Bank that lent $300m to Trump linked to Russian money laundering scam
Source: The Guardian
The German bank that loaned $300m (£260m) to Donald Trump played a prominent role in a money laundering scandal run by Russian criminals with ties to the Kremlin, the Guardian can reveal.
Deutsche Bank is one of dozens of western financial institutions that processed at least $20bn and possibly more in money of criminal origin from Russia.
The scheme, dubbed the Global Laundromat, ran from 2010 to 2014.
Law enforcement agencies are investigating how a group of politically well-connected Russians were able to use UK-registered companies to launder billions of dollars in cash. The companies made fictitious loans to each other, underwritten by Russian businesses.
Read more: https://www.theguardian.com/world/2017/mar/21/deutsche-bank-that-lent-300m-to-trump-linked-to-russian-money-laundering-scam
bettyellen
(47,209 posts)Laundry of choice for Russian oligarchs? So much of the cabinet is filthy that I can't keep track.
Maeve
(42,288 posts)Bernardo de La Paz
(49,045 posts)mpcamb
(2,878 posts)Probably ought to keep this around as a score card when they start to fall.
bettyellen
(47,209 posts)erronis
(15,355 posts)A technical question -
This looks very much like what has been done for the Panama Papers, etc.
I'm busily moving my list of companies/organizations/people/relations into a graph DB. These are extremely powerful and can point out collusions where no one would think to look. Neo4j or other? How did you get your data feeds into the DB?
spiderpig
(10,419 posts)...but isn't this more than drip, drip, drip?
dawnie51
(959 posts)another factoid or two. Another piece of the puzzle. This is the plan evidently. Drop a little, keep the drip going. God, I want this to be over.
woodsprite
(11,927 posts)if all those drips have turned into Niagara Falls yet.
ffr
(22,672 posts)Last edited Tue Mar 21, 2017, 05:58 PM - Edit history (1)
How stupid. No, how arrogant and stupid do you have to be with millions rolling in, UNCHECKED, and no law enforcement agency putting a fine tooth comb to your actions to want more???
He had to seek public office, eyeing the U.S. Treasury and the looting in earnest as Bush did in the previous decade.
What a fucking moron we're dealing with. To him, infinite wealth will never be enough. And that will contribute to his downfall and potential financial ruin.
LOCK HIM UP!
LOCK HIM UP!
LOCK HIM UP!
LOCK HIM UP!
LOCK HIM UP!
rivegauche
(601 posts)Add enormous arrogance and incredible, wilfull stupidity and that's Chump. Lock him up is right, and throw away the fucking keys.
Sunlei
(22,651 posts)BumRushDaShow
(129,543 posts)George II
(67,782 posts)Dave Starsky
(5,914 posts)erronis
(15,355 posts)They will be extracted from the hides of the criminals and their offspring and children/cohorts of these bandits. (One can hope.)
neohippie
(1,142 posts)That casinos and real estate are probably the easiest ways to launder money, and that Trump's businesses involve both of those things.
Also that the pilot program run by the Financial Crimes Enforcement Network, that looks into money laundering in real estate transactions that is wanting to expand it's program to look not only at condos, but into commercial real estate - which also involves Trump and Associates like his son in law Jared Kushner is probably not going to be funded in Trump's budget, especially when FinCen is who fined Trump's casino the largest ever fine for money laundering
Yavin4
(35,446 posts)1. A militia or army to protect the criminals and their stuff.
2. More importantly, a banker that can wash the money. The banker knows EVERYTHING, and has the documentation to back it up.
Thomas Hurt
(13,903 posts)the easier it is to believe that his wealth has come from being an international money launderer not the greatest negotiator in the world.
Bernardo de La Paz
(49,045 posts)Honeycombe8
(37,648 posts)AKing
(511 posts)buys it a year later for 190 million at peak of housing collapse = Money Laundering 101
Xolodno
(6,401 posts)They need to turnover every rock, dot every i, check and check again, etc. This isn't about one person, but mob ties and everyone connected. And that takes a long time to bring down.