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Deutsche Bank Whistleblower Exposes Multi-Billion Dollar Securities Violations, Detailed in the Financial Times



     Deutsche Bank Whistleblower Exposes Multi-Billion Dollar Securities
                 Violations, Detailed in the Financial Times

  PR Newswire

  WASHINGTON, Dec. 6, 2012

-- Former Deutsche Bank Risk Analyst Represented by Labaton Sucharow and the
Government Accountability Project

WASHINGTON, Dec. 6, 2012 /PRNewswire/ -- Today, Labaton Sucharow LLP and the
Government Accountability Project (GAP) announce their representation of a
whistleblower who is alleging multi-billion dollar securities violations at
Deutsche Bank, the Germany-based global investment bank. The alleged
misconduct was first publicly disclosed in an article published by the
Financial Times today. Dr. Eric Ben-Artzi is believed to be the first SEC
whistleblower to share his story publicly.

Ben-Artzi, a former Quantitative Risk Analyst at Deutsche Bank responded, "I
never wanted or expected to be a whistleblower. I reported internally first
and extensively, in accordance with bank policies and procedures. As the
problem was not acknowledged or corrected, I felt compelled to inform the
proper law enforcement authorities. Unfortunately, my family and I are paying
a heavy price for doing the right thing."

Dr. Ben-Artzi sought legal representation from Labaton Sucharow and reported
the possible securities violations to the U.S. Securities and Exchange
Commission through the SEC Whistleblower Program. The program, established by
the Dodd-Frank Wall Street Reform and Consumer Protection Act in July 2010,
has broad international reach and offers eligible whistleblowers significant
employment protections, monetary awards and the ability to report anonymously.

"When Dr. Ben-Artzi first consulted with me, I was shocked by the suggested
size and scope of the alleged misconduct," said Jordan Thomas, a former SEC
Assistant Director and Chair of the Whistleblower Representation Practice at
Labaton Sucharow. "This is exactly the type of situation that the SEC
Whistleblower Program was intended to address. It is one of many high-profile
matters in the pipeline."

Dr. Eric Ben-Artzi has worked in positions of significant responsibility at
major financial institutions. He has unique expertise with the models,
assumptions and calculations necessary to properly value and assess risk
associated with derivatives. Earlier, he earned his Ph.D. from the Courant
Institute at New York University where he also taught undergraduate courses in
mathematics and financial engineering.  

Bank Employee 'Know Your Rights' Campaign

In October, GAP launched a nationwide educational campaign aimed at employees
of large banks and financial institutions. This educational Know Your Rights
campaign, one of the first major coordinated national efforts of its kind,
seeks to inform workers of whistleblower protections and incentives that
potentially apply to them, if they have witnessed or are aware of wrongdoing.
Among other things, tens of thousands of leaflets were distributed at banks
and financial intuitions in 15 major cities across the country, informing
workers of their protections.

Dr. Ben-Artzi's case serves as a great example of the need for this important
public awareness campaign. More information can be found at
www.BankWhistleblower.org .  

About Us

Labaton Sucharow , one of the nation's premier law firms, has been a champion
of investor and consumer rights for close to 50 years. It was the first law
firm in the country to establish a practice exclusively focused on protecting
and advocating for whistleblowers who report possible violations of the
securities laws.  Building on the firm's top ranked securities litigation
platform, the Whistleblower Representation Practice leverages a world-class
in-house team of investigators, financial analysts, and forensic accountants
with federal and state law enforcement experience to provide unparalleled
representation for whistleblowers.    

The Government Accountability Project is the nation's leading whistleblower
protection organization. Through litigating whistleblower cases, publicizing
concerns and developing legal reforms, GAP's mission is to protect the public
interest by promoting government and corporate accountability. Founded in
1977, GAP is a non-profit, non-partisan advocacy organization based in
Washington, D.C.

Website: http://www.labaton.com
Contact: Steve Bodakowski for Labaton Sucharow LLP, +1-203-254-1300 ext 141,
or Dylan Blaylock, GAP Communications Director, +1-202-457-0034 ext. 137,
+1-202-236-3733 cell, dylanb@whistleblower.org
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