Jane, that was one of the first thought I had at the first announcement. Think I even mentioned it here. How would LA and SF deal with it in their homeless communities? DJT has repeatedly warned them all to “clean it up”! Now they will be forced to
Nikk has some good research on Vatican Bank that may also be connected. Remember Pence LONG visit to Pope Right after Christmas IIRC. All the trips to Italy by our LEO. Who’s dying?
Clown operation?
NIKK..I’m working on banks..to see where it leads.
February 27, 2020, 10:23 a.m.
Investigation
:
Cum-ex-raid on Dutch bank in Frankfurt
Armed police officers entered the building: the aim of the action is the large bank ABN Amro.
By Jan Willmroth , Frankfurt
Due to cum-ex-transactions at the expense of the state treasury, investigators with a large police force moved into the banking district of Frankfurt on Thursday. According to information from the Süddeutscher Zeitung and WDR, the action is aimed at the major Dutch bank ABN Amro. According to eyewitnesses, several team cars and other emergency vehicles drove up to their German branch on Mainzer Landstrasse on Thursday morning, and armed police officers entered the building. In addition to prosecutors, officials from the Federal Criminal Police Office, the Federal Police and the tax investigation department were on duty.
The institute will be searched for the second time within a few months. Unlike in mid-November, the investigators apparently decided this time to be less discreet. In the context of the investigations into tax-driven stock transactions, which has been going on for years, such a large-scale campaign is rare. According to information from SZ and WDR, the Cologne public prosecutor is leading the measures this time.
ABN Amro is said to have been involved in various Cum-Ex cycles. This emerges from testimony from the Cologne public prosecutor’s office as well as knowledge from several cum-ex proceedings, including proceedings by the Frankfurt public prosecutor’s office. In a very simplified way, business is about simulating tax payments and having a single dividend tax refunded several times. In this context, law enforcement officers are investigating several hundred suspects on suspicion of serious tax evasion and have been targeting banks for years. The tax damage is in the billions.
The Frankfurt Attorney General had announced during the first searches at ABN Amro in November that six people were suspected of serious tax evasion in connection with the stock deals, including two former authorized officers of “a Frankfurt investment bank”. The accused are said to have done cum-ex transactions in the hundreds of millions in 2008 and 2009. The tax offices were misled by false tax certificates. Damage according to the General Prosecutor’s Office: 53.3 million euros. The two former authorized officers are said to have “processed” short sales via the bank, it said in a statement by the authority in November.
The Cologne public prosecutor apparently mainly investigates cases from the years after 2009 in two investigative complexes. The main suspects include several former managers of one of the predecessor institutes of today’s ABN Amro group. The mother institute of the German private bank Bethmann emerged from the once nationalized Belgian-Dutch bank Fortis and the then ABN Amro after the financial crisis. The Dutch state still owns 56.3 percent of the shares in the bank.
A spokesman for ABN Amro said that the exact background of the raid was not yet known. “ABN Amro is cooperating fully with the German authorities,” it said in writing. In the current quarterly report, the bank explicitly mentioned its cum-ex involvement. Several predecessors of the banking group were involved “directly or indirectly” in these transactions, it says. The group, based in Amsterdam, cooperates with the authorities in Germany and provides requested information “to the greatest possible extent”. That the investigators move into the institute a second time, and then with so much blue light, suggests that they disagree on the last point - because most of the raids related to Cum-Ex hardly anyone notices ,
Not far from the scene of the current raid, there was a comparable case almost eight years ago. In the scandal surrounding tax fraud with CO certificates, 500 civil servants, some of whom were heavily armed and helmeted, had marched into the headquarters of Deutsche Bank - an unequivocal reaction to the fact that, despite clear warnings, the bank did not find it necessary to cooperate with the investigators ,