Illegal Activity
suspicious
Blackmail
possible
Date
2018-05-18
Document Type
email
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:41
Summary
Stewart Oldfield is seeking guidance from his team regarding a client's request to remove setoff and lien language from their deposit agreement, as a competing bank has already agreed to this. He suggests using a side letter to accommodate the client's request, hoping to secure future lending business.
Metadata
- Subject
- RE: Ashley deposit update [I]
- Sender
- Stewart Oldfield
- Recipients
- Charlie Burrows, Anthony Western, Kimberly Hart, Nicholas Haigh, Rachel Goodwin, Andrew Gallivan
- Document ID
- DB-SDNY-0057431
- Date
- 2018-05-18
Illegal Activity
- Severity
- suspicious
- Description
- The discussion of using a side letter to circumvent standard terms and conditions raises a slight concern, although it's not clear evidence of illegal activity. It could be seen as an attempt to mislead or avoid scrutiny.
- Content Type
- first_hand
Blackmail Indicators
- Likelihood
- possible
- Description
- The client is using the fact that another bank is willing to remove the setoff and lien language as leverage to get Deutsche Bank to do the same. While not explicit blackmail, it's a pressure tactic.
Relationships 2
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Stewart Oldfield | Business | Charlie Burrows, Anthony Western, Kimberly Hart, Nicholas Haigh, Rachel Goodwin, Andrew Gallivan | Stewart Oldfield is emailing his team about the Ashley deposit update. |
| Ashley | Client | Deutsche Bank | Ashley is a client of Deutsche Bank, seeking to open a deposit account and issue CDs. |
Notable Quotes 2
Unfortunately, the other bank Ashley is working with for deposits has agreed to simply remove all setoff and lien language from their deposit agreement, recognizing that there should be no situation (other than an operational error) that would give rise to an obligation from Ashley to the bank.
I would like to agree to remove the language they don't like (via a sideletter, not a new set of T&Cs). If we ever do a lending deal with them, we can properly negotiate collateral provisions then, when we will have more leverage.
Red Flags 1
- Agreeing to a side letter to remove standard setoff and lien language could potentially expose the bank to increased risk, although the email argues the risk is low since it's just a deposit account and CDs.
Financial Information
Transactions:
- Opening a deposit account
- Issuing CDs
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowBusiness dealingsCommunications/correspondence
People 9
Organizations 5
Deutsche Bank Trust ComDeutsche Bank Securities IncWealth Management AmericasGoldmanJPM
Locations 1
Americas
Financial Entities 3
Deutsche BankGoldman SachsJPMorgan Chase (JPM)
Text Analysis
- Tone
- Urgent
- Purpose
- To inform the team about the client's request to remove setoff and lien language from the deposit agreement and to seek their help in deciding how to proceed.
- Significance
- The email highlights a negotiation with a client regarding deposit agreement terms and the potential impact on future lending business. It also reveals a competitive situation with other banks.
File Info
- File Name
- EFTA01365962.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:13.061576
- DOJ Source
- View on DOJ