Drudge Retort: The Other Side of the News
Monday, August 03, 2020

Deutsche Bank launched an internal investigation into the longtime personal banker for President Trump and his son-in-law, Jared Kushner, a bank spokesman confirmed to The Hill on Sunday.



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This matter will extend beyond the election, but will give the Biden DOJ and the US Attorney for the SDNY something to chew on in 2021. The real questions in my mind:
-does the DB3 still own that apartment? If not, to whom did they sell it, when and for how much? When they bought the property, what were comparable units in the building trading for? Let's establish the amount of and timing of their profits.
-why the word play from the Kushner lawyer, whose comments, in effect, point to J-Red being a member of the ownership entity. Who was the Managing member of the 715 entity? Where was Ivanka?

Worst case for the Trump Crime Family: DB was induced to make the loans because the bankers are, in effect, taking kickbacks in the form of profits from flipping the apartment they bought (as well as any other properties they may have purchased, as inducement to do the loans). DB is on thin ice now, and if their bankers, in concert with Trump and/or Kushner, committed bank fraud, somebody is going to jail. Federal jail, like the one J-Red's dad was in. DB will also cough up all they have on Trump and Kushner, so as to catch a break because of their full cooperation. Tough for a foreign bank to operate in the US without a US charter. And if Der Dotard did something like the apartment trick with a Florida condo, he could find himself going from the Whtie House to the Big House...

#1 | Posted by catdog at 2020-08-03 09:28 AM | Reply

An oldie but a goodie...

BaFin to Deepen Deutsche Bank Money Laundering Investigation (Feb 2019)

...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.

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)

...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.

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. ...

#2 | Posted by LampLighter at 2020-08-03 09:54 AM | Reply

We've known about these investigations for long time. I assume the media has ramped this story up to front page is because the Manhattan DA expects "Citizen Trump" to fall into his clutches about mid-January or so.

#3 | Posted by Twinpac at 2020-08-04 04:16 AM | Reply

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