Big bank whistleblower turns down reward worth millions

Global banking system under attack

A former Deutsche Bank employee has turned down his share of a $ 16.5 million whistleblower award to protest a lack of punishment for the bank’s top executives.

Eric Ben-Artzi, a former risk officer, is in line for the major payout after warning the U.S. Securities and Exchange Commission that Deutsche Bank (DB) had inflated the value of its portfolio of exotic credit derivatives during the financial crisis.

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