$7.2 Billion RMBS Scandal Rocks Deutsche Bank
Eleven Assistant United States Attorneys from the Eastern District of New York and two federal agent partners were recognized by Deputy Attorney General Rod Rosenstein and Director James Crowell, IV, of the Executive Office for U.S. Attorneys (EOUSA), at the 34th Director’s Awards Ceremony today.
The ceremony honored those who brought about an historic $7.2 billion settlement against Deutsche Bank for its material misrepresentations in the sale of residential mortgage backed securities (RMBS).
Assistant United States Attorneys Matthew R. Belz, Edward K. Newman, and Jeremy Turk, as well as former Assistant United States Attorney Ryan M. Wilson and Special Agent Jeffrey Fata, Federal Housing Finance Agency, Office of Inspector General, were awarded for their exemplary performance in the case.
U.S. v. Paul Rivera, et al. also made headlines as Criminal Division Deputy Chief Taryn A. Merkl, Business and Securities Fraud Section Deputy Chief Alixandra E. Smith, and Assistant United States Attorney Michael Robotti were recognized for their outstanding performance in the investigation and prosecution of the violent Brooklyn gang.
The case involved the conviction of the two leaders of the “TF Mafia” after an 11-week trial on racketeering conspiracy, racketeering involving predicate acts of sex trafficking, sex trafficking of children, murder, narcotics trafficking, money laundering, and witness tampering, among other charges.
Other notable awards included the Disruption and Early Engagement Program (DEEP) team, made up of Criminal Division Chief Seth D. DuCharme, Assistant United States Attorney Melody Wells, and Special Agent Joseph Rudnick of the Federal Bureau of Investigation’s New York Field Office, who were recognized for their outstanding work in the development and implementation of the counterterrorism and prevention initiative launched in 2016.
Cultural Property Coordinator Karin Orenstein was also recognized for her outstanding accomplishments in using civil forfeiture to combat illicit cultural property trafficking, including her efforts to return smuggled antiquities to their country of origin through repatriation.
Hobby Lobby Stores, Inc. was a notable defendant in her efforts, with the forfeiture of thousands of Iraqi artifacts that were improperly imported by the retailer, including 3,450 cuneiform tablets and clay bullae, and an additional 144 cylinder seals that were forfeited as substitute assets.
Finally, Senior Litigation Counsel Andrea Goldbarg and her team members were recognized for their successful investigation and prosecution of members of Los Zetas cartel who brutally murdered Homeland Security Investigations (HSI) Special Agent Jaime Zapata and wounded HSI Special Agent Victor Avila in February 2011.
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Key Facts
- State: New York
- Category: Fraud & Financial Crimes|Violent Crime|Sex Crimes|Cybercrime|Public Corruption|White Collar Crime
- Source: DOJ Press Release â†â€â€
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