Thread by @DawsonSField

Deutsche Bank admits guilt & agrees to pay $100M in DOJ agreement for bribing Chinese officials over a period of 15 years.
Deutsche Bank has now flipped on their former executives & handed over the #receipts #ButNothingsHappening

nytimes.com/2021/01/08/bus…

This criminal case comes out of the 2019 SEC case for corrupt business practices in China & Russia. Which is how these Swamp draining cases have been working, get them on one violation, get a cooperation agreement, then hand the receipts off to the next agency to investigate!

NYT's of course tries to make this about Trump, but can't figure out why Trump's DOJ is busting Swampy banks for global bribery schemes of politicians from the Obama & Bush Admins...

The SEC case coverage brought out more details of what was happening, but it's the same Swampy story. Paying consultants for access to politicians, hiring politicians' family members, gifts, & other ploys. nytimes.com/2019/10/14/bus…

If you follow me, this all looks familiar!

In 2019, the NYT's described it as a 2-decade effort to win business & influence in China & other unnamed countries...

Looks likes a law firm that represents Deutsche Bank was also involved in this long-term criminal enterprise. Even NYT's got 15 years of the documents as the #receipts surfaced last year!

Yes former executives are implicated too. But they take the usual Swampy defense, "this was the way things were done."

And for decades Swampy prosecutors looked the other way while politicians all over the world were getting bribed...

Deutsche Bank has been shady for a very long time. Which is probably why the FBI had Trump borrowing money from them to develop probable cause to go after their corrupt operations...

The crimes go back to before 2002 & included at least $14M to seven consultants for arranging introductions.

It also puts a lot of Chinese leaders in difficult positions when DB confesses to bribing them & hands over the #receipts!

The VP of China & 2 Politburo members were among those who got paid by DB in this scheme.

I can't wait to see the DOJ docs to see if they name these people in them. But no one paid attention when DOJ identified President Xi as one of the participants in the crimes in the Broidy guilty plea.

This case isn't just about the Deutsche Bank implications. As DB's former CEO said, they had to bribe Chinese Communist Party officials, it was how business was done. Their competitors? Goldman Sachs & Morgan Stanley who established those relationships during the Clinton Admin.

In addition to Hillary's favorite bankers at Goldman Sachs, JP Morgan, Credit Suisse & others have been implicated in similar bribery schemes to gain business in China.

At Deutsche Bank, pressuring the bank's global compliance office to approve shady deals is the kind of action that gets you promoted to be the "global chief operating officer for regulation, compliance and preventing financial crime." Fox promoted to guard the hen house....

The problem of course is that these are decades long crime sprees that require decade long investigations to get to the real criminals. Which in our 3 second attention span media environment leads people to think nothing is happening.