Corporate banker Thomas Bowers, who ran the U.S. division of private wealth management for Deutsche Bank AG, reportedly committed suicide last month at the age of 55 by hanging himself with a rope in his California residence.
However, his extensive ties to deceased sex trafficker Jeffrey Epstein – who also died from a mysterious suicide – has caused speculation about what the real cause of Bowers’ death may be.
Epstein moved millions of his personal wealth through Deutsche Bank before his death. He switched to Deutsche Bank in 2013 after his conviction for child sex crimes when even JP Morgan would no longer do business with him. Following investigations into civil cases exposing the extent of Epstein’s criminal network by the Miami Herald, Deutsche Bank finally began to close his accounts.
“Deutsche Bank is closely examining any business relationship with Jeffrey Epstein, and we are absolutely committed to cooperating with all relevant authorities,” a spokesperson for the bank said.
Former bank executive Mike Moore, who led a Citigroup division’s anti-money laundering unit during a time when Citi was in bed with Epstein, commented on the nature of Epstein’s loans with the corporate lender.
“The loans to Epstein were personal and commercial,” Moore said. “The Citi loans I can confirm were for more than $25 million. Some were secured, some were not.”
According to sources that spoke with True Pundit, Epstein received similar loans from both Citigroup and Deutsche Bank, and it is not a coincidence that Bowers worked in the same role for both banks when Epstein was doing business with them. Bowers was chief of The Citi Private Bank, and led Citigroup’s Global Markets and Wealth Management businesses before he made his way to Deutsche Bank.
The FBI reportedly subpoenaed Deutsche Bank earlier this year for loans and accounts with ties to Epstein. Bowers was among the individuals who they hoped to interview about Epstein’s finances. They will never get the chance, and never get the answers they were seeking because of his convenient suicide.
Even though Epstein allegedly refused to pay Citi back for the loans they gave him, Bowers continued to do business with him because of his elite connections. He also reportedly traveled to Epstein’s private island, Little St. James, and was a frequent visitor to Epstein’s lavish New York City home.
“Epstein made Bowers and his financial institutions hundreds of millions of dollars,” one banking executive told True Pundit. “It really didn’t even matter that Epstein stiffed Citi for $30 million in defaults because he brought so much new money, new blood in. Citi made far more than it lost.”
Anything that Bowers may have been able to divulge about Epstein’s network died with him. Loose ends are being tied up, and the powerful individuals who Epstein provided with illicit child sex services have to be breathing a sigh of relief as a result.
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