Keep on FReeting ;)
Deutsche Bank and the Paradise Papers -
Deutsche Bank has been embroiled in controversy on a fairly consistent basis for the past three years, going back to its $7B settlement with the U.S. government over fraudulent mortgage practices
More connections -
https://offshoreleaks.icij.org/nodes/80056554
Deutsche Bank (Cayman) Limited | ICIJ Offshore Leaks Database
This ICIJ database contains information on more than 785,000 offshore entities that are part of the Panama Papers, the Offshore Leaks, the Bahamas Leaks and the Paradise Papers investigations. The data covers nearly 80 years up to 2016 and links to people and companies in more than 200 countries and territories.
Paradise Papers link -
Paradise Papers: Secrets of the Global Elite
A major global collaboration reveals secrets from one of the world’s most prestigious offshore law firms, a specialized trust company and 19 company registries in secrecy jurisdictions.
A trove of 13.4 million records exposes ties between Russia and U.S. President Donald Trump’s billionaire commerce secretary, the secret dealings of the chief fundraiser for Canadian Prime Minister Justin Trudeau and the offshore interests of the queen of England and more than 120 politicians around the world.
The leaked documents, dubbed the Paradise Papers, show how deeply the offshore financial system is entangled with the overlapping worlds of political players, private wealth and corporate giants, including Apple, Nike, Uber and other global companies that avoid taxes through increasingly imaginative bookkeeping maneuvers.
One offshore web leads to Trump’s commerce secretary, private equity tycoon Wilbur Ross, who has a stake in a shipping company that has received more than $68 million in revenue since 2014 from a Russian energy company co-owned by the son-in-law of Russian President Vladimir Putin.
The new files come from two offshore services firms as well as from 19 corporate registries maintained by governments in jurisdictions that serve as waystations in the global shadow economy. The leaks were obtained by German newspaper Süddeutsche Zeitung and shared with the International Consortium of Investigative Journalists and a network of more than 380 journalists in 67 countries.
380 'journalists' - caveat emptor...
From the Forbidden City, on the Paradise Papers: According to the papers, United States Secretary of Commerce Wilbur Ross holds stakes in businesses which deal with Russian oligarchs Leonid Mikhelson and Gennady Timchenko who are subject to U.S. sanctions,[8] as well as Russian president Vladimir Putin’s son-in-law, Kirill Shamalov.[104]
When reporters working on the Paradise Papers contacted Ross concerning his stake in Navigator Holdings, he did not deny the tie, but the day before his response became public he shorted the stock and apparently made a profit after the stock price dropped 4% after the story appeared.[105]
Other members of the Trump administration that appear in the documents include former United States Secretary of State Rex Tillerson and former director of the National Economic Council Gary D. Cohn.[2][104][106] Offshore ties of more than a dozen Trump advisers, Cabinet members and major donors appear in the leaked data.[107]
Tillerson, while CEO of Exxon Yemen, was a director of a company with a joint venture agreement with a Yemeni state-owned company. He sued when Yemen ended the joint venture and turned over operations to a Yemeni company, and lost. He was still a company director and the offshore company was still active as recently as 2015.[108]
The documents also revealed that, between 2009 and 2011, Russian state organizations with ties to Putin pursued large investments in Facebook and Twitter via an intermediary—Russian-American entrepreneur Yuri Milner, who befriended Facebook founder Mark Zuckerberg[109] and was a business associate of Jared Kushner, President Donald Trump’s son-in-law.[110]
American singer Madonna, Microsoft co-founder Paul Allen, American billionaire George Soros, founder of Open Society Foundations,[111] and former NATO supreme commander in Europe General Wesley Clark are also named in the papers.[112]
This list includes some of President Donald Trump’s foremost donors, who together funneled nearly $60 million to organizations supporting his campaign and transition. They include casino magnate Sheldon Adelson; resort owner Steve Wynn; hedge fund managers Robert Mercer and Paul Singer; and private equity investors Tom Barrack, Stephen Schwarzman, and Carl Icahn.
Prominent Democratic donors also appear in the law firm’s files. Questions have arisen about Democratic Party donor Penny Pritzker’s compliance with federal ethics rules. She had pledged to divest from more than 200 firms when she was confirmed as President Barack Obama’s commerce secretary in 2013, but records show that she transferred assets to a company owned by her children’s trusts, which shared the same address as her office.[113]
The late financier and convicted sex offender Jeffrey Epstein also figures in the Paradise Papers, as chairman from at least 2000 to 2007 of a Bermudan-registered company, Liquid Funding, Ltd., partially owned by Bear Stearns.[114]
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