Does everyone remember this story??

[kentuck]

https://www.fincen.gov/news/news-releases/fincen-fines-trump-taj-mahal-casino-resort-10-million-significant-and-long

<snip>
WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) today imposed a $10 million civil money penalty against Trump Taj Mahal Casino Resort (Trump Taj Mahal), for willful and repeated violations of the Bank Secrecy Act (BSA). In addition to the civil money penalty, the casino is required to conduct periodic external audits to examine its anti-money laundering (AML) BSA compliance program and provide those audit reports to FinCEN and the casino’s Board of Directors.

Trump Taj Mahal, a casino in Atlantic City, New Jersey, admitted to several willful BSA violations, including violations of AML program requirements, reporting obligations, and recordkeeping requirements. Trump Taj Mahal has a long history of prior, repeated BSA violations cited by examiners dating back to 2003. Additionally, in 1998, FinCEN assessed a $477,700 civil money penalty against Trump Taj Mahal for currency transaction reporting violations.

"Trump Taj Mahal received many warnings about its deficiencies," said FinCEN Director Jennifer Shasky Calvery. "Like all casinos in this country, Trump Taj Mahal has a duty to help protect our financial system from being exploited by criminals, terrorists, and other bad actors. Far from meeting these expectations, poor compliance practices, over many years, left the casino and our financial system unacceptably exposed."

Trump Taj Mahal admitted that it failed to implement and maintain an effective AML program; failed to report suspicious transactions; failed to properly file required currency transaction reports; and failed to keep appropriate records as required by the BSA. Notably, Trump Taj Mahal had ample notice of these deficiencies as many of the violations from 2012 and 2010 were discovered in previous examinations.

[Nevilledog]

1. K&R

[Flo Mingo]

2. K & R

[empedocles]

3. Typical trump

[dlk]

4. And Now We All Know There is so Much More to This Story

[calimary]

5. Yep.

Sweep it all up.

[elleng]

6. Yes, March 06, 2015

[Shrike47]

9. He sold it in 2009.

[elleng]

12. Date line of the story is March 6, 2015.

[Shrike47]

15. Yes, his name was still on it but he didn't own it.

[kentuck]

17. I think he and his buddy, Icahn, made a deal?

Probably has not been thoroughly investigated?

[UpInArms]

7. tRump should have been wearing an orange jumpsuit long ago

He has escaped the wheels of justice for far too long

[Shrike47]

8. He sold it in 2009. The problems in 2015 are not his.

[kentuck]

10. Here is a link:

https://www.chicagotribune.com/business/ct-trump-taj-mahal-sold-20170509-story.html

[mopinko]

11. and they got fined for using the casino for a daddy bailout.

daddy couldnt just write him a check, so he sent someone to buy millions worth of chips that never got played.

[Power 2 the People]

13. Such a loser

Always needing to be bailed out for his incompetence.

[lunatica]

16. My understanding is that nothing was paid for the chips

Trump was about to default on his debt (was it back property taxes?), but his father ordered the Taj Mahal to send him a bag of chips for the amount his son owed and then the next day daddy made a show of landing in a helicopter with the bag of chips to pay the debt. Swooped in like god hisself to save the Donald!

The chips were never paid back to the casino, so no money was paid by either father or son.

I may be completely off though.

[mopinko]

18. right story, wrong casino

this was at trump castle.
https://www.pressofatlanticcity.com/news/how-donald-trump-s-father-once-bailed-out-his-casino/article_934cb836-2c1d-11e6-8a13-173759856fe0.html

[lunatica]

19. Thanks for the correction.

I got the story by watching documentaries about Trump and his family. It was either on Netflix or Hulu, although in a cursory search I can’t find them.

The old articles about Trump’s life are many times lacking in facts because the facts weren’t known at the time. I would like to see updated documentaries about him before he was President. A lot has come to light since.

[TwistOneUp]

14. Great read!

The story I'm waiting for peeps to remember is when Cheetolini's helicopter crashed. It contained three bigwigs from his org, *but not him*. Seems "he decided to take a later flight". Now how did that happen? The news at the time was dreadfully short in details. Nevrr did read an NTSB report as to the reason for the crash...

[mountain grammy]

20. Yes and it should have been raised

Many times during the election but it probably wouldn’t be as good for ratings as Hillary fainting.

[JDC]

21. How much money was laundered in that place I wonder

We know about his Dad law Conf with a million in chips, but what else could there be?

[Pepsidog]

22. Business genius my ass. Everything he touches turns to shit