Violation Tracker Individual Record

Company: 
Deutsche Bank AG
Current Parent Company: 
Deutsche Bank
Penalty: 
$553,633,153
Primary Offense: 
tax violations
Violation Description: 

The United States Attorney for the Southern District of New York and the Internal Revenue Service announced that Deutsche Bank AG agreed to pay $553,633,153 and admit criminal wrongdoing in connection with its participation in financial transactions which furthered fraudulent tax shelters that generated billions of dollars in U.S. tax losses.

Year: 
2010
Date: 
December 21, 2010
Agency: 
U.S. Attorney-Southern District of New York
Civil or Criminal Case: 
criminal
Prosecution Agreement: 
non-prosecution agreement
HQ Country of Parent: 
Germany
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.