Short’ investor says his big Tesla short is getting ‘bigger and bigger’”

01/11/202102/26/2021

Article: Americas Gold and Silver begins commercial production at Relief Canyon

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Americas Gold and Silver begins commercial production at Relief Canyon

Carl Surran, 11 January 2021

Americas Gold and Silver (NYSEMKT:USAS) declares the start of commercial production at its Relief Canyon mine in Nevada, with full ramp-up for the operation targeted for May.

The company says the operation has consistently met the required stacking rates since the return of the mine’s large radial stacker in December, which was the final item required to declare commercial production. The stacker suffered a structural failure in May, requiring extensive repair work to be completed off-site.

2020 was an “extremely disappointing year” for Americas Gold & Silver, with a massive drop in metals output and revenue Y/Y due to issues at Cosala and delays at Relief Canyon, Taylor Dart notes in an analysis posted on Seeking Alpha.
Continue reading “Article: Americas Gold and Silver begins commercial production at Relief Canyon”

01/11/202104/17/2021

Article: Texas AG Probing Tech Giants Over Parler Ban

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Texas AG Probing Tech Giants Over Parler Ban

Jack Queen, 11 January 2021

Texas Attorney General Ken Paxton on Wednesday demanded tech giants including Google, Amazon and Apple hand over details about their content moderation policies after conservative social media site Parler was effectively booted from the web following last week’s deadly Capitol riot.

Paxton, a Republican who is leading a separate antitrust blitz against tech titans, also demanded information from Facebook and Twitter, saying the “seemingly coordinated deplatforming” of President Donald Trump and others raises First Amendment and competition concerns. Continue reading “Article: Texas AG Probing Tech Giants Over Parler Ban”

01/11/202104/17/2021

Article: Google Hit With $2B Antitrust Suit Over ‘Rigging’ Its Algorithm

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Google Hit With $2B Antitrust Suit Over ‘Rigging’ Its Algorithm

Melissa Angell, 11 January 2021

Video-sharing site Rumble, which reportedly has a large base of politically conservative users, hit Google with a $2 billion antitrust suit Monday in California federal court, accusing the tech giant of unlawfully “rigging” its search algorithm to elevate Google’s own YouTube platform over competitors.

Toronto-based Rumble alleges that the tech behemoth diverted massive web traffic by manipulating its search algorithm to preferentially display YouTube links in the search results over those of Rumble and other video rivals. Continue reading “Article: Google Hit With $2B Antitrust Suit Over ‘Rigging’ Its Algorithm”

01/11/202101/11/2021

MEMORANDUM FOR THE PRESIDENT OF THE UNITED STATES OF AMERICA: Subject: Immediate Opportunity to Confiscate $100 Trillion in Illicit Wealth from Wall Street

Book

As delivered to POTUS, Patrick Byrne, Mike Flynn, & Sidney Powell. The Chief of Staff was not able to block this one.

FULL COLOR CARTOONS INCLUDED. Letter size for maximum effect. A collector’s item.

Wall Street has stolen over $100 trillion dollars from Main Street over the past fifteen years. They have also laundered over $100 trillion in dirty money from trafficking in children, drugs, and other contraband.

This means that there is $200 trillion in illicit wealth all of which is confiscatable by the President via civil and criminal forfeiture, without trial.

#MAGA is assured. This memorandum is worth $100 trillion to We the People. Share it broadly, please.

01/08/202103/17/2021

Article: Deutsche Bank Reaches $100 Million Deferred-Prosecution Deal

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Deutsche Bank Reaches $100 Million Deferred-Prosecution Deal

Bloomberg, 08 January 2021

Deutsche Bank AG agreed to pay more than $130 million to settle criminal and civil charges that it bribed foreign officials and manipulated the market for precious-metals futures through a trading tactic known as spoofing. The Frankfurt-based bank agreed to a deal in which it won’t be prosecuted as long as it doesn’t engage in the practices again for more than three years, and wasn’t required to spoofing. Big banks have been rushing to conclude legal deals before the change of U.S. administrations, partly out of concern that there may be stiffer fines under a Democratic president. Three top U.S.-based banks agreed to pay more than $4 billion in settlements announced just before the November election, on issues ranging from bribery to market manipulation. Continue reading “Article: Deutsche Bank Reaches $100 Million Deferred-Prosecution Deal”

01/08/202104/17/2021

Article: Deutsche Bank To Pay Over $130M For FCPA, Fraud Violations

Article - Media, Publications

Deutsche Bank To Pay Over $130M For FCPA, Fraud Violations

Jack Queen, 08 January 2021

Deutsche Bank AG agreed Friday to fork over more than $130 million to resolve separate yearslong bribery and commodities fraud schemes in a pair of agreements with the U.S. Department of Justice and the U.S. Securities and Exchange Commission.

Under the terms of a deferred prosecution agreement with the DOJ, the German bank will pay criminal penalties of $79.5 million for Foreign Corrupt Practices Act violations involving bribes to consultants in Saudi Arabia, Abu Dhabi and Italy in an effort to secure business there. Continue reading “Article: Deutsche Bank To Pay Over $130M For FCPA, Fraud Violations”

01/08/202104/03/2021

Article: Deutsche Bank to pay nearly $125 million to resolve U.S. bribery, metals charges

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Deutsche Bank to pay nearly $125 million to resolve U.S. bribery, metals charges

Jonathan Stempel, Noor Zainab Hussain, 08 January 2021

NEW YORK (Reuters) – Deutsche Bank AG will pay nearly $125 million to avoid U.S. prosecution on charges it engaged in foreign bribery schemes and manipulated precious metals markets, the latest blow for the bank as it tries to rebound from a series of scandals.

Germany’s largest lender agreed to the payout as it entered a three-year deferred prosecution agreement with the U.S. Department of Justice, and a related civil settlement with the U.S. Securities and Exchange Commission.

Almost all of the payout relates to charges Deutsche Bank violated the federal Foreign Corrupt Practices Act (FCPA) over its dealings in Saudi Arabia, Abu Dhabi, China and Italy, court papers show. Nearly two-thirds of the payout is a criminal fine. Continue reading “Article: Deutsche Bank to pay nearly $125 million to resolve U.S. bribery, metals charges”

01/08/202102/19/2021

Article: As gold crashes, Jim Cramer says money is ‘all going to crypto’

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As gold crashes, Jim Cramer says money is ‘all going to crypto’

Cointelegraph, 08 January 2021

As the price of gold plunged on Friday, CNBC’s Jim Cramer said the rise of crypto may partly explain the sudden disinterest in the precious metal — a potential sign that the mainstream has flipped the script on Bitcoin (BTC) and digital assets.
Continue reading “Article: As gold crashes, Jim Cramer says money is ‘all going to crypto’”

01/08/202103/15/2021

Article: Market Manipulation and Trading Violations

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Market Manipulation and Trading Violations

MCONSTANTINE CANNON, 08 January 2021

Deutsche Bank Aktiengesellschaft entered into a deferred prosecution agreement and agreed to pay over $130 million to resolve charges that the financial services company violated the FCPA and engaged in a commodities fraud scheme. The SEC charged that Deutsche Bank made payments to individuals including foreign officials, their relatives, and their associates as third-party intermediaries and consultants to obtain and retain global business, and lacked sufficient internal accounting controls related to the use and payment of such intermediaries, resulting in millions in bribe payments or payments for unknown, undocumented, or unauthorized services that were inaccurately recorded as legitimate business expenses with documentation falsified by Deutsche Bank employees. The agreed payment represents a $79.6 million criminal penalty and $43.3 million in disgorgement in prejudgment interest to the SEC. Separately, in connection with a spoofing scheme undertaken by Deutsche precious metals traders in New York, Singapore, and London the bank agreed to a total of $7.5 million in criminal penalties, disgorgement, and restitution, the penalty amount of which will be credited against a 2018 $30 million CFTC civil penalty for substantially the same conduct.

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01/08/202103/23/2021

Article: Russian cybercriminal sentenced to 12 years for ‘massive hacking campaign’ impacting 100 million US citizens

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Russian cybercriminal sentenced to 12 years for ‘massive hacking campaign’ impacting 100 million US citizens

Jessica Haworth, 08 January 2021

A Russian citizen has been sentenced to 12 years in prison for his involvement in a “massive” computer hacking campaign that saw the theft of 100 million individuals’ data.

Andrei Tyurin, 37, of Moscow, was handed a 144-month detention order by a New York court yesterday for his part in the cybercrime operation against US financial institutions, brokerage firms, news publishers, and other targets. Continue reading “Article: Russian cybercriminal sentenced to 12 years for ‘massive hacking campaign’ impacting 100 million US citizens”

01/08/202103/10/2021

Article: Russian Hacker Jailed in U.S. for $19M Fraud

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Russian Hacker Jailed in U.S. for $19M Fraud

The Moscow Times, 08 January 2021

A Russian hacker was sentenced to 12 years in a U.S. prison Thursday for consumer data theft worth $19 million from 100 million customers of over a dozen financial service companies, the Justice Department said.

Andrei Tyurin, 37, pleaded guilty in 2019 after his extradition from the country of Georgia the previous year, admitting to computer intrusion, wire fraud, bank fraud and illegal online gambling offenses. The U.S. accused him of making criminal profits from financial sector hacks between 2007 and mid-2015. Continue reading “Article: Russian Hacker Jailed in U.S. for $19M Fraud”

01/08/202103/15/2021

Article: BRIEF-U.S. accuses Deutsche Bank of concealing bribes, manipulating precious metals futures

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BRIEF-U.S. accuses Deutsche Bank of concealing bribes, manipulating precious metals futures

Reuters Staff, 08 January 2021

Deutsche bank, which entered a deferred prosecution agreement with u.s. Prosecutors, agrees to pay $43.3 million in disgorgement, interest in parallel civil settlement with securities and exchange commission — court filing u.s. Prosecutors accused deutsche bank of falsely concealing bribes paid to a client’s ‘decisionmaker’ in saudi arabia to retain that client’s business — court filing u.s. Prosecutors accused deutsche bank of falsely concealing millions of dollars of payments made to an intermediary acting as a proxy for an official in abu dhabi u.s. Prosecutors accused deutsche bank of books and records violations arising from the saudi- and abu dhabi-related payments, and other matters, from 2009 to 2016 u.s. Prosecutors accused deutsche bank of having from 2008 to 2013 manipulated precious metals futures markets, the subject of a prior civil settlement with the u.s. Commodity futures trading commission

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01/07/202104/12/2021

Article: Boeing to Pay $2.5 Billion to Settle Criminal Charge Over MAX Jet

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Boeing to Pay $2.5 Billion to Settle Criminal Charge Over MAX Jet

Evie Liu, 07 January 2021

Boeing agreed to pay $2.5 billion to settle a criminal charge that it sought to deceive the Federal Aviation Administration as it sought initial certification for the troubled 737 MAX jet.

The Justice Department disclosed the agreement Thursday in a news release, titled in part, “Boeing Charged with 737 MAX Fraud Conspiracy.” The department said it and the company had entered into a deferred prosecution agreement that will give Boeing amnesty if it meets certain criteria.

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