Rebirth of England.

Chapter 735 Case Reopened
On February 2, Benjamin Rothschild, president of NM Rothschild Bank, and his lawyer surrendered to the French Financial Markets Authority (AMF).

In his plea agreement with the Financial Markets Authority, Benjamin Rothschild admitted that with his permission, some managers of NM Rothschild Bank transferred at least 30 billion euros of the 20 billion euros in losses caused by trader Peter's illegal operations in their proprietary business to its wealth management department.

In this agreement, Benjamin Rothschild stated that all this was due to his desire not to suffer the consequences of losing the position as the successor to the LCR Rothschild Group due to these huge losses, and therefore concealed it from the group's management.

Benjamin Rothschild also denied that LCR Rothschild Group and NM Rothschild Bank had used these methods to transfer losses from proprietary businesses on many occasions before.

Ultimately, Benjamin Rothschild will resign from all positions at NM Rothschild Bank, take responsibility and accept relevant penalties.

After all, with a loss of more than 20 billion euros in self-operated funds, if someone is held responsible, it is definitely impossible to push the people below...

The people at AMF are not fools. No one would dare to carry out an operation of this scale without the approval of Benjamin Rothschild, the president of the bank.

Therefore, in order to complete the Financial Administration's investigation into NM Rothschild Bank as quickly as possible, only Benjamin Rothschild, the president of NM Rothschild Bank, can take responsibility.

Ultimately, Benjamin Rothschild would be placed under house arrest until his trial began.

In addition, NM Rothschild Bank was also fined 5 million euros by the French Financial Markets Authority.

The clients of LCR Rothschild Group, whose investments had shrunk significantly, collectively filed a lawsuit against LCR Rothschild Group in the Paris court, demanding compensation for their losses.

The total amount of compensation they demanded is as high as 350 billion euros!
This is the largest investment loss compensation lawsuit in France's history.

You know, to be a wealth management client of LCR Rothschild Bank, ordinary people can’t reach the threshold. They must be at least from a wealthy family above the middle class, and there are even some super-rich people among them...

Therefore, these people's lawsuits against the LCR Rothschild Group will probably be enough to cause headaches for the Rothschild family.

"The compensation of 350 billion euros will definitely not be supported. After all, when the two parties signed the fund management agreement, there will be relevant clauses. Generally speaking, as long as it is not an agreement with a guaranteed bottom line, the court will not support compensation for losses caused by investment on behalf of others, as long as it is not caused by human factors..."

In a phone call with Daisy, she told Barron:

"However, NM Rothschild Bank has transferred the losses of its proprietary department to its wealth management department, so they must compensate for this and will be fined accordingly."

Barron was naturally aware of these things, but the most troublesome thing for the Rothschild family this time was that a considerable portion of the funds they managed belonged to some countries' public investment funds. This part of the funds caused huge losses, which might ruin the relationship between the Rothschild family and these government-managed public investment funds.

Anyway, at this point, they just have to wait for things to go according to plan and finally harvest.

But beyond that, Barron ran into a little trouble.

In fact, this is not about Barron, but John Smith of Sinclair Group.

Yesterday, John Smith contacted Barron by phone. He was cautious and did not tell Barron the whole story on the phone. Instead, he made an appointment to meet with Barron.

Since John Smith gained control of the family business, Barron rarely met with him - after all, the largest shareholder of Sinclair Group outside of their family is IC Capital managed by Ivanta, not SEM Group.

"Barron, I might be in trouble..." After meeting, Barron found that John Smith's expression was a little flustered. He patted the other's shoulder and said lightly:

"Don't worry, John. Take your time."

"The thing is like this..."

It turns out that what caused John Smith to behave like this was something about his good brother.

Two days ago, police officers went to the Sinclair Group to meet John Smith and asked him about the death of his brother David Smith.

David Smith was hospitalized after suffering a stroke. He died in the ward due to the failure of equipment caused by the caregiver's mistake.

Because the caregiver was found to be a drug addict and later died of an overdose at his residence, David Smith's death was deemed an accidental death due to human error.

But now a police officer actually found John Smith again to inquire about the matter, which aroused John Smith's vigilance.

After he dealt with the police officer, he found out that not only him, but also other brothers and sisters in their family were being questioned by the police about this matter.

Now that John Smith is the chairman of the Sinclair Group, he has access to more resources and information, so he quickly found out the whole story.

It turned out that not long ago, a serious criminal serving his sentence in Dallas County Jail in Texas contacted a Maryland Attorney General, claiming that he had an important clue to provide, on the condition that he be transferred to a California prison with better conditions and a more pleasant climate.

After hearing the clues provided by the other party, the prosecutor agreed to the exchange.

The prisoner told the Attorney General that another prisoner who was in the same room with him mentioned a story during a chat. That is, the other prisoner was commissioned to kill a hospital nurse in Maryland. The nurse's words before his death were also a little strange...

After the prosecutor learned of this clue, he first found the "roommate" mentioned by the prisoner, who has now been transferred to a Maryland prison. His name is Batlan Rosario. He is a habitual criminal with a long "criminal record". The last time he was imprisoned was because he shot and killed an old man while breaking into a house and was convicted of second-degree murder.

However, after the prosecutor contacted Batlán Rosario, the other party did not admit that he had said this, and after contacting his lawyer, he did not say a word.

It was clear that Batlán del Rosario had extensive experience dealing with the police.

However, after checking the relevant records in Maryland and based on the last words the nurse said before he died:

"Mr. Smith, don't come to me, someone else asked me to do this..."

With this sentence, the Attorney General locked the clue to the case of David Smith, the former chairman of Sinclair Group, who died accidentally in the hospital. After all, according to the circumstances of that case, it can be directly matched with the description of the prisoner who provided information before - the hospital nurse's mistake led to David Smith's death, and the nurse was later found dead at home from an overdose...

Seeing this, the Attorney General named Harrington Porter became excited. The Sinclair Group is a well-known media company in Maryland and even in the entire United States. The case involving the death of the former chairman of this group will definitely attract global attention!

But at the same time, this case is also very difficult. Not only are the identities of the suspects involved unusual, but also because the case was originally closed as an accidental death, many of the physical evidence related to the case may not be preserved...

(End of this chapter)