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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump Made Millions of Dollars From Drug Money Laundering in Panama: Report
Source: Newsweek
The report said the drug cartels purchased hotel units to hide the origins of money earned through drug trafficking and other criminal activity, and Trump is estimated to have earned tens of millions of dollars from the deals.
Some observers are saying it is time for Congress to begin investigating the presidents finances and potential conflicts of interest.
This is inherently a political problem, Alex Howard, deputy director of the Sunlight Foundation, told Newsweek. The government can investigate a company, even the presidents company. The problem here is that its about the president, and Congress is not holding him accountable for what he has done in this context. They arent holding hearings about the Trump Organization, and the president himself is not being transparent.
Investing in luxury properties is a tried and trusted way for criminals to move tainted cash into the legitimate financial system, where they can spend it freely, the report noted. Once scrubbed clean in this way, vast profits from criminal activities like trafficking people and drugs, organized crime, and terrorism can find their way into the U.S. and elsewhere.
Read more: http://www.newsweek.com/trump-drugs-corruption-panama-hotel-money-laundering-714891
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Achilleaze
(15,543 posts)I'm just sayin... And yet the republicans have him up on a pedastal as their "republican family values" role model. Sick choice for their children and grandchildren.
* republican Draft-Dodger-in-Chief
spanone
(135,874 posts)dalton99a
(81,578 posts)no_hypocrisy
(46,190 posts)American banks stopped doing business with Trump decades ago when he stiffed them on repaying mega-millions of loans. Trump, being addicted to money, had to find money elsewhere.
It was predictable that he would search outside the country and outside the law. And THIS is what should have been hammered home again and again and again in 2016.
Heather MC
(8,084 posts)procon
(15,805 posts)is it likely that the Mueller investigation is also looking into the Trump family money laundering business around the world? Trump has fought against revealing his tax records because they would expose his questionable money making schemes and open him up to legal jeopardy. By implication, Mueller probably already has Trump's tax records and is pursuing every dirty deal Trump is involved in.
shockey80
(4,379 posts)Fiendish Thingy
(15,657 posts)Actually touched Tweeden's Kevlar vest, or were merely hovering?
The criminal collusion of the President with organized crime is irrelevant when when one of our own is under attack...