Illegal Activity
suspicious
Blackmail
none
Date
2015-01-28
Document Type
email
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:42
Summary
This email from Daniel Sabba to Jeffrey E. outlines the pricing and financing terms for long Total Return Swaps (TRS) on GE and ConEd, as suggested by Rich. The email details the notional equivalent, interest rate, commissions, and initial allowance, and mentions the use of equities at a 50% haircut as IA.
Metadata
- Subject
- FW: Coned and GE through TRS [CI
- Sender
- Paul Morris [paul.morris@db.com)
- Recipients
- Stewart 0ldfield [stewart.oldfield@db.comi
- Document ID
- DB-SDNY-0050017
- Date
- 2015-01-28
Illegal Activity
- Severity
- suspicious
- Description
- The email discusses complex financial instruments (TRS) and the use of equities at a 50% haircut, which could potentially be used for tax avoidance or other illicit purposes. However, without more context, it's difficult to determine if any illegal activity is taking place.
- Content Type
- first_hand
Relationships 3
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Paul Morris | employment | Deutsche Bank | Paul Morris is a Managing Director at Deutsche Bank Private Bank. |
| Daniel Sabba | business | Jeffrey E. | Daniel Sabba is providing financing terms to Jeffrey E. for GE and ConEd through TRS. |
| Richard Kahn | business | Daniel Sabba | Richard Kahn suggested the pricing of long TRSs for GE and ConEd. |
Notable Quotes 3
Per Rich's suggestion, we priced long TRSs for GE and ConEd (without the sale of a call option).
We could provide the same financing terms on a $20mm notional equivalent (1mL+75bps, with $0.03 commissions in and out).
As discussed, you could use equities at a 50% haircut as this IA.
Financial Information
Amounts:20mm0.033.67%3.51%
Assets:
- Equities
Transactions:
- Priced long TRSs for GE and ConEd
- Financing terms on a $20mm notional equivalent (1mL+75bps, with $0.03 commissions in and out)
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowBusiness dealings
Organizations 3
Deutsche BankConedGE
Financial Entities 1
Deutsche Bank Private Bank
Text Analysis
- Tone
- Professional
- Purpose
- To inform Jeffrey E. about the pricing of long TRSs for GE and ConEd and the financing terms available.
- Significance
- This email discusses financial transactions involving GE and ConEd, potentially for Jeffrey E.'s benefit.
File Info
- File Name
- EFTA01361127.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:42:02.840863
- DOJ Source
- View on DOJ