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Deutsche Bank faces $150 million fine for allegedly ignoring Jeffrey Epstein’s suspicious transactions

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On Tuesday, The Daily Beast reported that Deutsche Bank is being fined $150 million by New York State regulators for failing to flag suspicious transactions by billionaire wealth manager and accused child sex predator Jeffrey Epstein.

“In a press release, New York’s Superintendent of Financial Services Linda Lacewell announced the fine Tuesday for ‘significant compliance failures’ in relation to Epstein and his suspicious transfers,” said the report. “‘Despite knowing Mr. Epstein’s terrible criminal history, the bank inexcusably failed to detect or prevent millions of dollars of suspicious transactions,’ said Lacewell.”

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“The bank processed millions of dollars in transactions that the department said should have prompted ‘additional scrutiny’ because of Epstein’s criminal history,” continued the report. “Those include payments to people who were publicly alleged to have been Epstein’s co-conspirators in sexually abusing young women, as well as payments to Russian models and school tuition money for his victims.”

Epstein, who has been accused of trafficking dozens of girls and assaulting them at “sex parties” at his many estates, escaped meaningful prosecution in 2008 with a suspicious plea agreement brokered by President Donald Trump’s future Secretary of Labor Alex Acosta. He was finally charged for the full extent of his alleged crimes in 2019.

He was later found dead in his cell of apparent suicide at the Metropolitan Correctional Center in Manhattan, which has spawned a number of conspiracy theories and complicated the search for his co-conspirators. Questions also linger about how Epstein built and maintained his fortune in the first place, and what exactly was the nature of his secretive wealth management network. His longtime associate, British socialite Ghislaine Maxwell, was recently arrested as part of the ongoing investigation.

Deutsche Bank has been frequently suspected of facilitating money laundering for wealthy actors and corrupt nations. In addition to Epstein, it is also a major creditor for Trump and his businesses, and has been similarly accused of looking the other way on suspicious transactions in those accounts.


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Expert explains the psychopathology that underlies Trump’s dictatorial behavior

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I’m not being hyperbolic or melodramatic when I say that democracy itself is on the line on November 3. Donald Trump has been on a mission to subvert our democracy and to push it toward an autocracy. No president has ever disavowed democracy like Trump. No president has ever wanted to change our democratic way of life like Trump.

Trump has shown little interest or intent in following our Constitution. He is not abiding by the emoluments clause. He breaks norms and rules at will. He does not recognize that the three branches of government are co-equal. He operates as if the executive branch has total power. Our democracy is not based on the executive branch having absolute power. It requires that the three branches have separate powers in a check-and-balances system. Trump impugns democracy because it limits his power and requires him to be held accountable.

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‘Donald who?’ Presidential historian predicts GOP support for Trump will erode in the face of a ‘blue wave’

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MSNBC's Jon Meacham predicts that President Donald Trump won't be able to count on Republican support through a lengthy vote-counting process.

The historian and author told MSNBC's "Morning Joe" that GOP support may wane if Democrats strengthen their House majority and take over the Senate from Majority Leader Mitch McConnell, even if the results of the presidential election aren't known until weeks later.

"There's a much better chance that Joe Biden will end up somewhat centering the Democratic Party than anybody is going to come along and center the Republican Party," Meacham said, "and I think that's an existential threat to a Republican Party that has sold its soul, the check bounced, and they've got to figure out what are they going to do to attempt to be something approaching majority party in this demographically changing country."

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Historian details how ‘anti-science’ views of white evangelicals in the South helped fuel the 2nd wave of COVID-19

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When the coronavirus pandemic was killing thousands of New York City residents in the spring, many far-right Republicans in Texas and the Deep South argued that they shouldn’t be forced to practice social distancing or wear protective face masks because of a Northeastern Corridor problem. They failed to realize that pandemics, from the Black Death in Medieval times to the Spanish flu in 1918/1919, can rapidly spread from one place to another. Historian Laura Ellyn Smith, in a blistering op-ed for the Washington Post, discusses the fact that COVID-19 has been hitting the South so hard recently — and argues that the “anti-science” views of far-right white Christian fundamentalists are partly to blame.

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