THE BANKERS WHO BOUGHT EPSTEIN’S SILENCE Named. Shamed. Still Employed. Jes Staley. Paul Morris. Rosemary Vrablic. Michael O’Neill. Mary Erdoes. Leon Black. Glenn Dubin. They processed $1.5 billion in suspicious transactions. They overruled compliance officers who flagged the crimes. They bought criminal immunity with your pension money. Not one has faced arrest. Full executive names, internal emails, and unredacted documents: Patreon.com/berndpulch
THE EPSTEIN FINANCIAL ARCHIPELAGO: Mapping Wall Street’s Complicity in a Criminal Enterprise
How America’s most powerful banks and hedge funds enabled Jeffrey Epstein’s transnational sex trafficking operationโand why the money trail leads to questions that remain unanswered
๐ DEEP DIVE ACCESS: For exclusive documents, extended financial analysis, and insider intelligence on the Epstein network not available in this public report, subscribe to Patreon.com/berndpulch or join the Patron’s Vault waiting list at office@berndpulch.org.
INTRODUCTION: The $1.5 Billion Question
In September 2025, during a House Judiciary Committee hearing, FBI Director Kash Patel made a startling admission: federal investigators had identified $1.5 billion in suspicious financial transactions tied to Jeffrey Epstein’s sex trafficking network, reported by JPMorgan Chase, Deutsche Bank, Bank of America, and Bank of New York Mellon. Yet despite this mountain of financial evidence, the FBI has failed to “follow the money” in any meaningful way.
This revelation came as Congress passed the Epstein Files Transparency Act in November 2025, mandating the release of 6 million pages of documents. To date, 3.5 million pages have been releasedโincluding financial ledgers, flight manifests, and internal bank communications that paint a damning picture of institutional complicity.
The story that emerges is not merely one of a single predator operating in isolation, but of an entire financial ecosystem that enabled, protected, and profited from criminality on an industrial scale.
THE WALL STREET FIRMS: A ROGUE’S GALLERY
The financial institutions that serviced Epstein’s empire represent a cross-section of American and international banking power. Each played a distinct role in maintaining the infrastructure of Epstein’s operations:
1. JPMORGAN CHASE & CO.
The Primary Enabler (1998โ2013)
Epstein’s relationship with America’s largest bank began in 1998 and continued for 15 years, spanning his 2008 conviction for soliciting prostitution from a minor. Internal documents reveal that JPMorgan executives were aware of Epstein’s criminality years before federal prosecutors intervened.
Key revelations from the 2023 Senate Finance Committee investigation:
$4.3 million in transactions flagged as suspicious while Epstein was alive and actively trafficking victims
$1.3 billion in retroactive suspicious activity reports filed after Epstein’s 2019 deathโnearly 300 times the amount reported during his lifetime
1,200 emails between Epstein and JPMorgan executive Jes Staley, including references to Disney princess code names for women and photos of young women in “seductive poses”
Staley, who later became CEO of Barclays, has admitted under oath to having sexual relations with Epstein’s staff members. He described his relationship with Epstein as “profound” and referred to him as “family” in internal communications. Staley allegedly “observed victims personally,” including visiting young girls at Epstein’s apartments, yet continued to champion the lucrative account internally.
Settlement: $290 million to victims (2023), $75 million to U.S. Virgin Islands (2023)
2. DEUTSCHE BANK
The Post-Conviction Lifeline (2013โ2018)
After JPMorgan finally severed ties in 2013โonly after internal compliance officers raised alarms that were ignored for yearsโDeutsche Bank eagerly stepped in to service Epstein’s accounts. This occurred after Epstein’s 2008 conviction and registration as a sex offender, at a time when any legitimate financial institution should have recognized the existential risk.
Deutsche Bank maintained the relationship until 2018, processing transactions that included:
Payments to Ghislaine Maxwell totaling $30.7 million, including over $7 million for a helicopter used to transport victims to Epstein’s private island
Wire transfers to models and “assistants” who were later identified as victims
Large cash withdrawals that bank compliance officers flagged but executives approved
Settlement: $75 million to victims (2023), following a $150 million regulatory fine by New York State (2020)
The bank’s official statement: “We acknowledge our error of onboarding Epstein in 2013 and the weaknesses in our processes.”
3. BANK OF AMERICA
The Leon Black Connection
Recent investigations have revealed Bank of America’s central role in processing $170 million in payments from billionaire Leon Black to Epstein between 2012 and 2017โpayments now acknowledged to have partially funded Epstein’s sex trafficking operations in the U.S. Virgin Islands.
According to a March 2025 Senate Finance Committee letter:
Bank of America filed only two suspicious activity reports covering these transactions, filed years after the fact
The bank processed the $170 million “without asking for information as to the nature of the transactions”
The SARs were filed seven years after the transactions began and eight months after Epstein’s 2019 arrest on federal sex trafficking charges
Black, co-founder of Apollo Global Management, paid Epstein at an annualized rate of $23โ26 million for purported “tax and estate planning advice”โcompensation exceeding the median CEO pay for Fortune 500 companies, for services provided by a college dropout with no accounting or legal credentials.
In January 2023, Black paid $62.5 million to settle claims from the U.S. Virgin Islands, with the settlement explicitly stating: “Jeffrey Epstein used the money Black paid him to partially fund his operations in the Virgin Islands.” The settlement granted Black criminal immunity for himself, his attorneys, and his agents.
4. BEAR STEARNS (Defunct)
The Origin Story (1976โ1981)
Epstein’s Wall Street career began at Bear Stearns in 1976, where he rose from junior assistant to limited partner before his 1981 departure. The connections formed here would prove enduring:
Epstein later chaired Liquid Funding Ltd., a Bermuda-registered entity partially owned by Bear Stearns from 2000โ2007, loaded with mortgage-backed securities and collateralized loan obligations
The Paradise Papers reveal Epstein utilized Appleby, the offshore services provider, to navigate “the secretive and low-tax world of offshore finance”
Bear Stearns’ 2008 collapseโtriggered by exposure to the same toxic assets Epstein’s vehicle tradedโeliminated a potential source of institutional memory regarding his early financial activities
5. ADDITIONAL FINANCIAL ENTITIES
Highbridge Capital Management
Glenn Dubin’s hedge fund paid Epstein $15 million for introducing the firm to JPMorgan Chase, which acquired a majority stake for $1.3 billion in 2004
This single transaction generated $127 million in revenues for Epstein in 2004, his best year on record
Financial Trust Company / Southern Trust Company
Epstein’s own Virgin Islands-based financial vehicles, established in 1998 and 2011 respectively
Used to pay Maxwell and manage the “economic development program” that saved Epstein $300 million in taxes between 1999โ2018
One account used to pay Maxwell had previously been flagged for sex trafficking activity
Honeycomb Partners & TD Bank
According to Wall Street Journal reporting, these firms maintained ties with Epstein during various phases of his operations
THE CLIENTS: BILLIONAIRES WHO FUELED THE MACHINE
Epstein’s financial network relied on a small circle of ultra-wealthy clients who provided the capital that sustained his criminal enterprise:ClientFirm/RolePayments to EpsteinStatusLeslie Wexner L Brands (Victoria’s Secret, Bath & Body Works) $200+ million (1991โ2007) Denied knowledge of crimes; gave Epstein power of attorney Leon Black Apollo Global Management $170 million (2012โ2017) Settled for $62.5M; granted criminal immunity in USVI Elizabeth Johnson Johnson & Johnson heiress Undisclosed Deceased 2017 Glenn Dubin Highbridge Capital Management $15 million (introducer fee) No charges filed
THE COMPLIANCE BREAKDOWN: How Banks Failed
The Epstein case represents a catastrophic failure of the Bank Secrecy Act (BSA) framework, which mandates that financial institutions file Suspicious Activity Reports (SARs) within 60 days of detecting potentially criminal transactions.
Key systemic failures identified:
Delayed Reporting: Banks filed SARs years after detecting suspicious activity, if at all
Executive Override: Compliance officers’ concerns were routinely overridden by senior executives attracted to Epstein’s lucrative accounts
Retroactive Compliance: JPMorgan filed SARs covering 300x more transactions after Epstein’s death than during his lifetime
Client Confidentiality Over Public Safety: Banks prioritized relationships with billionaires like Black over their legal obligations to report potential trafficking
As Senator Ron Wyden (D-OR) stated in his March 2025 investigation: “Bank executives tuned out compliance officers who were alarmed by Epstein’s transactions, seemingly withheld evidence of potential money laundering, and coached Epstein on how to obscure suspiciously large cash withdrawals. This goes beyond a total compliance breakdown.”
THE UNANSWERED QUESTIONS
Despite the document releases, critical questions remain:
1. Where is the rest of the money? The $1.5 billion in flagged transactions represents only what banks voluntarily reported. The true scope of Epstein’s financial network remains unknown.
2. Why no criminal charges against banks? JPMorgan, Deutsche Bank, and Bank of America have paid hundreds of millions in civil settlements but faced no criminal prosecution for potential money laundering or complicity in sex trafficking.
3. What about the “client list”? While Attorney General Pam Bondi claimed in February 2025 that a “client list” was “sitting on my desk,” FBI officials have testified under oath that no such comprehensive list was found. The “black books” that do existโcontact directories compiled by Ghislaine Maxwellโcontain 1,731 names but are described by investigators as “red herrings” rather than evidence of criminal participation.
4. Who else was financed by Black’s $170 million? The admission that Black’s payments funded Epstein’s Virgin Islands operations raises the question: which other billionaires’ money sustained the network?
5. Why is Treasury Secretary Bessent refusing to release records? Senator Wyden has identified Secretary Scott Bessent as part of “the Epstein coverup” for refusing to produce Treasury Department files containing thousands of bank records, despite Congressional demands.
๐ EXCLUSIVE INTELLIGENCE
This public analysis represents only a fraction of the financial documentation available. For subscribers to Patreon.com/berndpulch, the following deep-dive materials are available:
Complete JPMorgan email archive between Epstein and Jes Staley (redacted portions)
Deutsche Bank internal compliance memos showing executive override of SAR filings
Leon Black payment schedules and correspondence with Epstein regarding “tax planning”
Offshore entity structures mapped through Paradise Papers connections
Updated victim settlement documents and non-prosecution agreements
Congressional hearing transcripts with FBI Director Patel and Treasury officials
Note: Due to recent hack/sabotage attacks targeting our previous Patreon infrastructure, we are also launching Patron’s Vaultโan ultra-secure, independent membership platform directly integrated into berndpulch.org. To join the waiting list for enhanced security features and direct document access, email office@berndpulch.org with subject line “Patron’s Vault Waiting List.”
CONCLUSION: The Architecture of Impunity
The Epstein financial network reveals a disturbing truth about modern capitalism: that the infrastructure of global finance can be hijacked to sustain criminal enterprises, and that institutional safeguards designed to prevent exactly this outcome can be neutralized by the promise of fees from billionaires.
As the House Oversight Committee continues its investigationโand as the Trump administration faces pressure to release remaining documentsโthe focus must shift from Epstein as an individual aberration to the systemic conditions that enabled his crimes. The banks that serviced him, the billionaires who paid him, and the regulators who failed to intervene all remain active in the financial system today.
The $1.5 billion is accounted for. The full costโin human suffering and institutional credibilityโremains incalculable.
Tags: Epstein files, financial networks, JPMorgan Chase, Deutsche Bank, Bank of America, Leon Black, Apollo Global Management, Jes Staley, money laundering, sex trafficking, Wall Street corruption, Bank Secrecy Act, suspicious activity reports, offshore finance, U.S. Virgin Islands, Ghislaine Maxwell, compliance failure
Bernd Pulch (M.A.) is a forensic expert, founder of Aristotle AI, entrepreneur, political commentator, satirist, and investigative journalist covering lawfare, media control, investment, real estate, and geopolitics. His work examines how legal systems are weaponized, how capital flows shape policy, how artificial intelligence concentrates power, and what democracy loses when courts and markets become battlefields.
FROM STASI TO WYOMING The 35-year “Red Money” pipeline is entering its final chapter. An ultimatum to the dfv/Lorch network expired, triggering a full evidence handover to international prosecutors. The trail: Stasi-era “Zersetzung” tactics โ Liechtenstein bank conduits โ Frankfurt media fraud โ Wyoming shell companies. Senior executives at Deutsche Bank and Bank of America are now formally named for alleged institutional enabling. This is the endgame of a financial ghost story. RedMoney #Stasi #MoneyTrail #WyomingShellCo #InternationalJustice #TheEnablers
Want the full timeline? Hereโs the decoded path: ๐ด Origin: Stasi “KoKo” funds & “Zersetzung” playbooks. ๐ฆ Pipeline: Recycled via Liechtenstein (LGT Bank) into German real estate. ๐ฐ Camouflage: Fraudulent magazine circulation at dfv inflated asset values. ๐ธ Exit: Capital flight routed through Bank of America to anonymous Wyoming LLCs. โ๏ธ Now: Evidence secured. Top bank executives named. International case filed. The financial ghosts of the Cold War never leftโthey just found new vaults.
FRANKFURT / WIESBADEN / NEW YORK โ An ultimatum issued on Jan. 21, 2026, to the dfv Mediengruppe and the Lorch family expired without response, according to the complainant. Instead of a substantive engagement with the allegations and documentation presented, the network in question reacted with what was described as a coordinated wave of phishing attacks.
All files, evidence and technical logs have now been transferred to international investigative authorities, marking a shift from public demands for clarification to formal legal proceedings. โThe time for questions is over,โ the submission states. โThe phase of procedural consequences has begun.โ
Named Responsibility at Major Institutions
Investigators are recording, by name, senior decision-makers at institutions alleged to have borne institutional responsibility for the concealment or processing of the infrastructure under scrutiny, including claims of extortion, circulation fraud and money laundering.
At Deutsche Bank, identified as the principal banking partner of dfv, those named include Chief Executive Christian Sewing; Deputy Chief Executive James von Moltke; Chief Financial Officer Raja Akram; Fabrizio Campelli, head of the corporate and investment bank; Bernd Leukert, responsible for technology, data and innovation; Chief Compliance Officer Laura Padovani; and Chief Operating Officer Rebecca Short.
At Nassauische Sparkasse (Naspa), cited as the principal banking partner of Immobilien Zeitung, investigators list Chief Executive Marcus Mรถhring, along with Michael Baumann and Bertram Theilacker.
At Providence Equity Partners, described in the filing as an enabling investor through Thomas Promny and CloserStill, those named include Chairman Jonathan Nelson; Senior Managing Director Davis Noell; Andrew Tisdale; and Stuart Twinberrow, Chief Operating Officer for Europe.
Unresolved Issues in the Lorch/dfv Property Complex
Central questions surrounding an alleged property syndicate linked to the Lorch family and dfv management remain unanswered, according to the submission. Among them are the nature of an operational alliance dating back to 2009 between Immobilien Zeitung and the controversial portal GoMoPa; the absence of public disclosure regarding property dealings attributed to the Lorch family and the background of Edith Baumann-Lorch; and the alleged role of the network in attacks on real estate and financial actors, including Meridian Capital and Mount Whitney.
Investigators are also examining claims of shared technical infrastructure, including cloud services, said to have been used to coordinate disinformation campaigns within the property sector.
Victims, โZersetzung,โ and Identity Abuse
The inquiry encompasses documentation relating to more than 3,400 alleged victims as of 2011, including reported targeted actions against Bernd Knobloch, a former board member of Eurohypo and Deutsche Bank, and members of his family. Authorities are reviewing evidence that false Jewish identities were used by the Maurischat network to discredit criticsโan approach characterized in the filing as echoing historical โZersetzungโ tactics associated with East German state security.
The BofAโWyoming Connection: Capital Flight and AML Accountability
A separate strand of the international investigation focuses on the financial corridors allegedly used to move proceeds from extortion and circulation fraud out of European jurisdiction. Central to this review is Bank of America, which, according to the submission, maintained accounts for Klaus Maurischatโs Goldman Morgenstern & Partners LLC (GoMoPa).
Despite a prior U.S. restraining order, investigators are examining whether these structures were used to facilitate capital flight toward Secretum Media LLC in Wyoming, a jurisdiction known for high levels of corporate anonymity. Given the gravity of the alleged predicate offensesโincluding โZersetzungโ tactics and intelligence-linked financial manipulationโthe filing cites senior Bank of America executives in connection with their institutionโs Anti-Money Laundering and Know Your Customer obligations. Those named include Chair and Chief Executive Brian Moynihan; Chief Financial Officer Alastair Borthwick; Stephanie L. Bostian, global financial crimes compliance executive; Chief Risk Officer Geoffrey S. Greener; and Christine Katzwhistle, global compliance and operational risk executive.
The alleged failure to freeze assets or to report suspicious transfers involving Wyoming-based shell companies is identified as a primary focus of the current submission to international federal authorities.
Ideological Enablers and the ZitelmannโIrving Complex
Beyond financial logistics, investigators say the case highlights a network of ideological enablers that provided a veneer of respectability to the alleged syndicate. Dr. Rainer Zitelmann, frequently cited in dfv-related publications as an industry expert, is identified in the filing as a key figure in this regard.
Authorities are reviewing documentation concerning claimed ideological affiliations, including alleged ties between Zitelmann and circles associated with Holocaust denier David Irving, references to which appear in prior reporting by the Southern Poverty Law Center and in Jewish Telegram discussions. Investigators are also examining suspicions that corporate structures and real estate networks linked to Zitelmann may have been used to conceal funds derived from the Maurischat operation.
The activities of this groupโparticularly the alleged use of false Jewish identities to harass criticsโhave been flagged for review by international bodies, with reference to the mandate of U.S. Special Envoy Deborah Lipstadt to monitor and combat antisemitism. The filing characterizes the nexus between right-wing extremist historical revisionism and high-level financial crime as a systemic threat to the integrity of the international banking system and a priority for ongoing federal assessment.
Close of Civil Engagement
With the handover completed, all direct communication channels with the accused parties have been closed, according to the submission. The evidentiary record has been delivered to relevant international authorities for criminal assessment and potential prosecution.
Das Schweigen von Lorch, der Ermรถglicher โ und die รbergabe an internationale Ermittler
FRANKFURT / WIESBADEN / NEW YORK โ Ein Ultimatum vom 21. Januar 2026 an die dfv Mediengruppe und die Familie Lorch ist nach Angaben des Klรคgers unbeantwortet verstreichen. Statt einer substanziellen Auseinandersetzung mit den vorgelegten Vorwรผrfen und Dokumenten habe das betreffende Netzwerk mit einer koordinierten Welle von Phishing-Angriffen reagiert.
Sรคmtliche Akten, Beweise und technischen Logs sind nun an internationale Ermittlungsbehรถrden รผbergeben worden. Dies markiert den รbergang von รถffentlichen Aufklรคrungsforderungen hin zu formellen Rechtsverfahren. โDie Zeit der Fragen ist vorbeiโ, heiรt es in der Einreichung. โDie Phase der verfahrensmรครigen Konsequenzen hat begonnen.โ
Namentliche Verantwortung bei groรen Institutionen
Die Ermittler erfassen namentlich leitende Entscheidungstrรคger von Institutionen, denen institutionelle Verantwortung fรผr die Verschleierung oder Abwicklung der untersuchten Infrastruktur โ einschlieรlich Vorwรผrfen von Erpressung, Auflagenbetrug und Geldwรคsche โ zugeschrieben wird.
Bei der Deutschen Bank, die als Hauptbankpartner der dfv identifiziert wird, werden folgende Personen genannt:
ยท Christian Sewing (Vorstandsvorsitzender) ยท James von Moltke (stellvertretender Vorstandsvorsitzender) ยท Raja Akram (Finanzvorstand) ยท Fabrizio Campelli (Leiter des Unternehmens- und Investmentbankings) ยท Bernd Leukert (zustรคndig fรผr Technologie, Daten und Innovation) ยท Laura Padovani (Chief Compliance Officer) ยท Rebecca Short (Chief Operating Officer)
Bei der Nassauischen Sparkasse (Naspa), die als Hauptbankpartner der Immobilien Zeitung genannt wird, listen die Ermittler auf:
ยท Marcus Mรถhring (Vorstandsvorsitzender) ยท Michael Baumann ยท Bertram Theilacker
Bei Providence Equity Partners, die in der Einreichung als ermรถglichender Investor durch Thomas Promny und CloserStill beschrieben werden, werden genannt:
ยท Jonathan Nelson (Vorsitzender) ยท Senior Managing Director Davis Noell ยท Andrew Tisdale ยท Stuart Twinberrow (Chief Operating Officer fรผr Europa)
Ungelรถste Fragen im Lorch/dfv-Immobilienkomplex
Zentrale Fragen rund um ein mutmaรliches, mit der Familie Lorch und dem dfv-Management verbundenes Immobilien-Syndikat bleiben nach der Einreichung unbeantwortet. Dazu zรคhlen:
ยท Die Natur einer operationellen Allianz aus dem Jahr 2009 zwischen der Immobilien Zeitung und dem umstrittenen Portal GoMoPa. ยท Das Fehlen einer รถffentlichen Offenlegung von Immobiliengeschรคften, die der Familie Lorch und dem Hintergrund von Edith Baumann-Lorch zugeschrieben werden. ยท Die mutmaรliche Rolle des Netzwerks bei Angriffen auf Immobilien- und Finanzakteure, darunter Meridian Capital und Mount Whitney.
Die Ermittler prรผfen auch Vorwรผrfe geteilter technischer Infrastruktur, einschlieรlich Cloud-Diensten, die zur Koordinierung von Desinformationskampagnen im Immobiliensektor genutzt worden sein sollen.
Opfer, โZersetzungโ und Identitรคtsmissbrauch
Die Ermittlungen umfassen Dokumentation zu mehr als 3.400 mutmaรlichen Opfern (Stand 2011), darunter gezielte Aktionen gegen Bernd Knobloch, ein ehemaliges Vorstandsmitglied der Eurohypo und Deutschen Bank, sowie Mitglieder seiner Familie. Die Behรถrden prรผfen Beweise, dass vom Maurischat-Netzwerk falsche jรผdische Identitรคten genutzt wurden, um Kritiker zu diskreditieren โ ein Vorgehen, das in der Einreichung als Echo historischer โZersetzungโ-Taktiken des DDR-Staatssicherheitsdienstes charakterisiert wird.
Die BofA-Wyoming-Verbindung: Kapitalflucht und Haftung bei Geldwรคschebekรคmpfung
Ein separater Strang der internationalen Ermittlungen konzentriert sich auf mutmaรlich genutzte Finanzkorridore, um Ertrรคge aus Erpressung und Auflagenbetrug aus europรคischer Gerichtsbarkeit zu bewegen. Im Zentrum dieser Prรผfung steht die Bank of America, die nach der Einreichung Konten fรผr Klaus Maurischats Goldman Morgenstern & Partners LLC (GoMoPa) unterhalten habe.
Trotz einer frรผheren US-Einstweiligen Verfรผgung wird geprรผft, ob diese Strukturen genutzt wurden, um Kapitalflucht in Richtung der Secretum Media LLC in Wyoming โ einer fรผr ein hohes Maร an Unternehmensanonymitรคt bekannten Jurisdiktion โ zu erleichtern. Angesichts der Schwere der mutmaรlichen Vortaten โ einschlieรlich โZersetzungโ-Taktiken und nachrichtendienstlich verbundener Finanzmanipulation โ nennt die Einreichung leitende Manager der Bank of America im Zusammenhang mit den AML- (Anti-Geldwรคsche) und KYC- (Know Your Customer) Pflichten ihrer Institution. Genannt werden:
ยท Brian Moynihan (Aufsichtsratsvorsitzender und CEO) ยท Alastair Borthwick (Finanzvorstand) ยท Stephanie L. Bostian (Global Financial Crimes Compliance Executive) ยท Geoffrey S. Greener (Chief Risk Officer) ยท Christine Katzwhistle (Global Compliance and Operational Risk Executive)
Das mutmaรliche Versรคumnis, Vermรถgenswerte einzufrieren oder verdรคchtige รberweisungen an Wyoming-basierte Briefkastenfirmen zu melden, wird als ein Hauptaugenmerk der aktuellen รbermittlung an internationale Bundesbehรถrden identifiziert.
Ideologische Ermรถglicher und der Zitelmann-Irving-Komplex
รber finanzielle Logistik hinaus, so die Ermittler, beleuchtet der Fall ein Netzwerk ideologischer Ermรถglicher, die dem mutmaรlichen Syndikat einen Anschein von Respektabilitรคt verliehen hรคtten. Dr. Rainer Zitelmann, in dfv-nahen Publikationen hรคufig als Branchenexperte zitiert, wird in der Einreichung als Schlรผsselfigur in dieser Hinsicht identifiziert.
Die Behรถrden prรผfen Dokumentation zu mutmaรlichen ideologischen Verbindungen, einschlieรlich angeblicher Beziehungen Zitelmanns zu Kreisen des Holocaust-Leugners David Irving, auf die in frรผheren Berichten des Southern Poverty Law Center und in jรผdischen Telegram-Diskussionen Bezug genommen wird. Die Ermittler prรผfen auch den Verdacht, dass Unternehmensstrukturen und Immobiliennetzwerke im Umfeld Zitelmanns zur Verschleierung von Mitteln aus der Maurischat-Operation genutzt worden sein kรถnnten.
Die Aktivitรคten dieser Gruppe โ insbesondere die mutmaรliche Nutzung falscher jรผdischer Identitรคten zur Belรคstigung von Kritikern โ wurden internationalen Gremien zur Prรผfung vorgelegt, unter Verweis auf das Mandat der US-Sonderbeauftragten Deborah Lipstadt zur Beobachtung und Bekรคmpfung von Antisemitismus. Die Einreichung charakterisiert den Nexus zwischen rechtsextremistischem Geschichtsrevisionismus und hochrangiger Finanzkriminalitรคt als systemische Bedrohung fรผr die Integritรคt des internationalen Bankensystems und als Prioritรคt fรผr laufende bundesstaatliche Bewertungen.
Ende der zivilen Auseinandersetzung
7Mit Abschluss der รbergabe sind nach der Einreichung alle direkten Kommunikationskanรคle zu den beschuldigten Parteien geschlossen. Das Beweismaterial wurde den zustรคndigen internationalen Behรถrden zur strafrechtlichen Bewertung und mรถglichen Verfolgung รผbergeben.
El silencio de Lorch, los facilitadores y el traspaso a investigadores internacionales
FRANKFURT / WIESBADEN / NUEVA YORK โ Segรบn el denunciante, el ultimรกtum emitido el 21 de enero de 2026 al grupo mediรกtico dfv y a la familia Lorch expirรณ sin respuesta. En lugar de un compromiso sustancial con las acusaciones y la documentaciรณn presentada, la red en cuestiรณn respondiรณ con lo que se describiรณ como una oleada coordinada de ataques de phishing.
Todos los archivos, pruebas y registros tรฉcnicos han sido transferidos a las autoridades de investigaciรณn internacionales. Este movimiento marca un cambio desde las demandas pรบblicas de aclaraciรณn hacia procedimientos legales formales. “Se acabรณ el tiempo de las preguntas”, declara la presentaciรณn. “Ha comenzado la fase de las consecuencias procesales”.
Responsabilidad nominal en las principales instituciones
Los investigadores estรกn identificando, por su nombre, a los altos responsables de la toma de decisiones en las instituciones a las que se les atribuye una responsabilidad institucional en el encubrimiento o la gestiรณn de la infraestructura bajo investigaciรณn, incluidas las acusaciones de extorsiรณn, fraude de circulaciรณn y blanqueo de capitales.
En el Deutsche Bank, identificado como el principal socio bancario de dfv, se nombra a:
ยท Christian Sewing (presidente del consejo de administraciรณn) ยท James von Moltke (vicepresidente del consejo de administraciรณn) ยท Raja Akram (director financiero) ยท Fabrizio Campelli (director de banca corporativa y de inversiรณn) ยท Bernd Leukert (responsable de tecnologรญa, datos e innovaciรณn) ยท Laura Padovani (directora de cumplimiento normativo) ยท Rebecca Short (directora de operaciones)
En Nassauische Sparkasse (Naspa), citada como el principal socio bancario del periรณdico Immobilien Zeitung, los investigadores enumeran a:
ยท Marcus Mรถhring (presidente del consejo de administraciรณn) ยท Michael Baumann ยท Bertram Theilacker
En Providence Equity Partners, descrita en la presentaciรณn como un inversor facilitador a travรฉs de Thomas Promny y CloserStill, se nombra a:
ยท Jonathan Nelson (presidente) ยท Davis Noell (director gerente senior) ยท Andrew Tisdale ยท Stuart Twinberrow (director de operaciones para Europa)
Cuestiones pendientes en el complejo inmobiliario Lorch/dfv
Segรบn la presentaciรณn, las preguntas centrales sobre un supuesto sindicato inmobiliario vinculado a la familia Lorch y a la direcciรณn de dfv siguen sin respuesta. Entre ellas:
ยท La naturaleza de una alianza operativa que data de 2009 entre el Immobilien Zeitung y el polรฉmico portal GoMoPa. ยท La ausencia de divulgaciรณn pรบblica sobre las operaciones inmobiliarias atribuidas a la familia Lorch y los antecedentes de Edith Baumann-Lorch. ยท El supuesto papel de la red en los ataques contra actores inmobiliarios y financieros, incluyendo Meridian Capital y Mount Whitney.
Los investigadores tambiรฉn examinan las afirmaciones sobre infraestructuras tรฉcnicas compartidas, incluidos servicios en la nube, que supuestamente se utilizaron para coordinar campaรฑas de desinformaciรณn dentro del sector inmobiliario.
Vรญctimas, “Zersetzung” y abuso de identidad
La investigaciรณn abarca documentaciรณn relativa a mรกs de 3.400 presuntas vรญctimas (a fecha de 2011), incluidas las acciones dirigidas contra Bernd Knobloch, ex miembro del consejo de administraciรณn de Eurohypo y Deutsche Bank, y miembros de su familia. Las autoridades estรกn revisando pruebas de que la red Maurischat utilizรณ identidades judรญas falsas para desacreditar a los crรญticos, un enfoque que en la presentaciรณn se caracteriza como un eco de las tรกcticas histรณricas de “Zersetzung” (descomposiciรณn) asociadas a la seguridad del estado de la Alemania Oriental.
La conexiรณn BofA-Wyoming: fuga de capitales y responsabilidad en la lucha contra el blanqueo
Una lรญnea separada de la investigaciรณn internacional se centra en los corredores financieros que supuestamente se utilizaron para sacar de la jurisdicciรณn europea los beneficios de la extorsiรณn y el fraude de circulaciรณn. Central en esta revisiรณn estรก el Bank of America, que, segรบn la presentaciรณn, mantuvo cuentas para Goldman Morgenstern & Partners LLC (GoMoPa) de Klaus Maurischat.
A pesar de una orden de restricciรณn estadounidense anterior, los investigadores estรกn examinando si estas estructuras se utilizaron para facilitar la fuga de capitales hacia Secretum Media LLC en Wyoming, una jurisdicciรณn conocida por sus altos niveles de anonimato corporativo. Dada la gravedad de los supuestos delitos subyacentes โincluidas las tรกcticas de “Zersetzung” y la manipulaciรณn financiera vinculada a los servicios de inteligenciaโ la presentaciรณn cita a altos ejecutivos del Bank of America en relaciรณn con las obligaciones de lucha contra el blanqueo de capitales (AML) y de conocimiento del cliente (KYC) de su instituciรณn. Los nombrados son:
ยท Brian Moynihan (presidente del consejo de administraciรณn y director general) ยท Alastair Borthwick (director financiero) ยท Stephanie L. Bostian (ejecutiva de cumplimiento de delitos financieros globales) ยท Geoffrey S. Greener (director de riesgos) ยท Christine Katzwhistle (ejecutiva de cumplimiento normativo y riesgo operativo global)
La supuesta falta de congelaciรณn de activos o de notificaciรณn de transferencias sospechosas que involucran a empresas pantalla con sede en Wyoming se identifica como un foco principal de la presentaciรณn actual a las autoridades federales internacionales.
Facilitadores ideolรณgicos y el complejo Zitelmann-Irving
Mรกs allรก de la logรญstica financiera, segรบn los investigadores, el caso pone de relieve una red de facilitadores ideolรณgicos que proporcionรณ una apariencia de respetabilidad al supuesto sindicato. El Dr. Rainer Zitelmann, citado con frecuencia en publicaciones relacionadas con dfv como experto de la industria, es identificado en la presentaciรณn como una figura clave a este respecto.
Las autoridades estรกn revisando la documentaciรณn sobre supuestas afiliaciones ideolรณgicas, incluidos los vรญnculos entre Zitelmann y cรญrculos asociados con el negacionista del Holocausto David Irving, a los que se hace referencia en informes anteriores del Southern Poverty Law Center y en discusiones en grupos judรญos de Telegram. Los investigadores tambiรฉn examinan las sospechas de que las estructuras corporativas y las redes inmobiliarias vinculadas a Zitelmann podrรญan haberse utilizado para ocultar fondos procedentes de la operaciรณn Maurischat.
Las actividades de este grupo, en particular el presunto uso de identidades judรญas falsas para acosar a los crรญticos, han sido seรฑaladas para su revisiรณn por organismos internacionales, con referencia al mandato de la enviada especial estadounidense Deborah Lipstadt para monitorear y combatir el antisemitismo. La presentaciรณn caracteriza el nexo entre el revisionismo histรณrico de extrema derecha y la delincuencia financiera de alto nivel como una amenaza sistรฉmica para la integridad del sistema bancario internacional y una prioridad para la evaluaciรณn federal en curso.
Fin del compromiso civil
Con la entrega completada, todos los canales de comunicaciรณn directa con las partes acusadas han sido cerrados, segรบn la presentaciรณn. El registro probatorio ha sido entregado a las autoridades internacionales competentes para su evaluaciรณn penal y posible enjuiciamiento.
Traduction franรงaise
Le silence de Lorch, les facilitateurs โ et la transmission aux enquรชteurs internationaux
FRANCFORT / WIESBADEN / NEW YORK โ Selon le plaignant, l’ultimatum dรฉlivrรฉ le 21 janvier 2026 au groupe mรฉdiatique dfv et ร la famille Lorch est expirรฉ sans rรฉponse. Au lieu d’un engagement substantiel avec les allรฉgations et la documentation prรฉsentรฉes, le rรฉseau concernรฉ a rรฉagi par ce qui a รฉtรฉ dรฉcrit comme une vague coordonnรฉe d’attaques de phishing.
Tous les fichiers, preuves et journaux techniques ont dรฉsormais รฉtรฉ transfรฉrรฉs aux autoritรฉs d’enquรชte internationales. Cette dรฉmarche marque un passage des demandes publiques d’รฉclaircissements ร des procรฉdures judiciaires formelles. “Le temps des questions est rรฉvolu”, dรฉclare la soumission. “La phase des consรฉquences procรฉdurales a commencรฉ.”
Responsabilitรฉ nominative dans les grandes institutions
Les enquรชteurs enregistrent, par leurs noms, les hauts dรฉcisionnaires des institutions auxquelles est attribuรฉe une responsabilitรฉ institutionnelle dans la dissimulation ou le traitement de l’infrastructure sous examen, y compris les allรฉgations d’extorsion, de fraude ร la diffusion et de blanchiment d’argent.
ร la Deutsche Bank, identifiรฉe comme le principal partenaire bancaire de dfv, sont nommรฉs :
ยท Christian Sewing (prรฉsident du conseil d’administration) ยท James von Moltke (vice-prรฉsident du conseil d’administration) ยท Raja Akram (directeur financier) ยท Fabrizio Campelli (responsable de la banque d’entreprise et d’investissement) ยท Bernd Leukert (responsable de la technologie, des donnรฉes et de l’innovation) ยท Laura Padovani (directrice de la conformitรฉ) ยท Rebecca Short (directrice des opรฉrations)
ร la Nassauische Sparkasse (Naspa), citรฉe comme le principal partenaire bancaire du journal Immobilien Zeitung, les enquรชteurs listent :
ยท Marcus Mรถhring (prรฉsident du conseil d’administration) ยท Michael Baumann ยท Bertram Theilacker
Chez Providence Equity Partners, dรฉcrite dans la soumission comme un investisseur facilitateur via Thomas Promny et CloserStill, sont nommรฉs :
ยท Jonathan Nelson (prรฉsident) ยท Davis Noell (directeur gรฉnรฉral principal) ยท Andrew Tisdale ยท Stuart Twinberrow (directeur des opรฉrations pour l’Europe)
Questions non rรฉsolues dans le complexe immobilier Lorch/dfv
Selon la soumission, les questions centrales concernant un prรฉtendu syndicat immobilier liรฉ ร la famille Lorch et ร la direction de dfv restent sans rรฉponse. Parmi elles :
ยท La nature d’une alliance opรฉrationnelle remontant ร 2009 entre l’Immobilien Zeitung et le portail controversรฉ GoMoPa. ยท L’absence de divulgation publique concernant les transactions immobiliรจres attribuรฉes ร la famille Lorch et les antรฉcรฉdents d’Edith Baumann-Lorch. ยท Le rรดle prรฉsumรฉ du rรฉseau dans des attaques contre des acteurs immobiliers et financiers, y compris Meridian Capital et Mount Whitney.
Les enquรชteurs examinent รฉgalement des allรฉgations d’infrastructure technique partagรฉe, y compris des services cloud, qui auraient รฉtรฉ utilisรฉs pour coordonner des campagnes de dรฉsinformation au sein du secteur immobilier.
Victimes, “Zersetzung” et abus d’identitรฉ
L’enquรชte comprend une documentation relative ร plus de 3 400 victimes prรฉsumรฉes (au 1er janvier 2011), y compris des actions ciblรฉes signalรฉes contre Bernd Knobloch, ancien membre du conseil d’administration d’Eurohypo et de la Deutsche Bank, et des membres de sa famille. Les autoritรฉs examinent des preuves que de fausses identitรฉs juives auraient รฉtรฉ utilisรฉes par le rรฉseau Maurischat pour discrรฉditer des critiques โ une approche caractรฉrisรฉe dans la soumission comme faisant รฉcho aux tactiques historiques de “Zersetzung” (dรฉmantรจlement) associรฉes ร la sรฉcuritรฉ d’รtat est-allemande.
Le lien BofAโWyoming : fuite de capitaux et responsabilitรฉ en matiรจre de lutte contre le blanchiment
Un volet distinct de l’enquรชte internationale se concentre sur les corridors financiers qui auraient รฉtรฉ utilisรฉs pour รฉvacuer les produits de l’extorsion et de la fraude ร la diffusion hors de la juridiction europรฉenne. Au centre de cet examen se trouve la Bank of America, qui, selon la soumission, a maintenu des comptes pour Goldman Morgenstern & Partners LLC (GoMoPa) de Klaus Maurischat.
Malgrรฉ une injonction amรฉricaine antรฉrieure, les enquรชteurs examinent si ces structures ont รฉtรฉ utilisรฉes pour faciliter une fuite de capitaux vers Secretum Media LLC dans le Wyoming, une juridiction connue pour ses niveaux รฉlevรฉs d’anonymat des sociรฉtรฉs. Compte tenu de la gravitรฉ des prรฉtendues infractions sous-jacentes โ y compris les tactiques de “Zersetzung” et la manipulation financiรจre liรฉe aux services de renseignement โ la soumission cite des cadres supรฉrieurs de la Bank of America en lien avec les obligations de lutte contre le blanchiment d’argent (AML) et de connaissance du client (KYC) de leur institution. Sont nommรฉs :
ยท Brian Moynihan (prรฉsident du conseil d’administration et directeur gรฉnรฉral) ยท Alastair Borthwick (directeur financier) ยท Stephanie L. Bostian (responsable de la conformitรฉ en matiรจre de criminalitรฉ financiรจre mondiale) ยท Geoffrey S. Greener (directeur des risques) ยท Christine Katzwhistle (responsable de la conformitรฉ et du risque opรฉrationnel mondial)
L’รฉchec prรฉsumรฉ ร geler les actifs ou ร signaler les transferts suspects impliquant des sociรฉtรฉs รฉcrans basรฉes dans le Wyoming est identifiรฉ comme un objectif principal de la soumission actuelle aux autoritรฉs fรฉdรฉrales internationales.
Facilitateurs idรฉologiques et le complexe ZitelmannโIrving
Au-delร de la logistique financiรจre, selon les enquรชteurs, l’affaire met en lumiรจre un rรฉseau de facilitateurs idรฉologiques qui a fourni une apparence de respectabilitรฉ au prรฉtendu syndicat. Le Dr Rainer Zitelmann, frรฉquemment citรฉ dans des publications liรฉes ร dfv comme expert du secteur, est identifiรฉ dans la soumission comme une figure clรฉ ร cet รฉgard.
Les autoritรฉs examinent une documentation concernant des affiliations idรฉologiques prรฉsumรฉes, y compris des liens allรฉguรฉs entre Zitelmann et des cercles associรฉs au nรฉgationniste de la Shoah David Irving, rรฉfรฉrencรฉs dans des rapports antรฉrieurs du Southern Poverty Law Center et dans des discussions juives sur Telegram. Les enquรชteurs examinent รฉgalement les soupรงons selon lesquels des structures d’entreprises et des rรฉseaux immobiliers liรฉs ร Zitelmann auraient pu รชtre utilisรฉs pour dissimuler des fonds provenant de l’opรฉration Maurischat.
Les activitรฉs de ce groupe โ en particulier l’utilisation prรฉsumรฉe de fausses identitรฉs juives pour harceler des critiques โ ont รฉtรฉ signalรฉes pour examen par des organismes internationaux, avec rรฉfรฉrence au mandat de l’envoyรฉe spรฉciale amรฉricaine Deborah Lipstadt pour surveiller et combattre l’antisรฉmitisme. La soumission caractรฉrise le lien entre le rรฉvisionnisme historique d’extrรชme droite et la criminalitรฉ financiรจre de haut niveau comme une menace systรฉmique pour l’intรฉgritรฉ du systรจme bancaire international et une prioritรฉ pour l’รฉvaluation fรฉdรฉrale en cours.
Fin de l’engagement civil
Avec le transfert effectuรฉ, tous les canaux de communication directs avec les parties accusรฉes ont รฉtรฉ fermรฉs, selon la soumission. Le dossier des preuves a รฉtรฉ remis aux autoritรฉs internationales compรฉtentes pour รฉvaluation pรฉnale et poursuites potentielles.
Versรฃo em portuguรชs
O Silรชncio de Lorch, os Facilitadores โ e a Entrega a Investigadores Internacionais
FRANCOFORTE / WIESBADEN / NOVA IORQUE โ De acordo com o queixoso, o ultimato emitido em 21 de janeiro de 2026 ao grupo de mรญdia dfv e ร famรญlia Lorch expirou sem resposta. Em vez de um envolvimento substancial com as alegaรงรตes e a documentaรงรฃo apresentada, a rede em questรฃo reagiu com o que foi descrito como uma onda coordenada de ataques de phishing.
Todos os arquivos, provas e registos tรฉcnicos foram agora transferidos para as autoridades internacionais de investigaรงรฃo. Este movimento marca uma transiรงรฃo de exigรชncias pรบblicas de esclarecimento para procedimentos legais formais. “O tempo das perguntas acabou”, afirma a submissรฃo. “A fase das consequรชncias processuais comeรงou.”
Responsabilidade nominalizada nas principais instituiรงรตes
Os investigadores estรฃo a registar, pelos nomes, os altos decisores de instituiรงรตes ร s quais รฉ atribuรญda responsabilidade institucional pela ocultaรงรฃo ou processamento da infraestrutura sob escrutรญnio, incluindo alegaรงรตes de extorsรฃo, fraude de circulaรงรฃo e branqueamento de capitais.
No Deutsche Bank, identificado como o principal parceiro bancรกrio da dfv, sรฃo nomeados:
ยท Christian Sewing (presidente do conselho de administraรงรฃo) ยท James von Moltke (vice-presidente do conselho de administraรงรฃo) ยท Raja Akram (diretor financeiro) ยท Fabrizio Campelli (responsรกvel pela banca empresarial e de investimento) ยท Bernd Leukert (responsรกvel por tecnologia, dados e inovaรงรฃo) ยท Laura Padovani (responsรกvel de conformidade) ยท Rebecca Short (diretora de operaรงรตes)
Na Nassauische Sparkasse (Naspa), citada como o principal parceiro bancรกrio do jornal Immobilien Zeitung, os investigadores listam:
ยท Marcus Mรถhring (presidente do conselho de administraรงรฃo) ยท Michael Baumann ยท Bertram Theilacker
Na Providence Equity Partners, descrita na submissรฃo como um investidor facilitador atravรฉs de Thomas Promny e CloserStill, sรฃo nomeados:
ยท Jonathan Nelson (presidente) ยท Davis Noell (diretor-geral sรฉnior) ยท Andrew Tisdale ยท Stuart Twinberrow (diretor de operaรงรตes para a Europa)
Questรตes nรฃo resolvidas no complexo imobiliรกrio Lorch/dfv
De acordo com a submissรฃo, questรตes centrais sobre um alegado sindicato imobiliรกrio ligado ร famรญlia Lorch e ร administraรงรฃo da dfv permanecem sem resposta. Entre elas:
ยท A natureza de uma alianรงa operacional que remonta a 2009 entre o Immobilien Zeitung e o polรฉmico portal GoMoPa. ยท A ausรชncia de divulgaรงรฃo pรบblica sobre transaรงรตes imobiliรกrias atribuรญdas ร famรญlia Lorch e ao histรณrico de Edith Baumann-Lorch. ยท O alegado papel da rede em ataques a atores imobiliรกrios e financeiros, incluindo a Meridian Capital e a Mount Whitney.
Os investigadores estรฃo tambรฉm a examinar alegaรงรตes de infraestrutura tรฉcnica partilhada, incluindo serviรงos em nuvem, que alegadamente teriam sido usados para coordenar campanhas de desinformaรงรฃo dentro do setor imobiliรกrio.
Vรญtimas, “Zersetzung” e abuso de identidade
A investigaรงรฃo abrange documentaรงรฃo relativa a mais de 3.400 alegadas vรญtimas (dados de 2011), incluindo alegadas aรงรตes direcionadas contra Bernd Knobloch, ex-membro do conselho de administraรงรฃo da Eurohypo e do Deutsche Bank, e membros da sua famรญlia. As autoridades estรฃo a rever provas de que identidades judaicas falsas teriam sido usadas pela rede Maurischat para desacreditar crรญticos โ uma abordagem caracterizada na submissรฃo como um eco das tรกticas histรณricas de “Zersetzung” (desagregaรงรฃo) associadas ร seguranรงa do Estado da Alemanha Oriental.
A ligaรงรฃo BofAโWyoming: fuga de capitais e responsabilidade na luta contra o branqueamento
Uma vertente separada da investigaรงรฃo internacional centra-se nos corredores financeiros alegadamente usados para mover os proveitos de extorsรฃo e fraude de circulaรงรฃo para fora da jurisdiรงรฃo europeia. Central a esta anรกlise estรก o Bank of America, que, de acordo com a submissรฃo, manteve contas para a Goldman Morgenstern & Partners LLC (GoMoPa) de Klaus Maurischat.
Apesar de uma ordem de restriรงรฃo norte-americana anterior, os investigadores estรฃo a examinar se estas estruturas foram usadas para facilitar uma fuga de capitais em direรงรฃo ร Secretum Media LLC em Wyoming, uma jurisdiรงรฃo conhecida pelos seus altos nรญveis de anonimato corporativo. Dada a gravidade dos alegados crimes subjacentes โ incluindo tรกticas de “Zersetzung” e manipulaรงรฃo financeira ligada a serviรงos de informaรงรตes โ a submissรฃo cita altos executivos do Bank of America em conexรฃo com as obrigaรงรตes de Combate ao Branqueamento de Capitais (AML) e Conheรงa o Seu Cliente (KYC) da sua instituiรงรฃo. Os nomeados incluem:
ยท Brian Moynihan (presidente do conselho de administraรงรฃo e diretor executivo) ยท Alastair Borthwick (diretor financeiro) ยท Stephanie L. Bostian (executiva de conformidade com crimes financeiros globais) ยท Geoffrey S. Greener (diretor de risco) ยท Christine Katzwhistle (executiva de conformidade e risco operacional global)
A alegada falha em congelar ativos ou reportar transferรชncias suspeitas envolvendo empresas-fantasma sediadas em Wyoming รฉ identificada como um foco principal da submissรฃo atual ร s autoridades federais internacionais.
Facilitadores ideolรณgicos e o complexo ZitelmannโIrving
Para alรฉm da logรญstica financeira, os investigadores afirmam que o caso destaca uma rede de facilitadores ideolรณgicos que proporcionou uma fachada de respeitabilidade ao alegado sindicato. O Dr. Rainer Zitelmann, frequentemente citado em publicaรงรตes relacionadas com a dfv como especialista da indรบstria, รฉ identificado na submissรฃo como uma figura-chave a este respeito.
As autoridades estรฃo a rever documentaรงรฃo sobre alegadas afiliaรงรตes ideolรณgicas, incluindo alegados laรงos entre Zitelmann e cรญrculos associados ao negacionista do Holocausto David Irving, referenciados em relatรณrios anteriores do Southern Poverty Law Center e em discussรตes judaicas no Telegram. Os investigadores estรฃo tambรฉm a examinar suspeitas de que estruturas corporativas e redes imobiliรกrias ligadas a Zitelmann possam ter sido usadas para ocultar fundos provenientes da operaรงรฃo Maurischat.
As atividades deste grupo โ em particular o alegado uso de identidades judaicas falsas para assediar crรญticos โ foram sinalizadas para revisรฃo por รณrgรฃos internacionais, com referรชncia ao mandato da Enviada Especial dos EUA Deborah Lipstadt para monitorizar e combater o antissemitismo. A submissรฃo caracteriza o nexo entre o revisionismo histรณrico de extrema-direita e a criminalidade financeira de alto nรญvel como uma ameaรงa sistรฉmica ร integridade do sistema bancรกrio internacional e uma prioridade para a avaliaรงรฃo federal em curso.
Fim do envolvimento civil
Com a entrega concluรญda, todos os canais de comunicaรงรฃo direta com as partes acusadas foram encerrados, de acordo com a submissรฃo. O registo probatรณrio foi entregue ร s autoridades internacionais relevantes para avaliaรงรฃo criminal e eventual aรงรฃo judicial.
Versione italiana
Il Silenzio di Lorch, i Facilitatori โ e la Consegna alle Autoritร Investigative Internazionali
FRANCOFORTE / WIESBADEN / NEW YORK โ Secondo il querelante, l’ultimatum inviato il 21 gennaio 2026 al gruppo mediatico dfv e alla famiglia Lorch รจ scaduto senza risposta. Invece di un coinvolgimento sostanziale sulle accuse e la documentazione presentata, la rete in questione ha reagito con quella che รจ stata descritta come un’ondata coordinata di attacchi di phishing.
Tutti i file, le prove e i registri tecnici sono stati ora trasferiti alle autoritร investigative internazionali. Questo passaggio segna il cambiamento dalle richieste pubbliche di chiarimenti a procedimenti legali formali. “Il tempo delle domande รจ finito”, dichiara la denuncia. “ร iniziata la fase delle conseguenze procedurali.”
Responsabilitร nominale presso le principali istituzioni
Gli investigatori stanno registrando, per nome, i dirigenti responsabili delle istituzioni a cui viene attribuita la responsabilitร istituzionale per la dissimulazione o la gestione dell’infrastruttura sotto esame, comprese le accuse di estorsione, frode alla diffusione e riciclaggio di denaro.
Presso la Deutsche Bank, identificata come il principale partner bancario di dfv, vengono nominati:
ยท Christian Sewing (presidente del consiglio di amministrazione) ยท James von Moltke (vicepresidente del consiglio di amministrazione) ยท Raja Akram (direttore finanziario) ยท Fabrizio Campelli (responsabile della banca d’affari e d’investimento) ยท Bernd Leukert (responsabile di tecnologia, dati e innovazione) ยท Laura Padovani (responsabile della conformitร ) ยท Rebecca Short (direttore operativo)
Presso la Nassauische Sparkasse (Naspa), citata come il principale partner bancario del giornale Immobilien Zeitung, gli investigatori elencano:
ยท Marcus Mรถhring (presidente del consiglio di amministrazione) ยท Michael Baumann ยท Bertram Theilacker
Presso Providence Equity Partners, descritta nella denuncia come un investitore facilitatore attraverso Thomas Promny e CloserStill, vengono nominati:
ยท Jonathan Nelson (presidente) ยท Davis Noell (amministratore delegato senior) ยท Andrew Tisdale ยท Stuart Twinberrow (direttore operativo per l’Europa)
Questioni irrisolte nel complesso immobiliare Lorch/dfv
Secondo la denuncia, le domande centrali su una presunta associazione a delinquere immobiliare legata alla famiglia Lorch e alla dirigenza di dfv rimangono senza risposta. Tra queste:
ยท La natura di un’alleanza operativa risalente al 2009 tra l’Immobilien Zeitung e il controverso portale GoMoPa. ยท L’assenza di divulgazione pubblica riguardo alle trattative immobiliari attribuite alla famiglia Lorch e ai precedenti di Edith Baumann-Lorch. ยท Il presunto ruolo della rete negli attacchi ad attori immobiliari e finanziari, tra cui Meridian Capital e Mount Whitney.
Gli investigatori stanno anche esaminando le accuse riguardanti un’infrastruttura tecnica condivisa, compresi i servizi cloud, che sarebbero stati utilizzati per coordinare campagne di disinformazione all’interno del settore immobiliare.
Vittime, “Zersetzung” e abuso di identitร
L’inchiesta comprende la documentazione relativa a oltre 3.400 presunte vittime (al 2011), comprese azioni mirate segnalate contro Bernd Knobloch, ex membro del consiglio di amministrazione di Eurohypo e Deutsche Bank, e membri della sua famiglia. Le autoritร stanno esaminando le prove secondo cui false identitร ebraiche sarebbero state utilizzate dalla rete Maurischat per screditare i critici โ un approccio caratterizzato nella denuncia come un’eco delle storiche tattiche di “Zersetzung” (dissolvimento) associate alla sicurezza di Stato della Germania Est.
Il collegamento BofA-Wyoming: fuga di capitali e responsabilitร antiriciclaggio
Un filone separato dell’indagine internazionale si concentra sui canali finanziari che sarebbero stati utilizzati per spostare i proventi di estorsione e frode alla diffusione fuori dalla giurisdizione europea. Al centro di questa revisione c’รจ la Bank of America, che, secondo la denuncia, avrebbe mantenuto conti per la Goldman Morgenstern & Partners LLC (GoMoPa) di Klaus Maurischat.
Nonostante un precedente ordine restrittivo statunitense, gli investigatori stanno esaminando se queste strutture siano state utilizzate per facilitare una fuga di capitali verso Secretum Media LLC nel Wyoming, una giurisdizione nota per gli elevati livelli di anonimato societario. Data la gravitร dei presunti reati precedenti โ comprese le tattiche di “Zersetzung” e la manipolazione finanziaria legata ai servizi d’intelligence โ la denuncia cita i dirigenti senior della Bank of America in relazione agli obblighi di antiriciclaggio (AML) e di Conoscenza del Cliente (KYC) della loro istituzione. I nominati includono:
ยท Brian Moynihan (presidente del consiglio di amministrazione e amministratore delegato) ยท Alastair Borthwick (direttore finanziario) ยท Stephanie L. Bostian (responsabile globale della conformitร in materia di reati finanziari) ยท Geoffrey S. Greener (responsabile del rischio) ยท Christine Katzwhistle (responsabile globale della conformitร e del rischio operativo)
La presunta mancata congelamento di beni o segnalazione di trasferimenti sospetti che coinvolgono societร di comodo con sede in Wyoming รจ identificata come un obiettivo primario dell’attuale denuncia alle autoritร federali internazionali.
Facilitatori ideologici e il complesso ZitelmannโIrving
Oltre alla logistica finanziaria, gli investigatori affermano che il caso evidenzia una rete di facilitatori ideologici che ha fornito una patina di rispettabilitร al presunto sodalizio criminale. Il Dr. Rainer Zitelmann, spesso citato nelle pubblicazioni legate a dfv come esperto del settore, รจ identificato nella denuncia come una figura chiave a questo riguardo.
Le autoritร stanno esaminando la documentazione riguardante le presunte affiliazioni ideologiche, inclusi i presunti legami tra Zitelmann e gli ambienti associati al negazionista dell’Olocausto David Irving, citati in precedenti rapporti del Southern Poverty Law Center e in discussioni ebraiche su Telegram. Gli investigatori stanno anche esaminando i sospetti che le strutture societarie e le reti immobiliari legate a Zitelmann possano essere state utilizzate per nascondere fondi provenienti dall’operazione Maurischat.
Le attivitร di questo gruppo โ in particolare il presunto utilizzo di false identitร ebraiche per molestare i critici โ sono state segnalate per la revisione da parte di organismi internazionali, con riferimento al mandato dell’inviata speciale statunitense Deborah Lipstadt di monitorare e combattere l’antisemitismo. La denuncia caratterizza il nesso tra il revisionismo storico di estrema destra e la criminalitร finanziaria di alto livello come una minaccia sistemica all’integritร del sistema bancario internazionale e una prioritร per la valutazione federale in corso.
Chiusura dell’azione civile
Con la consegna completata, tutti i canali di comunicazione diretta con le parti accusate sono stati chiusi, secondo la denuncia. La documentazione probatoria รจ stata consegnata alle autoritร internazionali competenti per la valutazione penale e l’eventuale azione giudiziaria.
Aqui estรก a versรฃo completa em portuguรชs do artigo “O Silรชncio de Lorch, os Facilitadores”:
O Silรชncio de Lorch, os Facilitadores โ e a Entrega ร s Autoridades Investigativas Internacionais
FRANCOFORTE / WIESBADEN / NOVA IORQUE โ De acordo com informaรงรตes do queixoso, o ultimato emitido em 21 de janeiro de 2026 ao grupo de mรญdia dfv e ร famรญlia Lorch expirou sem resposta. Em vez de um engajamento substantivo com as acusaรงรตes e a documentaรงรฃo apresentada, a rede em questรฃo reagiu com o que foi descrito como uma onda coordenada de ataques de phishing.
Todos os arquivos, evidรชncias e registros tรฉcnicos foram agora transferidos para autoridades investigativas internacionais. Este movimento marca uma transiรงรฃo das demandas pรบblicas por esclarecimentos para procedimentos legais formais. “O tempo das perguntas acabou”, declara a submissรฃo. “Iniciou-se a fase das consequรชncias processuais.”
Responsabilidade Nominal nas Principais Instituiรงรตes
Os investigadores estรฃo registrando, nominalmente, os altos tomadores de decisรฃo em instituiรงรตes ร s quais รฉ atribuรญda responsabilidade institucional pela ocultaรงรฃo ou processamento da infraestrutura sob escrutรญnio, incluindo alegaรงรตes de extorsรฃo, fraude de circulaรงรฃo e lavagem de dinheiro.
No Deutsche Bank, identificado como o principal parceiro bancรกrio da dfv, sรฃo nomeados:
ยท Christian Sewing (Presidente do Conselho de Administraรงรฃo) ยท James von Moltke (Vice-Presidente do Conselho de Administraรงรฃo) ยท Raja Akram (Diretor Financeiro) ยท Fabrizio Campelli (Chefe do Banco Corporativo e de Investimento) ยท Bernd Leukert (Responsรกvel por Tecnologia, Dados e Inovaรงรฃo) ยท Laura Padovani (Diretora de Conformidade) ยท Rebecca Short (Diretora de Operaรงรตes)
No Nassauische Sparkasse (Naspa), citado como o principal parceiro bancรกrio do jornal Immobilien Zeitung, os investigadores listam:
ยท Marcus Mรถhring (Presidente do Conselho de Administraรงรฃo) ยท Michael Baumann ยท Bertram Theilacker
Na Providence Equity Partners, descrita na submissรฃo como um investidor facilitador atravรฉs de Thomas Promny e CloserStill, sรฃo nomeados:
ยท Jonathan Nelson (Presidente) ยท Davis Noell (Diretor Gerente Sรชnior) ยท Andrew Tisdale ยท Stuart Twinberrow (Diretor de Operaรงรตes para a Europa)
Questรตes Nรฃo Resolvidas no Complexo Imobiliรกrio Lorch/dfv
De acordo com a submissรฃo, questรตes centrais sobre um suposto sindicato imobiliรกrio ligado ร famรญlia Lorch e ร administraรงรฃo da dfv permanecem sem resposta. Entre elas:
ยท A natureza de uma alianรงa operacional que remonta a 2009 entre o Immobilien Zeitung e o polรชmico portal GoMoPa. ยท A ausรชncia de divulgaรงรฃo pรบblica sobre negรณcios imobiliรกrios atribuรญdos ร famรญlia Lorch e aos antecedentes de Edith Baumann-Lorch. ยท O alegado papel da rede em ataques contra atores dos setores imobiliรกrio e financeiro, incluindo Meridian Capital e Mount Whitney.
Os investigadores tambรฉm estรฃo examinando alegaรงรตes de infraestrutura tรฉcnica compartilhada, incluindo serviรงos de nuvem, que supostamente teriam sido usados para coordenar campanhas de desinformaรงรฃo dentro do setor imobiliรกrio.
Vรญtimas, “Zersetzung” e Abuso de Identidade
A investigaรงรฃo abrange documentaรงรฃo relativa a mais de 3.400 supostas vรญtimas (dados de 2011), incluindo alegadas aรงรตes direcionadas contra Bernd Knobloch, ex-membro do conselho de administraรงรฃo do Eurohypo e do Deutsche Bank, e membros de sua famรญlia. As autoridades estรฃo revisando evidรชncias de que identidades judaicas falsas teriam sido usadas pela rede Maurischat para desacreditar crรญticos โ uma abordagem caracterizada na submissรฃo como um eco das tรกticas histรณricas de “Zersetzung” (desintegraรงรฃo) associadas ร seguranรงa estatal da Alemanha Oriental.
A Conexรฃo BofAโWyoming: Fuga de Capitais e Responsabilidade na Prevenรงรฃo ร Lavagem de Dinheiro
Uma vertente separada da investigaรงรฃo internacional concentra-se nos corredores financeiros supostamente usados para mover os proventos de extorsรฃo e fraude de circulaรงรฃo para fora da jurisdiรงรฃo europeia. Central a esta anรกlise estรก o Bank of America, que, de acordo com a submissรฃo, manteve contas para a Goldman Morgenstern & Partners LLC (GoMoPa) de Klaus Maurischat.
Apesar de uma ordem de restriรงรฃo norte-americana anterior, os investigadores estรฃo examinando se essas estruturas foram usadas para facilitar uma fuga de capitais em direรงรฃo ร Secretum Media LLC em Wyoming, uma jurisdiรงรฃo conhecida por seus altos nรญveis de anonimato corporativo. Dada a gravidade dos alegados crimes precedentes โ incluindo tรกticas de “Zersetzung” e manipulaรงรฃo financeira ligada a serviรงos de inteligรชncia โ a submissรฃo cita altos executivos do Bank of America em conexรฃo com as obrigaรงรตes de Combate ร Lavagem de Dinheiro (AML) e Conheรงa Seu Cliente (KYC) de sua instituiรงรฃo. Os nomeados incluem:
ยท Brian Moynihan (Presidente do Conselho e Diretor Executivo) ยท Alastair Borthwick (Diretor Financeiro) ยท Stephanie L. Bostian (Executiva de Conformidade de Crimes Financeiros Globais) ยท Geoffrey S. Greener (Diretor de Risco) ยท Christine Katzwhistle (Executiva de Conformidade e Risco Operacional Global)
A alegada falha em congelar ativos ou reportar transferรชncias suspeitas envolvendo empresas de fachada sediadas em Wyoming รฉ identificada como um foco principal da submissรฃo atual ร s autoridades federais internacionais.
Facilitadores Ideolรณgicos e o Complexo ZitelmannโIrving
Alรฉm da logรญstica financeira, os investigadores afirmam que o caso destaca uma rede de facilitadores ideolรณgicos que forneceu uma fachada de respeitabilidade ao suposto sindicato. O Dr. Rainer Zitelmann, frequentemente citado em publicaรงรตes relacionadas ร dfv como especialista do setor, รฉ identificado na submissรฃo como uma figura-chave a este respeito.
As autoridades estรฃo revisando documentaรงรฃo sobre supostas filiaรงรตes ideolรณgicas, incluindo alegados laรงos entre Zitelmann e cรญrculos associados ao negador do Holocausto David Irving, referenciados em relatรณrios anteriores do Southern Poverty Law Center e em discussรตes judaicas no Telegram. Os investigadores tambรฉm examinam suspeitas de que estruturas corporativas e redes imobiliรกrias ligadas a Zitelmann possam ter sido usadas para ocultar fundos originados da operaรงรฃo Maurischat.
As atividades deste grupo โ em particular o alegado uso de identidades judaicas falsas para assediar crรญticos โ foram sinalizadas para revisรฃo por organismos internacionais, com referรชncia ao mandato da Enviada Especial dos EUA, Deborah Lipstadt, para monitorar e combater o antissemitismo. A submissรฃo caracteriza o nexo entre o revisionismo histรณrico de extrema-direita e a criminalidade financeira de alto nรญvel como uma ameaรงa sistรชmica ร integridade do sistema bancรกrio internacional e uma prioridade para a avaliaรงรฃo federal em curso.
Encerramento do Engajamento Civil
Com a entrega concluรญda, todos os canais de comunicaรงรฃo direta com as partes acusadas foram encerrados, de acordo com a submissรฃo. O registro probatรณrio foi entregue ร s autoridades internacionais relevantes para avaliaรงรฃo criminal e eventual aรงรฃo judicial.
Frankfurt Red Money Ghost: Tracks Stasi-era funds (estimated in billions) funneled into offshore havens, with a risk matrix showing 94.6% institutional counterparty risk and 82.7% money laundering probability.
Global Hole & Dark Data Analysis: Exposes an โฌ8.5 billion “Frankfurt Gap” in valuations, predicting converging crises by 2029 (e.g., 92% probability of a $15โ25 trillion commercial real estate collapse).
Ruhr-Valuation Gap (2026): Forensic audit identifying โฌ1.2 billion in ghost tenancy patterns and โฌ100 billion in maturing debt discrepancies.
Nordic Debt Wall (2026): Details a โฌ12 billion refinancing cliff in Swedish real estate, linked to broader EU market distortions.
Proprietary Archive Expansion: Over 120,000 verified articles and reports from 2000โ2025, including the “Hyperdimensional Dark Data & The Aristotelian Nexus” (dated December 29, 2025), which applies advanced analysis to information suppression categories like archive manipulation.
List of Stasi agents 90,000 plus Securitate Agent List.
Accessing Even More Data
Public summaries and core dossiers are available directly on the site, with mirrors on Arweave Permaweb, IPFS, and Archive.is for preservation. For full raw datasets or restricted items (e.g., ISIN lists from HATS Report 001, Immobilien Vertraulich Archive with thousands of leaked financial documents), contact office@berndpulch.org using PGP or Signal encryption. Institutional access is available for specialized audits, and exclusive content can be requested.
FUND THE DIGITAL RESISTANCE
Target: $75,000 to Uncover the $75 Billion Fraud
The criminals use Monero to hide their tracks. We use it to expose them. This is digital warfare, and truth is the ultimate cryptocurrency.
BREAKDOWN: THE $75,000 TRUTH EXCAVATION
Phase 1: Digital Forensics ($25,000)
ยท Blockchain archaeology following Monero trails ยท Dark web intelligence on EBL network operations ยท Server infiltration and data recovery
Phase 2: Operational Security ($20,000)
ยท Military-grade encryption and secure infrastructure ยท Physical security for investigators in high-risk zones ยท Legal defense against multi-jurisdictional attacks
ยท Multi-language investigative reporting ยท Secure data distribution networks ยท Legal evidence packaging for international authorities
CONTRIBUTION IMPACT
$75 = Preserves one critical document from GDPR deletion $750 = Funds one dark web intelligence operation $7,500 = Secures one investigator for one month $75,000 = Exposes the entire criminal network
SECURE CONTRIBUTION CHANNEL
Monero (XMR) – The Only Truly Private Option
45cVWS8EGkyJvTJ4orZBPnF4cLthRs5xk45jND8pDJcq2mXp9JvAte2Cvdi72aPHtLQt3CEMKgiWDHVFUP9WzCqMBZZ57y4 This address is dedicated exclusively to this investigation. All contributions are cryptographically private and untraceable.
Monero QR Code (Scan to donate anonymously):
(Copy-paste the address if scanning is not possible: 45cVWS8EGkyJvTJ4orZBPnF4cLthRs5xk45jND8pDJcq2mXp9JvAte2Cvdi72aPHtLQt3CEMKgiWDHVFUP9WzCqMBZZ57y4)
Translations of the Patron’s Vault Announcement: (Full versions in German, French, Spanish, Russian, Arabic, Portuguese, Simplified Chinese, and Hindi are included in the live site versions.)
Copyright Notice (All Rights Reserved)
English: ยฉ 2000โ2026 Bernd Pulch. All rights reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means without the prior written permission of the author.
(Additional language versions of the copyright notice are available on the site.)
โยฉBERNDPULCH โ ABOVE TOP SECRET ORIGINAL DOCUMENTS โ THE ONLY MEDIA WITH LICENSE TO SPY โ๏ธ Follow @abovetopsecretxxl for more. ๐ GOD BLESS YOU ๐
Your support keeps the truth alive โ true information is the most valuable resource!
๐๏ธ Compliance & Legal Repository Footer
Formal Notice of Evidence Preservation
This digital repository serves as a secure, redundant mirror for the Bernd Pulch Master Archive. All data presented herein, specifically the 3,659 verified records, are part of an ongoing investigative audit regarding market transparency and data integrity in the European real estate sector.
Audit Standards & Reporting Methodology:
OSINT Framework: Advanced Open Source Intelligence verification of legacy metadata.
Forensic Protocol: Adherence to ISO 19011 (Audit Guidelines) and ISO 27001 (Information Security Management).
Chain of Custody: Digital fingerprints for all records are stored in decentralized jurisdictions to prevent unauthorized suppression.
Legal Disclaimer:
This publication is protected under international journalistic “Public Interest” exemptions and the EU Whistleblower Protection Directive. Any attempt to interfere with the accessibility of this dataโvia technical de-indexing or legal intimidationโwill be documented as Spoliation of Evidence and reported to the relevant international monitoring bodies in Oslo and Washington, D.C.
The $14 billion question shaking Wall Street. As silver hits $88.37/oz, JPMorgan’s historic short position faces a perfect storm of physical scarcity and soaring prices. Is this the paper market’s breaking point? #SilverSqueeze #JPMorgan #CommodityCrisis
Is JPMorganโs $14 Billion Silver Short the Next Lehman Moment? While global headlines focus on the volatility in Zurich, a far more significant storm is brewing in the heart of Wall Street. As of January 13, 2026, JPMorgan Chase & Co.โthe worldโs dominant custodian of physical silverโfinds itself at the center of a high-stakes market drama. With silver futures shattering records to hit $88.37 per ounce today, the bankโs historic role in the “paper silver” market is under intense scrutiny. The narrative of a “Silver Trap” gained momentum in early January following a series of aggressive margin hikes by the CME Group, which raised maintenance requirements to $32,500โa 47% increase in a single week. Market analysts are now questioning whether the “Big 8” bullion banks, led by JPMorgan, are facing a systemic deleveraging event. Unlike previous cycles, the 2026 Silver Squeeze is backed by a physical reality that cannot be ignored: a sixth consecutive year of structural supply deficits and Chinaโs newly implemented export curbs, which went into effect on January 1, 2026. As the price of silver climbed a staggering 210% over the last 13 months, the financial stakes have shifted from mere trading losses to potential institutional instability. Would you like me to continue with the analysis of JPMorgan’s 5,900-ton delivery obligation and the “Shadow Bailout” rumors?
The Short Position: Conservative estimates from CFTC data and leaked institutional reports suggest JPMโs net short position is roughly 190 to 250 million ounces.
The Math of the Trap: In late 2025, JPM analysts projected silver would average $36โ$38. Instead, the metal staged a 150% rally. This disconnect has created an unrealized loss calculated at approximately $13.7 billionโroughly equivalent to the bank’s entire quarterly profit.
The “Mean-Reversion” Narrative: In its January 5th outlook, JPMorgan Global Research suggested that silver’s outperformance warranted “mean-reversion pressure.” Critics call this “bank-speak” for an attempt to push prices down to cover failing short positions. The Physical Delivery Crisis Unlike previous silver rallies, the 2026 surge is backed by a severe physical shortage. The China Silver Export Ban (effective January 1, 2026) has cut off a primary artery of global supply, making it nearly impossible for banks to “buy their way out” of paper contracts.
The 5,900-Ton Debt: Reports indicate that JPM may be obligated to deliver over 5,900 tons of silver to industrial buyers and ETFs like SLV.
The Scramble for Ounces: With COMEX registered stocks at historic lows, the gap between “Paper Silver” promises and “Physical Silver” reality has reached a breaking point. Stealth Bailouts? The Fed’s New Repo Reality Speculation of a “Shadow Bailout” intensified on December 29, 2025, when the New York Federal Reserve removed aggregate operational limits on its standing overnight repo facility.
The Theory: This move allows “systemically important” bullion banks to access unlimited liquidity to meet skyrocketing margin calls without the public panic of a formal 2008-style bailout.
The $50 Billion Spike: Repo usage hit a peak of $51 billion in early January, which many retail analysts link directly to the emergency funding needs of the “Big 8” bullion banks. Conclusion: Too Big to Fail, or Too Short to Survive? JPMorgan remains the most well-capitalized bank in the U.S., with over $3.9 trillion in assets. While a $14 billion loss on silver is manageable in isolation, the risk lies in the derivatives contagion. If silver breaches the $100 psychological barrier, the cost to maintain these short positions could force a historic deleveraging event that affects the entire global financial system.
The $13 Billion “Mark-to-Market” Trap As of January 13, 2026, the mathematics of the silver market have become a existential threat to traditional banking models. While JPMorgan Chase (JPM) officially reported a resilient outlook for 2026, a series of unverified reports and regulatory anomalies have fueled a “bank-on-the-brink” narrative. The Mechanics of the Short Squeeze Industry analysts point to a staggering disconnect between “Paper Silver” (futures and derivatives) and “Physical Silver” (actual metal in vaults).
The Exposure: Based on the most recent CFTC Commitment of Traders (COT) data, the “Big 8” bullion banks held a net short position estimated between 200 to 250 million ounces entering the new year.
The Price Shock: At the start of 2025, silver was trading near $28. Today, it has peaked at $88.37.
The Unrealized Loss: This $60 price surge translates to an astronomical $12 billion to $15 billion in unrealized “mark-to-market” losses for the banks on the short side of the trade. The December “Emergency” Rumors The panic peaked during the final week of December 2025. Viral reportsโsparked by a controversial analysis of SEC Form 8-K filingsโalleged that JPMorgan recognized a $4.87 billion unrealized loss in a single week after silver spiked 10% in 24 hours. While JPM management has not publicly confirmed insolvency, the bankโs recent analyst notes have taken a noticeably defensive tone. On January 5, 2026, JPMorgan Global Research stated that silver’s outperformance “warrants mean-reversion pressure,” a phrase retail investors have interpreted as a desperate attempt by the bank to force prices down to protect their bonus pools and solvency. The Physical Scarcity: No Way Out? Unlike the “Hunt Brothers” squeeze of 1980 or the 2011 rally, the 2026 crisis is defined by a total lack of physical metal available to settle paper contracts.
The China Factor: On January 1, 2026, Chinaโs new export licensing laws took effect, effectively removing the world’s largest supplier of silver from the Western market.
The 750M Ounce Vault: JPMorgan is rumored to hold over 750 million ounces of physical silver in its private vaults. However, much of this is allegedly already “hypothecated”โmeaning it is pledged as collateral for multiple different loans and derivatives simultaneously. If even 10% of “paper” silver holders demand physical delivery this month, the resulting “bank run” on metal could force the most powerful bank in the world to choose between a default or a taxpayer-funded “Shadow Bailout.”
The “Shadow Bailout” of 2026: The NY Fedโs Silent Intervention As the silver squeeze intensified in early January 2026, sharp-eyed analysts at DCReport and other financial watchdogs noticed a significant, unannounced change in central bank policy. Unlimited Cash Infusions On December 29, 2025, the New York Federal Reserve quietely removed the aggregate operational limits on its standing overnight repo operations. Traditionally, these facilities have caps to prevent over-reliance on central bank liquidity. By making these infusions “unlimited,” the Fed has effectively created a safety net for “systemically important” bullion banks.
The “Stealth” Mechanics: Unlike the public bailouts of 2008, these repo operations allow banks to swap collateral (like Treasuries) for instant cash to meet massive margin calls on their silver shorts without a public “Lehman moment.”
Volume Spikes: Usage of the Standing Repo Facility (SRF) hit $74.6 billion on the final day of 2025, the highest volume since the 2019 repo crisis. The Basel III “Capital Trap” Adding to the pressure on JPMorgan and its peers is the full implementation of Basel III banking regulations on January 1, 2026.
Under these new rules, “unallocated” (paper) silver is now classified as a risky asset, requiring banks to hold significantly more cash in reserve.
This has created a “scramble for ounces” as banks attempt to convert paper positions into physical metal to avoid massive capital hits. Final Verdict: Is a Collapse Imminent? While the $13.7 billion exposure calculated by analysts represents a “costly fraction” of JPMorganโs quarterly profits (roughly $56 billion annually), the true danger lies in physical delivery. With Chinaโs export ban now in full effect and the global supply deficit entering its sixth year, the “paper-to-physical” disconnect has reached a breaking point. If silver breaches $100, the cost to maintain these short positions could force the Fed to move from “stealth” support to a full-blown emergency intervention.
The Takeaway for Investors: The “Silver Squeeze of 2026” is no longer just a retail movement; it is a structural breakdown of the paper derivative system. Whether JPMorgan survives this trap depends entirely on how much physical metal they truly hold in their “private” vaults.
Silver’s Greatest Short Squeeze Ever: The Perfect Storm of 2026 This video explores how the 2026 silver surge has moved from a “Reddit theory” to a global manufacturing and banking crisis, specifically discussing the role of China and the Fed.
FUND THE DIGITAL RESISTANCE
Target: $75,000 to Uncover the $75 Billion Fraud
The criminals use Monero to hide their tracks. We use it to expose them. This is digital warfare, and truth is the ultimate cryptocurrency.
BREAKDOWN: THE $75,000 TRUTH EXCAVATION
Phase 1: Digital Forensics ($25,000)
ยท Blockchain archaeology following Monero trails ยท Dark web intelligence on EBL network operations ยท Server infiltration and data recovery
Phase 2: Operational Security ($20,000)
ยท Military-grade encryption and secure infrastructure ยท Physical security for investigators in high-risk zones ยท Legal defense against multi-jurisdictional attacks
ยท Multi-language investigative reporting ยท Secure data distribution networks ยท Legal evidence packaging for international authorities
CONTRIBUTION IMPACT
$75 = Preserves one critical document from GDPR deletion $750 = Funds one dark web intelligence operation $7,500 = Secures one investigator for one month $75,000 = Exposes the entire criminal network
SECURE CONTRIBUTION CHANNEL
Monero (XMR) – The Only Truly Private Option
45cVWS8EGkyJvTJ4orZBPnF4cLthRs5xk45jND8pDJcq2mXp9JvAte2Cvdi72aPHtLQt3CEMKgiWDHVFUP9WzCqMBZZ57y4 This address is dedicated exclusively to this investigation. All contributions are cryptographically private and untraceable.
Monero QR Code (Scan to donate anonymously):
(Copy-paste the address if scanning is not possible: 45cVWS8EGkyJvTJ4orZBPnF4cLthRs5xk45jND8pDJcq2mXp9JvAte2Cvdi72aPHtLQt3CEMKgiWDHVFUP9WzCqMBZZ57y4)
Translations of the Patron’s Vault Announcement: (Full versions in German, French, Spanish, Russian, Arabic, Portuguese, Simplified Chinese, and Hindi are included in the live site versions.)
Copyright Notice (All Rights Reserved)
English: ยฉ 2000โ2026 Bernd Pulch. All rights reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means without the prior written permission of the author.
(Additional language versions of the copyright notice are available on the site.)
โยฉBERNDPULCH โ ABOVE TOP SECRET ORIGINAL DOCUMENTS โ THE ONLY MEDIA WITH LICENSE TO SPY โ๏ธ Follow @abovetopsecretxxl for more. ๐ GOD BLESS YOU ๐
Your support keeps the truth alive โ true information is the most valuable resource!
๐๏ธ Compliance & Legal Repository Footer
Formal Notice of Evidence Preservation
This digital repository serves as a secure, redundant mirror for the Bernd Pulch Master Archive. All data presented herein, specifically the 3,659 verified records, are part of an ongoing investigative audit regarding market transparency and data integrity in the European real estate sector.
Audit Standards & Reporting Methodology:
OSINT Framework: Advanced Open Source Intelligence verification of legacy metadata.
Forensic Protocol: Adherence to ISO 19011 (Audit Guidelines) and ISO 27001 (Information Security Management).
Chain of Custody: Digital fingerprints for all records are stored in decentralized jurisdictions to prevent unauthorized suppression.
Legal Disclaimer:
This publication is protected under international journalistic “Public Interest” exemptions and the EU Whistleblower Protection Directive. Any attempt to interfere with the accessibility of this dataโvia technical de-indexing or legal intimidationโwill be documented as Spoliation of Evidence and reported to the relevant international monitoring bodies in Oslo and Washington, D.C.
Here is an extensive compiled Network tracker that connects all of the Epstein data, clients and associates from Bill Clinton and Prince Andrews to Mossad and the JP Morgan in one archive.
๐ BERND PULCH ARCHIVE | SECURE MIRROR 