Robert Khuzami Stands To Lose Up To $250,000 If He Pursues Action Against Deutsche Bank

Tyler Durden's picture

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dark pools of soros's picture

you would think someone that high up on house money would just leave the rest of the chips on the table and run out the back on first sign of a raid... but addicts are addicts and greed has a mind of its own

Belrev's picture

All this money looks to me like it is already vested. So I don't see how he can lose any of it. Much to talk about nothing. I think he just does not want to go against his former employer, because he does not want to spoil his business relationships that he can later use for his career and business purposes.

And when one contributes to 401k plan funds offered through employer, one does it by taking money on pre-tax basis from his pay check. So what is the smoking gun here? If he made millions while working at DB, he sure has contributed large sums of money to his 401k, which is now showing on this report.

Bringin It's picture

Excuse me, I'm no financial genius.  Just a simple farmer.  But aren't we talking about the strike price when he executes his options?  Wouldn't one expect that an agressive prosecution of DB would affect that price?

Belrev's picture

I don't see any options. Only common stock that was granted to him and has already vested.

Bringin It's picture

Fine, so as he is a holder of a lot of shares of DB common you acknowledge the conflict of interest.  Or don't you?

Bob Chipeska's picture

Um, yeah, the guy owns stocks, bonds, and funds, has a pension plan/401k and some deferred comp, and even owns a house.  Shoot him for it.  Everyone also ranted when Hank Paulson had to sell his Goldman stake without paying taxes in order to become Treasury Secretary.  What's your better solution, Tyler?  Everyone in the government has to be 100% in Treasuries?  Going into this disaster no one at the SEC seemed to know anything about the businesses they were regulating.  Now they've hired some people who know their stuff, and it just so happens that those people may have worked on Wall Street.  Life goes on.

tupac shakur's picture

Brilliant reporting. Thank you for clarifying the amazing conflicts of interest. Regulators are ineffective by design - regulatory effectiveness would kill future job prospects.

cossack55's picture

Why not just hire grand Larceny felons out our prisons.  They know the system and can't vote in general elections.  Plus, they are already fitted for their orange perpsuits.

JohnKing's picture

A GS investigation into the prosecutor!

Rick64's picture

This begs the question, why does someone with this kind of wealth (and potential employment at a number of financial institutions) work for the SEC?

To give back to the community when in the end he is probably as guilty as the institutions he is investigating. The answer is obvious, to protect and mitigate the damages to these institutions, and thus his and his cohorts investments.

The revolving door.

Apostate's picture

Because the SEC is basically a method for keeping corporate leaders in line, to prevent them from becoming politically active or particularly outspoken in the media.

It's not a real enforcement mechanism. Be serious. It's a big fake god that you sacrifice a lot of paper to and spend some money and time on providing the pretense of following their pseudo-regulations.

I mean, who does the SEC go after? A nobody like Mark Cuban? Martha Stewart? These people are totally meaningless in the scheme of things. It's more of a religion, believing in the power of the SEC, than something meaningful. 

Some of you have a lot to learn about the way the world really works. Maybe it's too scary for you to accept that the politicians are just drunken actors that get rotated around fundraising dinners and handed legislation to pass. That's too much for some people.

That's OK. It'll all come apart, anyway. 

Miyagi_san's picture

BE A MAN AND STEP DOWN

Belrev's picture

I don't see any options. Only common stock that was granted to him and has already vested.

tom a taxpayer's picture

Outrageous! 

Who appointed Khuzami?

Who recommended him?

Who supported his appointment?

They all need to go!

Unbelievable perversion of justice.

Privatus's picture

Robert Khuzami stands to lose up to $250,000 if people reporting to him pursue action against Deutsche Bank. Conflict of interest much?

rickgo48's picture

These comments for the most part and your indictment of Khuzami are conjecture at best and not very well researched. It might make some sense to really do some research and understand his record and integrity. He is an extremely tough and talented prosecutor and did his utmost within DB to make sure that they did their business the right way. Being a chief counsel within a securities firm and bank is an extremely difficult and relatively unrewarding job. The business managers in banks/security firms constantly lobby their legal staffs to help them find ways to get deals done. The quote "if you don't approve any deals, you, as well as us, will lose our jobs because we won't make any money". Rob tried very hard within DB, but I don't believe that he thought that he could make the kind of impact that he could within the public sector. You fail to recognize the fact that he gave up his much higher compensation at DB to join the SEC. In fact, he could have easily joined many of the top law firms as a partner and chose not to do that either. This is the same guy that spent the first part of his career in the New York DA's office taking on the Blind Sheik while putting his own life and his families' life in danger. He decided to join DB to be able to make enough money to take care of his family, but gave that up to serve his country. He has recused himself from anything to do with DB not to protect himself from any problem, but because it is the right thing to do.

You do a lot of good work, but you are way off here.

jwalker46's picture

Where are these "Public Financial Disclosure Reports" published?  (If not published, what is the process by which they can be obtained?)

rocky89's picture

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rocky89's picture

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