SEC Whistleblower Goes Public with Deutsche Bank Allegations

, Corporate Counsel

   |1 Comments

Three whistleblowers have alleged—and the Securities and Exchange Commission is investigating—that Deutsche Bank AG hid billions of dollars in paper losses in securities portfolios during the 2008 financial crisis. And at least one accuser is going public with details.

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What's being said

  • RD Legal Funding

    This could be very big problems for Deutsche Bank. As one of the big banks of the world, it is battling lawsuits from all different directions in issues dealing with LIBOR, class action lawsuits from plaintiffs who lost money on the MBS securities, and now they have a whistleblower allegations to contend with. Whistleblowers have been successful in the past few years and if the allegations prove to be true it may be another case to add to the list.

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