It’s JPMorgan’s Turn To Play Host To The Frankfurt Police

Discussion in 'Wall St. News' started by ETJ, Aug 31, 2022.

  1. ETJ

    ETJ

  2. This story can be as big as bringing the German government down, as chancellor Scholz was involved in the investigation of this big financial crime case, in his last job before he become chancellor. It seems Scholz then had blocked the investigations, or so...

    "Scholz has been criticized in November and December 2021 for emerging details about his handling of the CumEx tax fraud at M. M. Warburg & Co. when he was the mayor of Hamburg.[48][49]"

    and

    "
    Scholz is criticized in the context of the bankruptcy of the payment service provider Wirecard, as there have been serious misconduct by the Federal Financial Supervisory Authority (BaFin).[60] Critics complain that the Federal Ministry of Finance is responsible for monitoring BaFin.[61] During Scholz's time in office, the Ministry of Finance was one of the subjects of parliamentary inquiry into the so-called Wirecard scandal, in the process of which Scholz denied any responsibility[62][63] but replaced regulator BaFin's president Felix Hufeld and vowed to strengthen financial market supervision.[64][65]
    "
    https://en.wikipedia.org/wiki/Olaf_Scholz
     
    Last edited: Aug 31, 2022
    zdreg likes this.