Ailing Deutsche Bank Racks Up Another $41 Million In Fines Related To Money Laundering $DB

Deutsche Bank – which announced they would need to raise 8 billion Euros in March, was hit with a $41 million fine on Tuesday for failing to employ adequate anti-money-laundering oversight.

Deutsche Bank’s insufficient monitoring involved billions of dollars in “potentially suspicious transactions” that were processed between 2011 and 2015, the Fed said. The transactions involved affiliates in Europe that failed to provide “accurate and complete information,” the regulator said. –Bloomberg

The $41 million penalty follows a $630 million judgment in January for their involvement in a $10 billion Russian money-laundering scheme involving the bank’s Moscow, New York, and London branches.

It gets better… The $670 million in aforementioned money laundering fines pales in comparison to the $7.2 billion the German bank agreed to pay in January for misleading investors on residential mortgage-backed-securities leading up to the credit crisis.

“This resolution holds Deutsche Bank accountable for its illegal conduct and irresponsible lending practices, which caused serious and lasting damage to investors and the American public,” Attorney General Loretta Lynch said in a release.

“Deutsche Bank did not merely mislead investors: it contributed directly to an international financial crisis,” Lynch added. –CNBC

This doesn’t sound good at all

Deutsche Bank’s March announcement of an 8 billion euro special rights offering was previously declared a ‘last resort’ by CEO John Cryan, and brings the overall money raised over the last few years to over 30 billion Euros. Germany’s largest bank also abandoned plans to spin off their Postbank retail bank subsidiary, and they are re-integrating their market trading operations with corporate / investment banking. That’s not the behavior of a healthy bank.

As ZeroHedge pondered in February – is it time to panic about Deutsche Bank?

 

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When migrants cross the border from El Salvador, they’re not sending their best. Criminals, drug dealers, and rapists have been sneaking into our great country in droves – which in the words of Donald Trump, “has become a dumping ground for everybody else’s problems.”

And while President Obama released nearly 600 illegal immigrants convicted of sex crimes in 2015 because their home countries wouldn’t take them – the ‘law and order’ President is doing the exact opposite…

The Washington Post, which, in a rare moment of journalistic integrity used verifiable sources, has reported that the government of El Salvador is freaking out over the record number of MS-13 gang members Trump has started to drop back in their home countries.

This year the U.S. government has deported 398 gang members to this country, compared with 534 in all of 2016, according to Salvadoran government statistics. This sharp increase in the rate of gang deportations — and the prospect of more gang roundups in the United States — has prompted Salvadoran authorities to hold emergency meetings and propose new legislation to monitor suspected criminals who are being sent home.

Trump has railed against MS-13

Throughout the 2016 election, Trump mentioned MS-13 in several tweets and speeches – citing the notably violent gang as a prime example of the types of violence illegal immigration, and rightly so. MS-13 is possibly the most notorious street gang in the Western Hemisphere. Originating in refugee-rich neighborhoods in Los Angeles in the 80’s, the gang’s territory now extends all the way from El Salvador to Canada – engaging primarily in human trafficking and drug smuggling.

In Central America, MS-13’s presence has contributed heavily to making the “Northern Triangle” of Guatamala, El Salvador, and Honduras – the most violent place in the world not at war. (more)

ICE arrests

The New York Times – also using actual sources, reports that immigration arrests are up 38% for the first three months of 2017 over the same period last year.

From Jan. 22 to April 29, ICE officers arrested 41,318 people, at a rate of more than 400 people per day, compared with 30,028 over roughly the same period in 2016, the data showed.

“These statistics reflect President Trump’s commitment to enforce our immigration laws fairly and across the board,” said Thomas Homan, the acting director of ICE, on a phone call with reporters.

And while only about half of the increase in ICE arrests were for illegal immigrants who had otherwise committed no crimes, the message is clear; there’s a line to get into the country. Get in it and wait your turn.

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Last Tuesday, Uber admitted to underpaying NY drivers by tens of millions of dollars over 2.5 years – the second such admission in three months. Dicks!

Uber said it had mistakenly underpaid New York drivers since late 2014, an accounting error that will likely cost it tens of millions of dollars. The company said it would refund the money plus interest, which comes to an average of about $900 per driver. It didn’t say how the error occurred or who was responsible. –wsj

In the wake of last week’s embarrassing announcement, the company shitcanned their New York general manager Josh Mohrer – who is leaving to become managing director of Tusk Ventures, which according to the WSJ is “a consulting firm that for years has helped Uber battle regulators, and which is also an investor in Uber.”

Is that a step down?

Now let’s think about the future. Uber is definitely planning on deploying fleets of driverless cars as soon as possible – allegedly even stealing trade secrets from Google. Instead of overpaying pesky humans by tens of millions – they’ll be paying robots nothing.

That, of course, is how the robot uprising begins. Thanks Uber.

 

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Days after Hillary Clinton coughed and sputtered her way through the 2017 Wellesley College commencement address, the failed 2016 Presidential candidate and her $500,000 Moscow speech giving husband Bill sauntered down the street at the Chappaqua Memorial Day parade. Hillary donned a pair of her best seizure preventing Morpheus sunglasses, while Bill looked like quite the dapper rapist in his sporty Nikes.

These are the same glasses Hillary wore on Sept 11th, 2016 – right before seizing up and having to be thrown into a van in a beef-handling manner.

.@HillaryClinton wearing anti-seizure Zeiss Z1 sunglasses at Chappaqua Memorial Day parade. pic.twitter.com/T0fvT4WN60

— Josh Caplan (@joshdcaplan) May 29, 2017

This is not a well woman

Sick Hillary was wearing anti-seizure lenses (Zeiss Z1 blue lenses). #ClintonCollapse pic.twitter.com/RijYfY3OtJ

— Mike Cernovich (@Cernovich) September 11, 2016

@ZeroPointNow Photosensitivity in patients with epilepsy can be controlled using a blue lens #science https://t.co/12cjUBB6om

— SIDS exposed ?? (@SIDSexposed) May 30, 2017

Hillary and Bill made their way to some sitting area and conserved energy

 

WHAT ARE THOSE?

Tell me, Hillary voters… How do you think Madam President would be handling the rigors of the Oval Office right now?

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Texas state Rep. Matt Rinaldi (R-Irving) was assaulted and physically threatened by Democrat colleagues after the Republican lawmaker called ICE on protesters opposed to the state’s tough new law on sanctuary cities. According to Rinaldi, several people were carrying signs which read “I am illegal and here to stay.”

Hispanic legislators nearby were enraged by Rinaldi’s call to ICE – who Rinaldi said “threatened my life on the House floor.”

“We called law enforcement trying to incentivize them to leave the House,” Rinaldi told the Texas Tribune. “They were disrupting. They were breaking the law.”

“I was pushed, jostled and someone threatened to kill me,” Rinaldi said. “It was basically just bullying.”

Nevárez said in an interview with the Tribune that he put his hands on Rinaldi and told him to take his argument outside the House chamber. “But was I going to shoot the guy? No,” he said. –Texas Tribune

Matt Rinaldi’s statement

A statement regarding today. pic.twitter.com/M0BcBXa43P

— Matt Rinaldi (@MattRinaldiTX) May 29, 2017

According to Democrat representative Ramon Romero Jr., Rinaldi allegedly said “Fuck them, I called ICE.”

Rep. Rafael Anchía talks about the first amendment

“For us, this looks like the fabric of Texas, and this looks like Texans exercising their First Amendment right against a law that they perceive to be hateful and unjust,” Rep. Rafael Anchía (D), chairman of the caucus, said about the diverse group of protesters. “That is a cornerstone of our democracy.”

“To others, I guess it appeared like a group of undocumented persons in the gallery somehow doing something unlawful who need to be deported. Those were some of the words used by Representative Rinaldi,” Anchía continued.

Angry protestors

Loud voices in the gallery..
Open mouths on the floor..#TxLege #SB4 #SineDie pic.twitter.com/g6NzVWsLMI

— Ramon Romero Jr. (@RepRamonRomero) May 29, 2017

Not-so angry protestors

Man, Texas knows how to protest. pic.twitter.com/976zeoxYNL

— john r stanton (@dcbigjohn) May 29, 2017

More

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Eric Clanton – the 28 year old California philosophy professor unmasked by 4chan and subsequently arrested and charged with four felonies for assaulting Trump supporters with a bike lock – is facing serious jail time.

First, let’s check out the police report

Clanton is accused of hitting at least seven victims including Sean Stiles over the head with a ‘U-shaped’ bike lock. Stiles required 5 staples.

Clanton’s apartment was searched and a cache of Antifa paraphernalia was removed (shocker).

  

Clanton has a prior arrest for demonstrating with BLM in 2014

And I doubt his Antifa tattoo will help in prison

Now let’s look at part of the criminal complaint filed Friday (download entire .pdf here)

Full list of charges

Full list of charges for Antifa bike lock professor Eric Clanton pic.twitter.com/kKboWb1lvm

— Jack Posobiec ?? (@JackPosobiec) May 26, 2017

Adding it up

While I’m not a lawyer, it’s clear Clanton is alleged to have committed crimes which carry enhanced sentences: Three of the four felony charges allege a ‘serious felony,‘ while the attack on Sean Stiles is being considered a ‘serious felony and a violent felony.‘

Let’s take a look at California sentencing guidelines for assault with a deadly weapon that is not a firearm:

4 felony charges = up to 16 years

But wait – there are enhancements!

Three of Clanton’s charges are “serious” and one is “violent and serious.” So tack on 5 years for each of the three serious felonies, and 15 years for the serious and violent felony.

So, if Eric Clanton is found guilty and the judge throws the book at him, he’s looking at up to 46 years and $40,000 in fines. Tack on 6 more months for allegedly committing the crime(s) while wearing a mask.

Does anyone think he’ll serve anywhere near that?

In Berkeley? Against Trump supporters? I’m not holding my breath. For starters, the judge could order that Clanton serve all four felonies concurrently and/or simply hand out an otherwise light sentence.

Clanton allegedly attacking someone at the Milo UC Berkeley protest.

protestor at #MiloYiannopoulos UC Berkeley protest tonight hit in head with bike lock @berkeleyside @ktvu @kron4news @abc7newsbayarea pic.twitter.com/iyGxCLYN0B

— Daniel McPartlan (@dancalbear) February 2, 2017

And a picture which appears to be Clanton from that event.

Let this be a lesson to Antifa – dressing up like ISIS and plotting cowardly attacks like Eric Clanton…

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A 29 year old staffer for NYC mayor Bill De Blasio’s office has been arrested and charged with two felonies after police found a massive collection of child porn on his laptop, according to court documents. NYPD’s investigation began March 29th when Jacob Schwartz, 29, handed over his laptop – on which over 3,000 images and 89 videos were discovered depicting sexual acts with children as young as 6 months old.

Schwartz – a computer programmer making $66k / year was also the president of the Manhattan Young Democrats – as well as VP of the NY State Young Democrats. When the NY Post reached the former organization for comment, they said they were “shocked” by the allegations against Schwartz – adding that he is “no longer a member of the board.”

Schwartz thought he was hot shit in Democrat circles, rubbing elbows with and promoting Hillary’s campaign manager Robby Mook.

Breitbart obtained a now-deleted biography of Schwartz from the Manhattan Young Democrats:

Jacob was born and raised in the heart of Greenwich Village, and was involved in political organizing from a young age. Some of his oldest memories are handing out leaflets for his father, as he campaigned for District Leader. More recently, he helped start the New Democratic Alliance in New York City, and, in 2012, worked for the Obama campaign as a Field Organizer in the Lehigh Valley. A graduate of Lehigh University with an M.S. in Energy Systems Engineering and a B.S. in Electrical Engineering, Jacob currently works for the New York City Department of Design and Construction on their Build It Back Hurricane Sandy recovery and resiliency program. He is also the founder and executive director of a climate education non-profit called Common Climate, and previously served as Issues Assembly and Policy Director for MYD.

Schwartz was charged with promoting a sexual performance by a child and possessing a sexual performance by a child under 16, both felonies.

Schwartz’s father is huge Democrat insider

Jacob Schwartz’s father is Arthur Schwartz, a prominent Manhattan attorney, community activist, and DNC operator. Schwartz served as council to Bernie Sanders during the 2016 election. He was also a delegate during Barack Obama’s 2008 run for president.

Schwartz has also represented SEIU, several unions, and served as general council to ACORN from March of 2009 to October 2010.

He also made a killing in NY real estate

Arthur Schwartz turned a 2003 investment of $499,000 into $20.89 million when he sold in 2014.

The elder Schwartz has called his son’s arrest “a personal tragedy,” and told the Post “He’s already in therapy for this.”

The younger Schwartz is out on $7500 bail.

And poor Bill De Blasio – the vocal Trump critic who headed up an anti-Trump protest in Columbus Circle, clogging up traffic, railed against Trump’s Immigration Executive Order – calling it ‘Simply Un-American,’ accused Trump of being the cause of Anti-Semitic threats (which turned out to be an Israeli guy). De Blasio also refused to assign a label of terrorism to a Sept. 2016 Manhattan bombing carried out by Afghani named Ahmad Kahn Rahimi which injured 29 people. Even though a note left on an unexploded pressure cooker referenced al-Qaeda cleric Anwar al-Awlaki.

So, a rising star NY Democrat was arrested on charges of pedophilia, and two of Trump’s most vocal New York critics on the left have been thoroughly dragged into the mud.

And boy was Hillary’s timing bad…

During Friday’s commencement address at Wellesley College, Hillary tried to smear those investigating high level pedophilia:

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Chipotle announced late Friday that Hackers used malware to infiltrate Chipotle Mexigan Grill Inc’s ($CMG) payment system over a three week period beginning in late March – stealing sensitive customer banking information, including account numbers and internal verification codes that could be used to drain debit-card linked bank accounts.

The announcement was made following an investigation into an incident first reported on April 25th of “unauthorized activity” detected in some of their Canadian restaurants.

The malware searched for track data (which sometimes has cardholder name in addition to card number, expiration date, and internal verification code) read from the magnetic stripe of a payment card as it was being routed through the POS device.

No word on how many customers are affected, however Chipotle said most of their 2,250 or so restaurants were hit between March 24th and April 18th. Click here to see the list of affected restaurants by state.

Chipotle refused to upgrade to chip readers in 2015

The malware used in the attack steals data found within the magnetic stripe of payment cards. Although it is not clear if EMV (chipped) payment cards would have been susceptible to the hack, Chipotle notably declined to use them in 2015 – citing inefficiencies caused by delays in the authentication process in a fast paced food service environment.

The breach could mean big trouble for shares of Chipotle, which have only partially recovered from an E.coli outbreak in late 2015. According to Reuters, security analysts say Chipotle will likely face a fine based on the size of the breach and number of records compromised.

“If your data was stolen through a data breach that means you were somewhere out of compliance” with payment industry data security standards, Julie Conroy, research director at Aite Group, a research and advisory firm.

“In this case, the card companies will fine Chipotle and also hold them liable for any fraud that results directly from their breach,” said Avivah Litan, a vice president at Gartner Inc (IT.N) specializing in security and privacy.

It is uncertain if and how Chipotle’s decision not to adopt chipped card payments will factor into fines levied against the company by credit card companies.

Poor $CMG just can’t catch a break!

Notice

 

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Less than a week after Rex Tillerson and President Trump engaged in Saudi swordplay, the Secretary of State has declined to honor the religion of peace during Ramadan – breaking with nearly 20 years of tradition.

The State Department’s Office of Religion and Global Affairs sent Tillerson a request to hold an Eid al-Fitr reception to honor Ramadan. I’m guessing Rex took one look at ‘Eid al Fitr’ and read no further.

His rejection of the request suggests there are no plans this year for any high-profile Ramadan function at the State Department. The month of fasting and prayer for Muslims gets under way in many countries on Saturday.

When asked by Reuters to comment on Tillerson declining a request to host an Eid al-Fitr event in July for Ramadan, a State Department spokesperson said:

“We are still exploring possible options for observance of Eid al-Fitr, which marks the end of the month of Ramadan. U.S. ambassadors are encouraged to celebrate Ramadan through a variety of activities, which are held annually at missions around the world.” –Reuters

In other words if public backlash is loud enough and/or someone lawyers up, the State Dept. might cobble something together.

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No refunds.

Dog interrupts newscast:

German heavy metal festival installs big ass beer pipeline (Ja Rule could have used one)

Don’t cut off motorcycles:

Dog refuses to leave his owner who was knocked out after a fall

LAVA

A MILLION Chinese Are Living In Underground Nuclear Bunkers

51 male and female South Koreans are arrested for smuggling TWO TONS of gold nuggets worth £77million in their rectums and private parts

Teen Saves Swan With Mouth-To-Mouth

Cars vs. Semis – side collision crash tests

Tattoo Fails

Grandma flees hit-and-run, causes second accident, then tells cops she drank a pint of vodka. Oh, and her grandkids were in the back seat

Russian Helicopter Fail

Dumbass tries to do a J-Turn

LOST SUBS RECOVERED

Guard Rail Saves Rally Driver’s Life

This guy uses ingredients to make art

For example, pancakes, olive oil, flour, cinnamon, cumin, and seasoned salt (click to enlarge):

 

20 Cool History Pics

Fisherman saves bear cub from drowning

3000 bees attack guy’s face

This dude rakes it in by the way with his 6.1 million subscribers:

Mongoose fends off four lions

Instant Karma

Deep in the Heart of Texas: Dave Chappelle Live at Austin City Limits

Life with kids

Life with multiple children

Xtreme Russian Grandma

Thundercats outtakes

DEVELOPING…

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