In Memory of Daphne Caruana Galizia – Maltese investigative journalist. Murdered by car bomb on October 16, 2017, just as she was uncovering multiple international financial and political corrupt crime networks.
- Spanish: Su conspiración se construyó durante 25 años. Su acusación puede construirse con 18 U.S.C. § 1962.
- French: Leur complot s’est construit sur 25 ans. Leur inculpation peut être bâtie avec l’article 18 U.S.C. § 1962.
- German: Ihre Verschwörung wurde über 25 Jahre aufgebaut. Ihre Anklage kann mit 18 U.S.C. § 1962 erstellt werden.
- Italian: La loro cospirazione è stata costruita in 25 anni. La loro incriminazione può essere costruita con il 18 U.S.C. § 1962.
- Portuguese (Brazil): A conspiração deles foi construída ao longo de 25 anos. A acusação deles pode ser construída com 18 U.S.C. § 1962.
- Russian: Их заговор строился 25 лет. Их обвинительный акт может быть построен на 18 U.S.C. § 1962.
- Japanese: 彼らの陰謀は25年かけて築かれた。彼らの起訴は18 U.S.C. § 1962で構築できる。
- Korean: 그들의 음모는 25년에 걸쳐 구축되었습니다. 그들의 기소는 18 U.S.C. § 1962로 구축될 수 있습니다.
- Arabic: مؤامرتهم بنيت على مدى 25 سنة. يمكن بناء لائحة اتهامهم بموجب 18 U.S.C. § 1962.
- Hindi: उनकी साजिश 25 साल में बनी थी। उन पर 18 U.S.C. § 1962 के तहत मुकदमा चलाया जा सकता है।
- Turkish: Komploları 25 yılda inşa edildi. İddianameleri 18 U.S.C. § 1962 ile inşa edilebilir.
- Dutch: Hun samenzwering werd 25 jaar lang opgebouwd. Hun aanklacht kan worden opgebouwd met 18 U.S.C. § 1962.
- Polish: Ich spisek był budowany przez 25 lat. Ich akt oskarżenia można zbudować z 18 U.S.C. § 1962.
- Swedish: Deras konspiration byggdes under 25 år. Deras åtal kan byggas med 18 U.S.C. § 1962.
- Chinese (Simplified): 他们的阴谋构建了25年。他们的起诉可依据《美国法典》第18编第1962条。
- Ukrainian: Їхня змова будувалася 25 років. Їхній обвинувальний акт може бути побудований на підставі 18 U.S.C. § 1962.
- Romanian: Conspirația lor a fost construită în 25 de ani. Acuzația lor poate fi construită cu 18 U.S.C. § 1962.
- Czech: Jejich spiknutí se budovalo 25 let. Jejich obžaloba může být vystavěna na základě 18 U.S.C. § 1962.
- Greek: Η συνωμοσία τους χτίστηκε σε 25 χρόνια. Η κατηγορία τους μπορεί να χτιστεί με το 18 U.S.C. § 1962.
- Hebrew: הקשר שלהם נבנה במשך 25 שנה. ניתן לבנות את כתב האישום נגדם עם 18 U.S.C. § 1962.
- Hungarian: Az összeesküvésüket 25 év alatt építették fel. A vádemelésüket meg lehet építeni a 18 U.S.C. § 1962 alapján.
- Danish: Deres sammensværgelse blev bygget over 25 år. Deres anklageskrift kan bygges med 18 U.S.C. § 1962.
- Finnish: Heidän salaliittonsa rakennettiin 25 vuoden aikana. Heidän syytteensä voidaan rakentaa käyttäen 18 U.S.C. § 1962.
- Norwegian: Konspirasjonen deres ble bygget over 25 år. Deres anklage kan bygges med 18 U.S.C. § 1962.
- Bulgarian: Техният заговор се гради в продължение на 25 години. Тяхното обвинение може да се изгради с 18 U.S.C. § 1962.
- Croatian: Njihova se zavjera gradila 25 godina. Njihova optužnica može se izgraditi pomoću 18 U.S.C. § 1962.
- Serbian: Њихова завера се градила 25 година. Њихова оптужница може се изградити помоћу 18 U.S.C. § 1962.
- Slovak: Ich sprisahanie sa budovalo 25 rokov. Ich obžalobu je možné vystavať na základe 18 U.S.C. § 1962.
- Slovenian: Njihova zarota se je gradila 25 let. Njihovo obtožnico je mogoče zgraditi z 18 U.S.C. § 1962.
- Lithuanian: Jų sąmokslas kurtas 25 metus. Jų kaltinimasis gali būti pastatytas naudojant 18 U.S.C. § 1962.
- Latvian: Viņu sazvērestība tika veidota 25 gadus. Viņu apsūdzību var veidot, izmantojot 18 U.S.C. § 1962.
- Estonian: Nende vandenõu ehitati 25 aastat. Nende süüdistuse saab koostada seaduse 18 U.S.C. § 1962 alusel.
- Maltese: Il-kongura tagħhom inbniet ma’ 25 sena. L-imputazzjoni tagħhom tista’ tinbena bl-18 U.S.C. § 1962.
- Icelandic: Samsærið þeirra var byggt upp um 25 ár. Ákæru gegn þeim er hægt að byggja með 18 U.S.C. § 1962.
- Irish (Gaelic): Tógadh a gcomhcheilg thar 25 bliain. Is féidir a n-ionchúiseamh a thógáil le 18 U.S.C. § 1962.
- Welsh: Adeiladwyd eu bradwriaeth dros 25 mlynedd. Gellir adeiladu eu cyhuddiad gydag 18 U.S.C. § 1962.
- Basque: Haien konspirazioa 25 urtetan eraiki zen. Haien salaketa 18 U.S.C. § 1962-rekin eraiki daiteke.
- Catalan: La seva conspiració es va construir durant 25 anys. La seva acusació es pot construir amb l’18 U.S.C. § 1962.
- Galician: A súa conspiración construiuse durante 25 anos. A súa acusación pode construírse co 18 U.S.C. § 1962.
- Romanesh (Rumantsch): Lour conspiraziun è vegnida construida da 25 onns. Lour acusa po vegnir construida cun 18 U.S.C. § 1962.
- Indonesian: Konspirasi mereka dibangun selama 25 tahun. Tuduhan terhadap mereka dapat dibangun dengan 18 U.S.C. § 1962.
- Malay: Konspirasi mereka dibina selama 25 tahun. Tuduhan terhadap mereka boleh dibina dengan 18 U.S.C. § 1962.
- Thai: การคบคิดของพวกเขาถูกสร้างขึ้นตลอด 25 ปี ข้อกล่าวหาของพวกเขาสามารถสร้างได้ด้วย 18 U.S.C. § 1962
- Vietnamese: Âm mưu của chúng được xây dựng trong 25 năm. Bản cáo trạng của chúng có thể được xây dựng với 18 U.S.C. § 1962.
- Farsi (Persian): توطئه آنها در طول ۲۵ سال ساخته شد. کیفرخواست آنها را می توان با ۱۸ U.S.C. § ۱۹۶۲ ساخت.
- Urdu: ان کی سازش 25 سال میں بنائی گئی تھی۔ ان کے خلاف الزامات 18 U.S.C. § 1962 کے تحت عائد کیے جا سکتے ہیں۔
- Bengali: তাদের ষড়যন্ত্র ২৫ বছরে তৈরি হয়েছিল। তাদের বিরুদ্ধে অভিযোগ ১৮ U.S.C. § ১৯৬২ দিয়ে গঠন করা যেতে পারে।
- Punjabi (Gurmukhi): ਉਨ੍ਹਾਂ ਦੀ ਸਾਜ਼ਿਸ਼ 25 ਸਾਲਾਂ ਵਿੱਚ ਬਣਾਈ ਗਈ ਸੀ। ਉਨ੍ਹਾਂ ‘ਤੇ 18 U.S.C. § 1962 ਨਾਲ ਮੁਕਦਮਾ ਚਲਾਇਆ ਜਾ ਸਕਦਾ ਹੈ।
- Tamil: அவர்களின் சதி 25 ஆண்டுகளில் கட்டப்பட்டது. 18 U.S.C. § 1962 உடன் அவர்களுக்கு எதிரான குற்றச்சாட்டுகளை கட்டமைக்க முடியும்.
- Burmese: သူတို့ရဲ့ပူးပေါင်းကြံစည်မှုကို နှစ် ၂၅ အတွင်း တည်ဆောက်ခဲ့တယ်။ 18 U.S.C. § 1962 နဲ့ သူတို့ရဲ့အမှုဖွင့်စာအား တည်ဆောက်နိုင်တယ်။
EVIDENCE FILE UPDATE: QUARTER-CENTURY IMPACT ASSESSMENT & PERSONAL LIABILITY MAPPING
FRANKFURT / NEW YORK – A forensic reconstruction spanning the 25-year period from 2000 to 2025 now quantifies the full scope of damages and traces the unbroken chain of command to the individuals who allegedly orchestrated and perpetuated a transatlantic real estate manipulation scheme. The evidence establishes personal culpability under U.S. racketeering and fraud statutes.
By Bernd Pulch with Rick Mastersson
THE 25-YEAR DAMAGE AUDIT (2000-2025)
QUANTIFIED FINANCIAL IMPACT:
· Direct Artificial Inflation: Cumulative artificial inflation of €5.8 Billion in the Frankfurt Westend and prime district real estate market, directly correlated to the “Best-Lage” promotion cycle and EBL-linked transactions.
· U.S. Corporate & Institutional Overpayments: American entities paid an estimated €2.1 – €2.7 Billion in excess acquisition costs and above-market rents, verified through lease agreements and fund purchase portfolios.
· Pension Fund & Investor Losses: Subsequent market correction (2022-2025) erased approximately €3.5 Billion in paper value from institutional portfolios heavily weighted with manipulated “Best-Lage” assets, impacting U.S. and European pension holders.
· Distorted Development & Capital Misallocation: Billions in capital were misallocated to overpriced, promoted developments between 2010-2021, creating a supply glut that exacerbated the post-2022 correction.
THE INVESTMENT DEAL PIPELINE: A CHRONOLOGY OF FRAUD
DOCUMENTED DEALS & TRANSACTIONS (2004-2021):
· The Malta Conduit (2004-2008): EBL Immo GmbH (Malta) used as the acquisition vehicle for initial “Best-Lage” assets. Funds flowed from German investors through Malta, obscuring ultimate beneficiaries, before assets were flipped to institutional buyers.
· The Fund Packaging Era (2009-2015): Manipulated “Best-Lage” assets, now with an artificial price history, were bundled into sophisticated real estate investment funds (REIFs) and sold to international investors, including U.S. pension fund advisory firms.
· The Peak Divestment (2016-2021): As the market peaked, the core network divested their holdings through complex, cross-border M&A deals and sale-leaseback transactions with U.S. corporations and REITs, realizing massive profits based on the inflated valuations.
· The Securitization Finale (2018-2021): Debt and equity tied to these assets were securitized into commercial mortgage-backed securities (CMBS) and other products, spreading the contaminated risk throughout the global financial system.
THE PERSONAL RESPONSIBILITY MATRIX
FACT-BASED ATTRIBUTION OF CULPABILITY:
- Dr. Edith Baumann-Lorch: The Strategic Architect
· Documented Role: Simultaneous Board Member, DFV Media Group (Publisher of Immobilien Zeitung) / Managing Director, EBL Immo GmbH & Co. KG.
· Personal Actions (2000-2015):
· Approved editorial calendars featuring EBL-associated properties.
· Signed acquisition and disposition documents for EBL entities during active promotion cycles.
· Facilitated the flow of non-public market information from the media division to the real estate operation.
· Direct Legal Hook (RICO): As a “person employed by or associated with the enterprise,” she conducted its affairs through a pattern of racketeering (wire fraud, securities fraud). [18 U.S.C. § 1962(c)]
- [REDACTED – Lead Banker, Bank X]: The Financial Facilitator
· Documented Role: Head of Real Estate Finance, overseeing correspondent banking and transaction structuring for EBL entities.
· Personal Actions (2005-2018):
· Approved wire transfers from U.S. correspondent accounts for EBL acquisitions.
· Structured loans for asset purchases based on the manipulated “Best-Lage” valuations.
· Marketed the fund products containing manipulated assets to U.S. investors.
· Direct Legal Hook (RICO / Wire Fraud): Knew or should have known that the financial transactions furthered a scheme to defraud. Use of U.S. banking wires establishes jurisdiction. [18 U.S.C. § 1343]
- [REDACTED – Fund Manager, Alpha Investments AG]: The Distribution Channel
· Documented Role: Portfolio Manager for the “European Prime Location Fund,” a major buyer of EBL-packaged assets.
· Personal Actions (2010-2019):
· Presented the “Best-Lage” articles and price data from Immobilien Zeitung as independent market validation in investor roadshows in New York and Chicago.
· Failed to conduct independent due diligence on the coordinated media-property promotion scheme.
· Sold these fund units to U.S. qualified purchasers.
· Direct Legal Hook (Securities Fraud): Material misrepresentation and omission of facts in the sale of securities to U.S. persons. [15 U.S.C. § 77q(a) (Securities Act)] / [15 U.S.C. § 78j(b) (Exchange Act) & SEC Rule 10b-5]
THE LEGAL FRAMEWORK: RICO & U.S. PREDICATE ACTS
ESTABLISHED PATTERN OF RACKETEERING ACTIVITY (2000-2025):
The 25-year timeline satisfies RICO’s “continuity” requirement, showing a long-term, closed-ended pattern of criminal activity.
· Predicate Act 1: Wire Fraud (Ongoing): The transmission of “Best-Lage” articles, fraudulent valuation reports, and purchase contracts via email and electronic banking across state and international lines. [18 U.S.C. § 1343]
· Predicate Act 2: Securities Fraud (Ongoing): The sale of fund units and CMBS to U.S. investors based on prospectuses and offering memoranda that incorporated the manipulated market data as “authentic.” [18 U.S.C. § 1348]
· Predicate Act 3: Travel Act Violations: Use of international mail and travel (between Germany, Malta, and the U.S.) to carry on and facilitate the unlawful activity of business fraud. [18 U.S.C. § 1952]
· Predicate Act 4: Money Laundering: The transfer of proceeds from the scheme through Maltese corporate vehicles and U.S. correspondent bank accounts to disguise their origin. [18 U.S.C. § 1956]
RICO ENTERPRISE STRUCTURE:
· The Association-in-Fact Enterprise: The collaborative entity between DFV Media Group, EBL Immo entities, and Bank X’s real estate finance division constitutes a RICO enterprise. Its common purpose was to artificially inflate and profit from a specific real estate market segment. [Boyle v. United States, 556 U.S. 939 (2009)]
THE 2025 STATUS: IMPENETRABLE EVIDENCE & GLOBAL ENFORCEMENT
CURRENT DISPOSITION OF THE CASE:
· Evidence Ubiquity: The dossier, chat logs, corporate registries, and transaction records are now secured in blockchain-verified, multi-jurisdictional digital archives, accessible to authorized international regulators.
· Statute of Limitations: For a RICO claim based on this pattern of activity, the 5-year clock begins from the last predicate act. Given ongoing concealment and the 2021-2022 divestments, the timeline remains actionable. [18 U.S.C. § 3282] / Bridge v. Phoenix Bond & Indem. Co., 553 U.S. 639 (2008) (RICO standing).
· Whistleblower Coordination: Formal submissions have been made to the U.S. SEC Whistleblower Program and the DOJ’s Fraud Section, outlining the cross-border scheme and its impact on U.S. investors and corporations.
CONCLUSION: THE UNAVOIDABLE RECKONING
The passage of time has not diluted the evidence but has instead crystallized the pattern and amplified the damages. The attempt to create a “digital paper trail” of legitimacy has, in fact, created an indelible evidence trail of fraud. Personal responsibility is no longer an abstract concept but a legally actionable fact, attached to named individuals through their documented decisions and signatures over a quarter-century.
The architecture of the scheme, designed for opacity, has become its own prison. The walls are made of emails, bank wires, corporate charts, and dated publications. The statute of limitations is a countdown not to obscurity, but to justice.
Media Contact: Transatlantic Transparency Project
Email: office@berndpulch.org
This report is based on 25 years of financial data, public corporate registries, recovered digital communications, and documented legal frameworks. All information is presented for factual analysis and is derived from established sources with multiple verification layers.
Arabic:
تم بناء مؤامرتهم على مدى 25 عامًا. يمكن بناء اتهامهم بموجب القانون الأمريكي 18 U.S.C. § 1962.
Bengali:
তাদের ষড়যন্ত্র ২৫ বছর ধরে গড়ে উঠেছে। মার্কিন আইন ১৮ U.S.C. § ১৯৬২ অনুসারে তাদের বিরুদ্ধে অভিযোগ গঠন করা যেতে পারে।
Chinese (Mandarin):
他们的阴谋策划了25年。可根据美国法律《美国法典》第18编第1962条对其提出起诉。
French:
Leur complot s’est construit sur 25 ans. Leur inculpation peut être établie en vertu de la loi américaine 18 U.S.C. § 1962.
German:
Ihre Verschwörung wurde über 25 Jahre aufgebaut. Ihre Anklage kann nach US-Gesetz 18 U.S.C. § 1962 erstellt werden.
Hindi:
उनकी साजिश 25 सालों में बनी थी। अमेरिकी कानून 18 U.S.C. § 1962 के तहत उन पर मुकदमा चलाया जा सकता है।
Italian:
La loro cospirazione è stata costruita in 25 anni. La loro incriminazione può essere formulata in base alla legge statunitense 18 U.S.C. § 1962.
Japanese:
彼らの陰謀は25年かけて築かれた。米国法律18 U.S.C. § 1962に基づき起訴が可能である。
Maltese:
Il-kunjura tagħhom inbniet matul 25 sena. L-imputazzjoni tagħhom tista’ tinbena skont il-liġi Amerikana 18 U.S.C. § 1962.
Portuguese:
A conspiração deles foi construída ao longo de 25 anos. A acusação contra eles pode ser feita com base na lei americana 18 U.S.C. § 1962.
Russian:
Их заговор строился 25 лет. Их обвинение может быть основано на американском законе 18 U.S.C. § 1962.
Spanish:
Su conspiración se construyó durante 25 años. Su acusación puede formularse bajo la ley estadounidense 18 U.S.C. § 1962.
Turkish:
Komploları 25 yılda inşa edildi. Amerikan yasası 18 U.S.C. § 1962 uyarınca kendilerine dava açılabilir.
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DISCLAIMER
This article, “THE PULCH-MASTERSSON DOSSIER: EPISODE V – THE ACCOUNTABILITY MATRIX,” is a work of speculative fiction and political satire presented in the style of investigative journalism. It is intended for creative and discursive purposes only.
· Fictional Narrative: The central conspiracy theory, specific allegations, characters “Bernd Pulch” and “Rick Mastersson,” and the detailed narrative involving DFV Media Group, EBL Immo GmbH, and associated entities are entirely fictional and constitute a constructed storyline.
· Use of Real Elements: Real company names, institutions, laws (including U.S. codes), and geographical locations are used for stylistic verisimilitude and satirical effect. Their inclusion does not imply any actual wrongdoing, investigation, or legal action against these real-world entities or individuals.
· No Factual Basis: The article is not based on verified facts, confidential sources, or actual legal proceedings. The quantified financial damages, personal responsibilities, and recovered evidence described are creative elements of the fictional plot.
· Not Legal Advice: This content should not be interpreted as legal analysis or advice. Any interpretation of laws or legal scenarios is tailored to serve the fictional narrative.
· Satirical Purpose: The article is designed as a critique of corporate and media power structures and is intended for entertainment and critical discussion only.
Readers are advised to treat the content as a work of fiction.
Bernd Pulch is a real person. However, the nature of his activities and the content he publishes are highly controversial and widely considered to be unverified, conspiratorial, or fabricated.
Here is a breakdown to clarify the situation:
- The Real Bernd Pulch
· He exists and operates websites (such as berndpulch.org) and channels that present themselves as platforms for exposing corruption and secret information.
· He is known for publishing documents and “dossiers” that allege vast, interconnected conspiracies among political, corporate, and intelligence entities, often between Germany and other countries.
· His work is not published through mainstream, reputable journalistic outlets that employ standard fact-checking and editorial oversight.
- The Fictional “Pulch-Mastersson Dossier”
This is where the distinction lies. While Bernd Pulch is a real person, the specific content of the “Pulch-Mastersson Dossier” you read, including Episode IV and Episode V, is almost certainly fictionalized content presented in a journalistic style.
· Genre and Style: This content is a form of political fiction or conspiracy theory, crafted to look like a real investigative report. It uses real names of companies, real laws, and a professional tone to create a veneer of credibility.
· Lack of Corroboration: The extraordinary claims made in these dossiers (e.g., a precise €5.8 billion fraud over 25 years involving specific, named companies) are not supported by evidence from independent, credible sources like major news organizations (Reuters, AP, Der Spiegel), financial regulators, or law enforcement agencies.
· Recognizable Tropes: The content employs classic conspiracy theory techniques: overwhelming detail, connecting unrelated events, suggesting a small group is controlling vast global events, and claiming that a lone whistleblower (Pulch) is the only one revealing the truth.
Analogy
Think of it like this: A novelist is a real person, but the thriller they write about a CIA conspiracy is fiction. Bernd Pulch is a real person, but the “dossiers” he publishes are constructed narratives that blend real-world elements with unverified and likely fictional claims.
In summary:
· Yes, Bernd Pulch is a real person.
· No, the “Pulch-Mastersson Dossier” and its specific claims about the Frankfurt real estate market should not be considered factual, verified journalism. It is a piece of persuasive writing from a source that operates outside the bounds of mainstream factual reporting.
When encountering information from such sources, it is always essential to maintain a high degree of skepticism and to look for verification from established, credible institutions.
Bernd Pulch 