Deutsche Bank exec accused of fraud

[DoYouEverWonder]

October 19, 2006

John Quinn retired earlier this month from Deutsche Bank after spending more than two decades working for the financial company.

Along with whatever parting gifts he might have received from his co-workers at the bank's Jersey City office, authorities say Quinn also left with something significantly more valuable: $7.2 million secretly siphoned from his employer.

<snip>

Quinn's scheme started more than two years ago when he created a fake company called Quo rum Investments, according to a criminal complaint filed in federal court in Manhattan.

Quinn, an assistant vice president in the bank's deal administration department, had access to cer tain bank operation accounts, and between June 2004 and Sept. 29 made 23 wire transfer requests for Quorum, the complaint said.

http://www.nj.com/business/ledger/index.ssf?/base/business-4/1161233774110100.xml&coll=1

[Eurobabe]

1. Lemme guess, the guys a REPUBE...

[whistle]

2. That should be good for 20 years in prison

[TankLV]

3. Be damn careful how you pronounce their name!!!

Wouldn't want to invoke the wrath of the hypocritical moralists now...