Rebirth of England

On February 20, Benjamin Rothschild, the president of NM Rothschild Bank, and his lawyer surrendered to the French Authority for Financial Markets (AMF).

In his plea agreement with the Financial Markets Authority, Benjamin Rothschild admitted that it was with his permission that some managers of NM Rothschild Bank carried out the operation of their proprietary business because of the irregularities of trader Pete. Of the €3 billion in losses caused, at least €2 billion was transferred to its wealth management arm.

In this agreement, Benjamin Rothschild explained that all this stemmed from the fact that he did not want these huge losses to cause him to lose the heir to the LCR Rothschild Group, and therefore concealed the group. 's management.

And Benjamin Rothschild denied that LCR Rothschild Group and NM Rothschild Bank had used these methods to transfer losses from their own business many times before.

Ultimately, Benjamin Rothschild will resign from all positions at NM Rothschild Bank, assume responsibility, and accept relevant penalties.

After all, with the scale of self-operated capital losses and transfers exceeding 2 billion euros, if anyone is said to be responsible for this, it is certainly impossible to infer the following people...

People at AMF are not fools. No one would dare to do an operation of this scale without the approval of the bank president, Benjamin Rothschild.

Therefore, in the end, in order to complete the Monetary Authority's investigation of NM Rothschild Bank as soon as possible, only Benjamin Rothschild, the president of NM Rothschild Bank, can bear the responsibility.

Eventually, Benjamin Rothschild would be restricted from residence until his trial began.

In addition, NM Rothschild Bank was fined up to 500 million euros by the French Financial Market Authority for this reason.

And the clients of the LCR Rothschild Group, whose investments have shrunk significantly, collectively submitted a lawsuit against the LCR Rothschild Group to the Paris Court, demanding that the other party compensate them for their losses.

The total amount of compensation they requested was as high as 35 billion euros!

This is France's largest-ever lawsuit involving investment losses.

You must know that ordinary people cannot reach the threshold to become a wealth management customer of LCR Rothschild Bank. At least they are wealthy families above the middle class, and there are even some super-rich people among them...

Therefore, the lawsuit filed by these people against the LCR Rothschild Group may be enough to cause a headache for the Rothschild family.

"The compensation amount of 35 billion euros will definitely not be supported. After all, when the two parties sign a fund management agreement, there will be relevant clauses. Generally speaking, as long as it is not an agreement with a guaranteed nature, any investment caused by the As long as the loss is not caused by human factors, the court will not support compensation..."

During the phone call with Daisy, she said to Barron:

"However, among them, NM Rothschild Bank has transferred the losses of the self-operated department to the wealth management department, so for this part, they will definitely need to compensate and will receive corresponding fines."

Barron is naturally aware of these things, but the most troublesome thing about the Rothschild family this time is that a considerable part of the funds they manage belong to some national public investment funds. This part of the funds has caused huge losses. This may jeopardize the relationship between the Rothschild family and these government-managed public investment funds.

Anyway, for now, they just have to wait for things to go according to plan and the harvest finally happens.

But beyond that, Barron ran into a little trouble.

In fact, this is not related to Barron, but to John Smith of the Sinclair Group.

Yesterday, John Smith contacted Barron on the phone. He was cautious and did not tell the whole story on the phone. Instead, he made an appointment with Barron to meet.

Since John Smith gained control of the family business, Barron has rarely met with him - after all, the Sinclair Group's largest shareholder outside their family is now IC Capital, managed by Ivanta. And no longer SEM Group.

"Barron, I might be in trouble..."

After meeting, Barron noticed that John Smith's expression was slightly panicked. He patted the other person on the shoulder and said calmly:

"Don't worry, John. Speak slowly."

"The thing is like this..."

It turns out that what caused John Smith to be like this was something about his good brother.

Two days ago, police officers went to the Sinclair Group to see John Smith and asked him about the death of his brother David Smith.

David Smith was hospitalized after a stroke. In the ward, due to a mistake by a caregiver, the equipment failed and he died.

Because the caregiver was found to be a drug addict and later died of an overdose in his residence, David Smith's death was deemed an accidental death caused by human error.

But now a police officer found John Smith again to learn about this matter, which aroused John Smith's vigilance.

After he dealt with the police officer, he found out that not only him, but other brothers and sisters in their family were also questioned by the police about this matter.

Now John Smith, as the chairman of the Sinclair Group, has access to more resources and information, so he quickly found out the whole story.

Not long ago, a serious criminal serving a sentence in Dallas County Jail in Texas contacted a prosecutor in Maryland, claiming that he had an important clue to provide, on the condition that he be transferred to a California prison with better conditions and a more pleasant climate.

After hearing the clues provided by the other party, the prosecutor agreed to the exchange.

The prisoner told the prosecutor that another prisoner who was in the same room with him had mentioned something when chatting with him, that is, the other party had been commissioned to kill a hospital nurse in Maryland, and the words of the nurse before his death were also a bit strange...

After the prosecutor learned of this clue, he first found the "roommate" mentioned by the prisoner, who has now been transferred to the Maryland Prison. His name is Bartlan Rosario. He is a habitual criminal with a rich "criminal record". The last time he was imprisoned was because he shot and killed an old man when he broke into a house and was convicted of second-degree murder.

However, after the Attorney General approached Batran Rosario, he did not admit that he had said this at all, and after contacting his lawyer, he did not say a word.

Obviously, Batran Rosario has rich experience in dealing with the police.

However, after checking the relevant records in Maryland and according to the last words of the nurse before his death:

"Mr. Smith, don't come to me, someone else asked me to do this..."

This sentence, the Attorney General locked the clue on the case of David Smith, the former chairman of the Sinclair Group, who died accidentally in the hospital. After all, according to the situation of that case, it can be directly matched with the description of the prisoner who provided information before-the hospital nurse's mistake caused David Smith's death, and the nurse was later found to have died of an overdose at home...

Seeing this, the Attorney General named Harrington Porter became excited. The Sinclair Group is a well-known media company in Maryland and even the whole of America. The case involving the death of the former chairman of the group will definitely attract global attention!

But at the same time, this case is also very difficult. Not only are the identities of the suspects involved unusual, but also because the case was originally closed as an accidental death, many of the physical evidence related to the case may not be preserved...