Posts Tagged ‘HSBC’

HSBC – Deutsche Bank: Deutsche Bank Trader Admits Guilt In Fraud Conspiracy To Rig Precious Metals Markets

Komplett Betrug in allen Bereichen auch im Metall Handel, Co2 Zertifikaten, Immobilien, falsche betrügerische Kunden Beratung, Geldwäsche ohne Ende

Polizei Gewerkschaft: Ist die Deutsche Bank eine kriminelle Vereinigung? von Wolfgang Hetzer

BBC, HSBC, City Bank, Deutsche Bank: reine Mafia Geldwäsche Banken und geduldet von korrupten Politikern

Deutsche Bank Trader Admits Guilt In Fraud Conspiracy To Rig Precious Metals Markets

Published: June 2, 2017
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Source: Zero Hedge

After months of „smoking guns“ and conspiracy theory dismissals, a Singapore-based Deutsche Bank trader (at the center of fraud allegations) finally confirmed (by admitting guilt) what many have suspected – the biggest banks in the world have conspired to rig precious metals markets.

The Deutsche Bank trader, David Liew, pleaded guilty in federal court in Chicago to conspiring to spoof gold, silver, platinum and palladium futures, according to court papers. Bloomberg notes that spoofing involves traders placing orders that they never intend to fill, in an attempt to manipulate the price.

Following an introductory period that included orientation and training, LIEW was eventually assigned to the metals trading desk (which included base metals and precious metals trading) in approximately December 2009. During the Relevant Period, LIEW was employed by Bank A as a metals trader in the Asia-Pacific region, and his primary duties included precious metals market making and futures trading.



Between in or around December 2009 and in or around February 2012 (the „Relevant Period“), in the Northern District of Illinois, Eastem Division, and elsewhere, defendant DAVID LIEW did knowingly and intentionally conspire and agree with other precious metals (gold, silver, platinum, and palladium) traders to: (a) knowingly execute, and attempt to execute, a scheme and artifice to defraud, and for obtaining money and property by means of materially false and fraudulent pretenses, representations, and promises, and in furtherance of the scheme and artifice to defraud, knowingly transmit, and cause to be transmitted, in interstate and foreign commerce, by means of wire communications, certain signs, signals and sounds, in violation of Title 18, United States Code, Section 1343,which scheme affected a financial institution; and (b) knowingly engage in trading, practice, and conduct, on and subject to the rules of the Chicago Mercantile Exchange („CME“), that was, was of the character of, and was commonly known to the trade as, spoofing, that is, bidding or offering with the intent to cancel the bid or offer before execution, by causing to be transmitted to the CME precious metals futures contract orders that LIEW and his coconspirators intended to cancel before execution and not as part of any legitimate, good-faith attempt to execute any part of the orders, in violation of Title 7, United States Code, Sections 6c(a)(5)(C) and 13(a)(2); all in violation of Title 18, United States Code, Section 371.



Defendant LIEW’s employer, Bank A, was one of the largest global banking and financial services companies in the world. Bank A’s primary precious metals trading desks were located in the United States, the United Kingdom, and the Asia-Pacific region.


Defendant LIEW and other precious metals traders, including traders at Bank A, engaged in a conspiracy to commit wire fraud affecting a financial institution and spoofing, in the trading of precious metals futures contracts traded on the CME.


Defendant LIEW placed, and conspired to place, hundreds of orders to buy or to sell precious metals futures contracts that he intended to cancel and not to execute at the time he placed the orders (the „Spoof Orders“).



Bank A operated a global metals trading team with traders in the United States, the United Kingdom, and the Asia-Pacific region. Throughout his tenure on the metals trading desk at Bank A, defendant LIEW was supervised by and interacted with more experienced traders on the team. LIEW was supervised by other metals traders in the Asia-Pacific region, and, due to the nature of the nearly 24-hour trading cycle, LIEW interacted with members of the trading team in the United States and the United Kingdom. It was after joining the metals trading desk that LIEW was taught to spoof by other metals traders, including other metals traders at Bank A.


Defendant LIEW generated Spoof Orders manually. That is, LIEW physically clicked his computer mouse or keyboard keys to enter each Spoof Order, and physically clicked his mouse or keyboard keys to cancel that order.


A common technique employed by defendant LIEW was to place and cancel one or more Spoof Orders on one side of the prevailing market price. The intent of these Spoof Orders was to facilitate the execution of an existing Primary Order on the opposite side of the market. By placing Spoof Orders opposite the Primary Order, LIEW intended to create a false appearance of supply or demand and induce other market participants to react to this false information in order to move the market price and/or increase the available quantity at the desired price of the relevant futures contract. During the time the Spoof Order was live in the market, or shortly after it was cancelled, LIEW’s Primary Order on the other side of the market would often execute at a more favorable price than was otherwise available before the Spoof Order had been placed.



Coordinated spoofing involved one or more additional participants. When engaging in coordinated spoofing, defendant LIEW and/or one or more co-conspirators would place one or more Spoof Orders on one side of the market in order to facilitate the execution of Primary Orders placed on the opposite side of the market by either LIEW or a coconspirator. For example, LIEW would place a Spoof Order in order to facilitate the execution of a Primary Order placed by a co-conspirator, or a co-conspirator would place a Spoof Order in order to facilitate the execution of a Primary Order placed by LIEW. At other times, LIEW and one or more co-conspirators would each place one or more Spoof Orders in order to facilitate the execution of a Primary Order placed by LIEW or a co-conspirator.


During and in furtherance of the conspiracy, defendant LIEW engaged in solo spoofing or coordinated spoofing with traders at Bank A hundreds of times.

Prosecutors have brought very few cases against alleged spoofers but have stepped up their enforcement since the adoption of the Dodd-Frank financial law.

Deutsche Bank declined to comment.

From a July 2012 blog post, we discover that Liew quit banking then to start a tech company…

A bit like Vinicius, I was (and still am) in my third year out of University and making a very comfortable living as a trader at Deutsche Bank. Here in Singapore (sadly), a sort of toxic culture has been brewing that your “success” is deemed by your salary. Yes, I was getting a 6 digit annual salary, yes I was in the top % of wage earners of my age group (I’m turning 27 this year). A lot of people have labelled me “crazy” to “throw all I had away”, to which I would reply “This is my life, not yours. But thanks and good luck to you too”



This is not the first time Deutsche Bank has been involved, implicated, and exposed to rigging the precious metals markets.

As we noted in December, when we first reported that Deutsche Bank had agreed to settle allegations it had rigged the silver market in exchange for $38 million, we revealed something stunning: „in a curious twist, the settlement letter revealed that the former members of the manipulation cartel have turned on each other„, and that Deutsche Bank would provide docments implicating other precious metals riggers. To wit: „In addition to valuable monetary consideration, Deutsche Bank has also agreed to provide cooperation to plaintiffs, including the production of instant messages, and other electronic communications, as part of the settlement. In Plaintiff’s estimation, the cooperation to be provided by Deutsche Bank will substantially assist Plaintiffs in the prosecution of their claims against the non-settling defendants.“

Overnight we finally got a glimpse into what this „production“ contained, and according to documents filed by the plaintiffs in the class action lawsuit, what Deutsche Bank provided as part of its settlement was nothing short of „smoking gun“ proof that UBS Group AG, HSBC Holdings Plc, Bank of Nova Scotia and other firms rigged the silver market. The allegation, as Bloomberg first noted, came in a filing Wednesday in a Manhattan federal court lawsuit filed in 2014 by individuals and entities that bought or sold futures contracts.

In the document records surrendered by Deutsche Bank and presented below, traders and submitters were captured coordinating trades in advance of a daily phone call, manipulating the spot market for silver, conspiring to fix the spread on silver offered to customers and using illegal strategies to rig prices.

“Plaintiffs are now able to plead with direct, ‘smoking gun’ evidence,’ including secret electronic chats involving silver traders and submitters across a number of financial institutions, a multi-year, well-coordinated and wide-ranging conspiracy to rig the prices,” the plaintiffs said in their filing.

The latest evidence is critical because as the plaintiffs add, the new scheme “far surpasses the conspiracy alleged earlier.” As a result, the litigants are seeking permission to file a new complaint with the additional allegations, i.e., demand even more reparations from the defendants who have not yet settled, and perhaps even more evidence of ongoing market rigging. Their proposed complaint broadens the case beyond the four banks initially sued to include claims against units of Barclays Plc, BNP Paribas Fortis SA, Standard Chartered Plc and Bank of America Corp.

Representatives of UBS, BNP Paribas Fortis, HSBC, Standard Chartered and Scotiabank didn’t immediately respond to e-mails outside regular business hours seeking comment on the allegations. Barclays and Bank of America declined to immediately comment.

The Deutsche Bank documents show, among other things, how two UBS traders communicated directly with two Deutsche Bank traders and discussed ways to rig the market. The traders shared customer order-flow information, improperly triggered customer stop-loss orders, and engaged in practices such as spoofing, all meant to destabilize the price of silver ahead of the fix and result in forced selling or buying. It is also what has led on so many occasions to the infamous previous metals „slam“, when out of nowhere billions in notional contracts emerge, usually with the intent to sell, to halt any upside moment in the precious metals/

„UBS was the third-largest market maker in the silver spot market and could directly influence the prices of silver financial instruments based on the sheer volume of silver it traded,“ the plaintiffs allege. „Conspiring with other large market makers, like Deutsche Bank and HSBC, only increased UBS’s ability to influence the market.“

Some examples of the chats quoted are shown below. In the first example a chart between DB and HSBC traders in which one HSBC trader says „really wanna sel sil[ver“ to which the other trader says „Let’s go and smash it together.“



Another chat transcript from May 11, 2011 reveals a Deutsche Bank trader telling a UBS trader that the cartel „WERE THE SILVER MARKET“(sic) based on feedback from outside traders to which UBS replies, referring to the silver market „we smashed it good“, leading to the following lament „fking hell UBS now u make me regret not joining.“

Kategorien:Europa Schlagwörter: ,

BCCI, HSBC, City Bank, Deutsche Bank: reine Mafia Geldwäsche Banken und geduldet von korrupten Politikern

März 5, 2015 8 Kommentare

Bis heute gilt noch der BCCI Skandal als grösster Betrug der Geschichte, und schon damals war ein Frank Wisner jun.  im Vorstand von „ENRON“, die einschlägig bekannten US Betrugs Consults dabei. Damals Dubai, als BCCI Heimat, heute identisch Alles mit Emir von Abu Dhabi in den Vereinigten Arabischen Emiraten

Datenleck bei Großbank: HSBC-Chef versteckte Millionenbetrag auf Schweizer Konto

HSBC-Chef Stuart Gulliver: Jährlicher Bonus von einer Firma aus Panama Zur Großansicht


HSBC-Chef Stuart Gulliver: Jährlicher Bonus von einer Firma aus Panama

Die Großbank HSBC soll in der Schweiz Milliardengeschäfte mit Kriminellen gemacht haben. Nun berichtet der „Guardian“: Der Chef der Bank hatte selbst ein HSBC-Konto in der Schweiz – und bekam seinen jährlichen Bonus über eine Firma aus Panama.

Er ist einer der bestbezahlten Banker Europas: Allein im Jahr 2012 verdiente HSBC-Chef Stuart Gulliver 12,9 Millionen Dollar. Im gleichen Jahr sorgte er mit einem Schuldeingeständnis für Schlagzeilen. „Wir haben gesagt, dass es uns zutiefst leid tut und tun das noch einmal“, sagte der Bankmanager damals – die britische Großbank HSBC hatte sich gerade in den USA für 1,9 Milliarden Dollar vom Vorwurf der Geldwäsche und Terrorfinanzierung freigekauft. Nun muss er sich neuen Vorwürfen stellen – und diesmal geht es um sein eigenes Konto.

Aus vertraulichen Dokumenten, die Hervé Falciani, ein ehemaliger Mitarbeiter der Bank, 2008 entwendet hatte, geht hervor, dass Gulliver der Nutznießer eines Schweizer HSBC-Kontos einer dubiosen Firma aus Panama war. Über dieses Konto erhielt er bis 2003 seinen jährlichen Bonus. 2007 betrug der Kontostand 7,6 Millionen Pfund. Das berichtet der „Guardian“.Die Genfer Niederlassung der Bank steht selbst in der Kritik: Bei der Schweizer Tochter der HSBC sollen Steuerhinterzieher und andere Kriminelle Milliardenbeträge angelegt haben. Auch hierfür hat sich Gulliver bereits öffentlich entschuldigt. Die Standards, die heute für die Bank gelten würden, seien vor acht Jahren in der Schweizer Tochterfirma noch nicht überall eingehalten worden.

Anwälte des Bankers sagten dem „Guardian“, Gulliver habe damals ein Konto bei der Schweizer HSBC-Bank eröffnet, um seinen jährlichen Bonus vor den Kollegen in Hongkong geheim halten zu können. Warum er das Konto unter dem Namen einer Firma aus Panama führte, wollten die Anwälte nicht kommentieren….

Im System hat sich Nichts geändert, denn die BBCI Bank, war eine Schlüssel Bank, für System Betrug, Geldwäsche, Drogen Handel auch von Georg Soros und seinem Partner Marc Rich und das die Abwiclung schon damals und auch Zeit gleich über Dubai erfolgte, kann nicht verwundern.
Bank of Credit and Commerce (BCCI) für Geldwäsche und für die finanzielle Unterstützung islamischer Terrorgruppen.Georg Soros ist ja Vertrags Partner der Frank-Walter Steinmeier Bande bekanntlich u.a. über die DAAD, über den ICG und dem „European Council on Foreign Relations“ und Georg Soros, wo ja aktiv sehr viele Möchte Gern Politiker eine Heimat haben,

Kategorien:Europa Schlagwörter: , , ,

Pleite Banken, welche durch die NATO Zerstörung und Krieg mit Libyen saniert werden

September 1, 2011 Kommentare aus

Milliarden hatten die reichen Libyische Fonds, in System relevanten Europäischen Banken geparkt, wobei man praktisch der Eigentümer der UniCredit in Italien war, einer System relvanten Bank, welche die HypoVereinsbank schon kaufte, weil man den Immobilien Schrott der Bayerischen Betrugs Banker der Bayerischen Hypotheken und Wechsel Bank sanieren musste.

400 Milliarden € des Libyischen Staaten wurden vor allem auf Französichen und Italienischen Banken gestohlen. update Anfang 2015

Und dann können die Mafia Banken, auch noch ihre faulen Kredite für Pleite Firmen sanieren, denn es gibt Milliarden zuverdienen im Wieder Aufbau, wo die dümmsten Entwicklungsfirmen als Consults  tätig sind und die kriminellsten Bestechungsfirmen, angefangen von Mercedes, Siemens, VW, Thyssen und Telekom. Bomben Geschäfte.

Man braucht dann nur noch Kriminelle als Regierung zuinstallieren, wie in Afghanistan, Kosovo, Irak, Georgien, Palästina oder Albanien.

NATO hat Zerstörungsziel im Krieg gegen Libyen erreicht

von Redaktion @ 14:53. abgelegt unter Krieg, Libyen, NATO

Wie der staatliche US-Propaganda-Sender “Voice of America” gestern stolz bekanntgab, glaubt die Nord-Atlantische Terror-Organisation NATO nach der Rettung der systemrelevanten italienischen UniCredit Bank durch die Beschlagnahme libyschen Auslandsvermögens ein weiteres wichtiges Ziel mit ihrem verbrecherischen Angriffskrieg gegen Libyen erreicht zu haben.

Der US-Propagandaender erklärte, dass die libysche Regierung unter Muammar Gaddafi viel Geld in Afrika investiert habe und einer der größten finanziellen Unterstützer der Afrikanischen Union und der Afrikanischen Entwicklungsbank gewesen sei. J. Peter Pham, Direktor vom Africa Center des mit dem US-Terrorstaat eng verbundendenen Atlantic Council in Washington wurde von dem US-Propagandasender dahingehend zitiert, dass Libyen das Geld nun zu Hause benötige, um die von der NATO mit ihren Bomben angerichteten Kriegsschäden zu reparieren und Libyen deshalb dazu gezwungen sei, einen Großteil des in Afrika investierten Vermögens in die Heimat zurückzuholen.

Wie der nicht zur US-Kriegsmaschinerie Professor Jean-Paul Pougala im April erklärte, war es eines der wichtigsten Kriegsziele der NATO, von Libyen vorangetriebene Projekte wie den African Monetary Fund, den African Investment Fund und die African Investment Bank ihrer Finanzmittel zu berauben und dadurch die Aufrechterhaltung der Herrschaft des Neokolonialismus in Afrika durch Instrumente wie die Weltbank, den IWF und den CFA-Franc zu sichern.

Um dieses Kriegsziel zu erreichen, war es für die NATO nicht wichtig, den Krieg zu gewinnen, sondern nur möglichst viel in Libyen zu zerstören. Und genau das hat die NATO getan, von der Bombardierung des Röhrensystems des Great Man Made River, über die Bombardierung der Fabrik für Ersatzröhren bis hin zu Ministerien, Krankenhäusern und Wohnungen hat die NATO mit ihren Bomben so viel zerstört, dass selbst das NATO-Terror-Council NTC schätzt, der Wiederaufbau Libyens werde 10 Jahre dauern. Die von Libyen für die Entwicklung Afrikas vorgesehenen Finanzmittel sollen damit an Unternehmen der NATO-Terrorstaaten gehen.

Diese scharren, wie das bei der deutschen Propaganda-Schau zu besichtigen ist, bereits jetzt mit den Füßen, um sich die besten Filetstücke aus Libyen herauszuschneiden, obwohl der Krieg gegen Libyen gerade erst in seine zweite Phase getreten ist. Wie der Leader des Green Committees Movement mit den Worten “Afghanistan ist nun mit uns, Irak ist mit uns, Venezuela ist mit uns” erklärte, haben die NATO-Terroristen den Krieg gegen Libyen noch lange nicht gewonnen.

Libya Revolt Helped Stop Italy Bank Collapse

5:20pm UK, Tuesday August 23, 2011

Ed Conway, economics editor

Trade in shares of Italy’s largest bank has been suspended – as it emerges that events in Libya have helped prevent a collapse of the Italian banking system.

Unicredit logo on bank in MilanUniCredit’s share price tumbled as a solution for eurozone debt appeared distant

UniCredit’s share price has plunged in the past month because of market fears over eurozone debt – and now share dealing has been halted due to volatility.

Although it may sound far-fetched, the Libyan revolution of the past six months may have saved it and other Italian banks amid the crisis.

The tale of Libya and its Italian bank investment adventure underlines just how far the Gaddafi clan’s influence reached in financial markets throughout the world.

Libya’s wealth comprised a range of assets, including gold, oil and sovereign wealth fund investments.

Libyan Central Bank branch in TripoliThe Libyan Central Bank was one of three Libyan sovereign wealth funds

Just how much of these are returned to any future government remains to be seen – but if you look at the extensive investments in Italy, you can find a prime example of where the Libyans have already lost out.

According to documents uncovered by Global Witness, the Libyan Investment Authority’s biggest investment was in Italian bank Unicredit.

The choice is not accidental – Italy was Libya’s colonial parent, the legacy of which is extensive financial and political connections.

Through three of its sovereign wealth funds – the LIA (the most above-board), the Central Bank of Libya and the Libya Foreign Bank (these two were able to invest slightly more secretively) – the regime amassed some 1.4 billion shares in UniCredit.

The Libyan sovereign funds brought their investment in the Italian bank to their current level in early 2010.

Italian bank traderItalian banks saw a selling wave earlier this month – but Libya’s stake was frozen

Then the second wave of the financial crisis struck, just as the Libyan investments were frozen throughout Europe, preventing Tripoli’s investment officers from pulling out their cash.

In February, the combined stake was worth 2.8bn euros. Today, it is worth a mere 1.2bn euros.

That is a collapse of almost 60% – and the fall is sharper still if you go back to early 2010, when the investments reached their current volume.

Had the Libyan assets not been frozen, one suspects the Gaddafi family might have sold their Unicredit investment, whether because of the bank’s deep troubles or because of their need to free up resources for their fight against rebels.

UniCredit Share Price One-Month Chart

However, the upshot of the freeze was that Unicredit (which, when the European authorities performed stress tests on their banks had one of the worst balance sheets in the area) was able to rely on its biggest aggregate shareholder not selling its stake and pushing its share price down further.

It is impossible to know how much impact this had on the Italian bank – even a 7.2% stake cannot prevent the remaining 92.8% of shareholders selling out if they so choose.

But the unintended consequence was at least a small relief for the Italian bank as it battled the second wave of the financial crisis. Not to mention a crippling loss for the Libyan sovereign wealth funds.

New leaked document reveals HSBC held $1.4bn of Libyan funds