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

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Right-wing conspiracy theory pushed by President Donald Trump

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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2020 Election

Supreme Court mail-in voting ruling raises alarm: Democrats may ‘never win another national election’

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A divided Supreme Court rejected a Pennsylvania Republican effort to curtail mail-in voting, but experts say the Democratic victory may be short-lived — and confirming Supreme Court nominee Amy Coney Barrett would be a "disaster for Democrats."

This article was originally published at Salon

With Chief Justice John Roberts joining the court's three liberals, the court split 4-4 to reject a request from Pennsylvania Republicans to block an order from the state's Supreme Court allowing mail-in ballots to be counted if they are received within three days of Election Day — even if they do not have a clear postmark. The tie left the state decision in place, which Democratic lawyers hailed as "great news for voting rights."

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2020 Election

Trump can ‘rage from the balcony’ but he ‘will not succeed’: Dem super lawyer promises to protect the vote

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President Donald Trump has a lot of options available to him when it comes to his attempt to steal the election. That doesn't mean they'll work, however.

In an interview with Democratic "super-lawyer" Bob Bauer, "The Circus's" John Heilemann listed a few scenarios for Trump trying to steal the election.

"We already have an electoral infrastructure -- a voting system -- that is not always adequately resourced or supported," Bauer explained. "You take that system, you layer on top of it a pandemic, you lay on top of that destructive behavior by one of the major political parties who espouses this kind of nonsense, and you add on top of that the internet-distributed misinformation plays, and that just means that the task that you have to address these contingencies is much larger than it's been as a structural matter any time in the past."

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2020 Election

Will American elections ever again be legitimate?

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Only an established, legal “right to vote“ can defeat Republican voter suppression.

Republican politicians and conservative commentators are shocked, shocked! that Chief Justice John Roberts would say that people who voted before election day in Pennsylvania but their ballots were delayed by Lewis DeJoy’s sabotage of the Post Office should have their vote counted.

Increasingly, this election is coming down to the simple question of how effective 40 years of concerted Republican voter suppression efforts will be.

Their main strategy, particularly since George and Jeb Bush got together in 2000 to use a Texas felon list to purge 90,000 Black people off voting roles in Florida, has been removing the names of people who are legitimate voters.

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