The Corporate Veils of Deutsche

Deutsche Bank National Trust Company is a sham conduit earning other Deutsche entities (real ones) $ millions in fees paid for the mere use of its name. Contrary to the definition of a limited purpose trust company, Deutsche performs no services, maintains no inventory, and owns nothing. Be careful to distinguish it from other Deutsche entities.

I frankly never heard of a trust being organized under the laws of the United States. Banks can be chartered by the Federal government but not trusts. I’m thinking this trust company, in addition to the alleged trust, doesn’t exist and never has been in existence. Instead it is a fictitious name (business name) that is not registered as such.

nyed-1-2019-cv-05507-00012

Pursuant to Fed R Civ P. 7.1 defendant Deutsche Bank National trust COmpany, as trustee for Morgan Stanley ABS Capital I Inc. Trust 2007-NC2 Mortgage Pass-through Certificates, Series 2007-NC2 at c/o Ocwen Loan Servicing, LLC (defendant) by􀀃 and􀀃 through its attorneys, McGlinchey Stafford,􀀃hereby discloses as follows:

Deutsche Bank National Trust Company is a national banking association organized under the laws of the United States [e.s.] to carry on the business of a limited purpose trust company. Deutsche Bank National Trust Company is a wholly owned subsidiary of Deutsche Bank Holdings, Inc., a corporation organized under the laws of the State of Delaware. Deutsche Bank Holdings, Inc. is a wholly owned subsidiary of Deutsche Bank Trust Corporation, a corporation organized under the laws of the State of New York.

Deutsche Bank Trust Corporation is a wholly owned subsidiary of DB USA Corporation, a corporation organized under the laws of the State of Delaware. DB USA Corporation is a wholly owned subsidiary of Deutsche Bank AG, a banking corporation organized under the laws of the Federal Republic of Germany. No publicly-held company owns 10% or more of Deutsche Bank AG’s stock.

What is a Limited Purpose Trust Company

A limited purpose trust company is a trust company that has been chartered by the state to perform specific trust functions. These functions can include acting as a depositor or safekeeper for securities or mortgages. The Participants Trust Company is an example of a mortgage depositor trust.

Bob writes the following:

of interest, I did make a motion in one of my cases to have DBNTC post a bond for security for costs because they were a foreign plaintiff in NY, and the court granted the motion and made them put up the bond.

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