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Deutsche Bank and dead bank directors

A large number of bankers who have died in unclear circumstances in recent years probably knew too much.

This article is machine translated by Google from Norwegian

The 6. March 2013, 51 year-old bank manager David Rossi is said to have jumped back out of his office window. With bruises on both arms and a deep cut from a blow weapon in the head, Rossi landed on his back ten feet further down. The surveillance cameras show that Rossi's watch drops from the window after Rossi himself went to the ground, then two colleagues go to Rossi quite quietly and find that he is dead. Rossi's spouse Antonella later claimed that her husband "knew too much". Rossi was the communications manager of the world's oldest bank, Monte dei Paschi di Siena (MDP), which was founded in 1472 and is currently threatened with bankruptcy.

Increasing losses. MDP has survived more than five centuries, but the bank's involvement in a huge derivatives market, where, among other things, DNB has an amount the size of the Petroleum Fund, became too much for MDP. The bank directors who checked whether Rossi was dead, as well as most of his colleagues, are now charged with a number of financial crimes.

In 2008, MDP was insolvent and had to be rescued, and "Project Santorini" was conceived. In short, MDP borrowed large sums from Deutsche Bank (DB), which was used to trade derivative contracts. When the financial crisis came, the derivative portfolio went wrong, and MDP had to borrow more and more from DB to cover the losses. This time the project was called "Alexandria". A dozen projects later, MDP and DB ran over each other to cover ever-increasing losses. Then Rossi disappeared out the window.

Important witness. An increasing number of bankers from Seattle to Sienna died – a total of 72. No one asked questions about these mysterious deaths. One of the dead was William Broeksmit, who was found hanging from a dog collar by his spouse. Broeksmit left a brief suicide note to his spouse, three children and his friend Anshu Jain, former Deputy Chief of DB. Broeksmit was a pioneer in the development of derivative products. He was happily married, had three wonderful children and was wealthy. As his son Val summed it up, his father was "so far away from a suicide candidate it was possible". What seems likely is that Broeksmit's death is directly related to Rossi and the above-mentioned MDP projects.

When Broeksmits spouse found the man dead, she immediately called Michelle Faissola, global head of "Asset Management" in DB. Faissola was there minutes later, but according to his son Val was more interested in checking Broeksmit's PC than he was in his late friend. Now that Faissola is charged with Rossi's colleagues, it seems clear that Faissola had a strong interest in Broeksmit. Just before his death, the latter was director of the Deutsche Bank Trust Corporation in New York. With his long history in "risk management", Broeksmit probably knew a lot about the losses in MDP – probably to have been an important witness in ongoing legal proceedings. Faissola comes from what is described as an "Italian family with good contacts". He was involved in the introduction and creation of the derivative projects that now threaten to topple the world's oldest bank.

Source: EB Tucker, Casey Research, 22.11.2016

See the main issue here: "Economic crisis on the stairs"

Hans Eirik Olav
Olav has a long time from the financial world behind him.

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