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Suspicious Activity: Inside the FinCEN Files

Episode Three: Know Your Customer

Suspicious Activity: Inside the FinCEN Files

Pineapple Street Studios, BuzzFeed News

News Commentary, News

4.2830 Ratings

🗓️ 1 October 2020

⏱️ 29 minutes

🧾️ Download transcript

Summary

Even in the finance world, Deutsche Bank has a troubled reputation. One of its darkest and most mysterious chapters happened when it facilitated the laundering of $10 billion dollars for anonymous shell companies around the world. But BuzzFeed News reporter Tom Warren has now discovered whose money the bank moved and how far up knowledge of the problem went. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0

Babak Dardashti is a dentist in Los Angeles.

0:03.0

I believe it was around Christmas time in 2013.

0:08.0

We were ready to close up for the week of Christmas, New Year coming up.

0:12.0

I received this letter.

0:13.0

It was from, I believe, IRS.

0:15.0

And reading that, like, yeah, you haven't been paying your payroll taxes for six months.

0:26.4

So that was very odd. And I was like, okay, maybe I should just call my payroll company Monday.

0:28.7

There's just probably something they will handle.

0:33.4

Dardashdi had been working with the same payroll company since he started his practice,

0:38.4

brighter dental 13 years before. The company was called LA payroll.

0:40.3

They helped him pay his employees,

0:42.8

automatically deducting whatever taxes were owed and sending them to the IRS.

0:44.8

When he got the letter, he gave them a call.

0:47.5

And I noticed a little bit of a panic in the voice of the person

0:51.8

that I was assigned to me,

0:53.9

not like any other time.

0:56.1

And I said, is everything okay because we were talking all this time?

1:00.5

And she said, you know what?

1:01.4

You're the 20th person who called about that.

1:04.2

And we are calling our, or my boss, and we cannot find our boss.

1:09.4

It turns out dozens of businesses in the area

1:12.5

had received some version of the same letter,

...

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