PART 6
Jeffrey Epstein’s Links to Deutsche Bank
Jeffrey Epstein’s ties to Deutsche Bank go back decades, and potentially earlier. After working for Bear Stearns earlier in his career and then as a so-called “financial bounty hunter” with ties to intelligence-linked arms dealers and Wall Street, Epstein set up a Ponzi scheme with Steve Hoffenberg called Tower Financial, which collapsed in 1993 and subsequently landed Hoffenberg 20 years in prison. Epstein’s name, despite being a clear co-conspiractor, was suspiciously dropped from the case during the trial. Hoffenberg subsequently alleged that Epstein used his ill-gotten gains from Tower Financial alongside a series of suspect loans from Deutsche Bank to create his investment company.
Hoffenberg subsequently told The Observer the following:
“His lead bank is Deutsche Bank, Germany, that runs the lead on his financial trust company. They run the platform in the trading of the currencies for Epstein and with Epstein. He’s never disclosed to the investors that provide the money to Deutsche Bank his true legacy, that’s securities fraud.”
Following that point, Epstein’s financial activities, aside from his Deutsche Bank-enabled investment vehicle, were publicly conducted through Bear Stearns (until its 2008 collapse) and J.P. Morgan. When J.P. Morgan dropped Epstein as a client, he again turned to Deutsche Bank in 2013, becoming a client of the bank’s private wealth division in New York. Anti-money laundering compliance officers at the bank’s branches in New York and Florida subsequently flaggedEpstein’s accounts in 2015, in 2016 and again in 2019, creating suspicious activity reports regarding the movements of large amounts of funds tied to Epstein-linked accounts outside of the U.S.
However, the bank did not fully terminate their relationship with Epstein until June 2019, just a few weeks prior to his arrest last year. Epstein was believed to have dozens of accounts with the bank at one point and those accounts were shut down slowly over a period of several months beginning in late 2018.
Ties that Bind
The narrative emerging that Den Hollander was motivated to kill Esther Salas’ husband and sons due to his hatred of feminism is a rapid attempt to explain away a story that clearly warrants further investigation, albeit into avenues that mainstream media and powerful individuals in the public and private sectors prefer remain untouched.
PART 7
As the heinous act targeting the Salas family has shown, individuals with a lot to lose are willing to go to the farthest extremes to keep the ties of Epstein to the financial sector and to intelligence out of sight and out of mind. Indeed, just last December, Epstein’s personal banker at Deutsche Bank, Thomas Bowers, the chief of Deutsche Bank’s Private Wealth Management division in New York from 2012 to 2015, was found dead in his home. His death was quickly ruled a suicide by hanging. Bowers had also signed off on “unorthodox” loans, not just for Epstein, but Donald Trump, who has his own ties to the Epstein scandal.
Aside from Epstein’s use of the money, Deutsche Bank has been notorious for years as a cesspool of money launderingfor organized crime networks, paying $14.5 billion in fines in just seven years for official action taken against the bank by several governments. It is highly likely that the brutality of what happened outside the Salas family home on Sunday is more related to Deutsche Bank than Epstein, as numerous powerful individuals have ties to the embattled bank.
Even the recent move by Attorney General William Barr to remove SDNY District Attorney Geoffrey Berman from his post appears to be more related to Berman’s efforts to investigate Deutsche Bank than the Epstein scandal, as some have alleged. This is because Barr’s new pick for Berman’s old job counts Deutsche Bank among his former clients and notably defended the bank in a recent anti-money laundering probe, whereas Berman was investigating the bank (albeit for political reasons that took aim at the bank’s dealings with Trump).