Your new post is loading...
Eric Ben-Artzi is a brave man.
The former Deutsche Bank risk officer was one of three whistleblowers who reported improper accounting at the German bank to regulators in 2010 and 2011.
In 2015, the SEC imposed a $55 million fine against the bank over the issue.
Ben-Artzi is due 15% of this sum, or $16.5 million. In an opinion piece in The Financial Times on Thursday, he revealed that he had rejected the payout....
Read more at http://www.businessinsider.sg/eric-ben-artzi-deutsche-bank-rejects-payouts-from-sec-2016-8/#h3hGcmXfHEbL2l2X.99
Improper accounting practices. That seems to be a euphemism for what was once called fraud!
Improper accounting practices are starting to catch up with the banks. Deutsche Bank got outed by a whistleblower who refuses to accept his part in the settlement...
The article leads to the story of why he refused and how he would like that things procede from here.