Bank that lent $300m to Trump linked to Russian money laundering scam

[bathroommonkey76]

Source: The Guardian

The German bank that loaned $300m (£260m) to Donald Trump played a prominent role in a money laundering scandal run by Russian criminals with ties to the Kremlin, the Guardian can reveal.

Deutsche Bank is one of dozens of western financial institutions that processed at least $20bn – and possibly more – in money of “criminal origin” from Russia.

The scheme, dubbed “the Global Laundromat”, ran from 2010 to 2014.

Law enforcement agencies are investigating how a group of politically well-connected Russians were able to use UK-registered companies to launder billions of dollars in cash. The companies made fictitious loans to each other, underwritten by Russian businesses.

Read more: https://www.theguardian.com/world/2017/mar/21/deutsche-bank-that-lent-300m-to-trump-linked-to-russian-money-laundering-scam

[bettyellen]

1. And which cabinet member has a majority stake in the Cyrus bank that functions as the new

Laundry of choice for Russian oligarchs? So much of the cabinet is filthy that I can't keep track.

[Maeve]

10. Wilbur Ross, Commerce Secretary

http://www.motherjones.com/politics/2016/12/trump-commerce-pick-wilbur-ross-financial-ties-russians

[Bernardo de La Paz]

11. Sec. Commerce Wilbur Ross, who appointed Deutsche Bank exec Ackerman to head Cyprus Bank

[mpcamb]

15. Web of Intrigue

Probably ought to keep this around as a score card when they start to fall.

[bettyellen]

16. Thank you! So hard to keep track of these grifters!

[erronis]

19. That is a fantastic map of fraudsters and criminals to one another

A technical question -

This looks very much like what has been done for the Panama Papers, etc.

I'm busily moving my list of companies/organizations/people/relations into a graph DB. These are extremely powerful and can point out collusions where no one would think to look. Neo4j or other? How did you get your data feeds into the DB?

[spiderpig]

2. I'm no expert in international finance...

...but isn't this more than drip, drip, drip?

[dawnie51]

3. Every day.....

another factoid or two. Another piece of the puzzle. This is the plan evidently. Drop a little, keep the drip going. God, I want this to be over.

[woodsprite]

5. I know. Every morning I check the news first thing to see

if all those drips have turned into Niagara Falls yet.

[ffr]

4. He had a good thing going, right?

Last edited Tue Mar 21, 2017, 05:58 PM - Edit history (1)

How stupid. No, how arrogant and stupid do you have to be with millions rolling in, UNCHECKED, and no law enforcement agency putting a fine tooth comb to your actions to want more???

He had to seek public office, eyeing the U.S. Treasury and the looting in earnest as Bush did in the previous decade.

What a fucking moron we're dealing with. To him, infinite wealth will never be enough. And that will contribute to his downfall and potential financial ruin.

LOCK HIM UP!

LOCK HIM UP!

LOCK HIM UP!

LOCK HIM UP!

LOCK HIM UP!

[rivegauche]

18. His greed and narcissism is a bottomless pit.

Add enormous arrogance and incredible, wilfull stupidity and that's Chump. Lock him up is right, and throw away the fucking keys.

[Sunlei]

6. poor Greece, their countrymen got pretty fucked over by those bankers.

[BumRushDaShow]

7. Wouldn't be surprised if some of the others that lent to him are involved too

http://www.motherjones.com/politics/2016/12/guide-donald-trump-debt

[George II]

14. This doesn't include what he owes to the Bank of China or Russians.

[Dave Starsky]

17. Exactly. n/t

[erronis]

20. And those debts aren't paid off in taxpayer-printed notes

They will be extracted from the hides of the criminals and their offspring and children/cohorts of these bandits. (One can hope.)

[neohippie]

8. I'm sure it's all just a coincidence

That casinos and real estate are probably the easiest ways to launder money, and that Trump's businesses involve both of those things.

Also that the pilot program run by the Financial Crimes Enforcement Network, that looks into money laundering in real estate transactions that is wanting to expand it's program to look not only at condos, but into commercial real estate - which also involves Trump and Associates like his son in law Jared Kushner is probably not going to be funded in Trump's budget, especially when FinCen is who fined Trump's casino the largest ever fine for money laundering

[Yavin4]

9. Every major criminal enterperise needs two things

1. A militia or army to protect the criminals and their stuff.

2. More importantly, a banker that can wash the money. The banker knows EVERYTHING, and has the documentation to back it up.

[Thomas Hurt]

12. The more I learn about Trump

the easier it is to believe that his wealth has come from being an international money launderer not the greatest negotiator in the world.

[Bernardo de La Paz]

13. Trump casinos hosted Russian high-rollers & lost money at a time when casino profits boomed. . nt

[Honeycombe8]

21. Corruption in the W.H. the likes of which we've never seen...linked to an enemy nation.nt

[AKing]

22. Trump buys property at start of housing collapse for 140 million + Russian Oligrarch....

buys it a year later for 190 million at peak of housing collapse = Money Laundering 101

[Xolodno]

23. This is one of the reasons why the FBI investigation is taking so long...in my opinion.

They need to turnover every rock, dot every i, check and check again, etc. This isn't about one person, but mob ties and everyone connected. And that takes a long time to bring down.