| For immediate release |
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The Federal Reserve Board on Friday announced the issuance of an Order of Prohibition against Eduardo Del Rio, a former employee and institution-affiliated party of Deutsche Bank, AG, New York, New York.
Mr. Del Rio, without admitting to any allegations, consented to the issuance of the Order based on his violations of law, unsafe and unsound practices, and breaches of his fiduciary duty to Deutsche Bank and its customers in connection with his embezzlement of approximately $8.5 million for his personal use.
A copy of the Order is attached.
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