Deutsche Bank Hit With $38M Claim That Exec Faked Docs

Law360, New York (April 10, 2012, 9:59 PM EDT) -- An insurance premium finance company sued Deutsche Bank Securities Inc. and one of its former employees Tuesday in Massachusetts federal court alleging he forged a letter of credit and another contract, ultimately causing loans that would have brought in $38 million in interest to default.

Insurative Premium Finance (Jersey) Ltd., which provides customers with financing to pay insurance premiums, alleges that Karl E. Hahn, a former managing director of Deutsche Bank's Boston office, forged a $686,000 Deutsche Bank letter of credit and a trust agreement purporting...
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