Deutsche Bank Experienced Rash Of Suicides As Evidence Of Corruption Mounted

Markus Bernet/CC BY-SA 2.5/Wikimedia

JakeThomas

Three Deutsche Bank employees died by suicide between 2014 and 2019 as scrutiny of the bank kicked into high gear.

The goings-on at Germany’s Deutsche Bank continue to confound law enforcement officials and journalistic investigators alike, as each tries to untangle the mysterious relationships the bank held with key players on today’s international stage, not the least of which being President Donald Trump and Russia.

Activity within and surrounding the bank remains much a puzzle, with certain elements only adding to the intrigue — like the spate of suicides involving Deutsche Bank employees over the last several years as criminal probes have turned up the heat.

  • Earlier this year, The Guardian pulled from a new book by David Enrich, the New York Times’ financial editor, in trying to make sense of the madness, noting that the suicides began with former Deutsche executive Bill Broeksmit in 2014.
  • In Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction, Enrich “traces the bank’s arc from founding through the second world war to the present, excavates and analyzes Trump’s relationship with his lender of last resort, and lays out the ties that bind Justin Kennedy, son of retired supreme court justice Anthony Kennedy, to the Trump family,” The Guardian wrote.
  • Woven among the chapters is the life and death of Broeksmit, who reportedly left an extraordinary paper trail, discovered by his son, Val Broeksmit, after his father’s passing.
  • The younger Broeksmit claims he found “detailed information about what was going on deep inside the bank,” which Enrich said included "minutes of board meetings. Financial plans. Indecipherable spreadsheets. Password-protected presentations. And evidence of his father’s misery.”
  • But the elder Broeksmit’s suicide was not the only death to haunt the bank.
  • “Also in 2014, Charlie Gambino, an in-house bank lawyer, hanged himself at his home in Bay Ridge, Brooklyn,” The Guardian noted. “At the time, Gambino was attempting to navigate Deutsche through its Libor rate-fixing nightmare.”
  • And in November, a banker who worked on Trump’s account at Deutsche, Tom Bowers, took his own life as well. Bowers was one of Enrich’s sources, The Guardian reported, and had “firsthand knowledge of the bank’s $640m loan on Trump International Hotel & Tower, Chicago.”
  • Enrich was unable to draw clear lines between Deutsche, Trump and Russia, via the state-owned bank VTB, but he did speculate that some mysterious relationship might exist.
  • The author noted that Deutsche looked toward Russia after the Soviet Union fell, seeking new markets and opportunities. “Among other things, the nexus between Deutsche, Trump and VTB, a Kremlin-favored bank, left House Democrats and Enrich puzzled,” The Guardian wrote.
  • Enrich appeared to agree in his book, writing, “Perhaps this was more than a coincidence.”
  • And yet, no hard evidence has surfaced to prove the links meaningful — meaning the legal troubles, suspicious connections and suicides continue on a mystery.

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