Wednesday, August 1, 2012

Marine Links Teachers’ Wolf and Libor Spread Bets to Deutsche Bank 9/11

United States Marine Field McConnell has linked TIAA (Teachers) Trustee, Rosalie J. Wolf, to Libor spread betting in financial markets which enriched Deutsche Bank insiders having foreknowledge of the 9/11 attack.

McConnell claims that in 1998, Wolf folded a Bankers Trust spread-bet enterprise in London – BIDDS Broadgate Information Data Distribution System – into Deutsche Bank and set up the 9/11 man-in the-middle financial attack with John McArthur, trustee of Libor data compiler, Thomson Reuters.

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Rosalie J. Wolf [Matrix 5 principal and alleged man-in-the-middle extortionist of 16 Libor panel banks, Libor data compiler for the British Bankers Association, Thomson Reuters, and the BBA Libor professional associates, including Obama’s law firm Sidley Austin; Wolf is the Chair, Audit Committee TIAA Trustee since 1996; she allegedly linked the TIAA (Teachers) pension fund to Libor spread bets in financial markets; she allegedly enriched Deutsche Bank Libor insiders who knew of the 9/11 attack; she allegedly folded an illegal Bankers Trust spread-bet enterprise in London – BIDDS Broadgate Information Data Distribution System – into Deutsche Bank; she allegedly set up the 9/11 man-in the-middle attack on financial markets with John McArthur, trustee at Thomson Reuters, Libor data compiler; she has extensive experience as a senior financial officer for Fortune 50 companies, Wall Street investment banks, and large investment management firms; she was Treasurer and Chief Investment Officer of The Rockefeller Foundation from 1994-2000, where she led the restructuring of the $3.8 billion endowment; she joined Offit Hall, a large wealth management firm, as a partner and member of its Investment Committee in 2000; she founded and built the firm’s private equity fund of funds and ran its $1.5 billion private equity business, before leaving in 2004 to establish Botanica Capital Partners; she was a Managing Director of a racketeering operation at Bankers Trust, where she co-headed private equity investments and was a Managing Director in Corporate Finance; she served as a partner in Aldrich, Eastman and Waltch (AEW), a Boston based real estate investment firm, and previously as a principal in the Sprout Group, DLJ’s private equity business; she has fifteen years of international financial experience at Mobil Oil; she is a director and former Chairman of the Board of a mutual fund group at Alliance Bernstein; she is a director of North European Oil Royalty Trust, a NYSE company; she is currently a member of the Investment Committee of The David and Lucile Packard Foundation; she earlier served in a similar capacity at The William and Flora Hewlett Foundation; she holds A.B. and M.A. degrees in mathematics from Wellesley College, where she was elected to Phi Beta Kappa, and Northwestern University, where she was a teaching fellow; she has lectured at universities and industry programs including the Harvard Business School, Columbia University School of Business, and The CFA Institute, and has served as Executive in Residence at the Dartmouth and UNC Graduate Business Schools.]

“PROFITS OF DEATH -- INSIDER TRADING AND 9-11 by Tom Flocco - Edited by Michael C. Ruppert [© Copyright 2001. From The Wilderness Publications, www.copvcia.com. All Rights Reserved. May be recopied, distributed or posted on the worldwide web for non-profit purposes only.] For example, according to a 10-19-2001 Wall Street Journal report, an unnamed investor purchased 2,000 United Airlines (UAL) put option contracts through Deutsche Bank-Alex Brown on September 6 -- betting the stock would shortly plummet. And USA Today reported that an individual purchased 810 UAL puts on August 6. A Baron's source claimed on 10-8-2001 that the pre-attack UAL order placed through Deutsche Bank was for 2,500 contracts which were "split into 500 chunks each, directing each order to different U.S. exchanges around the country simultaneously." According to San Francisco Chronicle reporters Christian Berthelsen and Scott Winokur a source familiar with the UAL trades said investors have yet to claim $2.5 million in profits on contracts purchased before United airliners crashed into a New York Trade Tower and a deserted Pennsylvania field on September 11. The Chronicle source also identified Deutschebank-Alex Brown as the investment firm used to purchase some of the UAL options; and Rohini Pragasam, a bank spokeswoman, declined to comment on the transaction. The source (who requested anonymity) said, "Usually, if someone has a windfall like that, you take the money and run. Whoever did this thought the Exchange [NYSE] would not be closed for four days. This smells real bad." The German news weekly Der Spiegel revealed that Deutschebank also handled accounts worth about $100 million for Osama bin Laden's family. These were part of 10 accounts it suspected were linked to terrorists or terrorist activities and which it later handed over to German authorities after the attacks, according to a report in Britain's The Guardian. But no further comments have been forthcoming from the financial giant. German Central Bank President Ernst Welteke said a study -- concerning principal hijack subjects residing in Germany and unusual patterns in short-selling of insurance, airline and other financial company shares -- pointed to "terrorism insider trading" in those stocks.”

“Deutsche Bank docks in Canary Wharf 15/03/2012 Canary Wharf has beaten the City to land Deutsche Bank's long-running 150,000 sq ft office requirement. The German bank has selected 25 Churchill Place in Docklands, E14, as its preferred option to relocate staff from 6-8 Bishopsgate, EC2. Deutsche Bank had also been considering 5 Churchill Place, a 313,000 sq ft office block owned by Saudi billionaire Wafic Saïd. Mark McAlister, head of City agency at Colliers International, said: "Deutsche Bank looked at Canary Wharf in detail as far back as 1995, when it considered 25 North Colonnade. It has had some false dawns in the interim but the logic is clear now. It is cost conscious and this will be an economical deal."”

“Bankers Trust was an historic American banking organization. The bank merged with Alex. Brown & Sons before being acquired by Deutsche Bank in 1998. The company shied away from using market data distribution products from companies such as Reuters, instead choosing to develop its own systems in-house. A small development team based in London created BIDDS (Broadgate Information Data Distribution System) which included the Montage front-end package that traders used to obtain data from data feeds and broker screens. In early 1994, despite all its prowess in managing the risks in the trading room, the bank suffered irreparable reputational damage when some complex derivative transactions caused large losses for major corporate clients. Two of these -- Gibson Greetings and Procter & Gamble (P&G) -- successfully sued BT, asserting that they had not been informed of, or (in the latter case), had been unable to understand the risks involved. BT Alex. Brown logo in use between 1997 and 1999 following its acquisition of Alex. Brown & Sons In 1997, Bankers Trust acquired Alex. Brown & Sons, founded in 1800 and a public corporation since 1986, in an attempt to grow its investment banking business. The bank suffered major losses in the summer of 1998. Shortly before the Deutsche Bank acquisition in November 1998, BT pled guilty to institutional fraud due to the failure of certain members of senior management to escheat abandoned property to the State of New York and other states. Rather than turn over to the states funds from dormant customer accounts and uncashed dividend and interest checks as required by law, certain of the bank's senior executives credited this money as income and moved it to its operating account. Bruce J. Kingdon, the head of the bank's Corporate Trust and Agency group spearheaded the fraud and (in 2001) entered into a guilty plea in the US District Court for the Southern District of New York and was sentenced to community service. Certain of his subordinates were thereafter barred forever by the SEC from working in the securities markets. With the Bank's guilty plea in the escheatment lawsuit, and thereafter its status as a convicted felon, it became ineligible to transact business with most municipalities and many companies which are prohibited from transacting business with felons. Consequently, the acquisition by Deutsche Bank was a godsend to the bank's shareholders, who avoided being wiped out.

In November 1998, Deutsche Bank agreed to purchase Bankers Trust for $10.1 billion; the purchase was finalized on June 4, 1999. CEO Frank N. Newman received $55 million in severance. Deutsche Bank sold Bankers Trust Australian division to the Principal Financial Group in 1999 who, in turn, sold it to Westpac October 31, 2002. This organisation now uses the name BT Financial Group. Deutsche Bank announced on November 5, 2002 that it would sell The Trust and Custody division of Bankers Trust to State Street Corporation. The sale finalized in February 2003.”

“Deutsche Bank admits Libor involvement Germany's biggest bank faces regulatory action after admitting complicity in rate-fixing scandal along with Barclays Jill Treanor guardian.co.uk, Tuesday 31 July 2012 19.17 BST … Germany's biggest bank, Deutsche Bank, prepared the ground for regulatory action in the Libor rigging scandal by admitting that a "limited number" of its staff had been involved. As Swiss bank UBS insisted it was not at the centre of the interest rate debacle, Deutsche said "action had been taken accordingly" against those staff found to have been involved. UBS, as the first bank to reveal the existence of investigations into Libor, is receiving leniency for co-operating with inquiries. Deutsche's supervisory board head Paul Achleitner insisted in a letter to staff that "no current or former member of the management board had any inappropriate involvement". Deutsche's admission follows a warning by Royal Bank of Scotland that it too expects to be drawn into the Libor debacle in the wake of the £290m fine slapped on Barclays. Barclays refused to comment on reports that its offices in Milan had been raided in connection with the investigations.”

More to follow.

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