Skip to main content

In Retrospect, Deutsche Bank Sees Something Fishy About This Paul Manafort Character

Probably shoulda done something about them at the time, but, you know, everyone makes mistakes. ‘Specially Deutsche Bank.
  • Author:
  • Updated:
(Getty Images)

(Getty Images)

Between 2010 and 2015, Deutsche Bank did a whole bunch of business on behalf of one Paul J. Manafort. At least $30 million worth. Much of it rather obviously from Russia, for whose client state, the Ukraine, Manafort was a top lobbyist. None of this particularly troubled the Germans at the time.

Then Paul J. Manafort became the campaign chairman for one Donald J. Trump, for whom Deutsche Bank transacted about 10 times as much business. This was unwise on Manafort’s part: First, he only lasted two months in the job, on account of the hullaballoo of his having worked for an apparently hostile foreign power. And second, when said apparently hostile foreign power allegedly rigged the election in his former client’s favor, further unfavorable attention was brought to Manafort, specifically from one Robert S. Mueller III.

This got all Deutsche Bank thinking. And if the simple facts didn’t, the subpoenas and requests for information literally raining down on Frankfurt did. And so it looked into things and, wouldn’t you know it, yea, those transactions involving Manafort do look pretty suspicious in light of, you know, of all this new shit which has come to light.

Deutsche Bank AG earlier this year flagged around $30 million in potentially suspicious transactions as part of an internal investigation into its role as a conduit for money involving Paul Manafort or people and entities connected to him, according to a person briefed on the matter….

The discussions at the bank coincided roughly with the appointment in May of Robert Mueller as U.S. special counsel to probe Russia’s meddling in the 2016 U.S. presidential election, according to people familiar with the matter….

Deutsche Bank flagged transactions that occurred from roughly 2010 to 2015, according to the person briefed on the matter. The person said the bulk of the payments highlighted in the internal probe happened between 2012 and 2014.

Deutsche Bank Had Flagged Manafort-Related Transactions [WSJ]


(Getty Images)

First Installment of ‘Good News At Deutsche Bank’

John Cryan won't have to spend the bank's final few pfennigs on a class-action mortgage settlement.

(Getty Images)

Deutsche Bank CEO Search Exactly The Catastrophe You’d Expect

Better to let the new guy know what he’s in for, assuming there will actually be a new guy.

(Getty Images)

Deutsche Bank Discovers Rare Good, Marketable Idea

A cheap and easy way to profit from the junk-bond collapse!

Really only one reason to have a branch in Tallinn. By Pjotr Mahhonin [CC BY-SA 4.0 ], from Wikimedia Commons

Man Who Watched $233 Billion Laundered Has Never Seen Something As Awful As A British LLP

If Danske Bank had been incorporated under British law, well, you’d probably never have heard of Danske Bank.

(Getty Images)

Belated Bonus Watch ’17: Deutsche Bank’s First Bad Bank

Now that the formerly beleaguered other DB is raking it in, Shikha Gupta wants to get paid.


Cy Vance May Be The Only Person Keeping New York Deutsche Bankers Busy

Please rise and raise your right hands and prepare to explain everything everyone named “Trump” ever said to you.