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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhat Do These Unusual Loans for Trump Advisor Paul Manaforts Carroll Gardens Brownstone Mean?
Brownstoner:Could the Carroll Gardens brownstone owned by Trump advisor and former campaign manager Paul Manafort have anything to do with fraud, money laundering or ties between Russians and the Trump administration? Incredibly, it might be a possibility, depending on how you interpret some public information dug up by two attorneys, Julian Russo and Matthew Termine, and published on Atavist Monday and updated today.
The document comes as Manafort is back in the news for his alleged Russian-Trump ties. The alleged Russian ties that led him to resign from the Trump campaign are now at the center of investigations into links between Moscow and people in Donald Trumps orbit, according to a Wall Street Journal article that came out late Monday night.
As for the info in the Atavist document, well cut to the chase: The most recent loans taken out on the brownstone at 377 Union Street are, um, unusual for several reasons: Banks dont typically loan in excess of the value of a property or on properties in default. Also, the sum borrowed, $6.6 million, appears to be a relatively large percentage of this banks total assets (2.2%) and total shareholder equity (10.9%), according to the Atavist document.
The loans were made by the Federal Savings Bank, whose founder, chairman and ceo is Steve Calk, a Trump supporter and member of the Trump Economic Advisory Council.
Absent some unique architectural features (or notable flaws), that house in that neighborhood should sell for $2-3 M.
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What Do These Unusual Loans for Trump Advisor Paul Manaforts Carroll Gardens Brownstone Mean? (Original Post)
brooklynite
Feb 2017
OP
annabanana
(52,791 posts)1. And this tidbit may be another piece of the puzzle.
Or another brick in the wall...
matt819
(10,749 posts)2. The more we learn, the more it looks like 45 has run a 40-year money laundering scheme
$6.6 million loan for this dump? Where do I sign up?
Also, I saw a graphic a few weeks ago of Der Drumpfenfuhrer's shell companies - there were about 4500 of them. Surely no one needs 4500 shell companies. What are those companies there for if not for money laundering. And, that being the case, how fucking difficult can it be to prove it when you're the fucking FBI and you can call on the fucking NSA and fucking CIA for support.
Sheesh!
Lucinda
(31,170 posts)3. Great find!
TY!