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Deutsche Bank executive was a ‘gatekeeper’ for wealthy customers

Thomas Bowers, 55, hanged himself on November 19 at his beach side home. He acted as a ‘gatekeeper’ for Deutsche Bank’s wealthiest customers  and signed off on loans for Donald Trump 

A former Deutsche Bank executive who signed off on several controversial loans to Donald Trump was being discussed as part of an FBI probe into the bank where he acted as a ‘gatekeeper’ for its wealthiest customers before his death.

Thomas Bowers, 55, hanged himself on November 19 at his Malibu home. 

The banker was not working for Deutsche Bank at the time.

He is among a handful of people who signed off on loans totaling $2 billion to Trump in the decades before he became president, even after other institutions turned him down. 

Trump’s dealings with Deutsche Bank is under investigation by two Congressional committees and the New York Attorney General, The New York Times reported. 

Investigators are seeking to use Deutsche Bank to probe Trump’s personal and business finances.

A source with knowledge of an FBI investigation into Deutsche Bank said that federal investigators had asked about Bowers and documents he might have. 

Another source claimed that Bowers would acted as the ‘gatekeeper’ for financial documents for the bank’s wealthiest customers, Forensic News reported.

Bowers was among a handful of people who signed off on loans totaling $2 billion to Trump in the decades before he became president, even after other institutions turned him down

Bowers was among a handful of people who signed off on loans totaling $2 billion to Trump in the decades before he became president, even after other institutions turned him down

However there is no evidence that Bowers was being investigated by the FBI or that his death was linked to his professional life, Forensic News added. 

The FBI is examining whether Deutsche Bank complied with laws meant to stop money laundering, Reuters reported in June.

The inquiry follows a report by the New York Times last month about bank employees in the U.S. compliance division who had flagged suspicious financial transactions to their superiors, who then opted not to escalate them to government authorities.

The transactions were notable because they were linked to companies controlled by President Donald Trump and his son-in-law and advisor Jared Kushner, according to the report.

Trump rejected the report last month, saying he had little need for banks because he had so much cash on hand and denying that the money came from Russia.

The resulting FBI investigation is viewed as routine following the report about the bank whistleblower, said the person, who spoke on condition of anonymity in order to talk about an ongoing investigation.

A Deutsche Bank spokesperson declined to comment on the Times report, but said at the time: ‘We remain committed to cooperating with authorized investigations.’

Kushner Companies said allegations about its relationship with Deutsche involving money laundering are ‘completely made up and totally false’.

Bowers' wife of 35 years, Abigail, died in March 2017. They are shown as youngsters in a photograph he shared at the time of her death

Bowers’ wife of 35 years, Abigail, died in March 2017. They are shown as youngsters in a photograph he shared at the time of her death

Bowers' property in Malibu, where he was found hanging on November 19

Bowers’ property in Malibu, where he was found hanging on November 19

Bowers’ wife Abigail died in 2017. The couple had three children together.

He was the head of the American wealth-management division at one time and oversaw Rosemary T. Vrablic, Trump’s private banker. Bowers is understood to have left the bank in 2015.

His most recent known position was on the board of directors at Opus Bank, which he left in 2018.

The L.A. County Coroner’s Office confirmed in its ruling that Bowers died as a result of suicide by hanging.

Deutsche Bank was giving Trump loans as recently as 2015, during his presidential campaign, to buy properties around the world

Deutsche Bank was giving Trump loans as recently as 2015, during his presidential campaign, to buy properties around the world

After Trump took office, Deutsche Bank came under intense scrutiny for its loans to the then-businessman, which were given despite warning signs that he was undesirable to other institutions.

They have even become the subject of investigations by House Committees and the New York Attorney General.

In March, The New York Times reported how Vrablic reported directly to Bowers and was promised a $3 million salary when she joined in 2006.

In a press release announcing their new hire, Bowers said of her: ‘Rosemary is widely recognized as one of the top private bankers to the US ultra high-net-worth community.’

Deutsche Bank was giving Trump loans as recently as 2015, during his presidential campaign, to buy properties around the world.

Under Vrablic, he got $300 million. The rest of the money had come through years earlier in different formats than through the private banking division. 

If you or anyone you know is struggling, for confidential support contact the National Suicide Prevention Lifeline on 1-800-273-8255 or visit their website.

 

Read more at DailyMail.co.uk


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