Deutsche Bank Accused Of Hiding Up To $12B In Losses

Law360, New York (December 5, 2012, 10:40 PM EST) -- A former Deutsche Bank AG employee has accused the company of not properly valuing its credit derivatives portfolio during the financial crisis and concealing losses that reportedly reached up to $12 billion, according to a Wednesday statement by the whistleblower’s attorneys at Labaton Sucharow LLP.

In a complaint to the U.S. Securities and Exchange Commission, whistleblower Eric Ben-Artzi, a former quantitative risk analyst at Deutsche Bank, claims the bank didn't properly value an important part of its so-called leveraged super senior group of credit derivatives, which...
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