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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAcid bleached server? LOCK HIM UP! Ex-exec says Deutsche Bank may have destroyed Trump returns
https://www.rawstory.com/2019/10/ex-deutsche-bank-exec-says-bank-may-have-destroyed-copies-of-trumps-tax-returns/
A former Deutsche Bank executive suggested that the financial firm may have destroyed physical copies of President Trumps tax returns after the bank told a court that it no longer had them.
Trump relied on Deutsche Bank for loans for years after other financial institutions balked at doing business with his company after a series of defaults and bankruptcies. Former Trump attorney Michael Cohen told Congress that Trump had provided the bank with false documents inflating his net worth in an attempt to get a loan in 2014. Two House committees subpoenaed Deutsche Bank after Cohens testimony for financial documents related to the president, his three eldest children and his company. Deutsche Bank indicated in April that it had the tax returns of at least some of those individuals, prompting media outlets to file a motion to unseal the names of those individuals.
The Second Circuit Court of Appeals on Thursday rejected the outlets motion, revealing that the bank had informed the court that the only tax returns it has for individuals and entities named in the subpoenas are not those of the president.
But current and former bank officials told The New York Times that Deutsche Bank had portions of Trumps personal and corporate tax returns. Some of those records were obtained from Trump in 2011 when its private banking arm took on Trump as a client. A number of former bank executives reviewed the tax returns, bank officials told the outlet.
jberryhill
(62,444 posts)Under EU privacy regulations, they are not allowed to keep personal data beyond the time required by the reason for which they obtained it.
Autumn
(45,107 posts)dem4decades
(11,296 posts)Mike 03
(16,616 posts)As if Deutsche Bank isn't already in enough trouble.
Mc Mike
(9,114 posts)I mean, who could know? I definitely wouldn't keep any records around that were a justification as to why I loaned a multibankruptcy deadbeat who was sueing our bank zillions of dollars of our bank's cash assets.
So their employees definitely shouldn't be jailed and their bank's funds shouldn't be seized, nor should their ability to operate on US soil be suspended.
Generic Brad
(14,275 posts)Not all, but most. Last year they would have had the records from 2011. It is possible the appeal allowed them to run out the clock and destroy them on schedule.
mitch96
(13,912 posts)LOCK THEM UP!!!! That will put the fear of god into these assholes... 1% my ass...
m
Evolve Dammit
(16,743 posts)No exceptions. I'm sure Bill Barr will get right on it (cough), but the new Dem AG could have a go at it, and impress upon these arrogant asshole banksters that laws actually apply to them. They don't think they do at the moment, and haven't for decades.