Article Image
News Link • Central Banks/Banking

Dead Deutsche Banker's Son Peddled Trump Financial "Dirt" To The Highest Bidder - Whic


A trove of insider Deutsche Bank documents was subpoenaed by House Intelligence Committee Chairman Adam Schiff (D-CA) after a bizarre series of events involving Moby.


Val Broeksmit, stepson of top Deutche Bank executive Bill Broeksmit - who committed suicide in January 2014 in the wake of several banking scandals he had overseen, had been trying to sell or distribute information from the German bank which he obtained after his father's death, which may have contained information on Donald Trump, according to the New York Times

Val and Bill Broeksmit at Wimbledon in 2013 Via the NYT

Mr. Broeksmit's late father, Bill, had been a senior executive there, and his son possessed a cache of confidential bank documents that provided a tantalizing glimpse of its internal workings. Some of the documents were password-protected, and there was no telling what secrets they held or how explosive they could be.

Federal and state authorities were swarming around Deutsche Bank. Some of the scrutiny centered on the lender's two-decade relationship with President Trump and his family. Other areas of focus grew out of Deutsche Bank's long history of criminal misconduct: manipulating markets, evading taxes, bribing foreign officials, violating international sanctions, defrauding customers, laundering money for Russian billionaires. -NYT

Broeksmit was eventually introduced to Schiff through the musician Moby (Schiff's "friend and neighbor" who said the CIA asked him to help spread dirt on Trump and Russia - h/t @LeicaLexus). When Schiff refused to pay for the materials, the lawmaker instead issued a subpoena for them. 

Mr. Schiff's investigators badly wanted the secret Deutsche files. Mr. Broeksmit tried to extract money from them — he pushed to be hired as a consultant to the committee — but that was a nonstarter. An investigator, Daniel Goldman, appealed to his sense of patriotism and pride. "Imagine a scenario where some of the material that you have can actually provide the seed that we can then use to blow open everything that [Trump] has been hiding," Mr. Goldman told Mr. Broeksmit in a recorded phone call. "In some respects, you — and your father vicariously through you — will go down in American history as a hero and as the person who really broke open an incredibly corrupt president and administration." (Mr. Broeksmit wouldn't budge; eventually, Mr. Schiff subpoenaed him.) -NYT

All of that said, it's clear that the information is of low value as it relates to Trump for two reasons. First, Schiff has them - yet is pushing for impeachment based on a phone call between President Trump and Ukrainian President Volodomyr Zelensky in regards to investigating former VP Joe Biden.