>>> AN EXPLOSIVE STORY IN "THE NEW YORK TIMES" ABOUT A
HIGH-PROFILE WHISTLE-BLOWER AND
HOW HE CAME TO A VERY UNLIKELY
PARTNERSHIP WITH THE FBI.
HIS NAME IS VAL BROOKSCHMIDT,
THE SON OF A FORMER SENIOR
EXECUTIVE WITH DEUTSCHE BANK,
BILL BROOKSCHMIDT.
BILL BROOKSCHMIDT. THIS IS HARD FOR ME.
I KNEW BILL AND HE WAS A GOOD
GUY.
GUY. VAL HAS IN HIS POSSESSION KEY
DOCUMENTS THAT INVESTIGATORS
SOUGHT TO MAKE THEIR CASE.
FEDERAL AND STATE AUTHORITIES
WERE LOOKING INTO THE BANK’S
RELATIONSHIP WITH PRESIDENT
DONALD TRUMP AND HIS FAMILY AS
WELL AS A LONGER HISTORY OF
CRIMINAL MISCONDUCT,
CRIMINAL MISCONDUCT, MANIPULATING MARKETS, EVADING
TAXES, BRIBING FOREIGN
OFFICIALS, VIOLATING
OFFICIALS, VIOLATING INTERNATIONAL SANCTIONS,
INTERNATIONAL SANCTIONS, DEFRAUDING CUSTOMERS, LAUNDERING
MONEY FOR RUSSIAN BILLIONAIRES.
THAT’S A LONG LIST.
JOINING ME NOW, THE REPORTER
BEHIND THIS STORY AND A MAN WITH
AN UPCOMING BOOK ON DEUTSCHE
BANK, DAVID ENRICH.
DAVID, FIRST, TELL US ABOUT VAL
BROOKSCHMIDT, BECAUSE YOU
ACTUALLY COMPARE HIM TO OTHER
FLAWED MESSENGERS, LIKE EDWARD
SNOWDEN, LIKE CHELSEA MANNING.
AND GIVEN THOSE COMPARISONS, WHY
CAN VAL BE TRUSTED?
>> WELL, VAL IS SITTING ON AN
ENORMOUS TROVE OF CONFIDENTIAL
DEUTSCHE BANK MATERIALS.
HE --
HE -- >> HOW DID HE GET IT?
>> SO, HIS FATHER DIED IN
JANUARY OF 2014, AND VAL, WHO
HAD NO EXPERIENCE IN FINANCE --
HE’S A MUSICIAN WHO HAS -- HE’S
A ROCK MUSICIAN.
HE WAS LIVING IN LONDON AT THE
TIME.
TIME. HE LOOKED AT HIS DAD’S PERSONAL
COMPUTER AND SAW THAT HIS YAHOO
AND GMAIL ACCOUNTS WERE SIGNED
IN AND WERE FILLED, BRIMMING,
WITH HUNDREDS, IF NOT THOUSANDS,
OF WORK EMAILS.
>> BUT THAT RIGHT THERE, ISN’T
THAT ODD IN AND OF ITSELF?
WHY WOULD HE -- HIS DEUTSCHE
BANK EMAIL DOESN’T SHOW UP ON
GMAIL.
GMAIL. DOESN’T THAT SEEM STRANGE?
>> IT DOES SEEM STRANGE.
PART OF THE EXPLANATION IS THAT
BILL BROOKSCHMIDT HAD RECENTLY
RETIRED FROM THE BANK AND WAS
STILL SERVEING AS A BOARD
MEMBER --
MEMBER -- >> HE RAN RISK FOR THE WHOLE
PLACE.
PLACE. >> HE RAN RISK, BUT HE HAD
JOINED THE OVERSIGHT BOARD OF
DEUTSCHE BANK’S AMERICAN
BUSINESS, WHICH IS PROBABLY THE
MOST TROUBLED LEGAL ENTITY IN
THE UNITED STATES, I WOULD
ARGUE.
ARGUE. AND SO, HE WAS RECEIVING EMAILS,
SOME RELATED TO WORK, ON HIS
GMAIL AND YAHOO ACCOUNTS, BUT HE
HAD ALSO BEEN FORWARDING STUFF
OVER THE PREVIOUS YEARS FROM HIS
DEUTSCHE BANK ACCOUNT TO HIS
PERSONAL ADDRESSES, FOR REASONS
THAT REMAIN A LITTLE UNCLEAR TO
ME.
ME. >> OKAY, BUT YOU WRITE THAT HE’S
BEEN TALKING ABOUT THESE
DOCUMENTS WITH JOURNALISTS AND
AUTHORITIES FOR FIVE YEARS.
THAT PRECEDES HIS FATHER’S
DEATH.
DEATH. >> NO, IT ACTUALLY IS
IMMEDIATELY -- SO, I WAS THE
FIRST JOURNALIST I THINK TO TALK
TO VAL.
TO VAL. >> AH, RIGHT AFTER HE DIED.
>> IT WAS NINE DAYS AFTER HIS
FATHER DIED.
FATHER DIED. AND THAT BEGAN THIS KIND OF
FIVE-YEAR, 5 1/2-YEAR ODYSSEY
THAT’S STILL GOING ON RIGHT NOW
WHERE VAL HAS BEEN GOING THROUGH
ALL OF HIS FATHER’S FILES,
TRYING TO MAKE SENSE OF THEM,
TRYING TO DESIRE THEM AND TRYING
TO FIND PEOPLE TO LISTEN TO HIM
AND TO HELP HIM BRING THESE
MATERIALS TO LIGHT.
>> THAT’S WHY IT’S TAKEN SO
LONG?
LONG? HE’S TRYING TO FIND -- WELL,
ADAM SCHIFF OF THE HOUSE
INTELLIGENCE COMMITTEE HAS NOW
SUBPOENAED HIM.
SUBPOENAED HIM. >> YEP, THAT’S RIGHT.
HE WAS SUBPOENAED OVER THE
SUMMER AND VAL STARTED PROVIDING
THE DOCUMENTS TO SCHIFF’S
INVESTIGATORS, AND HE’S ALSO
BEEN WORKING WITH THE FBI, WHICH
IS VERY KEEN TO GET ITS HANDS ON
THESE MATERIALS AS WELL, AND THE
FBI, AS WITH SCHIFF’S OFFICE, IS
FOCUSING ON A WIDE RANGE OF
MISCONDUCT AT DEUTSCHE BANK,
INCLUDING STUFF THAT INVOLVES
THE PRESIDENT.
THE PRESIDENT. >> OKAY, HERE’S WHAT I DON’T
GET.
GET. I WORKED AT DEUTSCHE BANK FOR
EIGHT YEARS OF MY LIFE.
DEUTSCHE BANK IS CLAIMING
IGNORANCE FOR THE MISDEEDS,
PINNING THIS ON INDIVIDUALS WHO
ARE PRETTY LOW ON THE FOOD
CHAIN.
CHAIN. BILL BROOKSCHMIDT RAN RISK FOR
THE ENTIRE ORGANIZATION
GLOBALLY.
GLOBALLY. AND THEN TO YOUR POINT, THEN SAT
ON THEIR BOARD.
HOW ON EARTH CAN DEUTSCHE BANK
MAKE THE CLAIM IT WAS SOME GUY
SITTING OVER THERE IN RISK
MANAGEMENT IN JACKSONVILLE?
GIVE ME A BREAK.
>> WELL, LISTEN, THIS IS A
PATTERN AT MOST BIG BANKS, MOST
BIG CORPORATIONS.
BIG CORPORATIONS. >> SURE.
>> SURE. >> IN FACT, DEUTSCHE BANK IS THE
POSTER CHILD FOR WRONGDOING IN
CORPORATE AMERICA, IN THE
CORPORATE WORLD.
CORPORATE WORLD. AND I THINK THIS IS A PATTERN.
THEY TRY TO DUMP STUFF ON THE
LITTLE GUY.
LITTLE GUY. AND BROOKSCHMIDT -- BILL
BROOKSCHMIDT, AS YOU KNOW
PERSONALLY, WAS -- I NEVER MET
HIM, BUT FROM ALL ACCOUNTS, WAS
AN ETHICAL MAN AND A MORAL MAN
TRYING TO DO THE RIGHT THING IN
AN INDUSTRY WHERE THAT IS NOT
ALWAYS REWARDED.
ALWAYS REWARDED. AND SO, HE OVER THE YEARS HAD
COMPILED A LOT OF INFORMATION
THAT SHOWED HIM STANDING UP FOR
WHAT WAS RIGHT, EVEN WHEN HIS
SUPERIORS AND HIS COLLEAGUES
WANTED TO DO WHAT WAS WRONG.
>> WELL, MAYBE DEUTSCHE BANK
SHOULD BE REMINDED, WHEN YOU
TAKE THE SERIES 25, LICENSE AND