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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSenate Intelligence Committee has Requested Documents on Trump - NBC
Link to tweet
Ken Dilanian?Verified account
@KenDilanianNBC
Senate intelligence committee has requested documents on Trump from Treasury's money laundering unit, NBC News confirms
Botany
(70,505 posts)the Iranian Revolutionary Guard.
http://www.newyorker.com/magazine/2017/03/13/donald-trumps-worst-deal
octoberlib
(14,971 posts)lunatica
(53,410 posts)Dirty as shit
Botany
(70,505 posts)Since the mid 1990s Trump hasn't made much on his "deals" but money laundering
and selling the Trump name has been his thing.
dalton99a
(81,493 posts)The financial crimes organization reports through an undersecretary to Mnuchin
longship
(40,416 posts)That's all.
NewRedDawn
(790 posts)Ryan, McConnell, Grassley, Cruz, Paul, etc.
itcfish
(1,828 posts)needs one too!
NewRedDawn
(790 posts)vlyons
(10,252 posts)Come election day 2018, they all shall get their come-uppance, when we go into the voting booth and pour a big can of whoop-ass all over them, and anyone else with an (R) after their name.
spanone
(135,833 posts)I am sure he thinks there's a way he can do that!
L. Coyote
(51,129 posts)Frustratedlady
(16,254 posts)Why do people launder money? Can they earn interest on it without the IRS knowing that they have it? I know it is mainly to avoid taxes, but if they are so concerned someone will discover hidden earnings, why not hide it in a huge safe or hidden area of a building? Bury it in the backyard in the ol' coffee can.
The only thing that makes sense to me is IF they can earn interest and not get caught by the IRS.
I guess my mind doesn't work on criminal crap.
octoberlib
(14,971 posts)business interests to hide it from authorities. Another way is for them to form shell corporations and buy Trump real estate.
Frustratedlady
(16,254 posts)and eventually to Trump, himself? Was the Kushner $500K deal to Chinese elites similar? I suppose that if they got an apartment in one of his pricey places you wouldn't call it money laundering unless they paid, say...$100M for a $40M apt? I seem to recall one of those in Florida. Bought the house and then tore it down.
Speaking of, whatever happened to Dmitry and his jet?
I'd say they all should be laundering their dirty reputations.
2naSalit
(86,622 posts)that seems to be coming out lately and I'm pretty sure that what we see is the tip of a ginormous iceberg.
Frustratedlady
(16,254 posts)and that the iceberg doesn't melt before it's all exposed.
Bernardo de La Paz
(49,002 posts)It was a time when Russian oligarchs seemed to favor tRump casinos for whatever reasons.
jmowreader
(50,557 posts)...and didn't realize it. IIRC Hillary was discussing how bad a businessman Trump is when she asked, "how in hell do you go broke running a casino? That's a license to print money."
If the government would have stepped up the investigation then, We The People wouldn't be on the hook for the millions it's going to take to remove this entire administration now.
Frustratedlady
(16,254 posts)put things back in order.
You would think that the Republicans would shut their mouths and let the process work (if there are any left) when we DO get to the point of getting rid of the Trump crooks, but then that idea could probably be filed under "dreams". I've never seen anything like it and hope we never get caught in this kind of situation ever again.
Bernardo de La Paz
(49,002 posts)https://en.wikipedia.org/wiki/Money_laundering#United_States
https://en.wikipedia.org/wiki/Money_Laundering_Control_Act
Frustratedlady
(16,254 posts)To unscramble that mess would take a lifetime. I should hope that we would be able to see some of his tax returns and get enough information out of those to confiscate his empire in back taxes/penalties/interest. Of course, anyone who believes he would declare his money laundering on his tax returns would be dreaming, but some of those small companies surely have some reason for being. Has it ever been determined how many he has?
Thank you for the info.
radical noodle
(8,000 posts)The businesses feed each other to move money. It's done all the time in business. He just takes it to an extreme.
lunatica
(53,410 posts)a lot of people get a huge amount of the money in cash for just not seeing the laundering.
If you ever watched Breaking Bad, that's what they did when they bought the car wash. It was a legitimate business and they supposedly made a living off of it and paid taxes and everything, except that they put the bad money in and kept it in a storage unit. then to use it they just paid cash for everything so it couldn't be traced back to them. Only the legitimate car wash income could be traced.
Does that help?
vlyons
(10,252 posts)running guns, sex slaves, extorsion etc are all punishable crimes with jail time and/or confiscation of illegal "dirty" money and assets bought with same. But ... if illegal money is "laundered," through real estate, legal companies, etc. then the crime is hidden, and the money can be put into banks, Wall St, and other investments without the true source being known.
Mr. Ected
(9,670 posts)That much is obvious.
The question is, to what extent will the Senate move to enforce this request.
No repercussions means no proffer.
C Moon
(12,213 posts)L. Coyote
(51,129 posts)Truth-suppressing acts by co-conspirators Sessions, Flynn, Kushner create liable for Conspiracy to Obstruct Justice. 18 U.S.C. §§ 1621 to 1623 -- Given perjury, subornation of perjury, false declarations, the assertion of a false affirmative statement by an individual testifying under oath accompanied by other obstructive, evasive testimony, such as a false denial of knowledge or memory, an offense may exist. 18 U.S.C. §§ 371 and 372--conspiracies to commit any offense against the United States, or to prevent or retaliate in response to the lawful discharge of the duties of Federal officers ...
18 U.S. Code § 1505 - Obstruction of proceedings before departments, agencies, and committees
..... Whoever corruptly, or by threats or force, or by any threatening letter or communication influences, obstructs, or impedes or endeavors to influence, obstruct, or impede the due and proper administration of the law under which any pending proceeding is being had before any department or agency of the United States, or the due and proper exercise of the power of inquiry under which any inquiry or investigation is being had by either House, or any committee of either House or any joint committee of the Congress
Shall be fined under this title, imprisoned not more than 5 years or, if the offense involves international or domestic terrorism (as defined in section 2331), imprisoned not more than 8 years, or both.
enid602
(8,620 posts)And where there's RICO Grand Juries and subpoenas, there will likely also be asset seizure.