Eric Ben-Artzi, an ex risk of Deutsche Bank (DB), which reported an accounting fraud committed by the same institution, refused compensation of about $ 16.5 million granted by the Securities and Exchange Commission (SEC for its acronym in English).
the German bank committed accounting fraud last year. File Photo: AP
Eric Ben-Artzi, a former traffic risk of Deutsche Bank (DB), which reported an accounting fraud committed by the same institution , refused compensation of about $ 16.5 million granted by the Securities and Exchange Commission (SEC, for its acronym in English).
Ben-Artzi said his rejection of compensation because it considers there is a lack of ethics among top executives of the SEC and Deutsche Bank, as they rotate constantly from one institution to another, which played a decisive execution of the crime role.
an article exagente, written for the newspaper Financial Times, argues that in this case some of the best lawyers in the SEC, who had previously resigned, occupied senior positions in the bank, while the investigation had already begun and they were aware of it .
He added that the fine of 55 million imposed last year to the largest lender of Germany must be paid by bank executives and not by the shareholders.
This is the first time the award is rejected since it was introduced by the SEC in 2011, which grants the complainant of fraud between 10 and 30% of the fine that is deployed to the institution that commits the crime.
For its part, the SEC and Deutsche Bank declined to comment on the subject
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