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"A Deutsche Bank whistleblower rejected his portion of a $16.5 million award for exposing corporate crime because the Securities and Exchange Commission (SEC) let bank officials off the hook, he said Thursday.Former risk manager Eric Ben-Artzi, who went to federal authorities in 2010 after he was fired from Deutsche Bank for alerting its officials of improper accounting, said the bank and the SEC were so deeply entwined in a revolving-door culture that commissioners refused to properly investigate the firm's top executives.", www.commondreams.org
"A whistleblower who is in line to receive $8 million for exposing alleged securities law violations at Deutsche Bank AG said on Thursday that he is giving up his award because regulators only fined the company and didn’t go after the managers responsible for the misconduct.", www.marketwatch.com
"A former Deutsche Bank risk officer has refused his share of a $16.5 million award from the Securities and Exchange Commission (SEC) for reporting misdeeds. Eric Ben-Artzi accuses the SEC of not going after executives, but hitting lower-ranked employees.", www.rt.com
"FRANKFURT: A whistleblower who helped expose systematic overvaluing of credit derivatives at Deutsche Bank said on Friday he had rejected a multi-million-dollar US award for his actions, lamenting that shareholders and employees were the victims.`I will not join the looting of the very people I was hired to protect,` Eric Ben-Artzi wrote in an opinion piece in the Financial Times (FT).Ben-Artzi, a risk officer, was one of a trio of whistleblowers who went to the US financial regulator, the Secur", www.brecorder.com
"Sign up to receive FirstFT by email here Test your knowledge with our week in news quiz. A whistleblower who helped expose false accounting at Deutsche Bank has turned down a multimillion-dollar award from the Securities and Exchange Commission in", www.ft.com
"One of the gutsiest Wall Street pros said Thursday he will turn down an $8.25 million reward on principle. Eric Ben-Artzi, a former risk officer at Deutsche Bank, will not accept his half of a $16.5 million reward because “top executives” of the bank were not prosecuted. Ben-Artzi blamed Securities and Exchange Commission boss Mary Jo White for failing to bring bank executives to justice after Deutsche Bank was found to have engaged in balance sheet shenanigans. “So, why did the SEC not go after Deutsche’s executives?” Ben-Artzi wrote in an op-ed in the Financial Times. “The most obvious concern is that Deutsche’s top lawyers ‘revolved’ in and out of the SEC before, during and after the illegal activity at the bank.” Two top SEC lawyers, Robert Rice and Robert Khuzami, were former premier lawyers at DB, Ben-Artzi wrote. “[White] bears ultimate responsibility for the Deutsche fine,” he said. Last", nypost.com
"A former Deutsche Bank AG risk officer said he was refusing an $8.25 million reward from the Securities and Exchange Commission for blowing the whistle on the lender overvaluing a derivatives portfolio, because of his concern that the SEC didn’t go after senior executives.", www.bloomberg.com
"A former employee of Deutsche Bank who helped to reveal the financial institution’s false account statements has refused to accept a multimillion-dollar award from the Securities and Exchange Commission (SEC), The Financial Times reports.", sputniknews.com
"A whistleblower who helped reveal false accounting at Deutsche Bank (DBKGn.DE) has refused an $8.25 million award from a U.S. securities regulator because of the agency's failure to punish bank executives, the Financial Times reported on Thursday.", in.reuters.com
"A whistleblower who is in line to receive $8 million for exposing alleged securities law violations at Deutsche Bank said on Thursday that he is giving up the award because regulators only fined the company and didn’t go after the managers responsible for the misconduct.", www.wsj.com
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