Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts

[blake9999]

Ms. McFadden, a longtime anti-money laundering specialist in Deutsche Bank’s Jacksonville office, said she had reviewed the transactions and found that money had moved from Kushner Companies to Russian individuals. She concluded that the transactions should be reported to the government — in part because federal regulators had ordered Deutsche Bank, which had been caught laundering billions of dollars for Russians, to toughen its scrutiny of potentially illegal transactions.

https://www.nytimes.com/2019/05/19/business/deutsche-bank-trump-kushner.html

 

[Herb & Suds]

No Collusion

 

[schuylaar]

Ms. McFadden, a longtime anti-money laundering specialist in Deutsche Bank’s Jacksonville office, said she had reviewed the transactions and found that money had moved from Kushner Companies to Russian individuals. She concluded that the transactions should be reported to the government — in part because federal regulators had ordered Deutsche Bank, which had been caught laundering billions of dollars for Russians, to toughen its scrutiny of potentially illegal transactions.

https://www.nytimes.com/2019/05/19/business/deutsche-bank-trump-kushner.html

wow! what a surprise! I'm shocked beyond my wildest dreams!

 

[rkymtnman]

I hope the SDNY has the DB records and are going over them with a fine toothed comb.

 

[dandyrandy]

Cyrus is gods manboy.

 

[schuylaar]

oh..so NOW someone turns into a whistleblower..ummmmmm..thanks but we got this?

 

[schuylaar]

I hope the SDNY has the DB records and are going over them with a fine toothed comb.

it's known as a flea comb..the finest you will find.

 

[captainmorgan]

Cyrus is gods manboy.

Is that anything like being Falwell jrs poolboy?

 

[blake9999]

 

[Fogdog]

This is more than the Trump-Putin conspiracy story although that may be part of it. It's about a corrupt president using his power for profit.

Mr. Trump’s relationship with Deutsche Bank spans two decades. During a period when most Wall Street banks had stopped doing business with him after his repeated defaults, Deutsche Bank lent Mr. Trump and his companies a total of more than $2.5 billion. Projects financed through the private-banking division include Mr. Trump’s Doral golf resort near Miami and his transformation of Washington’s Old Post Office Building into a luxury hotel.

When he became president, he owed Deutsche Bank well over $300 million. That made the German institution Mr. Trump’s biggest creditor — and put the bank in a bind.

Senior executives worried that if they took a tough stance with Mr. Trump’s accounts — for example, by demanding payment of a delinquent loan — they could provoke the president’s wrath. On the other hand, if they didn’t do anything, the bank could be perceived as cutting a lucrative break for Mr. Trump, whose administration wields regulatory and law enforcement power over the bank.

Contrary to @schuylaar 's idiotic post saying "we got this", the whistle blower was one of several who flagged Kushner's transactions as highly suspicious. She said they recommended independent review of the transactions to determine if the transactions should be report to the US govt. Instead, the review was done by the same division that Trump owed rather than another group. While this is not new news, the details of the transactions and inside knowledge of where to find more information is invaluable. The transactions in question took place between 2016 and 2017 -- before and after Trump became president.

 

[Fogdog]

This is behind a paywall sorry about that. Trump's second defeat in this saga is now final. Not much new except for the bit about how his family are included in the defense of their records at Deutsche Bank .

Judge rejects Trump effort to quash bank subpoenas
President’s attempts to block release of records blocked for second time in a week

https://www.ft.com/content/8c755fe2-7cd1-11e9-81d2-f785092ab560

House of Representatives intelligence and financial services committees subpoenaed the banks in March, and last month President Trump sued, asking the court to invalidate the subpoenas on the grounds that they were designed to “harass” him and “ferret about for any material that might be used to cause him political damage”. But District Judge Edgardo Ramos on Wednesday found that Congress was within its authority to demand the records.

President Trump was joined in his suit by his children Donald, Eric and Ivanka, as well as the Trump Organization.

 

[dandyrandy]

But gawd picked him...

 

[hotrodharley]

No Collusion

Only conversion.

 

[Obepawn]

You know how everyone say Trump is evil? I don’t really feel that about him, criminal yep, sociopath, yep but I don’t feel the evil thing. Kushner, though, he creeps me out...something about his eyes. I get an evil vibe about him and have from the beginning.