SEC Whistleblower Goes Public with Deutsche Bank Allegations

Three whistleblowers have alleged—and the Securities and Exchange Commission is investigating—that Deutsche Bank AG hid billions of dollars in paper losses in securities portfolios during the 2008 financial crisis. And at least one accuser is going public with details.

The bank denied the charges in a statement sent to CorpCounsel.com, saying, “The allegations of financial misstatements, which are more than two and one-half years old and were publicly reported in June 2011, have been the subject of a careful and thorough investigation, and they are wholly unfounded.”

via SEC Whistleblower Goes Public with Deutsche Bank Allegations — Corporate Counsel