Donald Trump sent out a frantic fundraising plea centered around the possibility that Trump Tower might be seized as part of the massive New York fraud judgment leveled against him. The former president's lawyers notified the court that none of 30 underwriting entities they approached would finance the half-billion bond he needs to pay as he appeals the fraud judgment, which means the New York attorney general's office could begin seizing his properties next week if he fails to pay by Monday's deadline. "KEEP YOUR FILTHY HANDS OFF TRUMP TOWER!" reads a fundraising email sent to supporters. "Insane radical Democrat AG Letitia James wants to SEIZE my properties in New York. THIS INCLUDES THE ICONIC TRUMP TOWER!"
@#10 ... I've thought for a long time that some entities (probably Russians) are pulling Donald's strings because he owes them a significant amount of money. ...
BaFin to Deepen Deutsche Bank Money Laundering Investigation (Feb 2019)
www.financemagnates.com
...Deutsche Bank released a statement on Friday saying that BaFin, the German financial regulator, has extended the remit of an independent auditor examining the lender's role in the Danske Bank money laundering scandal.[emphasis mine]
The case stems from an ongoing investigation into the Danish bank's Estonian division.
After a whistle-blower sounded the alarm about the activity of certain customers, most of whom were from Russia and the former Soviet Union, in late 2018, it became apparent that Danske Bank's Tallinn-based operations were doing business with some less than scrupulous individuals.
It is alleged that the bank laundered around $225 billion from 2007 to 2014. If that is the case, it would potentially be the largest instance of money laundering ever uncovered.
Deutsche Bank falls into the mix as it acted as Danske Bank's main correspondent bank. According to the Financial Times, the German bank was responsible for facilitating $180 billion in suspicious transactions....
Deutsche Bank Offices Are Raided In Money Laundering Probe (Nov 2018)
www.npr.org
...In recent years, Deutsche Bank has been in the news not only for its prominence in the Panama Papers, but also for its ties to President Trump, in a tumultuous relationship that goes back some 20 years.[emphasis mine]
Trump and the bank once sued each other after he failed to repay a $300 million loan. And the author and reporter Luke Harding has described a "shuffle of money" between the bank's dealings with figures in Russia and its business with Trump. ...
@#14 ... Or just relabel it to 'Fraud Tower'. ...
That may be closer to the reality of the situation.
Stated differently,
If Trump Tower is so precious, why cannot fmr Pres trump negotiate an equity loan so that he can post bond?
Wally - What To Do (1974)
www.youtube.com
Lyrics excerpt...
[no lyrics seem to be available]
@#15 ... If Trump Tower is so precious, why cannot fmr Pres trump negotiate an equity loan so that he can post bond? ...
NY Gears Up to Seize Trump Westchester Assets If Bond Unpaid
news.bloomberglaw.com
... New York state's $454 million judgment against Donald Trump in a civil fraud lawsuit was formally registered in Westchester County just outside Manhattan, a sign that his properties in the area may be at risk of being seized if the former president fails to post an appeal bond.
New York Attorney General Letitia James registered the judgment on March 6, according to the Westchester County Clerk's online database.
The filing didn't give a reason for the registration or identify any Trump assets, but it will allow James to more easily secure liens, should she decide to do so, on two of the real estate mogul's most valuable properties: Trump National Golf Club Westchester and the mostly undeveloped 212-acre Seven Springs estate. ...
@#27
Then there's this...
Judge in Trump's civil fraud trial imposes monitor to oversee Trump Organization's finances
abcnews.go.com
... Effective Thursday, former President Donald Trump's namesake family real estate company has a babysitter.
New York Judge Arthur Engoron, who oversaw Trump's civil fraud trial, imposed a monitor over the Trump Organization as part of a judgment that also required Trump to pay a nearly-half billion dollar penalty.
Barbara Jones, a retired federal judge, has been overseeing the Trump Organization's finances since November 2022 as part of a preliminary injunction. She is now installed for the next three years.
As part of the arrangement, the Trump Organization must open its books to Jones, who has also been given the ability to suggest court-ordered changes in how the Trump Organization operates.
She must be notified about any large cash transfers, the creation or dissolution of assets, the restructuring of debt and "any efforts to secure surety bonds," according to Engoron's order issued Thursday. ...
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